Light Crude API 45.6/S 0.56%

Buyer Requested Terms: (Non-Negotiable)

KAZAKHSTAN LIGHT CRUDE API gravity 45.6 degrees/Sulfur Content 0.56% wt FOR A QUANTITY OF 2,000,000 BBL + UP TO 10M BBL Monthly

TRANSACTION PROCEDURES FOR CIF DELIVERY WITH (SBLC + MT103)

1. Buyer issues ICPO with Company Registration License.
2 Seller’s Bank issues to Seller a confirmation that Seller’s Bank can accept SBLC MT760 [in Euro currency] by issuing Ready, Willing and Able [RWA] letter to Seller, Seller forwards this letter to Buyer to enable Seller and Buyer banks to communicate directly for the contractual amount, compliances, Banking Details, Procedure and Schedule. Buyer send SBLC verbiage for bank compliances.
3. Seller issues SPA to Buyer/Buyer signs and returns the SPA to Seller. Seller gives to Buyer the Partial Proof of Products [PPOP] authentication/approval by the authority of Kazakhstan Ministry of Energy.
A. CERTIFICATE OF INCORPORATION OF THE SELLING COMPANY
B. REFINERY EXPORT LICENSE
C. REFINERY SUPPLY COMMITMENT
D. CERTIFICATE OF ORIGIN
E. DECLARATION OF PRODUCT AVAILABILITY
F. PRODUCT QUALITY PASSPORT (DIP TEST ANALYSIS REPORT) BY STANDARD GOST RATED COMPANY WITH SGS, SAYBOLT ETC.
4. Banking Compliance: Buyer will arrange her bank officer to sign and approved PreAdvice/SBLC verbiage [in Euro currency] send to Seller Bank officer for approval through bank secure email. After Seller Bank approval will reply with a BCL to Seller and Seller shall reply to Buyer by email. Seller sends the invoice to start the loading of product and financial transaction and all transactions are managed by bank to bank, using MT799/MT199 Swift message system or bank to bank email.
5. Seller will send the complete documents (FULL POP) from the loading port via E-mail (PDF) as below, including the Seller signing the CPA with a shipping company for CIF term and in return after receipt of the complete documents [A to M], Buyer Bank will issue SBLC/MT760 as guarantee banking instruments to Seller with validity of twelve (12) months and One (1) day. Bank for the first shipment (Trial shipment). In return Seller’s Bank send out the POP Documents to Buyer’s Bank along with the 2% Guarantee deposit (PB) within five (5) business days. In case of failure from the seller’s bank, the seller will issue to the Buyer a warranty deposit as penalty clause for default or failure to comply with the working transaction procedure.
A. COPY OF THE EXPORT LICENSE, ISSUED BY THE DEPARTMENT OF THE MINISTRY OF ENERGY
B. COPY OF EXPORT APPROVAL ISSUED BY THE MINISTRY OF JUSTICE.
C. ULAGE REPORT
D. TANK STORAGE RECEIPT
E. MANIFEST POSITION
F. COPY OF PORT STORAGE AGREEMENT
G. COPY OF THE CHARTER PARTY AGREEMENT TO TRANSPORT THE PRODUCT TO THE PORT OF DISCHARGE
H. COPY OF THE SHIP'S QUESTIONNAIRE 88
I. COPY OF BILL OF SHIPMENT
J. SGS REPORT AT THE LOADING PORT
K. DIP TEST AUTHORIZATION (DTA) & ATB
L. COPY OF NOR/ETA M. M. ASSIGNMENT CERTIFICATE (TRANSACTION BUSINESS PASSPORT)
6. Shipment commences as per contract schedule; Buyer provides Payment Schedule and TSR to Seller. Upon the arrival of the vessel at discharge port in Rizhao, China, Buyer releases full payment after satisfactory inspection by SGS/CCIC or equivalent surveyor in accordance with the report.
Buyer shall initiate the schedule payment by: Invoice in five (5) working days by MT103 [in USD or Euro currency equivalent] payable instrument against all Original Port Documents (FULL POP as below), Certification and BL upon successful verification and inspection by CCIC at loading port.
7. Seller transfers Ownership Title/Full POP to Buyer’s name.
8. Buyer pays commissions to Seller and Buyer intermediaries for USD 5/5 or [in Euro currency] per BBL.
9. Subsequent monthly shipment [10,000,000 BBL per month] continues as per signed SPA and product payment will be made against successful SGS/CCIC or equivalent inspection via SBLC MT760 + MT103
10. PRICE CIF CHINA PORT OF RIZHAO or AWSP: GROSS: USD 56.92 / NET USD 46.92 per BBL [in Euro currency equivalent]