HMS1/2 -Saudi-SOLD

SOFT OFFER OF HM1/2 (Saudi Arabia origin)

1.COMMODITY:
HMS1/2, Heavy Metal Scrap HMS 1&2 ISRI Codes 200-206 (mixture 80/20)

2. PAYMENT TERMS:

1) By Irrevocable, confirmed, transferable (non-transferable) and revolving Documentary Letter of Credit on the one month delivery payable 100% at sight after presentation to the Buyers Bank full set of Documents required for payment with validity of 12 + 3 months (in case of delay)

*TERMS: Non- Operative LC or BG should be open by the Buyer in 5 days after signing by Buyer and Seller hard copies of the Contract.
*TOP WORLD BANK: LC or BG should be Issued and confirmed by one of 50 WORLD PRIME BANK. (ask)
*CHINA BANK’S LC/BG in case non transferable: Even if China buyer’s LC/BG does issue from top 50 world Chinese bank in China, it should be confirmed in Top Europe bank.

3. ORIGIN:Saudi Arabia

4. PRICES:
A)Transferable DLC with assignable and revolving PAYBLE AT SIGHT LOADING PORT.

30,000MT*12 = === 265
60,000MT*12 = === 263

B)Non-Transferable DLC with assignable and revolving PAYBLE AT SIGHT LOADING PORT.

30,000MT*12 =====285
60,000MT*12 =====282

5.COMMISSION:Price is seller’s net price, you can add on the top of offering prices overprice for your commission which is 50/50 split with the Seller.

6. PERFORMANCE BOND (PB):
2% max. Seller opens 2% PBG after receiving in Sellers Bank non- operative LC from the Buyer.Not allow upfront PB.

7. INSPECTION:
SGS, CCIC certificates of quality and quantity, radioactivity and al shipping documents listing in the Contract would be issued in the port of loading.

8. YARD AND PORT OF LOADING VISIT:
Yard visit is allowed after Buyers Bank issue operative Bank instrument (MT705 or MT 760) as evidence of financial capability to engage in a particular Transaction. Buyer can stay in the port to check loading process.

9. PROCEDURE:

A)Buyer’s issues LOI or ICPO on company Letter head with permission for Soft Probe.
B)Seller issues FCO or Draft Contract in the name of Buyer and the Buyer signs seal and return to Seller.
C) After Buyer signs and seal and returns. Buyer’s bank must confirm availability of the Financial Instruments (BCL) to the Seller’s bank and their readiness to issue.
D) Seller forwards Final Sales Contract signed and sealed to Buyer with soft POP in case buyer offers RWA.
E) Seller issues and Intermediaries sign IMFPA.
F) Buyer opens the Financial Instrument (DLC/BG), Non-Operative and pending the receipt of the Performance Bond (PB). Seller’s bank confirms Proof of Product (POP) to Buyer’s bank. G) Seller agrees that the 2% Performance Bond (PB) will be activates the Financial Instruments (DLC/BG) after receipt of the Buyer’s NON-Operative Financial Instruments.

 PORT INSPECTION: Seller sends Invitation to Buyer for port inspection, SGS, CCIC, B/L. All certificates or documents will be issued at the port of loading.
 YARD VISIT: Buyer’s bank issue operative Bank instrument (MT700 or MT760) to Seller, Seller sends invitation to Buyer for yard visit. MT700 or MT760 as evidence of the financial capability to engage in a particular transaction.

H) The first shipment will commence no later than (45) days from date of issued Operative Letter of Credit. The remaining consignments will be shipped in each (30) day periods.
I) Effect of payment for each consignment shall be effect within three (3) banking days after receipt by the Seller’s Advising Bank of all documents required for payment.

