Product Specifications

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Product Description

Overview

Quick Details

Application: Vehicles

D2 or Not: Not D2

Place of Origin: Novosibirsk Oblast, Russian Federation

Brand Name: Gasoline

Model Number: GAS

Grade: High Grade

Octane: 93 / 95

Ox Blood Red: Ox Blood Red

Flash Point: Higher

Supply Ability

Supply Ability: 62000 Metric Ton/Metric Tons per Month

Packaging & Delivery

1. THE SELLER sends SOFT CORPORATE OFFER (SCO) TO ANNUAL CONTRACT to THE BUYER.

2. THE BUYER issues IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) xxxxxxxxxxxxxxxx

With the full banking details and sends COMPANY PROFILE (CP) including passport of

The CEO TO ANNUAL CONTRACT.

3. THE BUYER sends BANK COMFORT LETTER (BCL) issued by THE BUYER´S BANK signed and

Stamped and with banking registration number by BUYER´S BANKING OFFICIAL.

4. THE SELLER issues FULL CORPORATE OFFER (FCO) and sends it to THE BUYER, THE BUYER sign

And send back with 05 working days.

5. THE BUYER´S BANK will send via SWIFT M199 (BANK TO BANK PROCESS) TO THE SELLER´S BANK

Confirming that THE BUYER has the financial capability to purchase after FULL CORPORATE

OFFER (FCO) issued and signed.

6. THE SELLER issues the SALES AND PURCHASE AGREEMENT (SPA) in favour of THE BUYER for

Approval along with the NON-CIRCUMVENTION, NON-DISCLOSURE & WORKING AGREEMENT

(NCNDA).

7. THE BUYER signs and sends back the SALES AND PURCHASE AGREEMENT (SPA) to THE SELLER

Within 05 working days.

8. THE SELLER sends back the final electronic version of the SALES AND PURCHASE AGREEMENT

(SPA) along with THE PROFORMA INVOICE which is deemed as original, final and binding.

9. Within 10 banking days of signing of the final contract (electronic version), BUYER´S BANK

Will send via SWIFT M799 (BANK TO BANK PROCESS) THE PROOF OF FUNDS (“POF”) and readiness

To issue the NON-OPERATIVE STANDBY LETTER OF CREDIT (SBLC-MT760) (as per format given in

The contract) against which THE SELLER´S BANK will send THE PARTIAL PROOF OF PRODUCT

(“PPOP”) and readiness to issue THE PERFORMANCE BOND.

 NOTE: THE PROOF OF FUNDS (“POF”) AND THE PARTIAL PROOF OF PRODUCT (“PPOP”) WILL BE DONE AT

THE SAME TIME BETWEEN BUYER´S BANKING OFFICER AND THE SELLER´S BANKING OFFICER IN BANK TO

BANK PROCESS.

As a PARTIAL PROOF OF PRODUCT (“PPOP”) the following documents will be sent:

• Commercial Invoice for the first month’s shipment quantity and value.

• Sanitized Copy of the Passport Product (Analysis Report)

• Sanitized Copy of the Certificate of Origin

• Statement of Availability of Product issued on Our Company letterhead duly endorsed

By The Seller´s Bank.

10. Within 10 banking days of successful exchanging THE PROOF OF FUNDS (“POF”) and THE

PARTIAL PROOF OF PRODUCT (“PPOP”), for the monthly shipment quantity and value, THE

BUYER’S BANK will send via SWIFT M760 (BANK TO BANK PROCESS) the NON-OPERATIVE STANDBY

LETTER OF CREDIT (SBLC-MT760) (as per format given in the contract) against which THE

SELLER´S BANK will send via SWIFT THE PROOF OF PRODUCT (“POP”) and issue the 2%

Operative PERFORMANCE BOND (PB) which will activate the NON- OPERATIVE STANDBY LETTER OF

CREDIT (SBLC-MT760).

As a PROOF OF PRODUCT (“POP”) the following documents will be sent:

• Certificate of Quality and Quantity issued by SGS (SociétéGénérale de Surveillance)

OrSaybolt Report.

• DIP Test Authorization Letter at Port of Discharge.

• Q88 (interbank’s standard chartering questionnaire).

• Bill of lading (pre booking confirmation).

Delivery and Shipment commence as per schedule mutually agree.

12. upon arrival or vessel at port of destination and successful inspection by SGS (Société

Générale de Surveillance) within a maximum period of 05 working days payment is

Released by MT103 and the title will be transferred to the buyer. If the inspection at port

Of destination is not carried out within a maximum period of 05 working days, the

Inspection certificate issued at port of loading will be considered as final and payment will

Be drawn against THE STANDBY LETTER OF CREDIT (SBLC-MT760).

PERFORMANCE BOND

After receipt of Non-Operative THE STANDBY LETTER OF CREDIT (SBLC-MT760), THE SELLER’S BANK

Shall post a PERFORMANCE BOND (PB) for the value of 2% of the shipment value on an auto revolving

Basis until the total quantity has been shipped.

TERMS OF PAYMENT

1. DESTINATION PORT – STANDBY LETTER OF CREDIT (SBLC-MT760)

A. Buyer’s bank will issue an IRREVOCABLE, TRANSFERABLE, AUTO-REVOLVING, UNENCUMBERED,

UNCONDITIONAL, DIVISIBLE, ASSIGNABLE AND CONFIRMED by THE TOP 25 WORLD BANKS AS STATED IN

THE BANKERS ALMANAC® WEBSITE (http://www.bankersalmanac.com/addcon/infobank/bankrankings.aspx)

STANDBY LETTER OF CREDIT (SBLC-MT760) for the aggregate sum of USD$

The first shipment covering the last month’s shipment quantity and value that will act as

as collateral security guarantee towards successful completion o the contracted quantity

With a maturity period of 13 months from date of issue.

B. Actual payment will be made by SWIFT MT-103 CASH WIRE TRANSFER within 05 days of

Arrival of vessels and inspection by SGS (SociétéGénérale de Surveillance) against

Presentation of shipping documents stated in the contract at the Buyer’s bank.

C. The issuing bank shall allow adding confirmation and advising by any bank at the

Expense of the Buyer’s side. If THE STANDBY LETTER OF CREDIT (SBLC-MT760) or SWIFT MT-

103 cash wire transfer issued by the Buyer to the Seller is not in accordance with the

Terms of this contract or what is acceptable to the Seller and the Seller’s bank, the

Seller’s and Buyer’s bank must discuss and attempt to resolve amicably any eventual

Minor discrepancies.

D. The draft format of THE STANDBY LETTER OF CREDIT (SBLC-MT760) will be given in the

Contract as Annex Copy 01 “Format of THE STANDBY LETTER OF CREDIT (SBLC-MT760

Supply Ability

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Packaging and Shipping

Lead time

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Port

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Packaging details

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