MAZUT Sellers Published date: May 21, 2015 Modified date: May 21, 2015

Dear sirs,

Please see Mazut selling procedure below:
Initial steps: by BORHAN
Origin: Russian
MAZUT Quantities: 50,000 – 100,000 MT/month larger volumes available over time
Price NET: 335 USD/MT
Delivery terms: CIF ROTTERDAM/ASWP CIQ acceptable if CIF China
Payment terms: LC activated by 2% PB of the seller,
Payment is effected against presentation to Buyer's bank of complete set of export documents within 48 hours after SGS / CIQ report via MT103 / TT.

1. Buyer provides Corporate profile (CP) with Bios on the signatory and
2. Buyer’s General LOI with
a. Product required – quantities for Contract monthly deliveries. Payment terms proposed (proposed Bank and LC/payment structure).
b. CIF port required
c. Agreement confirming the general seller's Procedures

3. Skype cc arranged by the seller's facilitator - Direct contact between the buyer's signatory and the contracted Representatives of Title holders/Sellers.
4. After the Seller's approval, the buyer issues ICPO to the Seller via the contracted seller's Representatives and the seller's facilitator.
5. The seller/title holder responds with a Formal Offer, and direct discussions with the Buyer. Procedures: After successful initial Compliance review, as outlined above.

**Pls. note: The Procedures allow the buyer to obtain Full POP on their product for their approval BEFORE the buyer's LC is activated by the Seller's Performance Bond.
GENERAL PROCEDURES CIF NON-NEGOTIABLE.

1. Buyer issues formal ICPO with Sellers’s procedures incorporated in the ICPO.
2. Seller issues Draft Contract, and Buyer signs and returns Draft Contract.
3. Seller legalizes and notarizes the endorsed Contract officially with the appropriate authorities, expenses borne by Seller.
4. Seller sends to Buyer Partial POP Documents:
a. Certificate of Origin of the Product.
b. Company Registration Certificate.
c. Statement of Product Availability
d. Product Quality Passport (Dip Test Analysis).
e. Refinery Commitment to Produce the Product.
f. Refinery Affidavit.
5. Buyer issues Preadvice DLC via MT705 as guarantee, and Seller issues the Attestation Act of Transfer for Buyer’s endorsement to facilitate booking of allocation, obtaining transaction code, and securing legitimate approval for the transfer of Ownership Title by relevant authorities to
Buyer’s name
6. Upon completion of the Act of Transfer with the Ownership Title transferred to Buyer’s name, Seller submits all documentation stating Buyer as legal Title Holder and Owner of Allocation to the shipping company.
7. Seller provides Buyer the full information of the shipping company. Buyer contacts shipping company and finalizes the shipping schedule.
8. Seller sends Full Proof of Product to Buyer’s bank. The Full POP

Documents include:
a. Copy of license to export, issued by the department of the Ministry of Energy, Russian Federation
b. Copy of Approval to Export, issued by the Ministry of Justice, Russian Federation.
Copy of statement of availability of the product.
d. Copy of the refinery commitment to produce the product.
e. Copy of Transnet contract to transport the product to the loading port.
f. Copy of the port storage agreement.
g. Copy of the charter party agreement(s) to transport the product to discharge port.
h. Copy of Tank Receipt.
i. Copy of Vessel Questionnaire 88.
j. Copy of Bill of Lading. k. Dip Test Authorization.
9. After Buyer review of POP information, Seller activates Buyer's LC by issuing 2% PB.
10. Delivery commences as per contract. Upon arrival of the cargo at the discharge port, and after SGS / CIQ at the discharge port, payment is effected against presentation to Buyer’s bank of complete set of export documents within 48 hours after SGS / CIQ report via MT103 / TT

We are pleased to inform you that this offer is 100% SAFE deal with reliable title holders/sellers, through the contracted Representatives. Their partners Title Holder/Sellers are NOT resellers or similar – they are dealing directly with major Russian refineries.

Regards,
Nahid hasan

• Company Name: M/s. hasan Agency
• Country: BD

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