Commodity: Russian aviation kerosene colonial grade jp54 Origin: russia Quantity: 1, 000, 000 bbls liftable spot first month with possible rollover and extension. Price: fob $29.00 usd gross/$23.00 usd net per bbl Cif: $32.00 usd gross/$26.00 usd net per bbl Delivery: fob russian port or cif aswp Payment: sblc/mt103/tt for the value of the goods. Transaction procdures (fob dip & pay) 1. Buyer sends icpo to seller on receipt of seller's soft offer 2. Seller issues draft contract along with commercial invoice, buyer signs draft contract and returns to seller For final endorsement. 3. Seller issues below partial pop (ppop) documents; (a) refinery export license/certificate of company registration tax certificate (b) statement of product availability (c) certificate of origin of the product (d) refinery commitment and assurance letter 4. Buyer submits his tsa/tsr/atv and terminal injection clearance report from verifiable tank farm Compliant to russian transneft delivery logistics for seller's verification and confirmation. 5. Seller commence injection of the commodity to loading port and upon completion of product injection, Seller issues below full pop documents to buyer A. Dta- dip test authorization B. Authorization to sell (ats) C. Tank storage receipt of product purchased D. Product passport E. Fuel injection report 6. Buyer conducts dip test on the product quality and quantity analysis. 7. Upon positive dip test result on the product quality and quantity analysis seller issues to the buyer Sgs report including title of ownership certificate of the product in buyer's name to be followed by all Export documentation. 8. Buyer makes payment covering total value of the product by mt103 and shipping commences immediately. 9. Seller pays commission to all mandates and intermediaries involved in the transaction as may be agreed in the ncnd/imfpa.
180 Cst
