(Product Code: SC-C001)

RUSSIAN PETROLEUM PRODUCTS CIF ASWP

Grade: Russian Export Grade

Origin: Russian Federation

Incoterms: CIF ASWP

Payments Term: MT103

Inspection: By SGS

PRODUCT AND QUANTITY

RUSSIA EXPORT BLEND CRUDE OIL (REBCO) GOST 9965 76
Quantity: Minimum 500,000 BBLs. Maximum 3,000,000 BBLs Monthly

LIGHT CYCLE OIL
Quantity: 50,000 MTs – 300,000 MTs Monthly

RUSSIAN PETCOKE
Quantity: 20,000 MTs – 300,000 MTs Monthly

MAZUT M100 GOST 10585-75
Quantity: 50,000 MTs – 500,000 MTs Monthly

DIESEL GAS OIL D2 GOST 305-82
Quantity: 20,000 MTs – 300,000 MTs Monthly

HIGH-SPEED DIESEL (HSD) 50PPM
Quantity: 20,000 MTs – 300,000 MTs Monthly

ULTRA LOW SULFUR DIESEL EN 590 10PPM GOST R 52368-2005
Quantity: 20,000 MTs – 300,000 MTs Monthly

AUTOMOTIVE GAS OIL (AGO)
Quantity: 20,000 MTs – 300,000 MTs Monthly

LNG GOST 5542-87
Quantity: 50,000 MTs – 300,000 MTs Monthly

LPG GOST 50994-96
Quantity: 50,000 MTs – 300,000 MTs Monthly

CST-180 FUEL OIL
Quantity: 50,000 MTs – 500,000 MTs Monthly

CST-380 FUEL OIL
Quantity: 50,000 MTs – 500,000 MTs Monthly

RUSSIAN CRUDE OIL ESPO GOST 21534-75
Quantity: Minimum 500,000 BBLs. Maximum 3,000,000 BBLs Monthly

BITUMEN (ALL GRADES)
Quantity: 15,000 MTs – 100,000 MTs Monthly

UREA 46 PRILLED & GRANULAR
Quantity: 20,000 MTs – 100,000 MTs Monthly

CIF OPERATIONAL PROCEDURE

1. Buyer issues ICPO which must be in Buyer’s company letterhead and Buyer’s banking information and Bank Confirmation of Buyer’s Proof of Fund.

2. Seller issues Drafted Contract (Open for possible amendments) to Buyer. Buyer signs, seals and returns the contract with Buyer’s Company Information Sheet (CIS) and Buyer’s Identity, for final endorsement. Seller gives the below listed Partial Proof of Product and transports product to loading port.
(A) Refinery Commitment To Supply
(B) Certificate of Origin
(C) Statement of Availability of Product
(D) Product Quality Passport (Analysis Test Report) by Russian Standard GOST R
(E) Seller’s Bank Endorsed Guarantee Letter to supply the product (Which authorizes Buyer’s right for total refund for the cost of issuing the bank instrument should Seller delays or fails to deliver the product)

3. Within 5 to 10 banking days, Buyer’s bank sends Transferable or Non-Transferable Operative SBLC via MT760 or DLC via MT700 according to Seller’s provided bank verbiage for the first trial shipment.
In cases whereby Buyer fails to issue bank instrument within 5 to 10 banking days, or it becomes impossible for Buyer to issue the bank instrument, Buyer will have the option of a deposit USD $300,000 by TT Wire Transfer against vessel/shipment and transaction guarantee. This payment shall be deducted from the total cost of the CIF transaction after inspection and discharge at discharge port.

4. Seller’s bank issues Full POP documents to Buyer’s bank with 2% Performance Bond (PB).
(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
(C) 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 to transport the product to discharge port.
(H) Copy of Vessel Questionnaire 88 (Q88)
(I) Copy of Bill of Lading
(J) SGS Report at the loading port
(K) Dip Test Authorization (DTA) and ATB
(L) NOR / ETA
(M) Certificate of Ownership Transfer
(N) Allocation Transaction Passport Code Certificate (ATPCC) by Ministry of Energy

5. Shipment commences as per signed contract delivery schedule and the shipment should arrive at Buyer’s discharge port within 5-25 days. The SGS inspection will be borne by the Seller at loading seaport and Buyer at the unloading seaport.

6. Buyer releases payment to Seller by TT/MT103 upon receipt of the shipping documents and confirmation of the Q & Q by SGS/CIQ at destination port.

7. Seller pays commission within 48 hours by swift MT103 to intermediaries as per signed NCNDA/IMFPA.

Note:
- Prices are negotiable.
- Procedures are non negotiable.

For inquiry, please contact us for proceed further.

Russian Petroleums CIF ASWP

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