DATE 02 SEPTEMBER 2019 VALIDITY
UNTIL 08 DECEMBER 2019
FULL CORPORATE OFFER
CIF AND FOB PROCEDURES
GNGROUP in collaboration
with Our Refinery, Manufactory, Factory, Supplier or Seller, with Ref GNG/TRO-SGD45GDH4784CC/SEP-DEC/2019
full legal responsibility, hereby issue this Soft/Full Corporate Offer with
given terms and conditions as stated in this Offer to confirm our readiness to
execute a Sales and Purchase Agreement with the ability to supply the following
commodity according to the terms and conditions stipulated in this soft
corporate offer
NO.
|
CONTENTS
|
DESCRIPTIONS
|
1.
|
SHIPMENT TIME CIF
|
15 DAYS – 21 DAYS
|
2.
|
SHIPMENT TIME FOB
|
2 DAYS – 3 DAYS
|
3.
|
INSPECTION
|
SGS OR EQUIVALENT
|
4.
|
SPECIFICATION
|
STANDARD SPECIFICATION OR BUYER’S REQUEST
|
5.
|
PROCEDURES NO.1
|
FOB STORAGE TANK TO STORAGE TANK ONLY 1
|
6.
|
PROCEDURES NO.2
|
FOB STORAGE TANK TO STORAGE TANK ONLY 2
|
7.
|
PROCEDURES NO.3
|
FOB WITH BANKING PROCEDURES
|
8.
|
PROCEDURES NO.4
|
FOB STORAGE TANK TO VESSEL ONLY
|
9.
|
PROCEDURES NO.5
|
PROCEDURES FOR CIF WITH DLC MT700 OR SBLC/BG SWIFT MT760
|
10.
|
PROCEDURES NO.6
|
PROCEDURES FOR CIF WITH DLC SWIFT MT700
|
11.
|
PROCEDURES NO.7
|
FOB WITH TTM PROCEDURES
|
PRODUCT OFFER 1
|
||
DIESEL-GAS
OIL L0.2-62 GOST 305-82 (DIESEL D2)
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$390 / 380 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$370 / 360 PER MT
|
|
QUANTITY MINIMUM
|
50,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
900,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 2
|
||
RUSSIAN
MAZUT M100 GOST 10585-75 OR 99
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$290 / 280 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$270 / 260 PER MT
|
|
QUANTITY MINIMUM
|
50,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
300,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 3
|
||
RUSSIAN
JET FUEL JP54 OR JET A191/91 (AVIATION KEROSENE COLONIAL GRADE 54/A1)
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$68 / 66 PER BBL
|
|
FOB PRICE GROSS / NET
|
USD$58 / 56 PER BBL
|
|
QUANTITY MINIMUM
|
500,000.00 BBL PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
5,000,000.00 BBL PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM
|
|
COMMISSION
|
USD$2.00 PER BBL
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 4
|
||
RUSSIAN
HSD2 (HIGH SPEED DIESEL) 50PPM
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$410 / 400 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$390 / 380 PER MT
|
|
QUANTITY MINIMUM
|
50,000 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
300,000 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 5
|
||
RUSSIAN
D6 VIRIGIN FUEL OIL
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$0.89 / 0.87 PER GALLON
|
|
FOB PRICE GROSS / NET
|
USD$0.85 / 0.83 PER GALLON
|
|
QUANTITY MINIMUM
|
1,000,000 GALLONS
|
|
QUANTITY MAXIMUM
|
50,000,000 GALLONS
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$0.02 PER GALLON
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 6
|
||
DIESEL
EN590 10PPM: EURO 5 OR EURO 4
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$390 / 380 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$370 / 360 PER MT
|
|
QUANTITY MINIMUM
|
20,000 MT
|
|
QUANTITY MAXIMUM
|
200,000 MT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK / PRIMORKS
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 7
|
||
RUSSIA
EXPORT BLEND CRUDE OIL (REBCO) – GOST 51 858-2002 OR GOST 9965-76
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$85 / 83 PER BBL
|
|
FOB PRICE GROSS / NET
|
USD$75 / 73 PER BBL
|
|
QUANTITY MINIMUM
|
100,000 BBLS
|
|
QUANTITY MAXIMUM
|
10,000,000 BBLS
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: NOKHODKA / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$5 PER BBL
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 8
|
||
RUSSIAN
HSD2 GAS OIL L-0.2-62 GOST 305-82 AGO (AUTOMATIVE GAS OIL)
