SOFT CORPORATE OFFER
10 Million Barrels per Month x 12 Month Contract
Product: JP54. Colonial Grade 54
Seller: New Age Technology Seller’s Agent
Term: FOB Rotterdam
Amount: 10 M Barrels per Month x 12 Month Contract rolls and extensions
Price: Gross $66.00 USD/Net $60.00USD
Commission: TOTAL COMMISSION SHALL BE PAID BY THE SELLER AS FOLLOWS:- The amount of delivered refinery should be settled as herein stated to be transferred into the account as follows: Total Commissions is USD 6$//BBL [50% Buyer Side (Open) and 50% Seller Side (Closed)] •
SELLER side– USDX as a contract condition (Closed) 10.000.000 BBLs x 12 Months, USD 3$//BBL as a contract condition (CLOSED) •
BUYER side 10.000.000 BBLs x 12 Months, USD 3$//BBL, as a contract condition (Open), split: Buyers Side Commission
a. Group 1 Buyers Mandate and Intermediaries: $1.00 USD Open
b. Group 2 Facilitator- Diplomat Petroleum: $1.00 USD $1.00 (Closed)
c. Group 3 Seller Agent – New Age Technology: $1.00 USD (Closed)
Sales procedures are as follows: TERMS OF PAYMENT PROCEDURES FOB ROTTERDAM
1. Buyer sends (ICPO) with full banking information (no soft probe), includes the NCNDA – IMFPA with all the parties involved. This demonstrates inclusion and acceptance of seller’s procedures (Signed & Sealed by Buyer).
2. Seller sends F.C.O by e-mail;
3. Seller sends via e-mail draft contract to the Buyer and the Buyer counter sign the contract with amendments, if any. Then the Buyer sends back the draft contract to the Seller.
4. Buyer and Seller lodge the final contracts in their respective Banks.
5. Buyer’s Bank shall issue: Only BCL only via SWIFT (Bank to Bank) to the Seller’s Bank within three (3) international banking days after signing the contract, and a copy by e-mail to Seller.
6. Within three (3) international banking days upon receipt of banking instrument from Buyer’s Bank, Seller’s Bank shall transmit the FULL POP to Buyer’s Bank:
6.1.Tank Receipts and SGS.
6.2 Dip Test Authorization
6.3 Copy of the Export License
6.4 Copy of the Storage License
6.5 Copy of bank Swift POP confirmation for delivery.
6.6 Copy of the refinery Commitment to produce the product.
6.7 Copy of statement of availability of the product.
6.8 Charter party agreement.
7. Within three (3) international banking days Buyer shall carry out the verification and confirmation of full POP, and send via SWIFT the MT 103/23 to Seller Bank as payment for the first batch quantity, and MT103/23 or ITRDL/C NON – Operative, for subsequent lifts, and a copy by email;
8. Within three (3) international banking days, Seller’s issues 2% P.B to Buyer Bank through SWIFT (bank to bank), and MT103/23 or ITRDL/C becomes Operative;
9. The Payment of the goods is make in maximum 24 hours, from the Letter of Credit or MT103/23, issued by the Buyer, at the presentation by the Seller the following documents regulating delivery and payment of the Goods (loading shipping documents):
• Commercial invoice – one (1) original plus three (3) copies; Quantity shown must be the quantity assessed at Destination Port.
• Original Tank Receipt issued by a recognized tank storage facility indicating quantity of Goods to be delivered or to be made available to Buyer for delivery at Destination Port.
• Certificate of Quality issued or signed by the appointed Surveyor at Loading Port, confirming conformity of the Product quality shipped to contract Specifications.
• Certificate of Quantity issued or signed by the appointed Surveyor at Loading Port, indicating quantity in metric tons or in Barrels.
• Certificate of Origin issued or signed by the Chamber of Commerce or custom’s authorities, specifying the country of origin of the Product
10. In case the Seller has received the Buyer’s Payment Instrument and delays delivery of the Product according to the delivery schedule agreed and authorized by both Parties (Delivery Schedule, Appendix No.2 to the present Contract), the Seller pays to the Buyer a penalty at the rate of 0,1% from the undelivered Product cost for each delayed day, but not more than five percent (5%) from the cost of undelivered Product lot, which still does not exempt the Seller from the fulfillment of his obligations under this Contract. Buyer shall then have the right to deduct such penalty from payment of the Goods.
