Minimum Quantity- 100,000MT – 500,000MT – Per Month
Price: Gross $ 240- Net $ 230/CIF Price: Gross $ 295 Net $ 285
Quality: SGS or similar inspection
Commissions: $5 Buy side (open) Seller side $5 (closed)
Payment Term: MT103
Loading Port- Vladivostok / Novorossiysk/Primorsk
Guidelines to note when preparing documents ICPO / LOI
1. Freshly dated (not older than7 working days)
2. The letterhead is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we
need complete company name, address, phone number, fax number and email address
3. The information’s must be detailed and we need a specification
4. The ICPO /LOI must be addressed to the above name KHAMZAT-OYL
5. Bankers information must be the same as the to the company ordering and as stated in the letter
Head, if different, then it must be accompanied by a letter of the owners of the bank account attached
to the ICPO stating their authorization of the purchase
6. The documents must be signed and sealed
NOTE: CI, DIP&PAY PROCEDURE ARE FOR FIRST LIFT AND ALL FIRST LIFT MOST BE FOB RUSSIA
PORT AFTER SUCCESSFUL LIFT , WE ACCEPT CIF ON ONLY CONTRACT BASES.
CI, DIP&PAY PROCEDURE
1. Buyer issues "ICPO" to Seller, along with Corporate Profile and Scan Passport Copy of CEO.
2. Buyer issue TSA (Tank Storage Agreement) to show tank is secured for product injection.
Seller verifies Buyer tank readiness
3. Seller Full Co-operate Offer (FCO) with commercial invoice to Buyer, Buyer Signs and returns
to Seller for final endorsement. NCNDA is signed and endorsed by parties involved.
4. Buyer provides Seller TSA (Tank Storage Agreement) after approval of Tank Farm by seller,
Buyer provide TSR (Tank Receipt) and AIT (Authorization to Inspect Storage Tank) in PORT
and vessel information with port clearance and documents.
5. Seller provide Buyer injection report from Terminal Operator after confirmation seller
injects lift-able quantity into Buyer’s Storage Tanks
6. Seller issues Full POP (Sent by secure E-Mail) including DTA- Dip Test Authorization,
Indigenous Analysis Report of the product.
7. Seller transfers lift-able quantity from Buyer Tanks to Buyer vessel at PORT, Buyer conduct
Dip Test on loaded quantity and SGS.
8. Upon confirmation of ACT of TRANSFER in Buyers Name payable by Seller, Seller issues to
the Buyer, Title of Ownership Certificate to be followed by all export documentation.
9. Buyer pays Seller for lift-able quantity via SWIFT MT103 AFTER Buyer receives POP
documents from Seller (Sent by Courier).
10. Transaction repeats (clause 6. – 7. above) per the lift schedule in the Sales and Purchase
agreement (Contract) signed endorsed by t he Buyer and Seller.
CONTRACT PROCEDURES FOR CIF
1. Seller and Buyer sign the Sales Purchase Agreement (SPA) and deposit in their respective
banks as hard copies.
2. Buyer shows ready, willing and able to purchase product via Proof of Funds (POF). The
format for the POF is available on request; mode of transmission will be by swift MT-799 or
MT-760.
3. Seller, upon receipt of POF from Buyer's bank, nominates and loads vessel with product in
the name of the buyer and transmits the shipping documents to the buyer.
4. Buyer upon receipt and confirmation of POF, within three (3) banking days, issues
confirmable, irrevocable, transferable Standby Letter of Credit (SBLC) via MT103 Message
Field in favour of Seller and validity to cover 25 - 45 banking days (depending on buyers
discharge port). The LC must come from a top US/European Bank. (LC format is available on
request).
5. Within ten (10) banking days of III above, Seller furnishes CPA & Q88 and the following
documents to Buyer and/or Buyer's bank:
1. Clean - on - board ocean Bills of Lading
2. Certificate of quantity (SGS or equivalent)
3. Certificate of Analysis (optional)
4. Certificate of Origin
5. Certificate of Quantities
6. Seller's commercial invoice
7. Vessel ullage report {optional}
8. Receipt of samples (optional)
9. Cargo Manifest
6. After the vessel has discharged its cargo at Buyer's designated port outlined above and Buyer
has received the Discharge Report as shall be confirmed by the captain of the vessel, including
all relevant documents presented by the Seller after the time of cargo delivery as required by
the LC, Buyer must make payment by TT Wire Transfer to Seller's Bank Account payable at its
counter for this transaction and to beneficiaries named for fees in Master Fee Protection
Agreement in the SPA.
7. Payments are made byN Swift Wire Transfer directly to the Seller's bank accounts and
commission agents as stipulated in the MFPA in this SPA within three (3) international banking
days after product delivery and discharge at Buyer's nominated port of discharge against
presentation of stated shipping documents (non-negotiable copies) at Buyer's bank.
Useful Information for Buyer
The seller/Title Holder can take multiple buyers as allocation remains very large, until sold out, If we can
get your documents (ICPO, CP, BCL and NCNDA/IMFPA) in today the mandate will expedite the Due
Diligence on your application within 24hours as there is a dedicated team doing DD. That means you can
have your CI within 2 days depending on the Time zone if your DD is positive. The seller then starts
Popping the fuel. Once you have done the CI you then get a partial POP, after you have signed the hard
copy contract. Buyer Side commission Share formula for MFPA .
If term are acceptable, kindly issue your LOI / ICPO