Import/Export Products Offered
Commodity
The Products offered are as follows:
LIGHT DISTILLATES
Liquefied Petroleum Gas MOQ 50,000 Metric Tons
Gasoline 87 Octane – 97 Octane MOQ 425,000 Barrels (50,000 Metric Tons)
Naphtha MOQ 50,000 Metric Tons
MIDDLE DISTILLATES
Diesel 10PPM – 2500PPM MOQ 50,000 Metric Tons
Aviation Kerosene Jet A-1 & TS-1 MOQ 2,000,000 Barrels (256,000 Metric Tons)
Light Cycle Oil MOQ 50,000 Metric Tons
CRUDE
Eastern Siberian Pacific Oil MOQ 1,000,000 Barrels
NATURAL GAS
Liquefied Natural Gas MOQ 2,678,500 MMBtu (50,000 Metric Tons)
RESIDUM
Bitumen (30/40 – 100/120) MOQ 50,000 Metric Tons
FERTILIZER
Urea 46 MOQ 25,000 Metric Tons
The product, shall originate primarily from the Russian Federation unless stated otherwise by “The Seller” ensuring the contractual guaranteed specifications as produced by “The Buyer” or presented by “The Seller”.
Pricing
The pricing of the product(s) sold and purchased is set and offered at a Minimum Discounted Rate of 10% (Ten Percent) on Platts Regional Assessment Per Designated Unit and a Maximum Discounted Rate of 15% Fifteen Percent) on Platts Regional Assessment Per Designated Unit. The Final Price is contingent to the Volume, Destination Port and the Formal Corporate Offer issued by “The Seller”.
Transaction Procedure(s)
00 REQUEST
“The Buyer” issues a Letter of Interest or the Request for Product Application
▪ The Letter of Interest or the Request for Product Application shall consist of Product Name, Volume, Discharge/Retrieval Port, Specification(s), Collateral Instrument issuing Bank Name, Company Information etc.
01 INTRODUCTION
Subsequent to the receipt of the Letter of Interest or the Request for Product Application, “The Seller” shall:
▪ Verify and confirm the business entity is in good standing
▪ Contact the Letter of Interest signatory for an introductory call
02 CAPABILITY ASSESSMENT
The Seller assesses the capability of the Buyer by requesting:
OPTION A:
An Authorization to Verify (“The Buyer’s” Capability) Letter. “The Seller’s” Banker validates “The Buyer’s” capacity to issue the Collateral Instrument and obtain confirmation on remuneration of Full Product Value via MT103 subsequent to the delivery (ATV Template provided by “The Seller”)
OR
OPTION B:
Proof of Funds such as, Bank Statement OR Banker Signed Tear Sheet OR Bank Capacity Letter (BCL) OR Banker to Client Email OR Bank to Seller office Email OR a Banker Signed Ready Willing and Able (RWA) letter to issue an SBLC on behalf of “The Buyer”. “The Buyer” may send their Proof of Fund documents to either:
▪ “The Seller’s” physical office address
▪ “The Seller’s” US attorney
▪ “The Seller’s” Bankers
03 CORPORATE OFFER
“The Seller” issues a Formal Corporate Offer
▪ The Formal Corporate Offer exhibits information such as Specific Prices (Generally 10% to 15% below Platts), Volume, Banking Coordinates, Load/Discharge Ports, Delivery Timeline, Product Specifications, Etc.
▪ A Fee Protection Agreement is established (For Brokers) and is lodged with an attorney
04 SALES AGREEMENT
“The Seller” issues the Sales & Purchase Agreement
▪ The Sales & Purchase Agreement exhibits information such as Price, Index Discount, Volume, Load/Discharge Ports, Delivery Timeline, Product Specifications, Banking Coordinates and other tacit data
▪ The delivery timeline is contingent to the, Volume, Load/Discharge Ports and Vessel Availability
05 FORMALIZATION/BANKING
“The Buyer” formalizes the Sales & Purchase Agreement
▪ Subsequent to the formalization of the Sales & Purchase Agreement, the Product is refinery committed
▪ The Sales & Purchase Agreement is registered with the Refinery’s Corporate Office and “The Seller’s” banker ▪ “The Buyer’s” Banker transmits the Collateral Instrument
▪ “The Seller’s” Banker issues a 2% Performance Bond
06 LOADING/DOCUMENTATION
Subsequent to the validation of the Collateral Instrument, “The Seller” loads the vessel (Remunerated by “The Seller”) and issues the Product & Delivery Documentation
▪ Product & Delivery Documentations are submitted digitally when created and via courier
▪ “The Buyer” may track and/or communicate with the vessel at their convenience
The Product & Delivery Documentation shall consist of:
- Charter Party Agreement
- Vessel Questionnaire Q88
- Vessel/Product Insurance Policy (Lloyds) 4. Commitment to Supply
- Authorization to Re-Sell Product
07 DELIVERY/DISCHARGE
- Statement of Product Availability 7. Bill of Lading
- Ullage Report
- Certificate of Quality
- Notice of Readiness
Per standard shipping protocols, “The Shipper” contacts “The Buyer’ and “Target Harbormaster” within a 48-hour arrival date/time
“The Seller” issues the Authorization to Board (ATB) and the Dip Test Authorization (DTA)
▪ Customs will accompany “The Buyer” per local rules
▪ Shore tanks are injected per harbormaster’s directives
“The Buyer” remunerates (via MT103) for the Full Product Value subsequent to the Shore Tank Injection “The Seller” transfers the Certificate of Ownership (Title) subsequent to the payment
Seller Classification
The Seller is a Secondary Market Participant (Wholesaler).