11. In case the Buyer delays payment according to the Terms of Payment, Appendix No.4 agreed and authorized by both the Parties, the Buyer pays to the Seller a penalty at the rate of 0,1% of the unpaid amount per each day of delay, but not more than 5% (five percent) of the unpaid amount. Payment of such penalty does not exempt the Buyer from the fulfillment of his obligations by Contract.
12. Final calculation of the payment under the present Contract is made at the end of shipment of all lots of the Goods (10.000.000 barrels ( BBL)) and performance of all conditions of the present Contract by the Parties. The Parties sign the certificate of verification that allows calculating the real total cost of the delivered Goods. The certificate is made out as financial document. Based on this act, the Parties perform clearance for possible differences between deliveries and payments.
13. Cargo insurance: 110% of the value of the Goods at the expense of the Seller, and assigned for the benefit of the Buyer or Buyer’s appointee.
14. Documentation: will be for customs only – no payment:
1) Signed commercial invoice, original and three copies covering the value of the actual shipment.
2) Tank Recepés at. Destination Port.
3) Original certificate of quality and quantity issued by SGS/other inspection agency appoint by the buyer and seller.
4) Certificate of Origin – one original, and three copies.
5) Insurance Police issued for 110 % value of the Goods made out to the Seller’s name – one original and three copies.
IMPORTANT! Please Read Frequently Asked Questions (FAQ):
Question: Are there any negotiations in the price?
Answer: The price is set by the Seller. There is no price negotiations!
Question: If the Seller has title why does it take three days for the Buyer to get the POP?
Answer: Time Zone. DP is a global company and has customers in every time zone in the world. We have no idea where a customer may submit a reply.
Questions: Can the procedure be changed?
Answer: The procedures are set by the Seller and are not negotiable.
Question: Can the commission structure be changed?
Answer: No! The commissions are set.
Question: Can Major Procedures be used?
Answer: The Seller has established these procedures to work with for this offer. The procedures are not negotiable.
Question: I do not want to send a Bank Comfort Letter (BCL), is there anything else I can send?
Answer: The procedures call for the Buyer’s Bank shall issue: Only BCL only via SWIFT (Bank to Bank) to the seller’s Bank within three (3) international banking days after signing the contract, and a copy by e-mail to Seller.
_____________________________________________________
SOFT CORPORATE OFFER
SCO Updated 6-18-2010
All offers are from the same refinery/seller. Procedures are NONNEGOTIABLE. Direct to seller (Refinery) and Seller Mandate WITH NEW PRICE CHANGE. PRICES ARE SUBJECT TO CHANGE WITHOUT NOTICE. NOTE: SELLER HAS 2 RUSSIAN PORTS THE BUYER CAN LIFT FROM AND SELLER CAN SHIP FROM. IF BUYER HAS ISSUES BECAUSE THEY CANNOT POF BECAUSE OF THEIR BANK WE CAN ASSIST THEM BUT THE MUST OF THE FUNDS.
NOTE: IF YOU HAVE A MAJOR. WE HAVE TO KNOW IF THEY WILL ISSUE A PURCHASE ORDER IF NOT THEN WE WILL PASS ON THEM. WE WILL NOT GIVE MAJORS PROCEDURES TO TRADE DESK OR RESELLERS SO PLEASE DO NOT ASK. AND IF YOU CLAIM TO BE A MAJOR AND WE FINDOUT YOU’RE NOT YOUR COMITTING FRAUD. IF THEY ARE NOT THE FOLLOWING:
EXXONMOBILE, ENI, ADNOC, CHEVRON, SHELL, BP AND PETROBRAS.
