PRODUCT: GAS OIL D2 L 0.2-62 GOST 305-82
ORIGIN: RUSSIAN FEDERATION.
TERMS OF DELIVERY: FOB NOVOROSSIYSK
QUANTITY: UP TO 50 000 METRIC TONN X 12 MONTH
PERIOD: 12 MONTH
PRICE: The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from the Platts Oilgram for gas oil D2 under the heading «Cargoes FOB Med Basis Italy» for each business day that it is determined during the contract month. Minus 20 US dollars /MT
INSPECTION: SGS or similar
1. The Buyer sends LOI with CP — 3 pages -must show their activities only in Oil business
2. In reply the Buyer receives FCO (Full Corporate Letter)+ Draft Contract.
3. The Parties agree signing, sign (with NCNDA-IMFPA), send copy to the Bank.
4. The bank of the Buyer within 3 (three) bank days after signing the Contract by the Seller and Buyer is-sues the letter (Pre-Advice) (MT-799) to the Bank of the Seller about the readiness to issue the financial instrument (letter of credit –SBLC), coordinated by the Seller and Buyer.
5. The seller within 3 (three) bank days, after reception of the letter (Pre-Advice) about readiness of release of the financial tool (SBLC), gives to the Buyer confirmation of presence of the goods (P OP).
6. Is not later than the 2nd bank days from the mo-ment of the nomination SBLC of the matched size, salesman lets out in the address of buyer 2% — РВ from the sum of letter of credit as the guarantee of the timely delivery of goods (MT 760)