Member of the Board of PJSC «Lukoil»
First executive Vice — President of PJSC «Lukoil»
Mr. Maganov Ravil Ulfatovich
March 31, 2016.
Via RAMOWORLD GROUP -IND
We, the undersigned, Company xxxxxxxxxx,on behalf of the member of the Director Mr.xxxxxxxxxx, acting on the basis of Charter, with the full corporate and legal responsibility as the Buyer, with legal authorities, on its own behalf, we submit the present Letter of Intent, for submit a next Purchase Order and confirm readiness to purchase the following commodities :
Name of goods :JP54
Origin of goods :Russian Federation
Specification of goods :According to GOST
Quantity of goods xxxxxx(xxxxxxxx) BBL/per Month. Xxxxxxx (xxxxxxxx) BBL/per Year.
Monthly deliveries :According to Schedule of deliveries.
Price LATTS 8 GROSS / 6 NET
Terms of transportation :
Point of destination : Rotterdam
Terms of payment : T/T, MT 103
Procedures for FOB Rotterdam Port
. Buyer issues ICPO with both Company Registration Certificate and commitment letter with the agreed seller procedures and Full banking detail and address to the sales and export department of the refinery through seller mandate.
. Seller issues Commercial Invoice (C.I.) to buyer upon acceptance of buyer’s ICPO and buyer sign and return back to Seller with an acceptance letter within 24 to 48 hours.
. Upon receipt of the signed Commercial Invoice (C.I.), Seller issues to buyer Partial Proof of Product (POP) as listed below for verification,
A. Certificate of Origin
B. Tank Storage Receipt (TSR)
C. Commitment Letter to Supply
D. Tank Storage Agreement (TSA)
E. Statement of Product availability
F. Product Passport (Analysis Report)
G. Conditional DTA, (Dip Test Authorization)
. Upon Verification of The Fuel, Buyer makes payment for the tank clearance or provides buyer’s Storage details (TSA & TSR) from the storage facility (Tank Farm) where the product is stored within 48 to 72 hours which Activates DTA.
. Upon confirmation of buyer’s payment for tank clearance or buyer’s provision of its storage details (TSA & TSR) from the storage facility (Tank Farm) where the product is stored, Seller issues to buyer DTA Approval for buyer to conducts its Dip Test.
. Buyer Conducts Dip Test and upon successful Dip Test, Seller Releases Full Title Transfer to the Buyer and the Buyer Release Payment To The Seller by TT / MT103 within 48-72 hours and Lifting Commence, Seller Issues To The Buyer, Title Of Ownership Certificate To Be Followed By All Export Required Documents and releases payment to all involved parties.
“BUYER IS EXPECTED TO INSERT THE REFINERY’S TERMS & TRANSACTION PROCEDURES AS ABOVE EITHER FOR FOB BASIS IN HIS ICPO FOR SELLER’S IMMEDIATE PROCEEDINGS”
Information about Buyer:
Name of Buyer :
Address of Buyer :
Responsible person :Mr.xxxxxx, Director
Mobile Phone :
Office Phone :
Office Fax :+
Information about Buyer’s Bank: