jet fuel CURRENT OFFERS TO SELL

Commodity: JET FUEL JET A-1 & TS1

Specification: EXPORT STANDARD

Origin: RUSSIAN 

Quantity: 500,000 BBL TRIAL ORDER AND UP TO 6 MILLION BBL PER MONTH FOR CONTRACT

Delivery Term: INCOTERM 2010 CIF Cost Insurance Freight prepaid

Delivery Country : EUROPE AND USA

Price CIF : FOR EUROPE NWE PLATTS MINUS US$3.00/BBL AND FOR USA NWE PLATTS MINUS US$2.00/BBL

Inspection: SGS or equivalent at Destination Port, at buyer’s cost.

CIF TRANSACTION PROCEDURE.

1. Buyer issues LOI and includes CP and Registration and Product Specification 

2. Seller issues FCO and includes confirmed buyer’s Product-Specifications 

3. Buyer confirms FCO including confirmed Seller Product-Specifications, and Buyer KYC / Buyer Information Sheet and returns all to Seller along with a verifiable proof of fund 

4. Seller issues draft SPA for Buyer’s review and after endorsement returns to Seller after which both parties lodge SPA with their respective Banks.

5. Seller issues Proforma Invoice for First Lift/First Delivery.

6. Buyer’s Bank issues to seller bank, draft confirmed irrevocable DLC (as per UPC 600) payable at sight at Port of Discharge for seller’s bank approval 

7. In response to the draft, Seller bank will issue a pre-advice 2% PBG Swift to buyer bank 

8. Buyer bank will issue a pre-advice DLC via Swift and which will be activated with the 2% PB at the same time between both the banks

9. Upon Seller’s Bank approval of DLC, within 5-7 working days Seller’s Bank sends to Buyer’s Bank following original legal documents:

a. Fresh SGS report or equivalent; not older than 72 hours,
b. Authority to sell,
c. License to export,
d. Certificate of Origin,
e. Company Registration Certificate,
f. Charter party agreement (Q88).
g. Seller’s Bank also sends a Loading and Delivery schedule.

10. After a maximum of 10 working days Seller loads First Lift/Trial Shipment at Port of Loading. 

11. After loading, Seller’s Bank sends to Buyer’s Bank Commercial Invoice and full set of Bill of Lading. 

At Port of Discharge Buyer organizes  

12. At Port of Discharge Buyer organizes Q&Q by SGS and after positive report Buyer’s Bank releases full CI amount to Seller’s Bank-account following DLC and simultaneously Title of Ownership is transferred. 

13. After successful completion of First Lift/Trial Shipment further supply continues following SPA, whereby timing of deliveries is planned and agreed upon beforehand between Seller and Buyer in a separate Loading and Delivery schedule.

14. Seller pays commissions to intermediaries on Seller-side and Buyer-side as agreed in SPA or separate agreement.

Notes:

1. Should Buyer wish to have any change in Product-Specifications, then Buyer should include these changes prior endorsement of the FCO.
2. All docs need to be signed and stamped.

3. The standard set of legal documents can vary on refinery to refinery basis.

4. Buyer is always entitled to do an additional Q&Q by SGS at Buyer’s own expense.

5. Q&Q by SGS or another independent surveyor with similar international quality standard. 

6. For china / Chinese buyer - Payment confirmation after CIQ is not acceptable. It shall be against the load port documents 

IF INTERESTED, PLEASE APPLY HERE 

PRODUCT: FUEL GRADE PETCOKE

ORIGIN: RUSSIAN FEDERATION

SPECIFICATION: AS PER BELOW

QUANTITY: 50,000 MT TO 100,000 MT

TERMS: CIF MUNDRA (OR OTHER BUYER SPECIFIED INDIAN PORT)

PRICE: TBC after LOI

TRANSACTION PROCEDURE (Non-Negotiable)

1. Buyer issues LOI and includes CP and Registration and Product Specification 

2. Seller issues FCO and includes confirmed buyer’s Product-Specifications 

3. Buyer confirms FCO including confirmed Seller Product-Specifications, and Buyer KYC / Buyer Information Sheet and returns all to Seller along with a verifiable proof of fund 

4. Seller issues draft SPA for Buyer’s review and after endorsement returns to Seller after which both parties lodge SPA with their respective Banks.

5. Seller issues Proforma Invoice for First Lift/First Delivery.

6. Buyer’s Bank issues to seller bank, draft confirmed irrevocable DLC (as per UPC 600) payable at sight at Port of Discharge for seller’s bank approval 

7. In response to the draft, Seller bank will issue a pre-advice 2% PBG Swift to buyer bank 

8. Buyer bank will issue a pre-advice DLC via Swift and which will be activated with the 2% PB at the same time between both the banks

9. Upon Seller’s Bank approval of DLC, within 5-7 working days Seller’s Bank sends to Buyer’s Bank following original legal documents:

a. Fresh SGS report or equivalent; not older than 72 hours,
b. Authority to sell,
c. License to export,
d. Certificate of Origin,
e. Company Registration Certificate,
f. Charter party agreement (Q88).
g. Seller’s Bank also sends a Loading and Delivery schedule.

