RUSSIAN PETROLEUM PROCEDURES

　STANDARD PROCEDURE FOB/CIF

1. Buyer Confirms Soft Offer and issues up-to-dated send to Seller their LOI / ICPO alongside CP

2. Seller issues Full Corporate Offer FCO to Buyer. / Buyer sign FCO and return to Seller

Within validate time and the acceptance of Term and procedures of the Seller Company

3. Seller send DRAFT CONTRACT, Buyer within 5 working days counter amends DRAFT CONTRACT signed

And sealed and Seller issue NCNDA/IMFPA.

4. Buyer sign and return the SPA Within the valid day to confirm the deal and issues BCL with the

Authorization letter to verify the BCL / Proof of Fund.

5. Seller issues Partial proof of products (PPOP) as follows:

Company Registration Certificate
Commitment to Supply
Confirmation Of Product Availability
Export License
Product Certificate of Origin
Product Passport (Quantity And Quantity Analysis)
Tank Storage Receipt

6. Seller Register/Notarize hard copy contract with involved Ministry of Energy.

7. Upon the agreement of the details on the contract, seller and buyer exchange legalized hard copies

Contract through courier OR in TTM Dubai/Istanbul/Moscow/Tehran

8. Buyer’s Bank issues documentary letter of credit (L/C) Seller Bank reply with a 2% Performance Bond

(PB) to buyer and the assignee names by means of prime 50 first world ranking Banks

Guarantee Model ICC 458 acceptable in written by BUYER and if the seller fail to supply the cargo

of the product this 2% will be paid to buyer.

9. Seller shall issues to BUYER’S bank the proof of product Full (POP) plus 2% Performance Bond

Which also includes the following:

The Seller will provide the following documents as POP:

Copy of license to export, issued by the department of the ministry of energy.
Copy of approval to export, issued by the department of the ministry of justice.
Copy of statement of availability of the product.
Copy of the refinery commitment to produce the product.
Copy of Transnet contract to transport the product to the port
Copy of the port storage agreement
Copy of the charter party agreement(s) to transport the product to discharge port.

10. Upon completion and verification of all transaction documents, Seller commences product delivery as the

Agreed shipping schedule in the contract.

11. Buyer pays by MT103 T/T wire transfer upon SGS-CIQ-CICC inspections within 5 working days of the product

Arrival at the Buyer’s nominated discharge port.

12. Seller pays commission to all involved mandates and intermediaries by T/T Wire Transfer as per the

Signed and agreed NCNDA/IMFPA within 3 banking days after receipt of Buyer’s payment for every

Shipment and the entire contract.

WARNING: We don’t ask any upfront fees at all procedures of purchase / hidden payment / pay for title take over / payment for legalization contract etc.,, We will not welcome any form of misconduct or misinterpretation of our company’s information’s or policies. Kindly report to us if you find any form of suspicious activities from any of our representatives so we can handle it immediately.

SBLC/BCL: The buyer’s Bank must be of prime 50 first world ranking banks.

ICPO’s: ICPO must be given in Confirmation of accepting the Seller's Term and Procedure and Includes soft prob , and ICPO must be addressed to our Company.