PORTLAND CEMENT

THE OFFER IS NOT VALID UNTILL FURTHER NOTICE FROM SELLERS

Commoditiy: Ordinary Portland cement

Specification:
GREY PORTLAND CEMENT OPC 42.5 N
GREY PORTLAND CEMENT OPC 42.5 R

Price: CIF
Spot Orders of 12,500mt & 25,000mt ; USD 95
150K = 12,500 X 12 months ; USD 93
300K = 25,000 X 12 months ; USD 92
600K = 50,000 X 12 months ; USD 90
1.0M = 100,000 X 12 months ; USD 89
2.4M = 200,000 X 12 Months ; USD 87
3.6M = 300,000 X 12 months ; USD 84
6.0M = 500,000 X 12 months ; USD 82
12.0M 1,000,000 X 12 months ; USD 78
(Commission of 2 dollar is included for buyer side)

- Portland Cement ... OPC 32.5 N/R = minus USD 1
- Portland Cement ... OPC 52.5 N/R = plus USD 5*
SABS for South Africa = plus USD $3


(We do all certificates for ALL countries)

Payment instuments.
Transferable Fully Funded Letter of Credit.
OR
Transferable Revolving Documentary Letter of Credit

Packing; 50KG BAGS

PROCEEDURES:
1}Buyer issue LOI with soft probe.
2}Seller issue FCO with DRAFT.
3}Buyer & Seller sign the Draft with mutual understandings and exchange the signed ,sealed copies.
4}Buyer bank swift the MT760 to sellers bank.
5}Within 5 days, seller bank revert with soft POP & 2% PB preadvise.
6}Buyer bank issue operative Transferable LC to activate the PB, seller issue the full POP.
7}Shipment commence as per contract.

JP 54

OFFER VALIDITY 31ST January

*All the prices quoted are adjustable without prior notice, subject to market fluctuation

PRODUCT:
Aviation Kerosene Colonial Grade 54 Jet Fuel JP 1A

SPECIFICATIONS:The quality of the Gas Oil is standard for RUSSIAN AVIATIONKEROSENE COLONIAL GRADE 54 JET FUEL JP 1A.

ORIGIN:Russia

PRICE:
Seller’s net price 1) Payable at sight/loading port Transferable DLC/BG

300,000 mton x 12 == USD 755
500,000 mton x 12 == USD 760

COMMISSION:Commission of 5 dollars for buyer side is included.

INCORTERM:CIF ASWP. CIF mean that it include all costs to destination port paid by seller

PB:2% max. Seller opens 2% PBG after receiving in Sellers Bank non- operative LC from the Buyer.Not allow upfront PB.

PAYMENT TERMS:By the IRREVOCABLE, TRANSFERABLE, REVOLVING DOCUMENTARY LETTER OF CREDIT, Issued and confirmed by one of 50 WORLD PRIME BANK and payable 100% at sight against SGS inspection report with shipping document which is seller provide.Documentary Letter of Credit covered by the price of monthly batch.

INSPECTION:SGS, CCIC certificates of quality and quantity, radioactivity and al shipping documents listing in the Contract would be issued in the port of loading.

POP:Seller give POP before buyer’s payment instrument.

DESTINATION PORT:Any Safe World Port, to be determined by Buyer

DELIVERY PERIOD:30 to 45 Days after receipt of Operative LC/BG for the First Shipment and 30 Days for subsequent shipments

DOCUMENTS FOR PAYMENT:
{1}Bill of Lading - 3 first copies and 3 original copies;
{2}Commercial Invoice (indicating the net-quantity as per the B/L) - 3 first copies and 1 original copy;
{3}Certificate of Origin, issued by Russian Government - 1 first copy and 3 original copies;
{4}Assay Certificate duly signed by Russian Government - 3 first copies;
{5}Certification of Weight and Quality, issued by inspection organization appointed by the Buyer at port of discharge;
{6}Export permit certificate from the country of origin;
{7}Beneficiary’s certificate confirming that copies of all shipment dates were sent to Buyer’s Bank and the Hard Copies have been sent by (DHL) or similar;
{8}Packing list showing gross/net weight and number of ocean bill of Lading;

PROCEDURES:Procedure shall be in accordance with the chronological procedure and rules promulgated by the International Chamber of Commerce (ICC), Paris, France for the sale and purchase of crude oil and petroleum products.

