Petroleum Products

Our company represents a real buyer from China, for PETROLEUM products such as MAZUT

Buyer profile and LOI can be provided on demand. Please pay attention that buyer is a government company in china thus can not pay commission.
All commissions has to be paid by the seller/sellers mandate

First trial buying 50,000.mt, follow by 100,000.MT/MTH x 12 mths
Discharging Port : Huangdao Port, PR China
PAYMENT CONDITION BY : To issue Irrevocable Non-Transferable , Operative DL/C via swift MT700 to our Authorized company bank
INSPECTION BY SGS at Loading port and by C.I.Q at Discharging port
2% PB.

As far as our buyer is a government company, please make sure to understand the procedure:

  1. Seller will issue the following documents for the first trial shipment of 50,000mt:
    a) Resource from Refinery confirming contractual volume of goods to Seller, free for export
    b) Copy of Refinery commitment to produce the product;
    c) Copy of Statement of Availability of the product and allocation No.
    d) Copy of License to Export issued by Russian Ministry of Energy;
    e) Copy of Approval to Export issued by Russian Ministry of justice:
    f) Copy Of Chartered Party Agreement to transport the product to discharge port;
    g) Copy of Transneft Contract to transport the product to loading port.
    h) Certificate of quality by SGS;
    i) Certificate of weight by SGS;
    j) Copy of Storage Receipt ;
  1. Buyer issue ICPO to the Seller.
  1. Seller Issues Draft Contract Open for Amendments.
  1. Buyer Counters Sign And Seals The Draft Contract And Sends Via E-Mail To Seller.
  1. Seller issue Performa invoice to buyer, (Validity for 5 banking days)
  1. Buyer to issue Irrevocable   Non-Transferable, Non-Operative DL/C via swift MT700 to company’s Authorized bank and a scan copy of text receipt to Seller
  1. Seller Sister Company verifies Buyer POF and issue satisfaction n letter to Seller and Buyer to

proceed asap.

  1. Seller issue and Send full Proof of product (POP) and 2%PB to buyer’s bank for verification

to buyer bank account. The Full POP shall include the following documents
a) Resource from Refinery confirming contractual volume of goods to Seller, free for export
b) Copy of Refinery commitment to produce the product;
c) Copy of Statement of Availability of the product and allocation No.
d) Copy of License to Export issued by Russian Ministry of Energy;
e) Copy of Approval to Export issued by Russian Ministry of justice:
f) Copy Of Chartered Party Agreement to transport the product to discharge port;
g) Copy of Transneft Contract to transport the product to loading port.
h) Certificate of quality by SGS;
i) Certificate of weight by SGS;
j) Copy of Storage Receipt ;
k) Dip Test Authorization ;
l) Issued Q88 on the name of your company
m) Issued BL on the name of your company

Buyer’s DL/C became operational automatically.

  1. Deliver y Commences a s Per Contract an d The Shipment Should Arrive a t Buyer’s Discharge Port within 20-25 Days.
  1. Buyer make payment to seller bank via TT after CIQ inspection at discharge port
  1. Seller pays the commission to all Agents and Mandates as per signed IMFPA.