PETROLEUM PRODUCTS

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DIRECT CONTRACT WITH THE RUSSIAN REFINERY 

JET FUEL TS-1 (JP54)
MINIMUM QUANTITY: BUYER REQUEST NOT LESS THAN 1,000,000 BBL.
MAXIMUM QUANTITY: 5,000,000 BBL. X 12 MONTHS
CIF PRICE: GROSS $75 / NET $73
FOB PRICE: GROSS $32 / NET $30
COMMISSION: $1 SELLER SIDE / $1 BUYER SIDE.


VIRGIN OIL (D6)
MINIMUM QUANTITY: BUYER REQUEST NOT LESS THAN 100,000,000 GALLONS
MAXIMUM QUANTITY: 500,000,000 GALLONS X 12 MONTHS
CIF PRICE: GROSS $1.00 / NET $0.95
FOB PRICE: GROSS $0.75 / NET $0.70
COMMISSION: $0.25 SELLER SIDE / $0.25 BUYER SIDE.


JET FUEL (A1)
MINIMUM QUANTITY: BUYER REQUEST NOT LESS THAN 1,000,000 BBL.
MAXIMUM QUANTITY: 5,000,000 BBL. X 12 MONTHS
CIF PRICE: GROSS $78 / NET $74
FOB PRICE: GROSS $34 / NET $30
COMMISSION: $2 SELLER SIDE / $2 BUYER SIDE.


MAZUT M100 GOST 10585-75 & 10585-99
MINIMUM QUANTITY: BUYER REQUEST NOT LESS THAN 100,000 MT.
MAXIMUM QUANTITY: 500,000 MT. X 12 MONTHS
CIF PRICE: GROSS $259 / NET $255
FOB PRICE: GROSS $219 / NET $215
COMMISSION: $2 SELLER SIDE / $2 BUYER SIDE.


RUSSIAN DIESEL (D2) GAS OIL L-02-62 GOST 305-82
MINIMUM QUANTITY: BUYER REQUEST NOT LESS THAN 100,000 MT.
MAXIMUM QUANTITY: 500,000 MT. X 12 MONTHS
CIF PRICE: GROSS $284 / NET $280
FOB PRICE: GROSS $254 / NET $250
COMMISSION: $2 SELLER SIDE / $2 BUYER SIDE.

LIQUEFIED PETROLEUM GAS (LPG)
MINIMUM QUANTITY: BUYER REQUEST NOT LESS THAN 100,000 MT
MAXIMUM QUANTITY: 500,000 MT X 12 MONTHS
CIF PRICE: GROSS $210 / NET $200
FOB PRICE: GROSS $180 / NET $170
COMMISSION: $5 SELLER SIDE / $5 BUYER SIDE


LIQUEFIED NETURAL GAS (LNG)
MINIMUM QUANTITY: BUYER REQUEST NOT LESS THAN 100,000 MT
MAXIMUM QUANTITY: 500,000 MT X 12 MONTHS
CIF PRICE: GROSS $220 / NET $210
FOB PRICE: GROSS $180 / NET $170
COMMISSION: $5 SELLER SIDE / $5 BUYER SIDE.


AUTOMOTIVE GAS OIL (AGO)
MINIMUM QUANTITY: BUYER REQUEST NOT LESS THAN 100,000 MT
MAXIMUM QUANTITY: 500,000 MT X 12 MONTHS
CIF PRICE: GROSS $240 / NET $230
FOB PRICE: GROSS $220 / NET $210
COMMISSION: $5 SELLER SIDE / $5 BUYER SIDE.


PREMIUM MOTOR SPIRIT (PMS)
MINIMUM QUANTITY: BUYER REQUEST NOT LESS THAN 50,000 MT
MAXIMUM QUANTITY: 900,000 MT X 12 MONTHS
CIF PRICE: GROSS $240/ NET $230
FOB PRICE: GROSS $180/ NET $170
COMMISSION: $5 SELLER SIDE / $5 BUYER SIDE


INTERNATIONAL PROCEDURES FOR FOB ROTTERDAM
1. SELLER'S OFFICIAL REPRESENTATIVE ISSUE'S SOFT OFFER AND BUYER SENDS ICPO,
CP AND TANK STORAGE AGREEMENT (TSA) AS PROOF OF STORAGE TANK AVAILABILITY.
2. SELLER VERIFIES AND ISSUES: COMMITMENT TO SUPPLY, STATEMENT OF PRODUCT
AVAILABILITY, REGISTRATION CERTIFICATE AND COMMERCIAL INVOICE/CI FOR THE
AVAILABLE QUANTITY IN THE STORAGE TANK TO BUYER. BUYER SIGNS AND RETURNS CI
TO SELLER ALONG WITH AN ATV APPROVED BY THEIR LOGISTICS COMPANY.
3. UPON COMPLETION OF VERIFICATION, SELLER ISSUES THE POP DOCUMENTS:
A. SEVEN 7 DAYS UNCONDITIONAL DTA ATV.
B. 48 HOURS FRESH SGS REPORT IN ROTTERDAM.
C. OFF LOADING PORT INJECTION REPORT.
D. TANK STORAGE RECEIPT (TSR).
E. PRODUCT PASSPORT.
F. AUTHRIZATION TO SELL AND COLLECT.
G. BILL OF LADING.
H. NCNDA/IMFPA FORM.
4. UPON SUCCESSFUL VERIFICATION OF THE POP DOCUMENTS, BUYER ORDERS SGS TO
CONDUCT DIP TEST OF THE PRODUCT IN THE SELLER'S TANK AT BUYER ON EXPENSE.
5. FOLLOWING THE COMPLETION OR THE DIP TEST, SELLER INJECTS THE FUEL INTO
BUYER'S LEASED STORAGE TANK AND SELLER SUBMITS THE FULL INJECTION REPORT TO
THE BUYER.
6. BUYER MAKES 100% PAYMENT BY MT103 TT WIRE TRANSFER FOR THE TOTAL PRODUCT
AND SELLER PAYS COMMISSION TO ALL SELLER SIDE INTERMEDIARIES AS BUYER
LIKEWISE PAYS COMMISSIONS TO ALL BUYER SIDE INTERMEDIARIES INVOLVED IN THE
TRANSACTION WITHIN 24 HOURS AFTER CONFIRMATION OF THE BUYER’S PAYMENT.
7. SELLER ISSUES DRAFT SPA TO BUYER TO REVIEW FOR R&E MONTHLY DELIVERIES.
8. BUYER REVIEWS AND APPROVES THE SPA AND ISSUES SBLC / IRDLC IRREVOCABLE,
NONTRANSFERABLE, AUTO REVOLVING FOR 12 MONTHLY SHIPMENT VALUE AND DOCUMENTARY
LETTER OF CREDIT FOR LENGTH OF CONTRACT AND FOR EACH LIFT PER SCHEDULE. BUYER
PAYS AFTER DIP TEST BY MT103 WIRE TRANSFER ON EACH MONTHLY QUANTITY.
9. THE SUBSEQUENT DELIVERY SHALL COMMENCE ACCORDING TO THE TERMS AND
CONDITIONS OF THE CONTRACT, AND MANDATES/INTERMEDIARIES RECEIVE THEIR
COMMISSIONS ACCORDING TO MONTHLY DELIVERIES.

 
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