{1}Buyer’s issues LOI or ICPO on company Letter head with permission for Soft Probe.
{2}Seller issues FCO or Draft Contract in the name of Buyer and the Buyer signs seal and return to Seller with BCL or BRL.- BCL/BRL is buyer option.
{3}Before Buyer signs and seal and returns. Seller sends past POP directly to buyer as refer in above POP article.- Past POP is seller option against buyer’s BRL/BCL.
{4}Seller forwards Final Sales Contract signed and sealed to Buyer.
{5}Seller issues and Intermediaries sign IMFPA.
{6}Buyer opens the pre-advice DLC/BG.
{7}Within 3 banking days, Seller’s sends soft Proof of Product (POP) along with non operative PB to buyer.
{8}The buyer’s BG/DLC shall be activated automatically.
{9}Seller bank response and swift PROOF OF PRODUCT to Buyer bank. From the date of operative Performance Bond 2% receipt in Buyer’s Bank.
{10}Seller agrees that the 2% Performance Bond (PB) will be activates the Financial Instruments after receipt of the Buyer’s Operative Financial Instruments. PORT INSPECTION: Seller sends Invitation to Buyer for port inspection, SGS, CCIC, B/L. All certificates or documents will be issued at the port of loading.
{11}The first shipment will commence no later than (45) days from date of issued Operative Letter of Credit. The remaining consignments will be shipped in each (30) day periods.
{12}Effect of payment for each consignment shall be effect within Five banking days after all shipping documents. (In case of PAYBLE AT DESTINATION, the payment by Telegraphic Transfer within Five banking days after arriving vessel in unloading port upon NOR -Notice of readiness- and presentation to the Buyers Bank full set of documents required for payment listed in the Contract )

D2 spot-Abolished

Offer has been cancelled by the sellers untill further notice

PRODUCT:Russian Diesel Fuel L.0.2/62

SPECIFICATIONS:GOST 305-82

ORIGIN:Russia / CIS

PRICE: CIF ASWP / Payable at loading port.
50,000 mton x 1 = USD 660
100,000 mton x 1 = USD 655
200,000 mton x 1 = USD 650
300,000 mton x 1 = USD 640
500,000 mton x 1 = Ask

†Commission of 5 dollars for buyer side is included.
†Non-transferable terms of payment should be increased 5 dollars.

INCORTERM:CIF ASWP. CIF mean that it include all costs to destination port paid by seller

PB:2% max. Seller opens 2% PBG after receiving in Sellers Bank non-operative LC from the Buyer.Not allow upfront PB.

PAYMENT TERMS:By the IRREVOCABLE, TRANSFERABLE (NON-TRANSFERABLE), DOCUMENTARY LETTER OF CREDIT, Issued and confirmed by one of 50 WORLD PRIME BANK and payable 100% at sight against SGS inspection report with shipping document which is seller provide.
-.Documentary Letter of Credit covered by the price of a shipment.
-.One time transfered DLC is Not acceptable.
-.DLC of Chinese bank should be confirmed in European bank.

INSPECTION:SGS, CCIC certificates of quality and quantity, radioactivity and al shipping documents listing in the Contract would be issued in the port of loading.

POP:Seller give POP before buyer’s payment instrument.

DESTINATION PORT:Any Safe World Port, to be determined by Buyer

DELIVERY PERIOD:30 to 45 Days after receipt of Operative LC/BG for the First Shipment.

PROCEDURES:Procedure shall be in accordance with the chronological procedure and rules promulgated by the International Chamber of Commerce (ICC), Paris, France for the sale and purchase of crude oil and petroleum products.

{1}Buyer’s issues LOI or ICPO on company Letter head with permission for Soft Probe.
{2}Seller issues FCO or Draft Contract in the name of Buyer and the Buyer signs seal and return to Seller with BCL or BRL. - BCL/RWA is buyer option.
{3}Before Buyer signs and seal and returns. Seller sends past POP directly to buyer as refer in above POP article. - Past POP is seller option against buyer’s BCL/RWA. If buyer not issue fresh BCL/RWA. Do not ask seller POP.
{4}Seller forwards Final Sales Contract signed and sealed to Buyer.
{5}Seller issues and Intermediaries sign IMFPA.
{6}Buyer opens the non-operative DLC.
{7}Within 3 banking days, Seller’s sends soft Proof of Product (POP) along with non operative PB to buyer.
{8}The buyer’s DLC shall be activated automatically.
{9}Seller bank response and swift PROOF OF PRODUCT to Buyer bank. From the date of operative Performance Bond 2% receipt in Buyer’s Bank.
{10}Seller agrees that the 2% Performance Bond (PB) will be activates the Financial Instruments after receipt of the Buyer’s Operative Financial Instruments. PORT INSPECTION: Seller sends Invitation to Buyer for port inspection, SGS, CCIC, B/L. All certificates or documents will be issued at the port of loading.
{11}The shipment will commence no later than (45) days from date of issued Operative Letter of Credit.{12}Effect of payment for each consignment shall be effect within Five banking days after all shipping documents.