10. After a maximum of 10 working days Seller loads First Lift/Trial Shipmentat Port of Loading. 

11. After loading, Seller’s Bank sends to Buyer’s Bank Commercial Invoice and full set of Bill of Lading. 

12. At Port of Discharge Buyer organizes Q&Q by SGS and after positive report Buyer’s Bank releases full CI amount to Seller’s Bank-account following DLC and simultaneously Title of Ownership is transferred. 

13. After successful completion of First Lift/Trial Shipment further supply continues following SPA, whereby timing of deliveries is planned and agreed upon beforehand between Seller and Buyer in a separate Loading and Delivery schedule.

14. Seller pays commissions to intermediaries on Seller-side and Buyer-side as agreed in SPA or separate agreement.

 Notes:

1. Should Buyer wish to have any change in Product-Specifications, then Buyer should 

include these changes prior to the endorsement of the FCO.

2. All docs need to be signed and stamped.

3. The standard set of legal documents can vary on a refinery per refinery basis.

4. Buyer is always entitled to do an additional Q&Q by SGS on Buyer’s own expense.

5. Q&Q by SGS or another independent surveyor with same international quality standard. 

PRODUCT: JET A-1

ORIGIN: RUSSIAN FEDERATION   

TERMS: CIF Incoterm 2010 or later

SOFT CORPORATE OFFER

The Seller – to be advised, a petroleum exporting company, with full legal responsibility under penalty of perjury hereby issue this Soft Corporate Offer with given terms and conditions as stated in this offer and confirm our readiness to execute a Sales and Purchase Agreement (SPA) with the Buyer, with the ability to supply the following commodity to the terms and procedures of procuring Petroleum Products from Russia. 

Commodity:  Aviation Turbine Kerosene colonial grade 54

Quality:   GOST 10227-86 (TS-1),(T-1)

Lower freezing point - minus 53 degrees to 57 degrees Celsius for higher altitude

Origin: Russia 

Packaging:  Bulk

Quantity:  2,000,000 Bbls  Dip & Pay in Seller’s ship before transfer to Buyer’s Tank

Contract Term:   TBC

Delivery CIF:    Ship to Ship/Buyer Tank 

Price:  Platt NWE less Discount US$ 3.00 Bbl Gross / US$ 1.00 per Bbl Net to Buyer

Buyer must select the payment option in the ICPO

Commission:  US$1.00 per Barrel - paid by Seller – shared 50/50 between buy and sell side.

Payment:   Payment by Irrevocable, Non-operative, Non-Transferable, Confirmed, Revolving Documentary Letter of Credit IRDLC via Swift MT700, through any of the Top 50 Prime World Banks 100% at sight against Shipping Documents after SGS inspection for quality and quantity and DIP-TEST in Seller ship at Unloading Port.

PB:  Seller to issue Operative 2% Performance Bond via SWIFT to Buyer’s Bank  which in sequence makes the Buyer Payment Instrument operative. 

Inspection:  By Societe Generale Surveillance (SGS) Export Inspection Certificate on quality, quantity and weight at Unloading Port at Seller’s cost – other inspection at discharge port at Buyer’s cost. 

PROCEDURES: 

1. Seller Mandate issues Soft Offer to Buyer.

2. Buyer issues an ICPO with wording that mirrors the Soft Offer, with Company profile, Company Registration and full banking coordinates, along with passport photo and NCND/IMFPA completed and signed by Buyer and all Buy Side Group recipients and passed to Seller Side for completion.

3. Seller requires Buyer at the outset to provide some Proof that he is financially capable 

of financing the monthly shipment value of roughly US$142,000,000

4. Buyer also issues CPA (Charter Party Agreement) as proof of storage availability at Destination Port.

5. Seller then issues Draft SPA (Sales and Purchase Agreement) open for amendments, which now contains The NCND/IMFPA as an Annex within the SPA, to Buyer. 

6. Buyer countersigns and seals the Contract and sends via Email to Seller. 

7. Buyer issues MT799 unblocked funds as Proof of Funds three days after receiving signed SPA from Seller.

8. Both lodge the legalized SPA contracts in their respective banks.

9. The Buyer Bank within 24 hours opens an Irrevocable, Non-operative, Non-Transferable, Confirmed, Revolving Documentary Letter of Credit IRDLC via Swift MT700, through any of 

the Top 50 Prime World Banks 100% at sight against Shipping Documents after SGS inspection and Dip Test at Unloading Port.

