Russian Bitumen Grade 7090 80100 50/100

Description

(Offer Code: YM-C**2/BT)

RUSSIAN BITUMEN GRADE *0/*0, *0/**0, *0/**0 CIF ASWP

Origin: Russian Federation

Quantity:
Minimum: *0,**0 Metric Tons Per Month
Maximum: **0,**0 Metric Tons Per Month

CIF Price: Gross USD **0 Per MT / Net USD **0 Per MT

Incoterms: CIF ASWP

Contract Term: *2 Months Minimum (With Rolls and Extensions)

Payment Term: MT**3 covered by BG/SBLC via MT**0 or DLC MT**0

Inspection: By SGS/CIQ


CIF TRANSACTION PROCEDURE OPTION 1

1.  Buyer issues ICPO must be with buyer company letterhead and buyer banking information.

2.  Seller issues Draft Contract (open for any amendments) to Buyer. Buyer signs, seals and returns the Draft Contract to Seller for final endorsement with buyers company Information sheet CIS and buyers identity. Seller gives Partial proof of products and transports product to loading port.
a)  Refinery Commitment to Supply
b)  Certificate of Origin
c)  Statement of availability of product
d)  Product quality passport (Analysis test Report) By Russian standard gost R

3.  Within 5 banking days, Buyers bank sends Transferable or nontransferable Irrevocable Operative SBLC via MT**0 or DLC via MT**0 according to sellers fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment.

If buyer fails to issue payment instrument within 5 banking days, buyer will make cash deposit of $ **0,**0 by TT wire transfer for allocation and security guarantee to enable seller charters vessel and commences shipment, and this payment shall be deducted from the total cost of product after inspection at discharge port.

4.  Sellers Bank will issue Full POP Documents to the Buyers Bank alongside with the 2% Performance Bond (PB).
a)  Copy of license to export, issued by the department of the Ministry of Energy, Russian Federation
b)  Copy of Approval to Export, issued by the Ministry of Justice, Russian Federation
c)  Copy of statement of availability of the product
d)  Copy of the refinery commitment to produce the product
e)  Copy of Transnet contract to transport the product to the loading port
f)  Copy of the port storage agreement
g)  Copy of the charter party agreement to transport the product to discharge port
h)  Copy of Vessel Questionnaire *8
i)  Copy of Bill of Lading
j)  SGS Report at loading port
k)  Dip test Authorization (DTA) & ATB
l)  NOR /ETA
m)  Certificate of Ownership Transfer
n)  Allocation Transaction Passport Code Certificate (ATPCC) by Ministry of Energy

5.  Shipment commences as per signed contract delivery schedule and the shipment should arrive at buyers discharge port within ***5 days. The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the unloading seaport.

6.  Buyer releases payment to Seller by TT/MT**3 upon receipt of the shipping documents and confirmation of the Q & Q by SGS/CIQ at destination port.

7.  Seller pays commission within *8 hours by swift MT**3 to all intermediaries as signed NCNDA/IMPFA.


CIF TRANSACTION PROCEDURE OPTION 2

1.  Buyer sends LOI or ICPO to seller, seller responds with FCO, buyer signs and returns.

2.  Seller issues Draft Contract address to Buyer Company.

3.  Buyer reviews and signs on each page of full Draft Contract and return to Seller.

4.  Seller registers and legalizes the full Draft Contract with the Russian ministry on seller\'s cost and sends hard copies of registered and legalized Draft Contract along with Notarize partial POP to Buyer or buyers bank by courier on buyer charges, POP as stated below.
a)  Certificate of Origin of the product
b)  Company Registration
c)  Statement of Product Availability
d)  Export License
e)  Commitment to produce the product
f)  Attestation of allocation certificate
g)  Bill of lading / Q*8
h)  Analytical report, fresh SGS

5.  Upon the confirmation received of the partial POP to buyer\'s bank, Buyers Bank swifts stand by Letter of Credit or DLC. (DLC OR SBLC Conditional).

6.  After confirmation of the buyer payment instrument, Seller will issue to Buyers bank the full Shipment documents / full Proof of Product (POP) Plus 2% Performance Bond via swift bank to bank Upon acceptance of buyers payment instrument (DLC OR SBLC) covering the first trial shipment by seller.

7.  The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the Discharge Seaport.

8.  Shipment commences as per contract.

9.  Buyers bank upon arrival of the cargo at the discharge port, payment will be made for arrival Cargo shipment by the buyer via MT**3 **0% after SGS Inspection at Discharge port.

*0. Seller will release payments to the intermediaries involved according to IMFPA signed by all parties within *8 hours of receiving Payment of the product from the Buyer\'s bank, second shipment proceed accordingly.


Note:
- Procedure is non-negotiable.
- Prices are subject to change without prior notice.

For inquiry, please contact us for proceed further.