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$390 / 380 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$370 / 360 PER MT
|
|
QUANTITY MINIMUM
|
50,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
300,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: TO BE ADVICED
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 9
|
||
RUSSIAN
LIQUEFIELD PETROLEUM GAS (PROPANE (C3H8) 50%+ BUTANE (C4H10) – LPG
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$320 / 310 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$300 / 290 PER MT
|
|
QUANTITY MINIMUM
|
50,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
300,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 10
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$320 / 310 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$300 / 290 PER MT
|
|
QUANTITY MINIMUM
|
50,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
300,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 11
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$380 / 370 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$360 / 350 PER MT
|
|
QUANTITY MINIMUM
|
10,000.00 MT PER MONTHS
|
|
QUANTITY MAXIMUM
|
100,000.00 MT PER MONTHS
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 12
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$270 / 260 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$250 / 240 PER MT
|
|
QUANTITY MINIMUM
|
10,000.00 MT PER MONTHS
|
|
QUANTITY MAXIMUM
|
100,000.00 MT PER MONTHS
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 13
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$290 / 280 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$270 / 260 PER MT
|
|
QUANTITY MINIMUM
|
50,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
100,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 14
|
||
RUSSIAN
SUPER GASOLINE 91 RON (UNL) 93, 89, 95 OCTANES
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$360 / 350 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$340 / 330 PER MT
|
|
QUANTITY MINIMUM
|
50,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
300,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 15
|
||
RUSSIAN
BASE OIL SN.150, SN 100, SN 300, SN 500
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$380 / 370 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$360 / 350 PER MT
|
|
QUANTITY MINIMUM
|
50,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
100,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 16
|
||
LIGHT
CRUDE OIL
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$100 / 95 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$90 / 85 PER MT
|
|
QUANTITY MINIMUM
|
50,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
100,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$5 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
PRODUCT OFFER 17
|
||
PETROLEUM
COKE
|
||
ORIGIN
|
RUSSIA FEDERATION
|
|
CIF ASWP GROSS / NET
|
USD$120 / 110 PER MT
|
|
FOB PRICE GROSS / NET
|
USD$100 / 90 PER MT
|
|
QUANTITY MINIMUM
|
50,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
QUANTITY MAXIMUM
|
100,000.00 MT PER MONTHS WITH R&E INTO YEARLY CONTRACT
|
|
FOR CIF DESTINATION
|
ANY SAFE WORLD PORT OR SHIP TO SHIP INTERNATIONAL WATER
|
|
FOR FOB DESTINATION
|
PORT: ROTTERDAM / NOVOROSSIYSK / VLADIVOSTOK
|
|
COMMISSION
|
USD$10 PER MT
|
|
BUYER’S COMMITMENT
|
OFFICIAL ICPO + SCAN PASSPORT + CP + LATEST BCL
|
|
GUARANTEE PAYMENTS CIF
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT
|
|
GUARANTEE PAYMENTS FOB
|
SWIFT MT700 DLC or MT760 SBLC/BG or MT103/TT or TSA/TSR or CPA/Q88
|
|
TRANSACTION PROCEDURE
FOB SPOT CI DIP & PAY FOR PORT OF HOUSTON / ROTTERDAM / PRIMORSK
STORAGE TANK TO STORAGE
TANK
|
|
STEP 1
|
GNGROUP issued to Buyer:
a) Official FCO
b) Template ICPO Format
c) Template BCL Format
|
STEP 2
|
Buyer issues to:
a) Official ICPO Via GNGROUP (M) SDN.
