LIQUIDIFIED NATURAL GAS/50% PROPANE / BUTANE MIX
QUANTITY: MINIMUM 50, 000MT/MAXIMUM 500, 000MT MONTHLY
FOB PRICES: GROSS US $270/ NET US $260
LIFTABLE QUANTITY: 100, 000 MT
LOADING PORT: NOVOROSSIYSK/VLADIVOSTOK
WITH POSSIBLE ROLL & EXTENTION MONTHLY CONTRACT X 12 MONTHS
1) Buyer issue ICPO to Seller with full banking details.
2) Seller issue Draft Contract, CI, product passport, commitment to supply, product availability in storage
reservoir, Refinery\'s Export License and Refinery\'s Certificate of Registration to Buyer and Buyer sign back
the Draft Contract and CI and return to Seller for final endorsement. NCNDA & IMFPA will be signed and
endorsed for the protection to all intermediaries and all involved in the transaction.
3) Buyer provides his TSA/TSR and PORT CLEARANCE from tank farm facilitator for Sellers verification
with the tank farm to enable seller transport the product from the refinery\'s reservoir storage tank and inject
the product into buyers tank.
4) Seller furnish the buyer with Fresh SGS report (SGS), Dip Test Authorization (DTA) and Product Injection
Report (PIR) to conduct the dip test.
5) Buyer conduct dip test of the product and upon successful dip test, Buyer make payment by MT103 or TT
wire transfer for the total product available. Seller transfers the Title of Ownership to Buyer and all other
export/shipping documents. Seller pays the commission to all intermediaries involved within 24-48 hrs after
Seller received payment as per signed and endorsed IMFPA.
6) Lifting commence and Seller assist Buyer in loading the product to Buyers vessel.
7) Subsequent monthly deliveries/shipment will commence according to the terms and conditions of the
contract.
Yours Sincerely
