Home | Mazut-100 Specification | Contact RUSSIA DO FOB, VENEZUELA DO FOB, CIF

RUSSIAN HEAVY OIL, MAZUT M100 GOST 10585/75

The Parties have concluded the present Contract as follows:

Whereas, the parties mutually accept to refer to the General Terms and Definitions, as set out by the INCOTERMS Edition 2000 with latest amendments, having the following terminology fully understood and accepted:

DEFINITIONS

Metric Ton A measure of weight equivalent to one thousand kilogram mass (1,000 kg).

Day Means a Calendar day, unless differently specified

Month Means a Gregorian calendar month

Calendar Quarter – Period equal to three (3) months and commencing on 1^st January, 1^st April, 1^st July and 1^st October

ASTM American Society for Testing and Materials, is the institute, internationally recognized, that approved all Standards, Tests and Procedures used in the Oil industry and to be referred in the Agreement to the latest revised edition with amendments in force to date.

Out – turn The quantity and quality of the product ascertained, according to the ASTM procedures, on completion of the discharge operations. The so determined out – turn quantity and quality is base on which amount will be computed for the payment of the product effectively delivered to the Buyer.

Bill of Lading The official document, issued at the load port after completion of the loading operations, stating, among other things, the ship’s loaded quantity, expressed in cubic meters (m3) and in metric tons (MT) per the definitions herein. This document has to be signed in original by the ship’s master and made out in accordance without the instruction hereinafter specified in the agreement.

Discharge Terminal The safe port / berth designated by the Buyer as final receiving destination.

FOB Freight On Board, strictly as referred to in the interpretations defined by the INCOTERMS Edition 2000 with latest amendments.

Banking Day Any day on which the bank opens for business in jurisdiction where the Parties are located.

Delivery Date The date mutually accepted by both Seller and Buyer as the date on which the nominated international Surveyor Company has ascertained the quantity and quality of the product pumped into the Buyer’s designated discharge terminal facilities under INCOTERMS 2000.

PLATTS - The organisation internationally recognised and accepted, who publish official quotations of Petroleum products on a daily basis.

Execution Date The date on which the Seller and Buyer receive their respective faxed copies of this agreement, or as may be indicated otherwise in the agreement.

Proof of Product Documentation to be provided by the Seller to the Buyer through corporate e-mail

Whereas, the parties mutually desire to execute the agreement which shall be binding upon, and to the benefit of, the parties, successors and assigns, in accordance with the jurisdictional law of the negotiated and fully executed contract with terms and provisions hereunder agreed upon.

International Independent Laboratory: # SGS – Societe Generale de Surveillance #

The flow on documentataion(RUSSIA-FOB ONLY)

PROCEDURES

1. Buyer issue LOI (Letter Of Intent) for Seller's acceptation of the Buyer.

2. Seller issues FCO to name of the Buyer.

3. Buyer issues ICPO and BCL (sealed of its bank and signed of its banks officer) only from TOP-25 World Prime Banks of rate AAA equal to first month's shipment dollar amount for Seller's verification.

4. The color copy of passport of signer of contract from Buyer side.

5. Seller issues draft contract.

6. Buyer signs and seals draft contract.

7. Buyer gets from Sellers side a officially invitation and arrives to the meeting.

8. Buyer during of meeting signs a hard copy of contract and will be present partial POP

9. The others follow terms in the signed contract.

Buyer first give order to Seller, then the Seller will, as holder of the state oil extra exports above quotas/resource in Russia, under
the received order get supplied to the Buyer the ordered amount directly from special appointed exporters company such the Gazprom Neft,Rosneft,Lukoil or
Surgutneftegas.

We can arrange meeting in Moscow with the VIPs and TOP s of Gazprom, Rosneft, Surgutneftegas and too with The Ministry of the Energy or Russian Government etc.! But it is will be possible only after Buyer first will be accepted and approved from the TOPs of Russia, also it means that first Buyer must get issued Letter of Intents to name of The Ministry of the Energy along with its funds proof POF issued form its bank( only top-25 prime worlds bank)!

The flow on documentataion (VENEZUELA FOB,CIF)

DELIVERY METHOD : IN BULK SHIPMENT

LOADING PORT : MARACAIBO PORT, VENEZUELA

INSPECTION : BY SGS AT SELLER'S ACCOUNT

PAYMENT GUARANTEE : BY BG / SBLC

PAYMENT TERMS : BY T/T AT UNLOADING PORT AFTER SGS INSPECTION

DELIVERY TIME : 35 - 40 DAYS AFTER ACTIVATION OF PAYMENT GUARANTEE

PROCEDURE

1. SELLER ISSUES SOFT OFFER

2. BUYER ISSUES ICPO WITH A BANK COMFORT LETTER ( BCL )

3. SELLER ISSUES FULL CORPORATE OFFER

4. BUYER SIGN AND RETURN FCO ACCEPTING THE OFFER AND IT'S TERMS AND CONDITION

5. SELLER ISSUES DRAFT CONTRACT OPEN FOR POSSIBLE AMENDMENT

6. BUYER REVIEW THE CONTRACT, SIGN AND THEN RETURN A COPY TO THE SELLER WITHIN 4 WORKING DAYS

7. BOTH PARTIES LODGE SIGNED CONTRACT IN TO THEIR RESPECTIVE BANKS

8. BUYER BANK ISSUES A PAYMENT GUARANTEE ACCEPTABLE TO SELLER'S BANK AND THEN PROVIDE A SWIFT COPY OF THE PAYMENT GUARANTEE TO THE SELLER.

9. SELLER ISSUES FULL POP TO BUYER'S BANK VIA SWIFT. THE FOLLOWING DOCUMENTS WILL BE GIVEN AS POP.

A. 1 COPY OF PRO-FORMA INVOICE

B. 1 COPY OF CERTIFICATE OF ORIGIN

C. 1 COPY OF COMMERCIAL INVOICE

D. 1 COPY OF BILL OF LADING

E. 1 COPY OF STORAGE AGREEMENT

F. 1 COPY OF SELLER'S LICENSE TO EXPORT

G. 1 COPY OF SELLER'S APPROVAL FOR EXPORT

H. 1 COPY OF SGS INSPECTION CERTIFICATE

10. SELLER CONDUCT SGS INSPECTION AND THEN LOAD PRODUCT ON THE VESSEL. VESSEL PROCEED TO DESTINATION PORT.

11. BUYER PAYS BY TELEGRAPHIC WIRE TRANSFER AFTER SGS INSPECTION AT UNLOADING PORT.

After completing all documents, seller welcome buyer visit refinery in Venezuela.

Gazprom, Rosneft, Surgutneftegas RUSSIA , VENEZUELA