COMMODITIY: ESPO CRUDE OIL
QUANTITY: 1,000,000BBLS FIRST SHIPMENT WITH -2,000,000BBLS X 12 MONTHS CONTRACT (E/R) PACKING bulk
ORIGIN: Russia
DELIVERY CIF: Huangdao port, China
TIME TO DELIVERY: maximum 7-12 days after open/verification of MT760 POF Payment
Delivery schedule: TO BE NEGOTIATED
LOADING PORT: Primorsk-Ust-Luga/ Vladivostok Port/Kozmino
QUALITY: as per attached quality specification
INSPECTION: Quantity & Quality to be certified by an International Independent Surveyor i.e., SGS, or equivalent control company at loading Port, SGS at discharge port. Buyer’s (or Buyer) option to attend Inspection and Loading procedure
PERFORMANCE BOND:2% by Seller of the Value of the on Contract
INSURANCE: CARGO INSURANCE 110% by Seller
PAYMENT TERMS: Buyer Within Three (3) banking Days, Buyer ’s bank Send Swift Operative Irrevocable Confirmed Standby Letter of Credit Via Swift MT760 to Seller Fiduciary Bank Outside Russia
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