BHD.
b) Buyer’s Scan Passport
c) Buyer’s Company Profile
d) Buyer’s Latest BCL To GNGROUP (M)
SDN. BHD.
e) Tank Storage Agreement (TSA)
|
STEP 3
|
Seller issues Draft Contract + CI +
Warning Letter to Buyer + NCND IMFPA
|
STEP 4
|
Buyer's signs and returns Draft
Contract + CI + Warning Letter + NCND IMFPA + TSA to seller.
|
STEP 5
|
Seller will complete Verification on
the TANK FARM of the buyer before making their three (3) days tank lease
payment.
|
STEP 6
|
Seller leases and pays the buyer’s tank
for 3 days for the Injection Process. Buyer pays his Tank Farm Company for
his two (2) days’ tank storage costs, (totalling a five (5) day TSR) after
his Tank Farm Company has received the payment from Seller Company three (3)
days cost
|
STEP 7
|
Seller issues Unconditional DTA and SGS
report
|
STEP 8
|
Buyer conducts Dip test on the product
and makes the payment for the total value of product
injected into the tanks through the
means of MT103- TT.
|
STEP 9
|
Seller pays all intermediaries involved
in the transaction and subsequently monthly shipment
continues as per terms and conditions
of the sales and purchase agreement contract between buyer
and seller
|
REFERANCE PROCEDURES NUMBER 2
|
|
NON-NEGOTIABLE PROCEDURE SPOT / FOB
STORAGE TANK TO STORAGE TANK
|
|
STEP 1
|
GNGROUP issued to
Buyer:
a) Official FCO
b) Template ICPO
Format
c) Template BCL
Format
|
STEP 2
|
Buyer issues to:
a) Official ICPO Via
GNGROUP (M) SDN. BHD.
b) Buyer’s Scan
Passport
c) Buyer’s Company
Profile
d) Buyer’s Latest BCL
To GNGROUP (M) SDN. BHD.
e) Tank Storage
Agreement (TSA)
|
STEP 3
|
Seller issues
commercial invoice (CI) for the available quantity in the storage tank to
buyer. Buyer signs and returns to seller the commercial invoice and a scan
copy of the buyer's passport.
|
STEP 4
|
Seller receives the
signed (CI) and issues to Buyer the PPOP documents:
a. Tank Storage
Receipt (TSR).
b. Authorization to
Verify (ATV-with phone call and email).
c. Authorization to
Sell/Collect (ATSC).
d. certificate of
origin
|
STEP 5
|
Buyer contact their
tank farm to obtain the BOOKING CONFIRMATION LETTER and NOR from there tank
farm confirming their readiness to receive the product in their storage tank
and send to the seller.
|
STEP 6
|
Seller approve and
issue DTA for buyer and its SGS Agents to proceeds with the dip Test
inspection process on seller's tank.
|
STEP 7
|
Upon successful dip
test, Buyer makes 100% payment by MT103 TT Wire Transfer for the total
product.
|
STEP 8
|
Seller proceeds with
the tank to tank transfer of the product to the buyers secured shore tank at
the loading port.
|
STEP 9
|
Seller pays All
Intermediary Involved in the Transaction, and Subsequently Monthly Shipment
Continues as per Terms and Conditions of the Sales and Purchase Agreement
Contract between Buyer and Seller.
|
STEP 10
|
Seller issues draft
contract to buyer to review for R & E monthly deliveries.
|
PROCEDURES FOB DIP &
PAY BANKING PROCEDURES
STORAGE TANK TO STORAGE
TANK OR STORAGE TANK TO VESSEL
Dip Test on Seller tank
before injection into buyer hire tank
|
|
STEP 1
|
GNGROUP provides to buyers:
a) SOFT CORPORATE OFFER (SCO)
b) TEMPLATE ICPO FORMAT
c) BCL Format Template
|
STEP 2
|
Buyer provides to GNGROUP:
a) Official ICPO, Address ICPO to:
GNGROUP (M) SDN. BHD., Attn to: MR SYAPOL MA'AROF MOHD
b) Copy of Buyer Scan Passport
c) Buyer's Company Profile in PDF file
d) Latest BCL To GNGROUP (M) SDN. BHD.