M100-75

Term of validity 31ST January

*All the prices quoted are adjustable without prior notice, subject to market fluctuation

PRODUCT:Russian Mazut M100

SPECIFICATIONS:GOST 10585-75

ORIGIN:Russia / CIS

PRICE:CIF ASWP / Payable at loading port. [UPDATE ON 6TH DEC 2007]
50,000 mton x 12 = USD 485
100,000 mton x 12 = USD 480
300,000 mton x 12 = USD 470
500,000 mton x 12 = USD 460
1,000,000 mton x 12 = USD 450

†Commission of 5 dollars for buyer side is included.
†Non-transferable terms of payment should be increased 10 dollars.

PAYMENT TERMS:By the IRREVOCABLE, TRANSFERABLE (NON-TRANSFERABLE), REVOLVING DOCUMENTARY LETTER OF CREDIT, Issued and confirmed by one of 50 WORLD PRIME BANK and payable 100% at sight against SGS inspection report with shipping document which is seller provide.Documentary Letter of Credit covered by the price of monthly batch.


INCORTERM:CIF ASWP. CIF mean that it include all costs to destination port paid by seller

PB:2% max. Seller opens 2% PBG after receiving in Sellers Bank non- operative LC from the Buyer.Not allow upfront PB.


INSPECTION:SGS, CCIC certificates of quality and quantity, radioactivity and al shipping documents listing in the Contract would be issued in the port of loading.

POP:Seller give POP before buyer’s payment instrument.

DESTINATION PORT:Any Safe World Port, to be determined by Buyer

DELIVERY PERIOD:30 to 45 Days after receipt of Operative LC/BG for the First Shipment and 30 Days for subsequent shipments

DOCUMENTS FOR PAYMENT:
{1}Bill of Lading - 3 first copies and 3 original copies;
{2}Commercial Invoice (indicating the net-quantity as per the B/L) - 3 first copies and 1 original copy;
{3}Certificate of Origin, issued by Russian Government - 1 first copy and 3 original copies;
{4}Assay Certificate duly signed by Russian Government - 3 first copies;
{5}Certification of Weight and Quality, issued by inspection organization appointed by the Buyer at port of discharge;
{6}Export permit certificate from the country of origin;
{7}Beneficiary’s certificate confirming that copies of all shipment dates were sent to Buyer’s Bank and the Hard Copies have been sent by (DHL) or similar;{8}Packing list showing gross/net weight and number of ocean bill of Lading;

PROCEDURES:Procedure shall be in accordance with the chronological procedure and rules promulgated by the International Chamber of Commerce (ICC), Paris, France for the sale and purchase of crude oil and petroleum products.

{1}Buyer’s issues LOI or ICPO on company Letter head with permission for Soft Probe.
{2}Seller issues FCO or Draft Contract in the name of Buyer and the Buyer signs seal and return to Seller with BCL or BRL.- BCL/BRL is buyer option.
{3}Before Buyer signs and seal and returns. Seller sends past POP directly to buyer as refer in above POP article.- Past POP is seller option against buyer’s BRL/BCL.
{4}Seller forwards Final Sales Contract signed and sealed to Buyer.
{5}Seller issues and Intermediaries sign IMFPA.
{6}Buyer opens the pre-advice DLC/BG.
{7}Within 3 banking days, Seller’s sends soft Proof of Product (POP) along with non operative PB to buyer.
{8}The buyer’s BG/DLC shall be activated automatically.
{9}Seller bank response and swift PROOF OF PRODUCT to Buyer bank. From the date of operative Performance Bond 2% receipt in Buyer’s Bank.
{10}Seller agrees that the 2% Performance Bond (PB) will be activates the Financial Instruments after receipt of the Buyer’s Operative Financial Instruments. PORT INSPECTION: Seller sends Invitation to Buyer for port inspection, SGS, CCIC, B/L. All certificates or documents will be issued at the port of loading.
{11}The first shipment will commence no later than (45) days from date of issued Operative Letter of Credit. The remaining consignments will be shipped in each (30) day periods.
{12}Effect of payment for each consignment shall be effect within Five banking days after all shipping documents.

