HomePurposeOrder FormsLinks & DownloadsSpecificationContact Us
 

 

RUSSIAN D2 GAS Oil

 

The Banking procedures are as follows:

 

1.    Buyer issues an ICPO with confirmation that bank instrument will be from top 25 world bank.

2.    Seller issues Draft Contract which includes 5% of contract value bi-lateral non-performance penalty

3.    Buyer reviews and signs draft contract

4.    Seller issues signed hard copies of contract via Courier Service and e-Mail.

5.    Buyer issues pre-advise from bank for instrument as POF. Seller issues Partial POP – Bank to Bank.

6.    Buyer’s bank issues Irrevocable, operative confirmed documentary Letter of  Transferable DLC, or MT103/23 by a top 50 bank for 100% invoice value,

payable at sight against shipping documents Bank to Bank or as agreed within the contract  

7.    Upon Completion and verifications of all documents shipment Commence.

 

The following documents as POP:

 

1.       Copy of license to export, issued by the department of ministry energy from the refinery or the end seller of the Russian federation

2.       Copy of approval to export, issued by the department of the ministry of justice. from the refinery or the end seller of the Russian federation

3.       Copy of statement of availability of the product. from the refinery or the end seller of the Russian federation

4.       Copy of the refinery commitment to produce the product. from the refinery or the end seller of the Russian federation

5.       Copy of Transnet contract to transport the product to the port from the refinery or the end seller of the Russian federation

6.       Copy of the port storage agreement from the refinery or the end seller of the Russian federation

7.       Copy of the charter party agreement(s) to transport the product to discharge port. from the refinery or the end seller of the Russian federation

8.       Dip Test Authorization

9.       SGS Report

10.    Bill of Lading.

 

“SPECIFICATION OF THE PRODUCT

D2 LOW SULFUR L- 0.2 - 62 GOST 305 – 82

 

TEST ITEM

Result

Spec

Method

Density at 15 deg C, g/cm3

0.8286

0.815-0.855

  ASTM D4052

Flash Point PMCC. deg

69.0

Min    45

  ASTM D93

Viscosity (Kin) at 40 deg C. CST

2.688

1.9-5.5

  ASTM D445

Sulfur. mass %

0.0006

Max     0.0030

  ASTM D4294

Pour. Pont deg C

-12.5

Max  0

  ASTM D97

Cloud. Point deg C

-9

Report

  ASTM D2500

CFPP.deg C

-9

Report

     IP309

Color. ASTM

L0.5

 Max 1.5  

  ASTM D1500

Carbon Residue, conradson on 10%

Distillation residue mass %

Less than 0.01

Max 0.15

  ASTM D4530

Ash. mass %

Less than 0.01

Max 0.01

  ASTM D482

 

 

Commission:           Buyer pays commission 50% to seller and 50% to buyer sides

 

Destination:             CIF Rotterdam

 

Quantity:                 500,000 MTs. Per month x 12 months, 10% liftable, all 500K in June

 

Date issued:             June 03, 2011

 

ICPO should be made out to:  TBA

 

Valid for five days from the date issued. Contract period required – 1 years

 

Information purposes only 06-06-2011





Contact Us: Email  Sales@iqpetroleum.com  investments@iqpetroleum.com gasandoil@iqpetroleum.com



 HomePurposeOrder FormsLinks & DownloadsSpecificationContact Us