|
STEP 3
|
GNGROUP Issues SPA and Proforma Invoice
for Buyer to sign and return to Seller
|
STEP 4
|
Buyer bank within 4 days issues
Operative Irrevocable Confirmed Standby Letter of Credit (SBLC) MT-760 or
Swift MT700 Via DLC to seller nominated bank and sends swift Copy to Seller
|
STEP 5
|
Fiduciary Post 2% PB to buyer bank
after authentication and verification of the SBLC/DLC via bank to bank and
Within 4-7 days Seller hires tanks at their own cost and injects fuel into
the hired tanks and then Seller sends to Buyer the following Documents
a. Unconditional DTA
b. Authorization to Verify (ATV)
c. TSR
d. Fresh SGS (less than 48 hours old)
e. Commitment to Supply
f. Certificate of Origin
g. Q & Q done by indigenous lab at
port of Origin
h. Authorization to Sell (ATS)
i. License Certificate
j. Statement of availability of product
|
STEP 6
|
Buyer conduct dip test in hired tanks
by SGS or Agent and Buyer authorize Payment for the Fuel via MT103 or T/T and
Seller transfer the ownership of the tank to buyer and along with Title
documents to buyer.
|
STEP 7
|
Seller pays
commission to Seller Side and Buyer Side:
50% of total
commissions - Closed to Seller Mandate Holder
50% of total
commissions - Open to Buyer Mandate and Buyer Intermediaries
|
STEP 8
|
For monthly Bank
Buyers Will issue New SBLC or BG or DLC Expansion for 12 Months for
Subsequent Shipping and GNGROUP opens 2% PB to buyer bank for 12-month
contract sales of products. Seller move the fuel to Port Rotterdam and inject
fuel into the hired tank and issue DTA/ATV/ Fresh SGS/TSR with (GPS),
PIR/Q88/BL to buyer and buyer dip test and pay via MT103/T/T this will continue
till the 12 months delivery is completed.
|
PROCEDURES FOB DIP &
PAY
FOB STORAGE TANK TO
VESSEL
|
|
STEP 1
|
BUYER ISSUES ICPO + COMPANY PROFILE +
SCAN PASSPORT Issue to Sales Director of: GNGROUP (M) SDN. BHD. ATTN: MR.
SYAPOL MA’AROF MOHD., Latest BCL To GNGROUP (M) SDN. BHD.
|
STEP 2
|
Seller send CI (Commercial Invoice) for
buyer review and sign
|
STEP 3
|
Buyer returns CI and provides CPA from
Russian Shipping Company and must be sent to Seller for review and approval.
|
STEP 4
|
The seller informed the buyer CPA
status, whether CPA can be applied or rejected. If the CPA is approved, Buyer
must place the Seller Name as Supplier in the CPA and Buyer as a Vessel
tenant.
|
STEP 5
|
Buyer itself complete CPA with Russian
Shipping Company. Russian Shipping Company issued Q88 to buyer. Q88 and All
Shipping Documents must contain the Seller name as Supplier and the buyer as
the tenant.
|
As
soon as the seller receives the Q88 and shipping documents from the buyer.
Seller issue POP Documents and send directly to buyer email address the
following:
a)
Commitment to supply
b)
Certificate of Origin
c)
Q&Q done by indigenous lab at port of Origin
d)
Notice of Readiness to Commence Injection of the Product into buyer Vessel
e)
Authorization to Seller
f)
License Certificate
|
|
STEP 7
|
Buyer provide Full details of the
Captain and Readiness to Receive the Fuel into the Vessel (RTRF) A. Port
terminal code of the Shipping company and all documents address to Seller by
Shipping company.
|
STEP 8
|
Seller provide to buyer Dip Test
Authorization, Pre-Injection Report, Tank with fuel to inject in buyer tank, Authorization
to Verify, Fresh SGS to Buyer and Buyer Send SGS to conduct Dip test and SGS
issue SGS report to buyer
|
STEP 9
|
Seller Transfer fuel into buyer Vessel
|
STEP 10
|
Upon Buyer lift fuel into their own
Vessel and after the buyer make payment via MT103/T/T against lifted quantity
to Seller nominated bank.
|
STEP 11
|
Seller issue Title Ownership Documents
to buyer upon confirm buyer payment.
|
STEP 12
|
Seller pays commission to Seller Side
and Buyer Side
A) The 50% of total commissions -
Closed to Seller Side
B) The 50% of total commissions - Open
to Buyer Mandate and Buyer Intermediaries, (only one pay master)
|
STEP 13
|
Buyer open SBLC/MT760
for monthly shipment and Seller open 2%PB to buyer.
