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D2 for Direct Buyer/Mandate/Rep - Buyer Comission fully open
RUSSIAN GAS OIL D2 L.0, 02-62 GHOST 305-82
Soft Offer
APPENDIX № 1
RUSSIAN GAS OIL D2 L.0, 02-62 GHOST 305-82 GUARANTEED SPECIFICATION Property Test Method Guarantee Spec.
1. Specific Gravity at 15.6/15.6 °C ASTM D 1298 0.81-0.87
2. Cetane Index ASTM D 976 Min 47
3. Kinematic Viscosity, cSt @ 40 °C ASTM D 445 1.8 – 4.1
4. Flash Point, Deg. °C ASTM D 93 Min 52
5. Pour Point, Deg. °C ASTM D 97 Max -10.0
6. Sulpher Content, %Wt ASTM D 2622 Max 0.020
7. Copper Corrosion ASTM D 130 Max 1 A
8. Carbon Residue. %Wt ASTM D 189 Max 0.05
9. Ash, %Wt ASTM D 482 Max 0.01
10. Water and Sediment, %Vol ASTM D 2709 Max 0.05
11. Distillation (90%Recovered, °C) ASTM D 86 Max 357
12. Color ASTM D1500 Max 1.0
13. Lubricity by HFRR, μm CEC-F-06-A-96 Max 460
DELIVERABLES
Vendor is to provide as per industry standards the Proof-of-Product (POP) post the Buyer’s delivery on an authenticated Bank-to-Bank Proof-of-Profit (POF) with conditional issuance upon delivery of POP, as per
APPENDIX № 6.
Vendor will offer all support items required to produce sales; procedures, reference letter, contracts, etc…
The Parties shall work in good-faith and integrity without circumventing each other and their resources and upon termination of their engagement shall refrain from disparagement, causing injury to any of the Parties.
PROCEDURES
OPTION-I: Prospective Buyers shall place into escrow a $1,000,000.00 deposit with Vendor’s Law Firm identified in section 5.1 (Notices) of Sales and Purchase Contract.
OPTION-II: Prospective Buyers shall provide a Bank-to-Bank Conditional Proof-of-Funds in that subject to the Product Specifications, Terms and Condition as per Appendix No.4, payment shall be issued pursuant to Appendix No. 5 or Conditional or Non-Conditional Payments, as herein described.
Commodity Purchasing Agreement shall be issued within (5) Business Days after receiving Buyer’s Proof-of-Funds as per OPTION-I/II and a Copy of Articles of Formation/Corporation, Passport(s), all applicable Licenses and Storage/Shipping verification(s). Commodity Vendor shall deliver Proof-of-Products consisting of, including but not limited to all applicable documentation, such as;
CONTRACT or SPOT-Purchases: (Some items specific to SPOT Purchase only)
1- Import / Export Licenses
2- Refinery Resource Document
3- Pipeline Meter Reading Report
4- Pipeline extraction codes (if available)
5- Product Verification and Testing Authorization
6- SGS certification of quality and quantity
7- Commercial Invoice (for the amount in tank ONLY)
8- Tank Receipts
9- Tank Codes
10- Lifting schedule.
11- Draft of the title of property transfer
12- Title Transfer Authorization subject to wire payment.
Product must be extracted from the tanks or shipped to Buyer’s destination no later than 11-calendar days.
APPENDIX № 3
DELIVERY SCHEDULE Monthly Quantity/Shipment:
Discharge Port/Terminal Ex-Tank Farm, Houston, Texas, United States or Rotterdam Delivery Minimum +/- 10%
Monthly Quantity or more if available
Russian D2 Gas Oil – CHOST-305-82
Delivery time Total.
APPENDIX № 4
TERMS AND CONDITIONS
Delivery Terms: Contract / Spot purchase ex-tank farm, Houston or Rotterdam. Seller shall deliver to Buyer the following documentation for the
Product acceptance for Payment:
1- Import / Export Licenses
2- Refinery Resource Document
3- Pipeline Meter Reading Report
4- Pipeline extraction codes (if available)
5- Product Verification and Testing Authorization
6- SGS certification of quality and quantity
7- Commercial Invoice (for the amount in tank ONLY)
8- Tank Receipts
9- Tank Codes
10- Lifting schedule.
11- Draft of the title of property transfer
12- Title Transfer Authorization subject to wire payment
(Some items specific to SPOT Purchase only)
Origin: Russian D2 Gas Oil-GHOST 305-82, Seller reserves the right to provide Buyer on an order-by-order basis the option to substitute the Product for and alike Product from a different origin and port for consideration and acceptance by the Buyer.