The Seller holds the ownership of the product and is the Titleholder.
Quantity
The total quantity of the product(s) sold and purchased is the specified quantity that is equivalent to 1 month’s supply recurring up to 12 consecutive calendar months. (With rolls and extension for 12 months upon mutual agreement between both parties)
Each shipment may have a positive or negative weight tolerance to a maximum of five percent (± 5%) at “The Seller’s” option. The Inspecting Authority determines and verifies the total delivered and shipped quantity within the agreement.
Contract Terms
The term of the contract will be of 12 consecutive calendar months with rolls and extension for 12 months upon mutual agreement between both parties.
Delivery Terms
- Cost, Insurance & Freight (CIF)
- Ship-to-Ship Transfer (STS)
Payment Terms and Conditions
Standby Letter of Credit as a Payment Guarantee. Payment remunerated subsequent to the Delivery, with Quality Report at Discharge Port.
Performance Bond
Issuance of a 2% Performance Bond against the shipment value by “The Seller” subsequent to the receipt, verification and authentication of the financial instrument.
Inspection
To assess the quality and quantity, The Seller will appoint and remunerate an internationally recognized first class Independent Surveyor Company Société General de Surveillance (SGS) or Similar at the Port of Loading.
To assess the quality and quantity, The Buyer will appoint and remunerate an internationally recognized first class Independent Surveyor Company Société General de Surveillance (SGS) or Similar at the Port of Discharge.
Governing Law
The contract established between “The Buyer” and “The Seller” is governed and interpreted in accordance with the rules of the International Chamber of Commerce and the United Nations Convention on Trade and Commerce. In addition, subject to the interpretation of Incoterms 2020 Edition for shipping is applied as well.
Arbitration
The parties hereby agree to settle all disputes amicably. If settlement is not reached, the dispute in question shall be submitted to arbitration. The place of arbitration shall be as stated by “The Seller” at The Court of Arbitration Under I.C.C. Rules and Regulations and The United Nations Convention on International Trade and Commerce.
Non-Disclosure & Non-Circumvention
All parties do herein agree that Non-Circumvention and Non-Disclosure rules of all issues from International Chamber Of Commerce apply to the transaction for a period of five (5) years from date of execution. The agreement by undersigned, his or her assigns, agents, heirs, the “NCNDA” also applies to any and all other transactions directly or indirectly between the parties, “The Buyer” and “The Seller” respect the highly confidential nature of the contract and agree to maintain in strictest confidence – the names of the parties whose identities may become known to one another through either the tendering of documents or assembly of banking or government approvals. The parties agree to maintain strict confidentiality concerning the identities of the parties directly or indirectly involved in the transaction. All data remain the property of the party who has brought the respective data into the transaction. Any of the parties breaching this rule will be liable for any damages resulting from such action to be committed deliberately or by negligence. In case of breach of the respective rules emitted, the laws of the International Chamber Of Commerce, PARIS (ICC/PARIS) will be applied. The interfering party will be charged with the loss of profits in this or any future transaction, by the injured party, who will be entitled to file legal proceedings against the interfering party at the International Chamber Of Commerce Paris, France (ICC/Paris) in New York City New York, USA to recover their losses.
Disclaimer
“The Seller” does not engage in negotiations nor does “The Seller” issue Prices, Offers or any documentation pertaining to a Product or a Transaction to Third Parties/Brokers. All communication(s) and exchange of documentation is carried strictly between “The Buyer” and “The Seller” only.