|
STEP 14
|
Seller inject fuel
into buyer Vessel and Buyer Pays by MT103 against SGS report and Seller issue
Title ownership documents to buyer (Process revolves until exhaustion of
contract)
|
REFERANCE PROCEDURES NUMBER 5
|
|
PROCEDURES FOR CIF ASWP TRIAL/CONTRACT
Payment guarantee: SBLC/BG via SWIFT MT760 or DLC
MT700 only, Payment to Seller Nominated Bank
Country Receiving Bank: China & Malaysia
|
|
STEP 1
|
GNGROUP provides to
buyers:
a) SOFT CORPORATE
OFFER (SCO)
b) TEMPLATE ICPO
FORMAT
c) TEMPLATE BCL
FORMAT
|
STEP 2
|
Buyer provides to GNGROUP:
a) Official ICPO,
Address ICPO to: GNGROUP (M) SDN. BHD., Attn to: MR SYAPOL MA'AROF MOHD
b) Copy of Buyer Scan
Passport
c) Buyer's Company
Profile in PDF file
D) Latest BCL to
GNGROUP (M) SDN. BHD.
|
STEP 3
|
GNGROUP provides to
buyers:
Draft SPA (Sales
Purchases Agreement) For review, completion or any correction.
|
STEP 4
|
Then the buyer sends
Email the Draft SPA back to GNGROUP Via Email
|
STEP 5
|
GNGROUP provides to
buyer "Proforma Invoice" and Buyer sign proforma invoice and email
back to GNGROUP
|
STEP 6
|
Buyer within 5
banking days, buyer's bank sends Swift SBLC/BG MT760 or DLC MT700 to seller nominated
bank and send swift copy to Seller. But if the buyer fails to issue SBLC/BG
MT760 or DLC MT700 within Five 5 Banking days, as an alternative provision
buyer pays via MT103 TT the shipping cost to seller, the amount of the
shipping cost depends on the location of the country and continental port.
Upon the confirmation of the shipping cost, the Seller will proceed with the
loading of the product without any delay, which will be deducted from the
product’s invoice value when final payment is made by the buyer after
discharge of product at the destination port
|
STEP 7
|
Seller issue Full POP
and Shipping Documents, 2% PB Including:
a) Copy of Commercial
Invoice.
b) Copy of Approval
to License certificate.
c) Copy of Statement
of Availability of the Product.
d) Copy of the
Refinery Commitment to Produce the Product.
e) Copy of the
Transnet Contract to Transport the Product to the Port.
f) Copy of the Port
Storage Agreement.
g) Copy of the
Charter Party Agreement(S) To Transport the Product to Discharge Port.
h) Dip test
Authorization, Tank receipt and SGS report.
i) Copy of Vessel
Questionnaire 88
j) Copy of Bill of
Lading.
k) Certificate of
Origin.
l) Allocation
Transaction Passport Code Certificate [ATPCC]
m) The customs
formalities, and test report to buyer/Bank.
|
STEP 8
|
IF SHIP TO SHIP
OCEAN:
Buyer submits his
Vessel information. Q88, CPA and Location Clearance. Vessel Captains contact
each other and coordinate boarding of vessel for buyer’s inspectors. Upon
successful dip test, Buyer pays for “exact quantity” of product in Proforma
Invoice using MT-103 / TT by Wire transfer delivered into vessel, 100%
payable for each shipment within 1-2 banking days upon the cargo passed SGS.