BUYER WILL SIGN A LETTER STATING THEY HAVE THE FUNDS AND NOT DEPEND ON THEIR ENDBUYERS FUNDS TO POF AND PAYMENT INSTRUMENT
COMMISSION IS PAID BY THE SELLER
Mandate box open (Must show papers)
Facilitator box closed Fixed prices that vary with the Market
1.) D2 contracts 500,000MT x 12 D2 AND UP ALL DEPENDS HOW STRONG YOUR BUYER CAN POF FOR 5% liftable at fixed price $520/$ 510 FOB Vladivostok or FOB Novo or FOB Kaliningrad AND CIF ASWP $530/$520
2.) D2 spots 1M D2 to 5M D2 spot 5% liftable at $540/$530 FOB Vladivostok or FOB Novo or FOB Kaliningrad AND CIF ASWP $550/$540
3.) JP54 spots 1M JP54 to 3M JP54 spot 5% liftable at $70/$66 FOB Vladivostok or FOB Novo or FOB Kaliningrad AND CIF ASWP $72/$67
4.) JP54 contracts 1M JP54 to 3M JP54 x 12 5% liftable at $68/$65 FOB Vladivostok or FOB Novo or FOB Kaliningrad AND CIF ASWP $70/$66
Platt Minus Price – Discount Prices Follow the Market
Offer 1
D2 (SPOT)
2M D2 to 5M D2 spot 5% liftable $50 USD Below Platt FOB Vladivostok or FOB Novo or FOB Kaliningrad same procedures as below
CIF ASWP $40 USD Below Platt
Offer 2
D2 (CONTRACT)
500,000MT x 12 D2 AND UP ALL DEPENDS HOW STRONG YOUR BUYER CAN POF FOR 5% liftable FOB Vladivostok or FOB Novo or FOB Kaliningrad $40 USD Below Platt same procedures as below
CIF ASWP $30 USD Below Platt
Offer 3
JP54 SPOT
1M JP54 to 5M JP54 spot 5% liftable $30 USD Below Platt FOB Vladivostok or FOB Novo or FOB Kaliningrad same procedures as below
CIF ASWP $20 USD Below Platt
OFFER 4
JP54 CONTRACT
1M JP54 to 5M JP54 X 12 5% liftable $35 USD Below Platt FOB Vladivostok or FOB Novo or FOB Kaliningrad same procedures as below
CIF ASWP $25 USD Below Platt
Offer 5
MAZUT M100 GOST 10585/99 (SPOT)
1M SPOT AND UP DEPENDING HOW STRONG YOUR BUYER IS 5% liftable FOB Vladivostok or FOB Novo or FOB Kaliningrad Price $25 USD Below Platt
CIF ASWP $20 USD Below Platt
OFFER 6
MAZUT M100 GOST 10585/99 (CONTRACT)
1M x 12 AND UP ALL DEPENDS HOW STRONG YOUR BUYER CAN POF FOR 5% liftable FOB Vladivostok or FOB Novo or FOB Kaliningrad $30 USD Below platt same procedures as below
CIF ASWP $25 USD Below Platt
Offer 7
MAZUT M100 GOST 10585/75 (SPOT)
1M SPOT AND UP DEPENDING HOW STRONG YOUR BUYER IS 5% liftable FOB Vladivostok or FOB Novo or FOB Kaliningrad Price FOB $30 USD Below platt
CIF ASWP $25 USD Below Platt
Offer 8
MAZUT M100 GOST 10585/75 (CONTRACT)
1M x 12 AND UP ALL DEPENDS HOW STRONG YOUR BUYER CAN POF FOR 5% liftable FOB Vladivostok or FOB Novo or FOB Kaliningrad $35 USD Below Platt same procedures as below
CIF ASWP $30 USD Below Platt
All Commissions are paid by Seller per accompanying Irrevocable Master Fee Protection Agreement (IMFPA) Pay Order
IF THE BUYER CANNOT FOLLOW THE PROCEDURES THEN WE CANNOT HELP THEM. IF THEY TRY TO CHANGE THE PROCEDURES IN THE MIDDLE OF THE TRANSACTION THE DEAL WILL BE CANCELED. BUYER MUST HAVE THE FUNDS TO POF AND NOT DEPEND ON THE END BUYER TO POF FOR THEM IF THAT OCCURS THE DEAL WILL BE CANCELED. MAKE SURE BUYER COMPLIES WITH THE PROCEDURES AND DEFINITELY HAS THE FUNDS BEFORE THEY ENGAGE. BECAUSE THE CONTRACT IS WITH THE BUYER NOT THEIR ENDBUYER.