Quantity: 100K -5M MT (One Hundred Thousand to Five Million Metric Tones) +/- 10%
Allocation: Seller’s option, Buyer first right of refusal with an active Performance Bond
Price Basis: US_$ XXXXX Ex-Tanks per Metric Ton below Rotterdam's or Houston Platt with rolls and extensions.
Quality: APPENDIX № 1 Terms: SPOT or One (1) year commitment with rolls and extensions by mutual consent, subject to Buyer’s performance pursuant to Delivery Schedule (APPENDIX № 3) and all other terms and conditions herein.
Acceptance: The Product acceptance shall consist confirmation by the Buyer or Buyer’s Bank receiving all documentation agreed to herein that is required as per the Delivery Terms and that same is consistent with all the Terms and Conditions of the Purchase Agreement. _____
Payment: Buyer to provide a Credit Back Stand-By-Letter Credit or Bank Guarantee as required by Seller’s Bank, as a (“Payment Guarantee”) valid for (13) thirteen months. The Payment Guarantee amount shall be for at least (1) One Months estimated shipment of $_______________. Final settlement shall be via a SWIFT wire payment is required within (1) one banking day and without any delay except for any Force Majeure event; SUBJECT TO the Product is delivered to Buyer pursuant to the Delivery Terms, Quality, Acceptance and title transfer.
Taxes/Obligations: All taxes and duties for import into the storage facility shall be pay by the Seller and all other taxes and transport fees shall be pay by the Buyer post the transfer of ownership. The Seller will make arrangements for the Buyer to utilize the tank farm for an additional (30) thirty day period at the Buyer’s full expense payable either to the Seller with invoices etc issued or direct to the Tank Farm owners or operators. Post title transfer; the Buyer is responsible to provide all scheduled delivery details and costs associated with the transport of the Product.
Let's Closed One !
Soft Offer
APPENDIX № 1
RUSSIAN GAS OIL D2 L.0, 02-62 GHOST 305-82 GUARANTEED SPECIFICATION Property Test Method Guarantee Spec.
1. Specific Gravity at 15.6/15.6 °C ASTM D 1298 0.81-0.87
2. Cetane Index ASTM D 976 Min 47
3. Kinematic Viscosity, cSt @ 40 °C ASTM D 445 1.8 – 4.1
4. Flash Point, Deg. °C ASTM D 93 Min 52
5. Pour Point, Deg. °C ASTM D 97 Max -10.0
6. Sulpher Content, %Wt ASTM D 2622 Max 0.020
7. Copper Corrosion ASTM D 130 Max 1 A
8. Carbon Residue. %Wt ASTM D 189 Max 0.05
9. Ash, %Wt ASTM D 482 Max 0.01
10. Water and Sediment, %Vol ASTM D 2709 Max 0.05
11. Distillation (90%Recovered, °C) ASTM D 86 Max 357
12. Color ASTM D1500 Max 1.0
13. Lubricity by HFRR, μm CEC-F-06-A-96 Max 460
DELIVERABLES
Vendor is to provide as per industry standards the Proof-of-Product (POP) post the Buyer’s delivery on an authenticated Bank-to-Bank Proof-of-Profit (POF) with conditional issuance upon delivery of POP, as per
APPENDIX № 6.
Vendor will offer all support items required to produce sales; procedures, reference letter, contracts, etc…
The Parties shall work in good-faith and integrity without circumventing each other and their resources and upon termination of their engagement shall refrain from disparagement, causing injury to any of the Parties.
PROCEDURES
OPTION-I: Prospective Buyers shall place into escrow a $1,000,000.00 deposit with Vendor’s Law Firm identified in section 5.1 (Notices) of Sales and Purchase Contract.
OPTION-II: Prospective Buyers shall provide a Bank-to-Bank Conditional Proof-of-Funds in that subject to the Product Specifications, Terms and Condition as per Appendix No.4, payment shall be issued pursuant to Appendix No. 5 or Conditional or Non-Conditional Payments, as herein described.
Commodity Purchasing Agreement shall be issued within (5) Business Days after receiving Buyer’s Proof-of-Funds as per OPTION-I/II and a Copy of Articles of Formation/Corporation, Passport(s), all applicable Licenses and Storage/Shipping verification(s). Commodity Vendor shall deliver Proof-of-Products consisting of, including but not limited to all applicable documentation, such as;
CONTRACT or SPOT-Purchases: (Some items specific to SPOT Purchase only)
1- Import / Export Licenses
2- Refinery Resource Document
3- Pipeline Meter Reading Report
4- Pipeline extraction codes (if available)
5- Product Verification and Testing Authorization
6- SGS certification of quality and quantity
7- Commercial Invoice (for the amount in tank ONLY)
8- Tank Receipts
9- Tank Codes
10- Lifting schedule.