REBCO

PRODUCT: Russian Export Blend Crude Oil (REBCO)

SPECIFICATIONS: GOST 51858-2002.

ORIGIN: Russia

PRICE: “PLATT’s CRUDE OIL MARKETWIRE” for URAL FOB-MED

DISCOUNT:
1) Transferable bank instrument
3,000,000 bbls x 12 ; - US$ 5 gross / - US$ 3 net
5,000,000 bbls x 12 ; - US$ 5 gross / - US$ 3 net
10,000,000 bbls x 12 ; - US$ 6 gross / - US$ 4 net
30,000,000 bbls x 12 ; - US$ 7 gross / - US$ 5 net
50,000,000 bbls x 12 ; - US$ 7 gross / - US$ 5 net

2) Non Transferable bank instrument
3,000,000 bbls x 12 ; - US$ 3 gross / - US$ 1 net
5,000,000 bbls x 12 ; - US$ 3 gross / - US$ 1 net
10,000,000 bbls x 12 ; - US$ 4 gross / - US$ 2 net
30,000,000 bbls x 12 ; - US$ 5 gross / - US$ 3 net
50,000,000 bbls x 12 ; - US$ 6 gross / - US$ 4 net

COMMISSION: US$ 1.00 per bbls to Seller side (Close)/US$ 1.00 per bbls to Buyer side (Open)

INCORTERM: CIF ASWP. CIF mean that it include all costs to destination port paid by seller

PB: 2% max. Seller opens 2% PBG after receiving in Sellers Bank non- operative BG/LC from the Buyer. Not allow upfront PBG.

PAYMENT TERMS: By Irrevocable, confirmed, fully funded, transferable and revolving Documentary Letter of Credit on the one month delivery payable 100% at sight after presentation to the Buyers Bank full set of Documents required for payment with validity of 12 + 3 months (in case of delay) Or by TT paymentprotected by Bank Guarantee MT760 on the amount of one month delivery in 7 days after receiving by Buyers bank full set of Document required for payment indicated in the Contract.

INSPECTION: SGS, CCIC certificates of quality and quantity, radioactivity and all shipping documents listing in the Contract would be issued in the port of loading.

POP: Seller give POP before buyer’s payment instrument.

DESTINATION PORT: Any Safe World Port, to be determined by Buyer

DELIVERY PERIOD: 30 to 45 Days after receipt of Operative LC/BG for the First Shipment and 30 Days for subsequent shipments

PROCEDURES: Procedure shall be in accordance with the chronological procedure and rules promulgated by the International Chamber of Commerce (ICC),Paris, France for the sale and purchase of crude oil and petroleum products.

{1} Buyer’s issues LOI or ICPO on company Letter head with permission for Soft Probe.
{2} Seller issues FCO or Draft Contract in the name of Buyer and the Buyer signs seal and return to Seller.
{3} After Buyer signs and seal and returns.
{4} Seller forwards Final Sales Contract signed and sealed to Buyer.
{5} Seller issues and Intermediaries sign IMFPA.
{6} Buyer opens the non operative Financial Instrument (DLC) or pre-advice Bank Guarantee.{7} Within 3 banking days, Seller’s sends soft Proof of Product (POP) along with non operative PB to buyer.
{8} The buyer’s Financial Instrument (DLC) or Bank Guarantee shall be activated automatically.
{9} Seller bank response and swift PROOF OF PRODUCT to Buyer bank. From the date of operative Performance Bond 2% receipt in Buyer’s Bank.
{10} Seller agrees that the 2% Performance Bond (PB) will be activates the Financial Instruments (DLC) after receipt of the Buyer’s Operative Financial Instruments.
{11} The first shipment will commence no later than (45) days from date of issued Operative Letter of Credit. The remaining consignments will be shipped in each (30) day periods.
{12} Effect of payment for each consignment shall be effect within three (3) banking days after receipt by the Seller’s Advising Bank of all documents required for payment.

