Soft Corporate Offer: Sales Terms Transaction Procedure On Fob (Russian Ports)

Issued Date: 12 January, 2023
Validity: 31st may, 2023

To: Whom It May Concern
ATTN: Principal Buyer / Mandate
REF: NFTG /SCO/197/CIF/FOB/TTO
SOFT CORPORATE OFFER

Our COMPANY with legal responsibility under penalty of Perjury hereby Confirm the Availability and Capability to Supply the under
listed Products for Immediate Spot / TTO and Contract sales on CIF / FOB terms. The Supply 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. Only direct negotiations from end buyers, representative and
mandates will be considered
COMMODITY: AVIATION TURBINE FUEL (JET A1)

ORIGIN: RUSSIAN FEDERATION
ORIGIN: Kazakhstan
QUANTITY: TWO MILLION (2,000,000) BARRELS WITH R&E INTO YEARLY CONTRACT
PRICE CIF: US$ 86.00
PRICE FOB: US$ 82.00
COMMODITY: EN590 10PPM DIESEL GASOIL ULTRA-LOW SULPHUR

ORIGIN: RUSSIAN FEDERATION
ORIGIN: Kazakhstan
QUANTITY: FIFTY THOUSAND (50.000) METRIC TONS WITH R&E INTO YEARLY CONTRACT
PRICE CIF: US$ 370.00
PRICE FOB: US$ 350.00
LOADING PORTS: NOVOROSSIYSK / KOZMINO / PRIMORSK / UST LUGA / ROTTERDAM PORT, INSPECTION:
SGS FOR QUALITY & QUANTITY TEST REPORT.
PAYMENT TERMS: MT103 / TT PAYABLE 100% at Sight After Presentation Of Documents Required.
SALES TERMS TRANSACTION PROCEDURE ON FOB (RUSSIAN PORTS)
1. Buyer sends ICPO to Seller along with tank storage agreement (TSA) as proof of storage availability on receipt of Seller's Soft
Offer.
2. Seller issues Draft contract/commercial invoice CI, for the available quantity in the storage tank to Buyer, Buyer Signs and
returns to Seller with scan passport copy/ NCNDA/IMFPA signed by all buyer groups with commission structures.
3. Seller issues, Dip Test Authorization (DTA) letter sign by all parties including buyer’s tank farm.
4. Seller issues the below documents to Buyer, Buyer order SGS to conduct the Dip Test of the product in the Seller’s Tank at
Buyer’s expense:
a) Endorsed DTA -Dip Test Authorization by Both Seller & Buyer’s Tank Farm.
b) Fresh SGS Report.
c) Tank Storage Receipt (TSR)
d) Authority to Verify (ATV) (filled & endorsed and by Buyer’s SGS Dip-Test personnel & their passport copies) e)
Authorization to Sell (ATS)
5. Upon successful Dip Test, Buyer provides TSR Tank Details. Seller shall immediately submit the full Proof of Product
(POP) to the Buyer.
6. Buyer make 100% payment by SWIFT MT103 / TT wire transfer for the Payment of the total product to Seller, Seller
immediately transfer the Ownership Title Certificate to the Buyer.
7. Seller pays commission to all intermediaries involved in the transaction 24 hours after confirmation of the Buyer’s
Payment in accordance of the signed & sealed NCNDA/IMFPA which was notarized by the Notary Public in Russia as well as
Endorsed by the Seller’s Bank.
8. Seller confirms Buyer payment and both parties’ releases payment to all intermediaries on each side that Involved in
the transactions.
SALES TERMS / TRANSACTION PROCEDURES - SPOT - TTO
1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with Guarantee Letter to take over Title of the product.
2. Seller issue draft (MOU/TTO) agreement to Buyer counter-sign and return back to the seller along with Company
Registration Certificate.
3. The seller receives the signed MOU/TTO contract from the Buyer and legalizes the agreement with the Ministry of Energy,
Russian Federation, and within 48hrs, the seller releases the legalized signed/sealed M.O.U to the buyer.
4. Buyer confirms the receipt of the legalized MOU and reverts back immediately with an official letter of Readiness to take
over the cargo with the supplier's commercial terms and conditions and making the 5% down payment, which stands as the
Allocation Security & Guarantee Deposit, on receipt and confirmation of the product documents as listed on 4.1.
4.1. Seller sends to Buyer the following documents for Buyer's confirmation.
A. Seller's Company Registration Certificate.

