Rosneft - Vankorneft
供M100，CIF 365美元/吨
PROCEDURES
CONTRACT BANKING TRANSACTION PROCEDURES FOR DLC MT700 NON NEGOTIABLE:
1...SELLER SENDS BUYER CORPORATE SOFT OFFER WITH TERMS, PROCEDURES AND PRODUCT PRICES. BUYER REVIEW THE SOFT OFFER AND ISSUE ICPO OR LOI WI TH SELLERS TERMS AND PROCEDURE S ON BUYER’S COMPANY LETTERHEAD.
2...SELLER ISSUE DRAFT CONTRACT OPENS FOR ADMENDMENT TO BUYER. BUYER REVIEWS THE CONTRACT AND MAKES ANY NECESSARY ADMENTMENT AND SEND TO SELLER FOR APPROVAL. SELLER APPROVES AND BUYER SIGNS AND RETURN BACK
THE CONTRACT TO SELLER.
3...SELLER APPROVED THE CONTRACT WITH APPROPRIATE AUTHORITIES AND SENDS TO BUYER THE FINAL NOTARIZED CONTRACT IN PDF ALONG WITH:
A.. PRODUCT CERTIFICATE OF ORIGIN,
B…EXPORT LICENSE TO EXPORT PRODUCT ISSUED BY THE MINISTRY OF ENERGY,
C.. STATEMENT OF PRODUCT AVALIABILITY.
D.. COMMITMENT LETTERTO SUPPLY THE PRODUCT.
4.. BUYER BANK ISSUE POF, DLC MT700 WITHIN 5 WORKING DAYS WITH SELLER APPROVED VERBIAGE WIHTOUT ANY AMENDMENT ON THE VERBIAGE. FAILURE TO ISSUE DLC MT700 WITHIN 3 WORKING DAYS, BUYER PAY’S $325,600 TO SELLER
AS GUARANTEE ACKNOWLEDGEMENT VIA TT WHICH WILL BE DEDUCTED FROM TOTAL COST OF THE FIRST SHIPMENT WITHIN 72 HOURS. FAILURE FROM BUYER TO EFFECT ANY OF THIS, THE TRANSACTION WILL BE TERMINATED WITH IMMEDIATE EFFECT FOR NON PERFORMANCE AND HAVE THE BUYER’S COMPANY REPORTED TO THE APPROPRIATE AUTHORITIES.
5...SELLER SENDS BUYER 2% PB, PRODUCT PASSPORT CODE AND DEED OF TITLE IN BUYER'S NAME VIA BANK TO BANK.
6...SELLER LOADS AND BUYER’S BANK GIVE GUARANTEE LETTER TO SELLER COVERING FIRST MONTH SHIPMENT,THEN SELLER SHIPS THE PRODUCT TO BUYER'S DESTINATION PORT AND PRESENT SHIPPING DOCUMENTS TO BUYER.
7..UPON Q&Q REPORT SELLER SUBMITS ALL RELEVANT SHIPMENT DOCUMENTS INCLUDINGING THE INSPECTION REPORT TO BUYERS BANK FOR FULL PAYMENT OF CARGO AND ALL COMMISSIONS TO ALL BANK ACCOUNTS AS CONTAINED IN THIS
CONTRACT SPA.
8..VESSEL DISCHARGES PRODUCT INTO BUYER’S FLANGE.