JP54 Sellers Published date: October 10, 2014 Modified date: October 10, 2014

AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL.
QUANTITY: 1,000, 000 BBLS, -30,000,000
CIF PRICE: $86 GROSS / $76 NET
FOB PRICE: $76 GROSS / $66 NET Rotterdam/Vladivostok / Novorossiysk Port


SELLER`S TERMS AND PROCEDURES (CIF)
1 Buyer issues LOI & ICPO+NCNDA.
2 Seller issues FCO and Buyer returns it with acceptance letter Signed and sealed confirming that Buyer accepts
the seller’s FCO and Procedures.
3 Seller issues draft contract to Buyer and Buyer checks its Contents and terms, signs and return to Seller by email.
Seller countersigns and completes all the codes in contract and send to Buyer in PDF format by email and both lodge in
respective banks
4 Sellers will release the copies of the partial POP documents to enable buyer release its payment instrument and on
receipt of this seller will release the Full POP Copy of the refinery commitment to Supply the product.
1. Copy of contract to transport the product to the port;
2. Copy of port of storage agreement;
3. Copy of refinery certificate of product
4. Copy of Certificate of Origin issued by the Russian Chamber of Commerce.
5. Copy of the Charter Party Agreement to transport the product to discharge port
6. Copy of Certificate of Quality & Quantity.
5 Buyer instruct their bank to send Swift ready, willing and Able message (RWA) to Sellers Bank and Sellers bank will
Respond with the confirmation message of full POP and the Delivery guaranty by Swift MT799.
6 Within 5 banking days, Buyer issues Proof of Funds (POF) via Blocked Funds SBLC/MT760,BG/MT760, MT103/23,
with validity for 45 to 60 days to Seller sister specialist/Financier company bank account based on Seller approval within
10 banking days. Buyer agrees to take over the responsibility of the Tank Storage Reservation charges, on Buyer failure to
complete the POF via swift within 10 banking days.
7 Upon verification of the Non-Transferable Stand by Letter of Credit (SBLC/MT760, BG/MT76, MT103/23) Sellers
bank shall send all the original Full POP and Shipping documents and the 2% PB to the Buyer
BELOW ARE THE FULL POP DOCUMENTS TO BE ISSUED FROM OUR BANK
1). Copy of License to Export, issued by the Ministry of Energy;
2). Copy of approval to Export, issued by the Ministry of Justice;
3). Copy of statement of availability of the product;
4). Copy of the refinery commitment to Supply the product;
5). Copy of contract to transport the product to the port;
6). Copy of port of storage agreement;
7). Copy of refinery certificate of product
8). Copy of Certificate of Origin issued by the Russian Chamber of Commerce.
9). Copy of the Charter Party Agreement to transport the product to discharge port
10). Copy of Certificate of Quality & Quantity.
11). SGS Report or Equivalent to SGS8.
8 Seller delivers the product to the Buyer’s destination discharge port.
9 Upon the arrival of the cargo at the discharge port of the Buyer Company, Buyer payment will be made for the product
By the buyer bank via T/T wire transfer, after CIQ/SGS Inspection at discharge port and all original copies will be
submitted to the Buyer/Buyer representative’s before offloading commence.
10 Commissions will be paid by Seller’s bankers at same time as and when payment takes place from Buyer timely as
per IMFPA attached in the contract.

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