11- Draft of the title of property transfer
12- Title Transfer Authorization subject to wire payment.
Product must be extracted from the tanks or shipped to Buyer’s destination no later than 11-calendar days.
APPENDIX № 3
DELIVERY SCHEDULE Monthly Quantity/Shipment:
Discharge Port/Terminal Ex-Tank Farm, Houston, Texas, United States or Rotterdam Delivery Minimum +/- 10%
Monthly Quantity or more if available
Russian D2 Gas Oil – CHOST-305-82
Delivery time Total.
APPENDIX № 4
TERMS AND CONDITIONS
Delivery Terms: Contract / Spot purchase ex-tank farm, Houston or Rotterdam. Seller shall deliver to Buyer the following documentation for the
Product acceptance for Payment:
1- Import / Export Licenses
2- Refinery Resource Document
3- Pipeline Meter Reading Report
4- Pipeline extraction codes (if available)
5- Product Verification and Testing Authorization
6- SGS certification of quality and quantity
7- Commercial Invoice (for the amount in tank ONLY)
8- Tank Receipts
9- Tank Codes
10- Lifting schedule.
11- Draft of the title of property transfer
12- Title Transfer Authorization subject to wire payment
(Some items specific to SPOT Purchase only)
Origin: Russian D2 Gas Oil-GHOST 305-82, Seller reserves the right to provide Buyer on an order-by-order basis the option to substitute the Product for and alike Product from a different origin and port for consideration and acceptance by the Buyer.
Quantity: 100K -5M MT (One Hundred Thousand to Five Million Metric Tones) +/- 10%
Allocation: Seller’s option, Buyer first right of refusal with an active Performance Bond
Price Basis: US_$ XXXXX Ex-Tanks per Metric Ton below Rotterdam's or Houston Platt with rolls and extensions.
Quality: APPENDIX № 1 Terms: SPOT or One (1) year commitment with rolls and extensions by mutual consent, subject to Buyer’s performance pursuant to Delivery Schedule (APPENDIX № 3) and all other terms and conditions herein.
Acceptance: The Product acceptance shall consist confirmation by the Buyer or Buyer’s Bank receiving all documentation agreed to herein that is required as per the Delivery Terms and that same is consistent with all the Terms and Conditions of the Purchase Agreement. _____
Payment: Buyer to provide a Credit Back Stand-By-Letter Credit or Bank Guarantee as required by Seller’s Bank, as a (“Payment Guarantee”) valid for (13) thirteen months. The Payment Guarantee amount shall be for at least (1) One Months estimated shipment of $_______________. Final settlement shall be via a SWIFT wire payment is required within (1) one banking day and without any delay except for any Force Majeure event; SUBJECT TO the Product is delivered to Buyer pursuant to the Delivery Terms, Quality, Acceptance and title transfer.
Taxes/Obligations: All taxes and duties for import into the storage facility shall be pay by the Seller and all other taxes and transport fees shall be pay by the Buyer post the transfer of ownership. The Seller will make arrangements for the Buyer to utilize the tank farm for an additional (30) thirty day period at the Buyer’s full expense payable either to the Seller with invoices etc issued or direct to the Tank Farm owners or operators. Post title transfer; the Buyer is responsible to provide all scheduled delivery details and costs associated with the transport of the Product.
Let's Closed One !
Add a Comment
1 Comment
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Comment by Tom LeClair on July 13, 2009 at 4:49pm -
I am direct to a buyer seeking JP54 and D2 from a real supplier that can staisfy his needs. My buyer’s minimums are: JP54 - 5M BBL/month but idealy he wants to purchase 20-30M BBL/month. My buyer’s minimum on D2 is 1M metric tons/month. My buyer wants long lasting relationships and 12 month contracts.
My buyer is fully aware of the international commodities trading laws and currently follow the UCP 600 Bank 2 Bank polocies and proceedures. My buyer is aware that they need to submit an ICPO and ICC letter but my buyer will submit that documentation to either the seller or the authorized seller’s mandate who can prove that they are in fact the seller’s signatory authorized rep.
To start off my buyer would like to see a soft corp offer from a supplier and/or supplier’s mandate (if possible) and my buyer is willing to do an initial call with the person(s) direct to the mandate prior to submitting any info.
Please contact me whereas I have very serious buyers looking for real suppliers.
Tom LeClair
TJL Capital LLC
617-207-1070
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