10. Seller issues 2% Performance Bond via SWIFT to Buyer’s Bank to activate the Non-Operative MT700 at Loading Port

11. Seller to provide Full Proof of Product, which will include:

A) Statement of Product availability

B) Product Certificate of Origin

C) Refinery Commitment to Supply

D) Registration Document to Export

E) Product Passport (Dip Test Result)

F) Tank Storage Receipt

G) Chemical Analysis Report

H) Commitment to Supply

I) Bill of Lading

12. Upon successful verification of the POP documents, and ship arrival at Destination Port, Buyer orders SGS quality & quantity report and conduct DIP Test of the product in Seller's ship at Buyer's expense.

13. Following the successful completion of the Dip Test with results consistent to the specification on the Commercial Invoice, Buyer provide ATI (Authority to Inject) and Seller injects fuel into Buyer's storage tanks. Seller submits the full injections report to the Buyer.

14. Buyer makes 100% payment by TT or MT103 wire transfer within 48 hours (work days) for the value of the total monthly quantity. 

15. Seller pays Commission to Mandates and all intermediaries involved in the transaction within 24hrs after confirmation of the Buyer's payment.

16. Subsequent monthly deliveries shall continue according to the terms and conditions of the SPA/contract. 

Please make sure you have applied online following this link to expedite matters: https://www.subcontractsindia.com/buy-oil-and-gas.html 

Product : Liquefied Natural Gas, LNG

Quality : A1 ( The specifications are attached)

Certificate of   Origin : Persian Gulf (   Not Qatar)

First /Trial   Quantity: 100,000MT  

Contract   Quantity : 100,000 X 12   months and R&E 

Delivery: CIF – ASWP

Net Price to Buyer : FOB   Platt Minus USD 0.50/MMBtu price (Platts Daily LNG Markers ($/MMBtu), Middle East Marker (MEM).

Inspection:  SGS  by seller at Load port and by Buyer at Discharge Port (CIQ at China port is not acceptable for payment link. Buyer can conduct SGS/ Equivalent) 

Payment : Irrevocable   Confirmed DLC via MT 700

Commission : Buyer pays to buyer side / Seller pays seller side 

PROCEDURE :

1. Buyer Issues LOI along with company profile, Company Registration Document and the Product Specification 

2. Seller issues FCO includes buyer Product Specification 

3. Buyer sign and return this FCO along confirmed Product-Specifications, and Company Registration, Buyer Information Sheet and returns all to Seller along with a verifiable proof of fund 

4. Seller issues draft SPA for Buyer’s review and after endorsement returns to Seller after which both parties lodge SPA with their respective Banks.

5. Seller issues Proforma Invoice for First Lift/First Delivery.

6. Buyer’s Bank issues to seller bank, draft irrevocable Confirmed DLC (as per UPC 600) payable at sight at Port of Discharge for seller’s bank approval  

7. In response to the draft, Seller bank will issue a pre-advice 2% PBG Swift to buyer bank 

8. Buyer bank will issue a pre-advice DLC via Swift and which will be activated with the 2% PB at the same time between both the banks

9. Upon Seller’s Bank approval of DLC, within 7-10 working days Seller’s Bank sends to Buyer’s Bank following original legal documents:

a. Fresh SGS report or equivalent; not older than 72 hours,
b. Certificate of Origin,
c. Company Registration Certificate,
d. Charter party agreement (Q88).
e. Seller’s Bank also sends a Loading and Delivery schedule.

10. After a maximum of 10 working days ( of DLC confirmation)  Seller loads First Lift/Trial Shipment at Port of Loading. 

11. After loading, Seller’s Bank sends to Buyer’s Bank Commercial Invoice and full set of Bill of Lading. 

12.  At Port of Discharge Buyer organizes Q&Q by SGS and after positive report Buyer’s Bank releases full CI amount to Seller’s Bank-account following DLC and simultaneously Title of Ownership is transferred. 

13. After successful completion of First Lift/Trial Shipment further supply continues following SPA, whereby timing of deliveries is planned and agreed upon beforehand between Seller and Buyer in a separate Loading and Delivery schedule.

14. Seller pays commissions to Seller side intermediaries and Buyer pays to Buyer side  intermediaries 

/ as agreed in the IMFPA

 Mandatory Note / Compliance Required 

1. Prior to the loading commencement, the buyer must present the Buyer’s confirmed Storage facility at discharge port for Seller’s verification  

2.  Buyer is always entitled to do an additional Q&Q by SGS or equivalent international agency on Buyer’s own expense.

3. For china - Payment confirmation after CIQ is not acceptable. It shall be against the load port documents or buyer can conduct additional SGS / the same inspection agency of international repute who conducted the inspection at load port 

4. Require to receive Passport of Authorized representative, Copy of Import license during SPA stage