REQUEST FOR PRODUCT TEMPLATE
CLIENT LETTERHEAD
Date: Ref:
To,
The Titleholder
Via: OM/ ROBERT SHANE
Request for Product
“Buyer’s Company Name” is a “Buyer’s Country/Jurisdiction” domiciled company operating in good standing with our government. We confirm that “Buyer’s Company Name” is ready, willing and able to purchase the following commodity:
Order Specifics
| Product | |
| Origin | |
| Quantity | XX,XXX Metric Ton +/- 5% Per Month x 12 Month(s) Contract with Rolls & Extensions |
| Target Price | 10% to 20% Discount on Regional Platts Index |
| Quality Inspection | SGS, Intertek or Equivalent |
| Specification(s) | Attached Or Standard Export Specification |
| Delivery Terms | “Cost, Insurance & Freight (CIF)” OR “Ship-to-Ship Transfer (STS)” |
| Discharge Terms | Delivered to the Port of XXXXX OR Transferred to Own Vessel |
Company Particulars
| Registered Name | |
| Registered Address |
Banking Particulars
| Bank Name | |
| Bank Address | |
| Collateral Instrument | Standby Letter of Credit MT760 “As Payment Guarantee” |
| Payment Terms | Wire Transfer MT103 “Final Payment remunerated subsequent to Delivery & Quality Report at Discharge” |
Authorized Signatory’s Particulars
| Name | |
| Mobile | |
| Signature & Seal |
LIST OF APPROVED BANKERS
Europe
Austria
Erste Group Bank AG
Belgium
Belfius
Dexia
KBC Group NV
Denmark
Danske Bank
Nykredit Group
France
BNP Paribas
Credit Agricole Group
Credit Mutuel
Groupe BPCE
La Banque Postale
Societe Generale
Germany
Bayerische Landesbank
Commerzbank
Deutsche Bank
DZ Bank AG
KfW Group
Landesbank Baden-Wurttemberg
Italy
Cassa Depositi e Prestiti (CDP) Intesa Sanpaolo
UniCredit S.p.A.
Luxembourg
European Investment Bank
Netherlands
ABN AMRO Group NV
ING Groep NV
Rabobank Group
Norway
DnB ASA
Spain
Banco Sabadell
Banco Santander
Bankia
BBVA
CaixaBank
Sweden
Nordea
Skandinaviska Enskilda Banken Svenska Handelsbanken
Swedbank
Switzerland
Credit Suisse Group
Raiffeisen Schweiz
UBS Group AG
UK
Barclays PLC
HSBC Holdings
Lloyds Banking Group
Nationwide Building Society
Royal Bank of Scotland Group
Standard Chartered PLC
Asia
China
Agricultural Bank of China
Agricultural Development Bank Bank of Beijing
Bank of China
Bank of Communications
Bank of Jiangsu
Bank of Shanghai
China CITIC Bank Corp
China Construction Bank Corp China Development Bank
China Everbright Bank
China Guangfa Bank (CGB)
China Merchants Bank
China Minsheng Banking Corp China ZheShang Bank (CZBank) Hua Xia Bank
Industrial & Commercial
Industrial Bank Co. Ltd
Ping An Bank
Postal Savings Bank of China Shanghai Pudong Development The Export-Import Bank of China
India
State Bank of India
Japan
Japan Post Bank
Mitsubishi UFJ Financial Group Mizuho Financial Group
Nomura Holdings
Norinchukin Bank
Resona Holdings
Shinkin Central Bank (SCB)
Sumitomo Mitsui Financial Group Sumitomo Mitsui Trust Holdings
Russia
Sberbank of Russia
VTB Bank
Singapore
DBS Group Holdings
Oversea-Chinese Banking Corp United Overseas Bank (UOB)
South Korea
Hana Financial Group
Industrial Bank of Korea
KB Financial Group
Korea Development Bank
NongHyup Financial Group
Shinhan Financial Group
Woori Bank
Taiwan
Cathay Financial Holding
Fubon Financial Holding
North America
Canada
Bank of Montreal
Bank of Nova Scotia
Imperial Bank of Commerce
National Bank of Canada
Royal Bank of Canada
Toronto-Dominion Bank
USA
Bank of America
Bank of New York Mellon Corp BB&T Corporation
Capital One Financial
Charles Schwab Corp
Citigroup Inc
Goldman Sachs Group
JPMorgan Chase & Co
Morgan Stanley
PNC Financial Services Group State Street Corp
Suntrust Banks
U.S. Bancorp
Wells Fargo
South America
Brazil
Banco Bradesco SA
Banco do Brasil SA
Brazilian Development Bank Caixa Economica Federal
Itau Unibanco Holding SA
Oceania
Australia
Australia & New Zealand Group Commonwealth Bank of Australia National Australia Bank
Westpac Banking Corp
Middle East
Qatar
Qatar National Bank