LNG PROJECT

Term of validity 31ST January

*All the prices quoted are adjustable without prior notice, subject to market fluctuation

Allocation of 1 million mton defined, and can be confirmed by the Producer/supplier’s proof document.
Buyer’s BCL is required for seller’s proof document provides, and allocation proof can not be sent without proof of buyer’s transaction ability.Buyerwho there is no BCL, they can progress by ‘offer of ordinary terms and conditions’.

PRODUCT: LNG (Liquefied Natural Gas)

SPECIFICATIONS: International standard.

ORIGIN: Turkmenistan (NEFTEGAS/GAZPROM)

PROJECT QUANTITY: 1,000,000 mton per mton for one year (minimum 500,000 mton per month)

NET PRICE:
1M x 12 = USD 550 / CIF
500K x 12= USD 560 / CIF

COMMISSION: Buyer side commission is NOT included in net price.

INCORTERM:CIF ASWP.

PB: 2% (Two Percent) Performance Bond (PB) of the financial instrument, issued within five (5) banking days after receipt of the buyer’s payment instrument.

PAYMENT TERMS: 20% Cash plus 80% DLC.
a) 20% Cash ; By the cash remittance via telegraphic transfer (TT) to seller bank after seller’s bank guarantee of protection letter.
b) 80% DLC ; By the IRREVOCABLE, TRANSFERABLE, REVOLVING DOCUMENTARY LETTER OF CREDIT, Issued and confirmed by one of 50 WORLD PRIME BANK and payable 100% at sight against SGS inspection report with shipping document which is seller provide.

POP: See the procedure.

LOADING PORT: Novorossiysk, Russia [map]

DESTINATION PORT: Any Safe World Port, to be determined by Buyer

DELIVERY PERIOD: 45 to 60 Days after receipt of Operative BG for the First Shipment and 30 Days for subsequent shipments

PROCEDURES:
{1} Buyer issues LOI/ICPO with bank endorsement. or Buyer sends business confirm letter with BCL after notarized.
{2} After approval by the Seller, Seller shall obtain NEFTEGAS/GAZPROM allotment approval which relate in transaction. Also, seller shall have Turkmenistan government’s approval for authentication of export.All of it will be present to buyer as confirmation.
{3} Seller issues a draft contract.
{4} Buyer will return signed contract via scanned email attachment within 48 hours.
{5} Seller will countersign contract and return to buyer via scanned email attachment.
{6} Buyer shall issue pre advice DLC/BG of 100% in favor of the Seller’s bank account valid for 13 months. It should be written clearly that pay cash of 20% after {7} clause procedure to buyer bank’s Pre-advice instrument.
{7} Within five banking days, seller will issue non-operative 2% PB of 100% DLC value on favor of buyer to be active it when buyer issue DLC/BG.Seller bank sends LETTER OF INDEMNITY for cash of 20% at the same time via swift.
{8} Buyer lets out Operative DLC/BG of 80% from the top primary bank to seller bank within five banking days from issue date of Seller bank non-operative 2% PB (MT799) SWIFT. Also, buyer sends cash of 20% after verify LETTER OF INDEMNITY.
{9} Seller issues the PERFORMANCE BOND GUARANTEE on 2% within five banking days after buyer’s Operative DLC/BG and seller provide the complete POP within five banking day via KTT.
{10} The first shipment will commerce no later than 60 days from date issued of the operative DLC/BG.
{11} Buyer’s payment shall be effected within five banking days by PAYMENT CONDITION

D2

VALIDITY - 31ST January

*All the prices quoted are adjustable without prior notice, subject to market fluctuation

PRODUCT:Russian Diesel Fuel L.0.2/62

SPECIFICATIONS:GOST 305-82

ORIGIN:Russia / CIS

PRICE:CIF ASWP

1) Transferable DLC or BG / Payable at loading port.

25,000 mton x 12 = USD 610

30,000 mton x 12 = USD 610

50,000 mton x 12 = USD 605

100,000 mton x 12 = USD 600

300,000 mton x 12 = USD 590

500,000 mton x 12 = USD 550

1,000,000 mton x 12 = USD 540

2) Non-Transferable DLC / Payable at loading port.

