Supply of Diesel D2 GHOST*****2 from *0,**0MT/mth
to**0,**0/MT/mth.
Standard Procedure:
1. Buyer sends ICPO + Bank Coordinate with
a. The photocopy of buyer’s company certificate of
incorporation.
b. Scanned copy of buyer’s representative international
passport.
c. The buyer’s official letter of consent to issue SWIFT POF
(Pre adviceDLC) within *5 days upon receiving Soft Approved
Contract + POF Letterfrom Refinery
2. Seller sends Draft contract open for amendment for Buyer’s
approvaland signature.
3. Buyer returns Draft contract to Seller unsealed (normal
word file) forseller to countersign and seal for approval in
Russian Ministry of Energyat Seller Expense and lodge with the
respective bank (fiduciary accountat Seller’s bank)
4. Buyer bank issues swift Pre Advice DLC/ BG or MT **3/*3 as
BuyerPOF (proof of fund) to Seller bank for the confirmation of
buyer capabilityto purchase product and quantity mentioned (MT
**9/BCL not acceptedby seller bank to swift PB2% and POP to the
buyer bank)
5. Seller bank responds to Buyer’s bank by issuing via
SWIFTconfirmation of the product availability (PARTIAL POP -proof
of products)including NON-OPERATIVE PB (performance bond) 2% to the
sameBuyer bank.
Title Holder of Partial POP sends to End Buyer
a. Commercial Invoice
b. Export Licence
c. Company Registration Certificate
d. Tanker Bill of Lading
e. Statement of Availability product endorsed by Ministry of
Energy
6. Buyer bank to issue via SWIFT Operative DLC/SBLC / BG
MT **0 toSeller bank to activate NON-OPERATIVE PB2% to become
OPERATIVEPB2% and also Seller bank responds via SWIFT FULL POP in
*4 hoursto the same Buyer bank.
7. Seller loads the product to the buyer designated vessel as
perINCOTERM ***0 CIF.
8. Shipment commence as stated in the contract.
9. Payment is made by TT or MT **3 within Seven (7) days UPON
arrivalthe GOODS and CIQ Final Analysis at the Buyer Discharging
Port.
*0. Intermediaries are paid for each lift for the signed
contract and forroll-overs.
*1. Delay in signing the firm sales term sheet can make the
seller towithdraw the offer of sale or price might change.
For further details. Please email.
