LUKOIL “RNP-TRADING
LLC.”
11, Sretensky Boulevard, Moscow, Russia, 101000
06/10/2022
To: ETABLISSEMENT IBA DIAGNE SARR RC 2002 A 1016
ORIGIN: RUSSIA
DELIVERING: CIF
INCOTERMS: COST INSURANCE AND FREIGHT
LOADING PORT: NOVOROSSIYSK, / PRIMORSK / VLADIVOSTOK /
ROTTERDAM & HOUSTON PORTS
PAYMENT TERMS: SBLC, T/T WIRE TRANSFER & MT103
INSPECTION: SGS
INSURANCE: PAID BY SELLER COVERING 110% OF THE SHIPMENT VALU E
FULL CORPORATE OFFER
We "PJSC LUKOIL" under penalty and Perjury hereby confirm the availability of the under listed Product. The
Supplier is guaranteed to meet the Specifications and pass through the stringent requirements of SGS or Equivalent.
Financial Statement from the Buyer's bank clarifying buyer's financial capability will be required to consider buyer's
negotiations.
GASOIL
Maximum Quantity: 150,000 MT per Month X 12
CIF Price: Gross USD $ 250.00MT NET / USD $ 240.00MT on CIF
CIF ASWP APPROVED STANDARD BANKING WORKING PROCEDURES
1. Buyers issues Irrevocable Corporate Purchase Order (ICPO) addressed to the Seller's Refinery along with company profile and buyer
passport.
2. Seller issues the draft SPA for buyer's review and signing
3: Seller legalizes and registers the contracts with the insurance company and notarizes them with the appropriate Authorities of the
ministry of energy along with the below PPOP document.
a. Product Quality Passport Quality Certificate.
b. Certificate of Product Origin.
c. Product availability o Commitment letter to supply the product from Ministry of Energy.
d. [ATSC].
115035, Moscow, st. Bolshaya Ordynka, Building 1
LUKOIL “RNP-TRADING
LLC.”
4. Buyer’s bank per seller’s verbiage shall issue SBLC/DLC within six (6) working days for first shipment’s value
to seller’s financial bank to enable the seller to commence loading of a product with the shipping company. seller to finalize loading within
six (6) working days. But if the buyer fails to issue SBLC/DLC within six (6) working days, as an alternative provision buyer pays 3% of
the total product value directly to the shipping company or a payment account designated by the Seller either via MT103, Bitcoin or USDT
as a transaction guarantee which will be deducted from the product’s invoice value of the product at the destination port.
5. After confirmation by seller’s bank, the seller at own expense, charters with shipping/logistic company and alert buyer on shipment
ordered graphic/schedule accompanied with the submission of nominated Vessel details to the buyer.
6. Seller’s bank responds with contractual operative 3% PB and full POP to buyer’s bank within seventy -Two (72) hours since buyer’s
instrument confirmed by seller’s bank
a) Copy of the Port Storage Agreement.
b) Copy of the CPA, to Transport the Product to Discharge Port.
c) Vessel Q88.
d) Original BL (full set).
e) Copy of SGS Report.
7. Upon successful product confirmation against the SGS/CIQ Report of Quality and Quantity at the destination port, the buyer makes
payment by MT103.
8. Seller and buyer, within seventy-two (72) hours, the seller pays commissions to the seller side and the buyer pays buyer side
intermediaries involved in the transaction.
TRANSACTION PROCEDURE ON CIF 2
1. Buyer issues ICPO with this procedure incorporated on the ICPO along with Buyer’s company registration certificate.
2. Seller Issues Sale & Purchase Agreement (SPA), Buyer review, amend (if necessary), signs, and return the SPA in WORD format to
Seller within 3 banking days. Seller sends final SPA to Buyer in PDF format; Buyer confirms final SPA and issues letter of
acceptance of the final SPA.
3. Seller issues to Buyer via email the following transaction documents:
A. commitment to supply
B. statement of product availability
C. certificate of origin)
D. product passport E. ATSC,
The buyer confirms the receipt of the documents by mail and issues a confirmation letter within 24hrs.
4. Seller arranges the chartered freight with a renowned shipping company for the transportation of the product to buyer designated
discharge port, both Seller and Buyer sign the Charter Party Agreement (CPA) together with the shipping company (A three-party
CPA) this is applicable only for 1st shipment. (Seller & Buyer) jointly pays CPA cost 50/50 via T/T wire transfer directly to the
shipping company. The fee would later be refunded /deducted when the Buyer is paying for the total product cost).
5. After completion of the above, Seller issues to Buyer product title transfer agreement, Buyer signs and returns. Seller legalizes the
Contract with the authorities in charge and sends
6. To the buyer the legalized contract, the certificate of product title transfer and then proceeds with the port & custom clearance of
product and all internal routines operations accordingly.
7. Upon completion of the above and confirmation of this export approval by the Authority to Seller with the endorsement of the
Charter Party Agreement (CPA) and the Shipping Schedule by the Port Authority, to enable Seller release the below Proof of
Product Documents:
~ Legalized Charter Party Agreement (CPA) with the Loading Port Authority.
~ Injection Report
115035, Moscow, st. Bolshaya Ordynka, Building 1
LUKOIL “RNP-TRADING
LLC.”
~ Product Allocation Certificate.
~Allocation Title Transfer Certificate.
~ Export License ~ Export Approval ~ Tank Receipt.
~ Dip Test Authorization.
8. Seller issues the commercial invoice and sends to Buyer and within 5 working days, Buyer’s bank issues to Seller’s bank
swift operative
Standby Letter of Credit (SBLC) via Swift MT760 or Documentary Letter of Credit (DLC) via Swift MT700 for the entire
1st shipment total product value, and for Seller to lodge and activate a 2% PB (Performance Bond/Performance
Guarantee) in the favour of the Buyer. If Seller fails to supply the cargo/shipment of the product to the Buyer this 2%
Performance Bond will be paid/forfeited to the Buyer.
9. The product SGS inspection charges will be borne by the Seller at the loading port. Seller invites buyer for visitation to
witness the final inspection and TTM for negotiation of the future transaction (Optional to Buyer). Seller signs
NCNDA/IMFPA between all intermediaries involved with the notarized copy sent to Seller's bank.
10. Loading & Shipment of the product commences as per schedule. Upon Vessel’s arrival and finalization of SGS at
the destination port, Buyer release payment via swift fund transfer within 3 to 5 banking days to Seller for the total.
APPROVED AND SIGNED BY:
Mr. Denis Rogachev
Vice President Procurement
115035, Moscow, st. Bolshaya Ordynka, Building 1
LUKOIL “RNP-TRADING
LLC.”
115035, Moscow, st. Bolshaya Ordynka, Building 1
