SOFT CORPORATE OFFER

The updated document:

• Commodity: Liquefied Petroleum Gas (LPG)
• Country of Origin: Russia Federation
• First lift/Trial:  50,000 Metric Tons
• Contract Quantity: 100,000 MT PER MONTH (12 months – R/E)
• Product Price: Gross US$ 270 per MT / Net 260 per MT
• Payment Guarantee: BG or SBLC via MT 760 as buyer POF (proof of fund). And final payment via T/T or MT 103 after successful DIP TEST and TITLE PASSES to the buyer.
• Performance Bond: 2% Performance Bonds after receiving POF issued by Buyer’s Bank.
• Loading Port: RUSSIA PORT ( NOVOROSSIYSK / UST LUGA / VLADIVOSTOK / KOZMINO)
• Destination Port: CIF ASWP                                                                                                                                                                                                                  CIF BANKING PROCEDURES (NON-NEGOTIABLE)

• 1. Buyer confirms soft offer and issues ICPO, Company Profile, Incorporation Certificate and Authorised Scanned passport of the buyer
• 2. After buyer documents verified and vett by refinery, SELLER will issues FCO to Buyer’s Irrevocable Corporate Purchase Order (ICPO). Buyer signs and returns FCO to the seller.
• 3. The seller issues draft contract to the buyer, Buyer endorses the Contract and return to seller.

• 4. Seller registers and legalizes the contract officially with the appropriate authorities to facilitate booking of allocation.
• 5. Seller sends to Buyer via government secured courier service, copy of Contract along with the Partial POP.                                                                     The Partial POP includes :

• • Certificate of Origin of the Product,
  • Statement of Product Availability,
  • Product Quality Passport (Dip Test Analysis),
  • Refinery Commitment to supply the Product,
  • Title Holder Certificate (Copy),
  • Tank Receipt (at loading port)

• 6. Both Parties Lodge the Final Contract with their Respective Banks. 
• 7. Buyer bank within Seven (7) banking days, send via Swift an IDLC via MT 700 / BG or SBLC via MT 760 to Seller nominated bank account.
• 8. Seller Bank issue via swift to buyer’s bank the full Proof of Product (POP). 2% PB (Performance Bond) to activate the POF (IDLC via MT 700 / BG or SBLC via MT 760)
• 9. Shipment commences as per signed contract delivery schedule.
• 10. Upon arrival of the cargo at the discharge port, payment will be made for the product by the buyer via T/T Wire transfer  after CIQ/SGS Inspection at discharge port and Seller releases payment to all intermediaries  involve as per the signed NCNDA/IMFPA within three banking days.  

LIQUEFIED PETROLEUM GAS SPECIFICATION 

DRAFT TEXT OF BANK GUARANTEE

• satoil.kz@gmail.com
• phone: +77073932888

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