IF SHIP TO BUYER’S
PORT:
GNGROUP or Refinery
loads the vessel, inspects the product on-board the vessel and deliver the
product at a mutually agreed safe port. At the delivery port, the buyer will
conduct his own inspection to ascertain the quantity and quality of the
product. Upon successful dip test, Buyer pays for “exact quantity” of product
in Proforma Invoice using MT-103 / TT by Wire transfer delivered into vessel,
100% payable for each shipment within 1-2 banking days upon the cargo passed
SGS.
|
STEP 9
|
Product is
transferred to buyer's vessel with all shipping documentation and title is
transferred to buyer.
|
STEP 10
|
Seller pays
commission to Seller Side and Buyer side commissions:
A. 50%: Seller Side:
(50% Closed to Seller Side)
B. 50%: Buyer side:
(50% Open to Buyer Mandate & Intermediaries)
C. The agreed
commission will be included within an Irrevocable Master Fee, Protection
Agreement (IMFPA) to be signed between the buyer and the seller, group of
each party prior to issuance of the Sales and Purchase Agreement (SPA).
|
STEP 11
|
Bank Buyers Will
issue New SBLC or BG Expansion for 12 Months for Subsequent Shipping and
GNGROUP opens 2% PB to buyer bank for 12-month contract sales of products.
|
PROCEDURES FOR CIF ASWP
TRIAL/CONTRACT
Payment guarantee: DLC
via MT700 only, Payment to Fiduciary Company Outside Russia
Country Receiving Bank: Malaysia
|
|
STEP 1
|
GNGROUP provides to buyers:
a) SOFT CORPORATE OFFER (SCO)
b) TEMPLATE ICPO FORMAT
c) TEMPLATE BCL FORMAT
|
STEP 2
|
Buyer provides to GNGROUP:
a) Official ICPO, Address ICPO to:
GNGROUP (M) SDN. BHD., Attn to: MR SYAPOL MA'AROF MOHD
b) Copy of Buyer Scan Passport
c) Buyer's Company Profile in PDF file
D) Latest BCL to GNGROUP (M) SDN. BHD.
|
STEP 3
|
GNGROUP provides to buyers:
Draft SPA (Sales Purchases Agreement)
For review, completion or any correction.
|
STEP 4
|
Then the buyer sends Email the Draft
SPA back to GNGROUP Via Email
|
STEP 5
|
GNGROUP provides to buyer
"Proforma Invoice" and Buyer sign proforma invoice and email back
to GNGROUP
|
STEP 6
|
Buyer within 5 banking days, buyer's
bank sends Swift DLC MT700 to seller’s Fiduciary nominated bank and send
swift copy to Seller. But if the buyer fails to issue DLC MT700 within Five 5
Banking days, as an alternative provision buyer pays via MT103 TT the
shipping cost to seller, the amount of the shipping cost depends on the
location of the country and continental port. Upon the confirmation of the
shipping cost, the Seller will proceed with the loading of the product
without any delay, which will be deducted from the product’s invoice value
when final payment is made by the buyer after discharge of product at the
destination port
|
STEP 7
|
Seller issue Full POP
and Shipping Documents, 2% PB Including:
A. CERTIFICATE OF
INCORPORATION
B. ACT OF TRANSFER
C. COMMERCIAL
INVOICE
D.COMPANY TAXPAYER’S
CERTIFICATE
E. FRESH SGS
REPORT
F. TANK RECEIPT
G. Q88 AND QUALITY
SPECIFICATION
H. BILL OF LADING.
I. NOR-NOTICE OF READINESS
J. ETAESTIMATED TIME
OF ARRIVAL
|
STEP 8
|
Buyer notifies seller
by official written notice of his bank receiving seller’s pop documents while
seller sends to the buyer the registered hard copy of the contract through
courier service within two (2) working days.
|
STEP 9
|
IF SHIP TO SHIP
OCEAN:
Buyer submits his
Vessel information. Q88, CPA and Location Clearance. Vessel Captains contact
each other and coordinate boarding of vessel for buyer’s inspectors. Upon
successful dip test, Buyer pays for “exact quantity” of product in Proforma
Invoice using MT-103 / TT by Wire transfer delivered into vessel, 100% payable
for each shipment within 1-2 banking days upon the cargo passed SGS.
