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D2 (GAS OIL DIESEL OF RUSSIAN ORIGIN)
1M MT D2 PER MONTH $482.00 PER MT
2M MT D2 PER MONTH $472.00 PER MT
3M MT D2 (OR MORE) $462.00 PER MT
250,000 MT PER MONTH $572 PER MT.
100,000 MT PER MONTH $602 PER MT
These prices are CIF and NET of Commissions
PROCEDURES
1/ BUYER ISSUES ICPO WITH BCL ATTACHED
2/ SELLER ISSUES FCO
3/ BUYER CONFIRMS ACCEPTANCE OF FCO, BY SIGNING SAME
4/ BCL IS VERIFIED BY SELLERS BANK WITH ISSUING BANK
5/ BUYER AND SELLER EXCHANGE DRAFT CONTRACT AND ANY AGREED AMENDMENTS NECESSARY
ARE INCORPORATED
6/ HARD COPIES ARE THEN SIGNED BY BOTH PARTIES AND SUBMITTED TO THE RESPECTIVE
BANKS
7/ “ UPON SIGNING OF THE CONTRACT BY BOTH PARTIES, BUYER'S BANK WILL SEND WITHIN
3 BANK DAYS, MT 799 SWIFT TO SELLER'S BANK INDICATING:
“FOLLOWING RECEIPT OF POP FROM SELLER, BUYER'S BANK WILL ISSUE NON OPERATIVE
RDLC TO BE ACTIVATED BY THE 2% PERFORMANCE BOND. ( no other queries allowed)
8/ SELLER ISSUES POP WHICH CAN BE VERIFIED
9/ BUYER'S BANK WILL ISSUE NON-OPERATIVE TRANSFERABLE, CONFIRMED, REVOLVING
DOCUMENTARY LETTER OF CREDIT TO THE SELLER
10/ SELLER ISSUES PERFORMANCE BOND WHICH ACTIVATES RDLC
11/ SELLER SHALL ISSUE THE FIRST SHIPMENT DELIVERY CONFIRMATION AND DATE, NO
LATER THAN 30 BANKING DAYS THENCE. A JOINTLY AGREED SHIPPING SCHEDULE FOR THE
FOLLOWING 40 DAYS WILL FOLLOW.
12/ EACH PARTY WILL BEAR ITS OWN RESPECTIVE BANKING COSTS AND CHARGES.
Procedures for D2
-Copy of License to export, issued by the ministry of energy.
-Copy of Approval to export, issued by the ministry of justice.
-Copy of Statement of availability of the product.
-Copy of the Refinery commitment to produce the product.
-Copy of Transneft contract to transport the Product to the Port
-Copy of the Port Storage agreement
-Copy of the Charter party agreement(s) to transport the product to discharge
port. continued……
The Seller will provide the following documents as POP:
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– Suite 804 – 1220 N. Market Street- Wilmington, DE 19801-USA
