TRANSACTION TERMS AND CONDITIONS: DELIVERY: FOB / CIF any safe world port.

TRANSACTION TERMS AND CONDITIONS: DELIVERY: FOB / CIF any safe world port.
PERFORMANCE BOND: 2% operative PB will be issued from Seller’s bank to Buyer’s bank upon
receipt of buyer’s financial instrument in Seller’s bank.
QUALITY: Q&Q test report will be conducted at the loading port by SGS or Equivalent at the expense
of the seller company.
PRODUCTS ORIGIN: Russia Federation.
General Note: The price for each commodity includes $10 USD commission for Seller.
RUSSIA ORIGIN MAZUT M100 GOST -10585-75/99
Minimum Quantity: 50,000 Metric Tons per Month
Maximum Quantity: 500,000 Metric Tons per Month
Price: Gross $430.00 USD / $420.00 USD NET on CIF/ASWP
Price: Gross $420.00 USD / $410.00 USD NET on FOB/Vladivostok/Novorossiysk
COLOMÊNTERNATIONAimRRADING, LLC
STANDARD TRADING PROCEDURES:
1. Buyer confirm soft offer and all terms and procedure are accepted, buyer issue ICPO+BCL with
full banking and Company details address to Seller. With a letter stating buyers acceptance and
readiness to proceed with the transaction.
2. Seller confirms ICPO and issue FCO to the Buyer for signature and returned to seller.
3. Seller confirms signed FCO and issues draft contract to Buyer which is open for amendments.
4. Buyer return countersigned contract to Seller Company with a letter of acknowledgement and
scanned copies of the buyer’s company registration license and passport copy of buyer.
5. Seller issues to buyer the following documents: (1) Certificate of Product Ownership (2) Product
Passport (Dip Test Result). These documents are to be send via email to buyer after the buyer
signed and returned contract to acquire the certificate of product ownership with his company name
as the rightful owner of the allocation.
6. Upon registration of the hard copy contract, Seller will invite the buyer and his representative to
visit the seller office for the signing of the hard copy contract at the seller office in Moscow
(OPTIONAL).
7. Seller and Buyer finalize shipment schedule with the shipping company.
8. Seller bank issues Full POP and 2% performance Bond via SWIFT to Buyer Bank. Buyer Bank
reply with irrevocable revolving non-transferable documentary letter of credit to seller bank and the
signee names by means of prime 50 first world ranking banks guarantee Model ICC 458 acceptable
in written
by Buyer and if Seller Company fail to supply the cargo of the product this 2%PB will be paid to
buyer.
9. The SGS inspection will be borne by Seller Company at the loading port and Buyer at the
unloading port.
10. Delivery commence as scheduled. Buyer release payment to Seller Company via Swift Fund
Transfer within 5 banking days after the discharge of cargo and receipt of the entire relevant
shipping document for immediate negotiation and credited at Buyer’s Bank Account.
Kindly issue your ICPO+BCL/LOI upon acceptance of the above transacting terms and procedures.
Note:
When signing up to 20/12/2012 included in the proposal price will be fixed for 1 year (in the future price
will be adjusted based on market conjuncture). The contract may be extended for up to five years.
Our company will provide the supply of petroleum products for over 5 years, having signed with the
buyer NCND / MPFA for 5 years as a mandate Buyer.
Thank you for taking the time to read our letter .