25,000 mton x 12 = USD 650

30,000 mton x 12 = USD 645

50,000 mton x 12 = USD 630

100,000 mton x 12 = USD 620

300,000 mton x 12 = USD 605

500,000 mton x 12 = USD 590

1,000,000 mton x 12 = USD 580

3) Transferable BG / SBLC ONLY/ Payable at Discharge port.

25,000 mton x 12 = USD 630

30,000 mton x 12 = USD 630

50,000 mton x 12 = USD 625

100,000 mton x 12 = USD 620

300,000 mton x 12 = USD 610

500,000 mton x 12 = N/A

1,000,000 mton x 12 = N/A

†Commission of 5 dollars for buyer side is included.

INCORTERM:CIF ASWP. CIF mean that it include all costs to destination port paid by seller.

PB:2% max. Seller opens 2% PBG after receiving in Sellers Bank non- operative LC from the Buyer.Not allow upfront PB.

PAYMENT TERMS:By the IRREVOCABLE, TRANSFERABLE (NON-TRANSFERABLE), REVOLVING DOCUMENTARY LETTER OF CREDIT, Issued and confirmed by one of 50 WORLD PRIME BANK and payable 100% at sight against SGS inspection report with shipping document which is seller provide.Documentary Letter of Credit covered by the price of monthly batch.

INSPECTION:SGS, CCIC certificates of quality and quantity, radioactivity and al shipping documents listing in the Contract would be issued in the port of loading.

POP:Seller give POP before buyer’s payment instrument.

DESTINATION PORT:Any Safe World Port, to be determined by Buyer

DELIVERY PERIOD:30 to 45 Days after receipt of Operative LC/BG for the First Shipment and 30 Days for subsequent shipments

DOCUMENTS FOR PAYMENT:
{1}Bill of Lading - 3 first copies and 3 original copies;
{2}Commercial Invoice (indicating the net-quantity as per the B/L) - 3 first copies and 1 original copy;
{3}Certificate of Origin, issued by Russian Government - 1 first copy and 3 original copies;
{4}Assay Certificate duly signed by Russian Government - 3 first copies;
{5}Certification of Weight and Quality, issued by inspection organization appointed by the Buyer at port of discharge;
{6}Export permit certificate from the country of origin;
{7}Beneficiary’s certificate confirming that copies of all shipment dates were sent to Buyer’s Bank and the Hard Copies have been sent by (DHL) or similar;{8}Packing list showing gross/net weight and number of ocean bill of Lading;

PROCEDURES:Procedure shall be in accordance with the chronological procedure and rules promulgated by the International Chamber of Commerce (ICC), Paris, France for the sale and purchase of crude oil and petroleum products.

{1}Buyer’s issues LOI or ICPO on company Letter head with permission for Soft Probe.
{2}Seller issues FCO or Draft Contract in the name of Buyer and the Buyer signs seal and return to Seller with BCL or BRL.- BCL/BRL is buyer option.
{3}Before Buyer signs and seal and returns. Seller sends past POP directly to buyer as refer in above POP article.- Past POP is seller option against buyer’s BRL/BCL.
{4}Seller forwards Final Sales Contract signed and sealed to Buyer.
{5}Seller issues and Intermediaries sign IMFPA.
{6}Buyer opens the pre-advice DLC/BG.
{7}Within 3 banking days, Seller’s sends soft Proof of Product (POP) along with non operative PB to buyer.
{8}The buyer’s BG/DLC shall be activated automatically.
{9}Seller bank response and swift PROOF OF PRODUCT to Buyer bank. From the date of operative Performance Bond 2% receipt in Buyer’s Bank.
{10}Seller agrees that the 2% Performance Bond (PB) will be activates the Financial Instruments after receipt of the Buyer’s Operative Financial Instruments. PORT
INSPECTION: Seller sends Invitation to Buyer for port inspection, SGS, CCIC, B/L. All certificates or documents will be issued at the port of loading.
{11}The first shipment will commence no later than (45) days from date of issued Operative Letter of Credit. The remaining consignments will be shipped in each (30) day periods.
{12}Effect of payment for each consignment shall be effect within Five banking days after all shipping documents.