AGAIN PLEASE NOTE: IF BUYER ENGAGES WITH NCND/IMFPA AND ICPO THEY ARE TELLING THE SELLER THEY HAVE THE FUNDS TO PAY FOR THE PRODUCT. IF THEY DO NOT HAVE THE FUNDS IN THEIR ACCOUNT TO PAY FOR THE PRODUCT AND NEED END BUYER TO SHOW POF FOR THEM OR THEIR BANK IS FINANCING THE BUYER THE SELLER WILL TERMINATE THE TRANSACTION.
Procedures:
16.2.1 Buyer submits NCND/IMFPA/Pay Orders. Then Seller will release name for ICPO with banking coordinates.
16.2.2 Seller issue Draft Contract for Amendment
16.2.3 Buyer signs the contract after edits.
16.2.4 Upon Validation of the Contract and Approval, the seller will send Buyer a Request for a PRE ADVISE RWA via SWIFT MT199 or MT799 or MT999 or MT103 sent to Sellers Bank Coordinates (Bank to Bank process begins).
16.2.5 Buyer’s Bank issues a PRE ADVISE RWA via SWIFT MT199 or MT799 or MT999 or Conditional MT103, and sends Swift confirmation code, Swift code of successful Swift code, and banking Tear Sheet sent via email to Seller Mandate to expedite process.
16.2.6 Seller’s bank will Email / Courier full POP for partial shipment of Lift able PRODUCT.
Full Proof of Product will consist of the following:
1) Statement of availability of product.
2) Refinery commitment letter to produce the quantity for the length of this contract.
3) CURRENT S.G.S Report confirming quantity and quality of product, issued at FOB or CIF Port of loading.
4) License to trade issued by the Russian government.
5) Approval to export issued by the Russian government.
6) Supply contracts for Russian Product between all parties.
7) Agreement of transshipment from AK TRANSNEFT for using their pipelines to pump Russian Product.
Storage agreement at the loading port for Russian Product.
9) Hard Copy of the Contract signed & endorsed by the Russian Ministry of Energy and much more.
10) DIP TEST AUTHORIZATION FOR LIFT ABLE QUANTITY TO “Buyer AND ASSIGNEES”
11) COPY OF TANK STORAGE RECEIPTS MADE OUT TO “Buyer”
16.2.7 Buyer provides MT103 for the Lift able PRODUCT against Seller’s Transfer of Title
16.2.8 After receiving the Buyer’s payment instrument RDLC, Seller Will provide Full POP for the Entire Contract and 2%PB
16.2.9 Seller provides Buyer a Dip Authorization Letter Part of Full POP
16.2.10 Lifting and payments proceed.
Full Proof of Product will consist of the following:
1) Statement of availability of product.
2) Refinery commitment letter to produce the quantity for the length of this contract.
3) CURRENT S.G.S Report confirming quantity and quality of product, issued at FOB or CIF Port of loading.
4) License to trade issued by the Russian government.
5) Approval to export issued by the Russian government.
6) Supply contracts for Russian Product between all parties.
7) Agreement of transshipment from AK TRANSNEFT for using their pipelines to pump Russian Product.
Storage agreement at the loading port for Russian Product.
9) Hard Copy of the Contract signed & endorsed by the Russian Ministry of Energy and much more.
10) DIP TEST AUTHORIZATION FOR LIFT ABLE QUANTITY TO “Buyer AND ASSIGNEES”
11) COPY OF TANK STORAGE RECEIPTS MADE OUT TO “Buyer”
FOLLOW PROCEDURE ******** NCND IS MUST – SIGNED BY BUYER !! *** WE DONE DEAL AND HAVE PAST PERFORMANCE ***
