FCO ONLINE FOR CIF AND FOB

FULL CORPORATE OFFER – CIF AND FOB PROCEDURES
DATE 02 SEPTEMBER 2019 VALIDITY UNTIL 08 DECEMBER 2019

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

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
RUSSIAN LIQUEFIELD NATURAL GAS 5542-87 (LNG)
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
RUSSIAN BITUMEN:40/50.60/70&80/100/ PEIROLEUM ASPHALT
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
RUSSIAN UREA N46% GRANULAR
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
RUSSIAN CST-180 FUEL OIL
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

REFERENCE PROCEDURES NUMBER 1
TRANSACTION PROCEDURE FOB SPOT CI DIP & PAY FOR PORT OF PORT: 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
You will need to provide an official ICPO, BCL or POF, Scan Passport, CP and Tank Storage Agreement (TSA) To: Refinery, Via GNGROUP (M) SDN. BHD.

STEP 2
I’ll submit Buyer documents to the Refinery for approval

STEP 3
Refinery will send CI and approve Buyer’s TSA thereafter the Refinery will provide PPOP Documents:
A) Certificate of origin of the Russian Federation Chamber of Commerce
B) Product Passport (Dip Test Analysis Report)
C) Commitment to Supply
D) Authorization to Sell / Collect (ATSC).

STEP 4
Buyer contact their tank farm to obtain the BOOKING CONFIRMATION LETTER (TSR) 2 Days Lease minimum and Letter NOR from there tank farm confirming their readiness to receive the product in their storage tank and send / present to the Refinery.

a) The TSR contains GPS Number, Tank Number, Tank Location, Lessor Name, Lessee Name, Supplier Name, Tank Capacity, Product Name and etc

b) The NOR contains the Official Notification, Lessor Name, GPS Number, Location Tank, Product Name, Storage Tank Number, Supplier Name, Quantity Products, Tank Capacity, Notification

STEP 5
Once the buyer and Refinery receive the TSR / NOR from Tank Farm. Refinery provides shipping documents

A) The latest Bill of Lading (BL)
Contains Products Name, Refinery Name, Quantity of Products, Origin Loading Port, Carrier Name

B) The latest Manifest of Cargo
Contains Carrier Name, Vessel Name, Port of Loading, Port of Discharge, Product Name, Dead-weigh

C) The latest Vessel Tanker Details
Contains Vessel Name, IMO Number, MMSI Number, Loading Port, Port of Discharge, Product Name, Destination Port, Carrier Name

STEP 6
Buyer verify shipping documents, can check IMO Number, Vessel Name via Marine Traffic online

STEP 7
Buyer extends the Tank 1 – 5 Days lease, depending on the buyer quantity. Buyer present TSR to refinery to obtain DTA / ATV / TSR Tank Refinery and other documents

STEP 8
Refinery sends DTA / ATV / TSR Tank Refinery and other documents to Buyer and Buyer begins bringing SGS team to conduct Dip-Test inspection of products on Seller Tank

STEP 9
Buyer and refinery are waiting SGS report within 6 Hours to 24 Hours, after receiving the SGS Report buyer makes payment MT103 / TT to refinery accounts

STEP 10
Once the refinery receives payment from the buyer, Refinery transfer fuel from Refinery Tank to Buyer tank and make commission payments to the parties involved

STEP 11
Refinery issues draft contract to buyer to review for R & E monthly deliveries.

REFERENCE PROCEDURES NUMBER 3
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.

REFERENCE PROCEDURES NUMBER 4
PROCEDURES FOB DIP & PAY
(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.

STEP 6
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)

REFERENCE 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.

REFERANCE PROCEDURES NUMBER 6
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 cos

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.

REFERENCE 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.

REFERENCE PROCEDURES NUMBER 8
PROCEDURES FOR SPOT FOB ROTTERDAM

REFERENCE SPOT FOB PROCEDURES NUMBER 8 ONLY FOR PRODUCT BELOW:

a) D2 DIESEL GAS OIL L-0.2-62 GOST 305-82
b) AVIATION KEROSENE COLONIAL JET A-1
c) RFO VIRGIN D-6

SPOT FOB BANKING & PAYMENT PROCEDURES.
Buyer Provide ICPO + SCAN PASSPORT + COMPANY PROFILE

STEP 1
Buyer sends ICPO, Scan Buyer Passport along with Company Profile.

STEP 2
Seller verify buyer and issue commercial Invoice for product in tanks

STEP 3
Buyer verify CI, signs and stamping

STEP 4
Seller Issue TSR and ATV along with Supplier Passport Copy for identification.

STEP 5
Buyer replies with Assurance Letter to perform

STEP 6
Seller immediately sends POP below:
a) Commitment letter to supply
b) Certificate of Origin
c) Authorization to Sell (ATS)
d) Product Passport
e) B/L (Bill of lading)

STEP 7
Buyer confirms the above POP and agrees to take over seller Tanks or buyer provides a valid Storage Receipt with seller name for immediate transfer to buyer tanks storage at seller expenses at same time IMFPA is signed.

STEP 8
Seller verifies buyer Warehousing Storage Receipt and Immediately Seller provides to buyer product documents below.
a) Injection Report
b) 12-hours SGS Report analysis
c) Unconditional DTA with port terminal Code

STEP 9
Buyer conducts dip test via SGS and pays via MT103 within 72 banking hours, Seller pay intermediaries involve and transfer the title to buyer, lifting commences

If you are a serious buyer, you can certainly fill it easily Our Online Purchase Form

               

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