JP54 Sellers Published date: January 20, 2019

VALID TILL: 25Th JANUARY, 2019, END OF THE DAY GMT 18:00

COMMODITY: VIRGIN FUEL OIL D6
ORIGIN: RUSSIAN FEDERATION
QUANTITY: (Trail Shipment) 100MILLION GALLONS (EVERY 14DAYS (TWO WEEKS)
SPECIFICATION: RUSSIAN ORIGIN VIRGIN OIL STANDARD EXPORT SPECS.
PRICE: US$ 0.82 GROSS / US$ 0.80 NET PER GALLON
LOADING PORT: VLADIVOSTOK / NOVOROSSIYSK / KOZMINO / ROTTERDAM
DISCHARGE PORT: ANY SAFE WORLD PORT (ASWP) .
INSPECTION: SGS FOR QUALITY & QUANTITY TEST REPORT
INSURANCE: PAID BY SELLER, COVERING 110% OF SHIPMENT VALUE
PAYMENT TERMS: SBLC MT760/ DLC MT700,
(Buyer Bank Issues Non‐Operative Letter Of Credit) MT103 / TT AS FINAL PAYMENT
MONTHLY TOTAL QTY: 100MILLION GALLONS EVERY 14DAYS (TWO WEEKS) (R+E)
MONTHLY CONTRACT DELIVERY 100MILLION GALLONS EVERY 14DAYS (TWO WEEKS) (R+E)
PERFORMANCE BOND: 2% TO BE ISUED BY SELLER’S BANK.
COMMISSION: (US$ 0.2cents/GALLON)
SELLER WILL PAY TO SELLER SIDE INTERMIDERIES US$cts 0.1/GALLON (CLOSED)
SELLER WILL PAY TO BUYER SIDE INTERMIDERIES US$cts 0.1/GALLON (OPEN) AS PER SIGNED NCNDA IMFPA
CIF‐TRANSACTION PROCEDURES
1. Buyer accepts seller’s procedures and issue icpo with the following:
Banking details, Company Profile, Passport Copy and Acceptance Letter Stating To acknowledge the sellers
procedures.
2. Seller issues Sales Purchase Agreement, (SPA) and open for amendment for buyer review.
3. Buyer reviews draft agreement and returns to seller sign in word format and PDF format.
4. Seller acknowledged and submits the contract to the Ministry for legalization on seller expense.
5. Seller issues Partial proof of product (PPOP) as stated below approved by the appropriate ministry
including the legalized contract to buyer via Email as regular buyer upon notarization on seller expense.
 FRESH SGS REPORT BASED ON INTERNATIONAL ANALYTICAL REPORT,
 LEGALIZED CONTRACT FROM THE MINISTRY.
 COPY OF THE TANK RECEIPT OF THE PRODUCT
 COPY OF THE CERTIFICATE OF ORIGIN
 CHARTER PARTY AGREEMENT for both parties to endorse (note seller pay the full vessel cost)
 ATSC/AUTHORIZATION TO SELL& COLLECT
 COPY OF THE COMPANY REGISTRATION CERTIFICATE,
 COPY OF THE STATEMENT OF THE PRODUCT AVAILABILITY.
 COPY OF THE REFINERY COMMITMENT TO SUPPLY.
6. Upon the confirmation of the listed partial PPOP, Buyer bank issues Non‐operative letter of credit
(DLC/MT700) covering the first shipment value. (Buyer’s bank option).
7. Seller issues all shipping documents & BILL OF LADING to buyers in accordance to instrument presented by
Buyer’s bank, Seller’s bank replied with 2% PB to activate the letter of credit issued by the buyer bank.
8. Buyer confirm shipping documents with vessels captain while Seller effect delivery to buyer destination
according to contract, The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the
Unloading seaport then Shipment commences as per contract.
9. Buyer’s bank upon arrival of the cargo at the discharge port, payment will be made for the Product by the buyer
via MT103 100% after (Q&Q) or CIQ report Inspection at Discharge port.
10. Seller will release payments to the intermediaries involved within 48 hours of receiving the Payment for the
product from the Buyer's bank.

• Company Name: ABC GLOBAL BUSINESS, LLC.
• Country: USA

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