B. Bill of Lading-(Initial buyer's details sanitized)
C. Vessel Tanker Details-VTD.
D. Product Passport-Dip-Test Report.
E. Certificate of Origin.
F. Proforma Invoice.
G. 5% Payment Deposit Invoice.
H. Cargo Manifest.
I. Cargo Ullage Report.
J. Cargo’s Q88.
5. Buyer within 3 days of confirming the goods documents, makes a 5% down a deposit of the total on-board cargo, which
stands as an Allocation Security & Guarantee payment to the seller nominated bank by T/T Wire Transfer within 3 banking
days, which shall be deducted from the total payment value of the take-over product.
6. The seller releases the product's SGS Test Report with Dip-Test Authorization (DTA) to the buyer, and the B/L is released in
the buyer's details, allowing the buyer company to order an SGS inspection team for Q&Q conformity analysis inspection
upon goods or cargo arrival at the discharge port.
7. Upon the successful completion of the Dip-test inspection, Buyer makes the balance 95% payment by MT103 wire transfer
for the total goods value, the seller transfers the title of ownership certificate to the buyer's name as the legitimate owner
of the goods, and trans-loading commences.
8. Trans-loading commences immediately.
9. Seller will release payments to the intermediaries involved within 48 hours of receiving the Payment for the product from
the Buyer’s bank
SALES TERMS / TRANSACTION PROCEDURES – CIF

1.Buyer issues ICPO (Irrevocable Corporate Purchase Order) after acceptance of Seller’s terms, Conditions and Procedure.
2.Seller issues draft Contract, buyer countersigned and returns back, and seller present CPA (Charter Party Agreement) from shipping
company for buyer’s signing.
3.Buyer signs the Charter Party Agreement with the shipping company and sends copy of the signed Charter Party Agreement to seller.
4. Seller issues Partial POP documents to buyer to verify the availability of the product; i. Product Passport certificate ii. Refinery
commitment to supply iii. Refinery statement of product availability iv. Company registration certificate v. Certificate of Origin
5. Within 72 hours of receipt of above POP documents, Buyer and Seller pay the shipping cost 50%/50% each to the shipping company to
transport the product to Buyer destination port, which serves as commitment assurance that Buyer will not default in the transaction.
The payment shall be deducted from the total cost the of product.
6. Delivery commences as schedule and Seller issues the full POP documents to Buyer;
7. Upon arrival of product at Buyer’s destination port, Buyer conduct Dip-Test inspection of the product by SGS / CIQ inspection and makes
payment for the product by MT103 after Q&Q inspection.
8. Seller makes payments to all involved intermediaries / mandates in accordance with the signed NCNDA/IMFPA.
9. Buyer issue non-transferable MT700 IRDLC (Irrevocable Revolving Documentary Letter of Credit) to Seller for the subsequent 12-month
delivery.

Soft Corporate Offer: Sales Terms Transaction Procedure On Fob (Russian Ports)

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Issued Date: 12 January, 2023

Validity: 31st may, 2023

SOFT CORPORATE OFFER

COMMODITY: AVIATION TURBINE FUEL (JET A1)

COMMODITY: EN590 10PPM DIESEL GASOIL ULTRA-LOW SULPHUR

SALES TERMS TRANSACTION PROCEDURE ON FOB (RUSSIAN PORTS)

SALES TERMS / TRANSACTION PROCEDURES - SPOT - TTO

A. Seller's Company Registration Certificate.

8. Trans-loading commences immediately.

SALES TERMS / TRANSACTION PROCEDURES – CIF

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