Russian Mazut M100, D2, JP54, Bitumen

Origin : Russia

Payment : Standby L/C or MT103

Commodity: Russian D2 DIESEL GAS OIL L-0.2-62 GOST 305-82

100,000 – 200,000 MT X 12 Months

Commodity: Russian MAZUT M100 GOST 10585 – 75 & 99

150,000 – 250,000 MT X 12 Months

Commodity: Russian JET FUEL AVIATION KEROSENE Colonial Grade JP 54

5 Million Bbl / 10 Million Bbl X 12 Months

Commodity: Russian Export BLEND CRUDE OIL (REBCO)

10 Million Bbl / 30 Million Bbl X 12 Months

Commodity: Russian BASE OIL

5 Million Bbl / 20 Million Bbl X 12 Months

Commodity: Russian LPG – 50/50 PROPANE AND BUTANE MIX

Under 150,000 MT / Over 200,000MT X 12 Month

Commodity: Russian BITUMEN (PETROLEUM ASPHALT 60/70 & 80/100

50,000 - 200,000 MT X 12 Months of BITUMEN (PETROLEUM ASPHALT)
SALES AND BANKING PROCEDURES*
1. Buyer sends ICPO with complete banking details to RUSSNEFT OIL AND GAS COMPANY, with
a. Copy of Buyer’s Company Certificate of Incorporation
b. Copy of Buyer’s assignee’s international passport; and
c. Proof of Funds such as Bank reference letter or BCL (Bank Comfort Letter).
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2. Seller sends Draft Contract open for amendment for Buyer’s approval and signature.
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3. Buyer returns Draft Contract to Seller unsealed, for Seller to counter-sign and seal for approval.
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4. Seller sends Final Contract to Buyer, and both Seller and Buyer will lodge with their respective banks.
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5. Buyer requests by Swift/Fax or Telephone, confirmation of POP by Seller’s bank.
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6. Seller’s bank responds to the Buyer’s bank by Swift/Fax or Telephone, confirmation that they are in possession of FULL POP Documents of total of Liftable product, including the Dip Test Authorization that is available in the tank.
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7. Buyer’s bank issues RWA letter, and Seller issues Commercial Invoice, Company Registration, Export License, Tanker Bill of Lading, Statement of Availability of the Russian Ministry of Energy as part of Partial Proof of Product document.
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8. Buyer lodges MT 103/23 into Seller’s bank.
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9. Seller’s bank Swift to Buyer’s bank the Full POP + 2% PB and Dip Test Authorization with SGS in less than twenty-four (24) hours, of total Liftable product in Buyer’s name.
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10. Payment is made by Standby Letter of Credit or MT103.
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11. Title is transferred to Buyer (Owner), and all mandates and brokers are settled as agreed.
(*NOTE: These PROCEDURES are non-negotiable.)