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      You are in ::  Home > Aviation Fuel > Read
  Aviation Oil Read  
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Buy :: 70
News :: 9
CIF 2017-11-15
 
TRANSACTING TERMS
DELIVERY: CIF CONTRACT
PAYMENT TERM: Standby Letter of Credit (SBLC MT 760), T/T Wire, DLC or MT103.
PERFORMANCE BOND: 2% operative PB will be issued from Seller's bank to the buyer's bank
upon receipt of buyer's financial Instrument in Seller's bank (CIF 12 Months Contract Only).
QUALITY: Q&Q test report will be conducted at the loading port by SGS or Equivalent at the
expense of Buyer.
Commission Structure: 50% EACH BOTH SIDES I.E (Sellers Side 50% / Buyers Side 50%)
PRODUCTS ORIGIN: Russia Federation.

ALL AVAILABLE PRODUCTS
DIESEL GAS D2 OIL GOST 305-82 (SPOT/CONTRACT)
50,000 - 300,000 MT per Month x 12 Months
CIF PRICE - USD 240 Gross / 230 Net
RUSSIA EXPORT BLEND CRUDE GOST 51 858-2002 (SPOT/CONTRACT)
500,000 – 3,000,000 Bbl. per Month x 12 Months
CIF PRICE - USD 36 Gross / 30 Net
RUSSIA EXPORT BLEND CRUDE GOST 9965-76 (SPOT/CONTRACT)
500,000 – 3,000,000 Bbl. per Month x 12 Months
CIF PRICE - USD 37 Gross / 31 Net
MAZUT 100 GOST –10585-75 & 10585-99 (SPOT/CONTRACT)
500,000 – 3,000,000 MT per Month
CIF PRICE -USD 230 Gross / 220 Net
AVIATION KEROSENE TS1 /JP54 (SPOT/CONTRACT)
500,000 - 3,000,000 Bbl. per Month x 12 Months
CIF PRICE - USD 34 Gross / 30 Net
LIQUIDIFIED PETROLEUM GAS [LPG] GOST 20448 – 90 (SPOT/CONTRACT)
50, 000 - 300,000 MT per Month
CIF PRICE - USD 225 Gross / 215 Net
LIQUIDIFIED NATURAL GAS [LNG] (SPOT/CONTRACT)
50,000 - 300,000 MT per Month
CIF PRICE - USD 230 Gross / 220 Net
RUSSIA VIRGIN FUEL OIL D6 (SPOT/CONTRACT)
200,000,000 GALS – 800,000,000 GALS per Week
CIF PRICE - USD 0.76 Gross / 0.70 Net
DIESEL OIL EN590 (SPOT/CONTRACT)
100,000 MT – 2,000,000 MT
CIF PRICES USD $350 Gross / 340 Net

CIF CONTRACT TERMS & TRANSACTION PROCEDURES
1. Buyer issues ICPO with letter of acceptance to seller upon receipt of soft corporate offer.
2. Seller issues Sales and Purchase Agreement open for amendment for buyer review.
3. Buyer review draft agreement and returns sign copy in word format to seller.
4. Seller review contract acknowledged and return sealed to buyer for final execution.
5. Upon acceptance seller issues to buyer listed Part of Proof of Product approved by the
appropriate ministry.
A. CERTIFICATE OF ORIGIN
B. CHARTER PARTY AGREEMENT ISSUED BY THE LOGISTIC COMPANY.
C. CERTIFICATE OF CONFORMITY
D. COMPANY CERTIFICATE
E. STATEMENT OF AVAILABILITY OF PRODUCT
F. TITLE TRANSFER IN THE NAME OF CURRENT BUYER
G. QUALIITY AND QUANTITY REPORT (Q&Q)
H. TANK RECEIPT
6. Buyer and Seller agree on the terms and conditions of the signed contract and lodge with their
respective banks, Buyer clears the product and obtains the custom declaration in the name of
buyer at the Russian Port for final departure.
7. Buyer’s bank issues irrevocable, nontransferable, documentary letter of credit covering first
shipment according to contract.
8. Seller issues all Proof of Product including the SGS based on international analytical report/BILL OF LADING to buyers Bank in accordance to instrument presented by buyer’s
bank, Seller’s Bank issues 2% PB to activate the letter of credit issued by the Buyers Bank.
9. Seller commences shipment from the commercial terminal (Russian Shore) Buyer confirm
shipping documents with vessels captain while vessel starts delivery to buyer destination
according to contract schedule. Buyer arrange payment of the full cargo value after successful Q&Q at
destination port and seller arrange payment to all intermediaries after confirmation of quality and
quantity (Q&Q) or CIQ report.
 
 Contact Information
Name   Mr. Abiodun Akorede 
Company   Member : premier gold resources 
Email   Log In to See Email 
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Tel   +2348098280989 
Fax   +2347063503069 
Mobile   +2348098280989 
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IP   41.78.210.227 

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