BUYER SEND LOI / ICPO WITH FULL BANKING DETAILS AND COMPANY REGISTRATION CERTIFICATE

SELLER ISSUE DRAFT CONTRACT FOR BUYER SIGN AND RETURN

Upon confirmation and endorsement of the contract, Seller issues a Commercial Invoice for the initial shipment and partial proof of product documents as follows to buyer:
Q88 Details for the vessel book for hire.
Certificate of Quality for the available goods issued by Gost Standard Russia.
Statement of commitment of supply for the all contractual quantity notarized by a Public Notary.
Export License for Seller.
License to Trade in Crude Oil Materials for Seller.

Buyer shall issue a payment instrument via SWIFT MT 199 payment instrument worth 100% of the Shipmen as a Payment Guarantee for valid for 45 Days in 3 banking days.

Upon confirmation of the payment instrument, the seller loads the vessel and issues full proof of product documents as per
buyer’s names. The vessel starts voyage to buyer’s port within 3 banking days.

Delivery is made, Buyer inspects the product and pays 100% for the goods delivered in 7 days.

Within 7 days after seller confirms buyer’s payment, Seller pays out commissions to all brokers and mandates.