Russian D2

Procedures

1. Buyer requests a Soft Corporate Offer.

2. Seller submits a Soft Corporate Offer and the language for the ICPO.

FOR FIRST TIME BUYERS

3. The Seller will submit along with the Soft Corporate Offer a registration form and the language for the Financial Instrument that needs to be approved by Buyer’s Bank.

4. Buyer completes registration form and returns to Seller.

5. Seller processes the registration form and submits results to Buyer.

ALL BUYERS

6. Buyer returns to Seller the ICPO and the language for the Financial Instrument approved by the Buyer’s Bank.

7. Seller submits Final contract to Buyer for signature.

8. Signed contract is returned to Seller.

9. Seller signs and seals the contract and returns it to Buyer.

10. Both parties lodge contract with their respective Banks.

11. Buyer submits to Seller’s Bank Proof-Of-Funds via MT-999 within five (5) Banking days based on the pre-approved language for the Financial Instrument. If the MT-999 is not submitted within five (5) banking days then the contract is canceled.

12. Once MT-999 is received then Seller schedules vessels for shipment. Typically, it takes 48 to 72 hours for vessels to be scheduled and loaded, subject to vessel availability.

13. Once vessels have been loaded then the POP documents are submitted to the Buyer for review and verification.

14. Buyer coordinates with Seller for the Tanker Take Over of the product.

15. Seller issues the following POP documents:

Ø Charter Party Agreement

Ø Q88

Ø Bill of Lading

Ø Cargo Manifesto

Ø Authority to Board

Ø SGS as at time of loading of Vessel

Ø Certificate of Origin of Product

Ø Commercial Invoice

Ø Authorization to Dip the Tanker Tanks

16. Buyer will carry out the verification and endorsement of the POP, seal the same with their bank, and return to the Seller and issue a MT-103 for the full value equal to that of the product verified in the tanks or ships.

17. Buyer issues an inactive Financial Instrument via MT-760 such as IRDLC (Irrevocable Revolving Documentary Letter of Credit) or SBLC (Standby Letter of Credit) or BG (Bank Guarantee) equals to one month’s liftable amount.

18. Seller transfers Title to the Buyer’s Bank for the product lifted and that activates the Financial Instrument.

19. Buyer pays 100% at sight with MT-103 monthly and the Financial Instrument stands in background throughout contract

JENNIFER LAPITE

GENERAL MANAGERs

PHONE: +1-818-647-1411

SKYPE: JEVELQ88

INTEGRITY IS THE MAIN INGREDIENT TO A SUCESSFUL TRANSACTION!!!

COMPON ENT

UNIT

MIN

MAX

Density@ 20 Degrees C

Kg/m3

 

860

Cetane Index

 

45

 

Kinematic Viscosity @ 20 Degrees CO

Mm2(CST)

3.6

6.0

Acidity, mg KON for 100 cm3 of fuel

10

Ash Contents

%’

 

0.01

Sulfur Contents

%’

 

0.2

Mercaptan Sulfur Contents

%’

 

0.02

Hydrogen Sulfide Contents  (NONE)

Copper Plate Test Passed

Water Soluble Acids & Alkalis (NONE)

Contents of Mechanical Impurities (NONE)

Water Contents (NONE)

Flash Point Determined in a Closed Cap

20 Co

.62

 

Pour Point

Co

 

10

Turbidity Temperature

Co’

 

5

Iodine Number

g/100g of fuel

 

5

Actual Resins

Mg /100 cm3 of fuel

 

25

Coking Capability 10% Residue

%’

 

0.2

Color ASTM

 

 

2.0

FRACTION COMPOSITION (DISTILLATION)

50% Distilled

Co

 

280

96% Distilled

Co

 

360