Export Blend Crude GOST 51 858-2002 is a high-quality crude oil blend produced according to the Russian GOST standard. Known for its ideal composition and optimal refining properties, it is suitable for producing a wide range of petroleum products, offering excellent performance for refining processes.
Crude oil is a naturally occurring unrefined petroleum product that is made up of a mixture of hydrocarbons and other organic compounds It is the raw material that is used to produce a variety of refined petroleum products including gasoline diesel fuel and heating oil Crude oil is extracted from the earth through drilling and is transported to refineries where it is processed and refined into various products Crude oil has a wide range of physical properties Crude oil is made up of 845 carbon 13 hydrogen 13 sulfur and less than 1 each of nitrogen oxygen metals and salts
REBCO is a specific type of crude oil that is produced in Russia and the surrounding regions It is a highquality crude oil that is known for its low sulfur content and low viscosity The middle east light crude oil is also highquality crude oil The GOST 51 8582002 specification refers to the Russian standard for REBCO which outlines the crude oils characteristics and performance requirements Gost 51 858 2002 offers from exporters manufacturers suppliers wholesalers and distributors globally by price and quality of the oil
REBCO is an important commodity in the global energy market and it is carefully regulated to ensure that it meets the necessary standards for safety and performance Maximum Sulfur Content 18 Paraffin Content 60 Maximum Water Sediment Content 12 Distillation Weight 21 Up to 200 N min 21 Up to 300 N min 41 Up to 350 N min 50 and Maximum salts content MGL 100
Specifications: Standard Export Quality.
* Payment: By MT103/760
* Price/Commissions: Final price to Buyer is the Gross, including all commissions.
Commissions
* Payment is then made by Seller, who carries out all commissions transfers.
Contract: 12 Months with possible rollovers.
Inspection: SGS or similar
* CIF DLC or SBLC PROCEDURE
1. Buyer issues ICPO, company registration, I.D. and Top World Bank redacted Bank
Statement or equivalent
2. Seller issues Sales and Purchase Agreement (SPA).
3. Buyer signs and returns SPA.
4. Buyer's Bank issues a RWA letter to guarantee to issue an instrument on behalf of the Buyer within three working days after receiving the following PPOP.
5. Seller issues PPOP to Buyer including the following:
A. Copy of license to export issued by the Department of the Ministry of Energy.
B. Copy of approval to export issued by the Department of Ministry of Justice.
C. Copy of statement of availability of the product.
D. Copy of the refinery commitment to produce the product.
E. Copy of contract to transport the product to port
F. Copy of the port storage agreement
G. Copy of the charter party agreements to transport the product to the discharge port.
H. Tank Storage Receipt (TSR)
I. Q & Q by Current SGS report.
6. Buyer's bank issues operative Letter of Credit DLC MT 700 or SBLC MT-760
to Seller's fiduciary Bank account.
7. Seller issues 2% Performance Bond to Buyers bank.
8. Shipment Commences
9. On getting to Buyer's port of discharge, the Buyer's inspection team board the vessel and perform an inspection. Buyer sends SGS report to Seller.
10. Seller provides shipping document and a master commercial invoice to Buyer, within 3 banking days, Buyer makes the payment in full via MT 103/TT to Seller's Bank account.
RUSSIA EXPORT BLENDS CRUDE GOST 9965-76
Min. Quantity: 250,000 bbl Max. Quantity: 5,000,000 bbl per month
CIF Price: $46.00 Gross $44.00 Net
Origin: Russian Federation
Delivery: CIF ASWP with Rollover & Extension
Inspection: Q&Q test report will be conducted at the loading port by SGS or Equivalent at the expense of Seller and at Buyer's charge at discharge port.
Payment Instrument: SBLC/MT760, BG/SWIFT-MT760
Payable 100% by TT/MT103 at discharge port after CIQ/SGS
inspection
Performance Bond (PB): 2% PB to be issued by Seller's bank in favor of the Buyer
Commission: $2/bbl Seller side (closed) $2/bbl Buyer side (open)
