FAST-TRACK PURCHASE PROCEDURES FOR
RUSSIAN D2 (DIESEL FUEL)
For a Buyer who wants to CLOSE QUICKLY and DOES NOT require or want to waste time with such paperwork as; LOI's, FCO's, ICPO's, etc. This D2 Seller will go straight to draft contract. PLEASE NOTE:

ALL THE BUYER HAS TO DO IS TO CONFIRM THAT HE AGREES TO A PRE-ADVISE MT705 AND THE BELOW PROCEDURES.

NOTE: THE PRE-ADVICE MT705 DOES NOT BLOCK FUNDS. IT IS NOT A PAYMENT INSTRUMENT & CANNOT BE USED BY THE SELLER TO PURCHASE PRODUCT!!
Main / SLCO Purchase Procedures / PETRONAS DIESEL / About / Contact
(L=0.2-62 / GOST 305-82)
REMINDER NOTE: FOR CHINESE BUYERS
SOFT OFFER FOR RUSSIAN D2 (DIESEL FUEL)
(Click Here To Check Current Gas Oil - Diesel Fuel - Prices)
PRODUCT: D2 GOST 305-82

ORIGIN: Russia

PRICE: PLATT MINUS -$30 / $25 NWE

QUANTITY: 6 MILLION METRIC TONS

CONTRACT: 500,000 METRIC TONS X 12 CALENDAR MONTHS w/POSSIBLE R & E

DESTINATION: CIF ROTTERDAM/Any Safe World Port

LIFT SCHEDULE: LIFT SCHEDULING WILL BE PRE-DETERMINED BY SELLER & BUYER

COMMISSION: $5.00 TOTAL - To be split as follows-
a) $2.50 Seller Mandate (CLOSED)
b) $1.25 Seller Side (Becker & Wells Group)
c) $1.25 Buyer Side (OPEN).

PROCEDURES (BRIEF)

a)
Buyer provided signatory or company name for issuance of draft contract and issues a Fee Protection Agreement (FPA).
b) Seller issues draft contract to buyer for review.
c) Both parties sign the agreement & lodge in their respective banks.
d) Seller receives POF via MT705, (two months SBLC for re-payment of first three months deliveries) from top 50 bank from buyer.**
e) Seller issues full POP sent bank to bank from top 50 bank to buyer.
f) 2% PB opens the instrument along w/first shipment documents payment.
g) Lifting schedule commences pre-determine between buyer & seller.

**EXCEPTION TO ABOVE - CHINESE BUYER ONLY:

If Chinese buyer is willing to use HSBC

Chinese buyers can use RDLC's but not from a mainland bank. However, discount is much lower. When using HSBC, the procedures are the same but our banker confirms funds or financial capacity of the buyer instead of an MT705.

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PRODEDURES (SAME AS ABOVE BUT MORE DETAILED)

BANK'S PROCEDURE
(VERBIAGE TAKEN DIRECTLY FROM CONTRACT)

1.
After the signing of this contract, the Buyer within 5 {five} working days, will issue to the Seller's Bank, a Pre-advice {according to the appendix #6} and confirming readiness to issue in favor to the Seller a "Irrevocable Standby Letter of Credit or Bank Guarantee" by the coordinated form {according to the appendix #5} for the value of the expected cost of two months of delivery of the Goods valid during 12 months plus 45 days. The transmission of this letter should be by SWIFT MT799.

2. The Seller, within 10 {ten} working days after upon receipt, the Pre-advice will confirm of the Proof of Product {POP}, coordinated with "AKTRANSNEFTEPRODUKT" by SWIFT to the Buyer's Bank and issue an non-operative PB 2% from the cost of the monthly party of goods.

3. After satisfactory result of the "Proof of Product" verification, the Buyer within 3 {three} subsequent banking days, issues to the Seller's Bank by SWIFT MT760 or equivalent, the coordinated Standby Letter of Credit or Bank Guarantee on the account of the Seller for the value equal to the expected cost of two months of delivery of the Goods and validity for a period of 395 days and activate the 2% PB Guarantee.

4. The Seller shall perform the delivery of the first lot of the Goods within of 45 days from the date of the receiving of the coordinated Standby Letter of Credit or Bank Guarantee by Seller's Bank.

5. The Standby Letter of Credit or Bank guarantee which is on the account at the Seller are the mortgage instrument and guarantees the direct payment of the delivered goods and can be accessible to the Seller only in case of default by the Buyer of Item 6 of the present appendix.

6. The payment for each concluded delivery has to be done by the Buyer's Bank directly to the indicated account of the Seller, within 7 {seven} banking days after presentation in Buyer's Bank of the full set of shipping documents of each shipped party as indicated in item 7 of the present appendix.

7. The documents regulating delivery and payment of the Goods {shipping documents} are:

> Commercial invoice - 1 {one} original plus 3 {three} copies
> Full set 3/3 originals and non-negotiable copies of "Clean on Board" Marine Bill of Lading, issued and signed by the Captain or Shipping Agent, and indicating the following:

> Port of Loading
> Destination/Port of Discharge
> Market "freight payable as per charter party" or "freight prepaid" and "shipped on board"
> Product description: Certificate of Quality issued or signed by the independent inspectors at the port of loading. (
END...)
If Chinese buyer then we have to confirm his bank is HSBC (if paying within China) but if his bank is a major top 25 bank outside of China then that is acceptable also.

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INTERMEDIARIES:
Please Note: Once you confirm your buyer does agree to the MT705 and procedures - our Seller will send the draft contract DIRECTLY to the END Buyer ONLY (the person who signs the contract). It must go direct to him otherwise this deal will not push through.
If any questions please email: twells@charlesfieldsassociates.com