IF SHIP TO BUYER’S
PORT:
GNGROUP or Refinery
loads the vessel, inspects the product on-board the vessel and deliver the
product at a mutually agreed safe port. At the delivery port, the buyer will
conduct his own inspection to ascertain the quantity and quality of the
product. Upon successful dip test, Buyer pays for “exact quantity” of product
in Proforma Invoice using MT-103 / TT by Wire transfer delivered into vessel,
100% payable for each shipment within 1-2 banking days upon the cargo passed
SGS.
|
STEP 10
|
Product is
transferred to buyer's vessel with all shipping documentation and title is
transferred to buyer.
|
STEP 11
|
Seller pays
commission to Seller Side and Buyer side commissions:
A. 50%: Seller Side:
(50% Closed to Seller Side)
B. 50%: Buyer side:
(50% Open to Buyer Mandate & Intermediaries)
C. The agreed
commission will be included within an Irrevocable Master Fee, Protection
Agreement (IMFPA) to be signed between the buyer and the seller, group of
each party prior to issuance of the Sales and Purchase Agreement (SPA).
|
STEP 12
|
Bank Buyers Will
issue New SBLC or BG Expansion for 12 Months for Subsequent Shipping and
GNGROUP opens 2% PB to buyer bank for 12-month contract sales of products.
|
REFERANCE PROCEDURES NUMBER 7
|
|
FOB WITH TTM PROCEDURES WITH GNGROUP AT TITLE
HOLDER PRODUCT ADMINISTRATIVE OFFICE (FACE TO FACE) MEETING, SIGNING AND GET
POP AT MOSCOW RUSSIA
FOB TANK TO TANK OR FOB TANK TO VESSEL
|
|
STEP 1
|
GNGROUP Provides FCO
Procedures TTM, ICPO Format Template, BCL Format Template
|
STEP 2
|
Buyer Issues ICPO To
GNGROUP (M) SDN. BHD., Attn: Mr SYAPOL MA’AROF. MOHD, Company Profile, Buyer
Scan Passport, Latest BCL To GNGROUP (M) SDN. BHD.
|
STEP 3
|
GNGROUP Validates
Buyer’s Documents and issues Proforma Invoice + MOU. The buyer returns the
Proforma Invoice + MOU with the official signature and stamping
|
STEP 4
|
The buyer will make a
security payment by depositing a total of USD500,000 into an escrow account
specifically opened for the purpose of this transaction by the mutually
agreed and appointed solicitor governed by the terms and conditions as stated
in the FCO whereby the sum shall be refunded to the buyer upon successful
completion of the transaction. However, should the buyer fails to comply or
breach with any of the terms and conditions stipulated in the sales
procedures, the security payment shall be paid and transferred to GNGROUP
with immediate effect
Note:
i. Security Payment
is not an Advance Money
ii. GNGROUP acts as a
Transaction Controller, to ensure that the Buyer and Title Holder of Product,
100%, fulfil the responsibility of following procedures by GNGROUP
|
STEP 5
|
Lawyer confirmed the
security payment escrow and GNGROUP obtained an Invitation Letter from the
Russian Title Holder and issued a confirmation letter to confirm.
|
STEP 6
|
After receiving the
Official Invitation Letter from Russia, the buyer is responsible for
purchasing Round Trip Flight Tickets and Booking the Hotel as suggested in
the Invitation Letter. 2 - 3 representatives of GNGROUP should be funded by
buyers including their Pocket Money
|
STEP 7
|
Title Holder Confirms
Arrival and Will Pick up Buyer + GNGROUP from Moscow Airport.
|
STEP 8
|
Buyers visit the Title
Holder Administrative Office for TTM (Face to Face) meetings to sign SPA
& CI and obtain POP.
|
STEP 9
|
Buyer conducts DIP
TEST at Title Holder Tanks (Buyer borne for the SGS) and submits his carrier
information (CPA).
|
STEP 10
|
Upon SGS report + POP
confirmed by the Buyer, Buyer issues 30% payment MT 103 / TT to Title Holder
account.
|
STEP 11
|
Seller inject to
buyers’ tank or vessel; buyer confirm loading or injection and remit balance
70%
|
STEP 12
|
Title Holder pays all
intermediaries.
|
Get In Touch
GNGROUP (M) SDN. BHD. (MALAYSIA)
M-CITY, No. 326,
Jalan Ampang,
50450 Kuala Lumpur, Malaysia
Tel/Fax: +60328569244
Email: sales.gngroupsb@gmail.com / export@gngroupms.com
Blog: http://gngroupoil.blogspot.com
Web: http://www.gngroupms.com
