JP 54 Offer
COMMODITY JET OIL JP 54
AMOUNT 5,000,000 BARRELS
PRICE:65 USD NET PER BBL 62 USD GROS
CONTRACT: 12 MOUNTHS R & E
DELIVERY FOB ROTERDAM
QUANTITY: 60,000,000 BARRELS
ORIGIN: RUSSIA
1 SELLER ISSUES SPA DRAFT OPEN FOR AMENDMENTS TO BUYER. 2 BUYER RETURNS DRAFT CONTRACT TO SELLER WITH AMENDMENTS IF ANY, SIGNED AND SEALED, SELLER SIGNS/SEALS THE CONTRACT AND RETURNS WITH ATTESTATION LETTER (ANNEX H) AND NCNDA/IMFPA TO THE BUYER. 3 BUYER’S BANK ISSUES BY SWIFT MT799 (ANNEX E) TO SELLER’S BANK CONFIRMATION OF BUYER’S PROOF OF FUNDS FOR $220,000,000 USD ONLY. 4 SELLER SENDS PARTIAL POP TO THE BUYER WITH CURRENT DATE SGS REPORT (LESS THAN 72 HOURS), TANK RECEIPTS AND DIP TEST AUTORIZATION FOR LIFTABLE QUANTITY 5 BUYER VERIFIES THE FUEL AT THE LOADING PORT SIMULTANEOUS SELLER VERIFIES POF AND SENDS FULL POP AND 2% PERFORMANCE BOND TO BUYER’S BANK. 6 AFTER BUYER OPENS PAYMENT INSTRUMENTS AS FOLLOWS: - MT 103 FOR THE LIFTABLE QUANTITY AND TOGETHER WITH RDLC FOR VALUE OF 5,000,000 BARRELS OR ROLL EXTENSION. 7 SHIPMENT COMMENCES AND DEAL IS CLOSED Pop documents shall include the documents as stated below. a. Copy of license to export, issued by the ministry of Energy. b. Copy of approval to export, issued by the ministry of justice. c. Copy of statement of availability of the product. d. Copy of the refinery commitment to produce the product. e. Copy of Transneft contract to transport the Product to the Port. f. Copy of the Port Storage agreement. We have the original SPA with the Allocation Number at hand; this is a Contract that was not performed by one Buyer back in June 10, 2010, we have 6.000.000 BBLS Liftable now (5.000.000 for June 2010 and 1.000.000 for Ausgust 2010). If you accept these procedures formally (via e-mail), I will send the SPA and the Allocation Number to you in order to close.
1 SELLER ISSUES SPA DRAFT OPEN FOR AMENDMENTS TO BUYER. 2 BUYER RETURNS DRAFT CONTRACT TO SELLER WITH AMENDMENTS IF ANY, SIGNED AND SEALED, SELLER SIGNS/SEALS THE CONTRACT AND RETURNS WITH ATTESTATION LETTER (ANNEX H) AND NCNDA/IMFPA TO THE BUYER. 3 BUYER’S BANK ISSUES BY SWIFT MT799 (ANNEX E) TO SELLER’S BANK CONFIRMATION OF BUYER’S PROOF OF FUNDS FOR $220,000,000 USD ONLY. 4 SELLER SENDS PARTIAL POP TO THE BUYER WITH CURRENT DATE SGS REPORT (LESS THAN 72 HOURS), TANK RECEIPTS AND DIP TEST AUTORIZATION FOR LIFTABLE QUANTITY 5 BUYER VERIFIES THE FUEL AT THE LOADING PORT SIMULTANEOUS SELLER VERIFIES POF AND SENDS FULL POP AND 2% PERFORMANCE BOND TO BUYER’S BANK. 6 AFTER BUYER OPENS PAYMENT INSTRUMENTS AS FOLLOWS: - MT 103 FOR THE LIFTABLE QUANTITY AND TOGETHER WITH RDLC FOR VALUE OF 5,000,000 BARRELS OR ROLL EXTENSION. 7 SHIPMENT COMMENCES AND DEAL IS CLOSED Pop documents shall include the documents as stated below. a. Copy of license to export, issued by the ministry of Energy. b. Copy of approval to export, issued by the ministry of justice. c. Copy of statement of availability of the product. d. Copy of the refinery commitment to produce the product. e. Copy of Transneft contract to transport the Product to the Port. f. Copy of the Port Storage agreement. We have the original SPA with the Allocation Number at hand; this is a Contract that was not performed by one Buyer back in June 10, 2010, we have 6.000.000 BBLS Liftable now (5.000.000 for June 2010 and 1.000.000 for Ausgust 2010). If you accept these procedures formally (via e-mail), I will send the SPA and the Allocation Number to you in order to close.