CRUDE OIL / сырая нефть

Тип предложения / Предлагаю продукцию, услугу

Product: CRUDE OIL / сырая нефть

Origin: Russia (Seller's option)

Loading Port: Kozmino

Quantity: Shipment 2 000 000 BBLS per month x 12 months

Price: 12 USD / Net: 10 USD minus Platts

Commission:Seller’s side - 1 USD closed; Buyer’s side - 1 USD opened

Terms:CIF

Discharging Port: ASWP

SELLER’S CIF TRANSACTION PROCEDURE:

1. Buyer issues an official ICPO, with complete banking information and CIS.

2. Seller issues the Draft Contract. Buyer and Seller sign the Contract in electronic signatures.

3. Within 24 Hours of signing the Contract, it must be lodged into respective bank by both parties.

4. Within Ten (10) banking days, Buyer will issue DLC via SWIFT MT700 to Seller's bank account.

Seller will respond with 2% performance bond. Seller signs NCNDA/ IMFPA with intermediaries for

non disclosure.

Payment option: Should Buyer be unable to issue DLC, Buyer can issue BCL and pay a minimum

deposit to Caspian Oil & Gas account, to enable Seller charter the vessel to commence loading. Which

the deposit to be deducted from the final payment at discharge port.

5. Seller commences loading of the cargo during the approved laycan terminal window. Upon completion

of loading, Seller arranges the SGS Inspection for determination of quantity and quality of loaded

product, and send full (POP) copies of cargo loading and transport documents to Buyer.

6. Upon arrival of cargo to the Buyer's destination, the SGS / CCIC inspection team will conduct

the inspection, within 48 (Forty Eight) hours, Buyer will release T/T payment of the full value

of the cargo according to the issued invoice (reflecting quantity of post-load SGS report).

7. Upon receiving Buyer's payment, the Seller transfers Product Title Ownership to Buyer, and releases

original shipping documents to the Buyer and payment of commissions to be paid out immediately

upon receipt of payment from the Buyer.

8. Second and subsequent months' deliveries are carried out on CIF basis, and Buyer issues DLC via

SWIFT MT700 to Seller’s Bank to cover the full amount of each month's delivery.