Russian Gasoil D-2

Russian Gasoil D-2
MNG Management Inc.
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Russian Gasoil D-2

We are direct seller of russian Gasoil L-0.2/62

Quality: Standard Gas Oil Export

Specification (attached, see below)

Quality determination: By SGS or another 3rd party independent Surveyor

Quantity per month : 100.000 MT (First month 2 deliveries by 50,000 MT)

Term of Contact: 12 months

Price: Platt's European Marketwire FOB MED
Discount: $5.50 per MT
Commission to Byers’s side: $0.25 per MT

Terms of Payment: By Irrevocable, Documentary, Transferable L/C, payable at sight at the sellers bank counter upon presentation of the shipping documents

Payment’s Procedure: Attached, See below
Delivery: FOB Russian port Novorossiysk (Shekharis Terminal)

POP Documents: Confirmation of the ”TRANSNEFTEPRODUKT“ to deliver gasoil from refinery to the loading port.

Performance Guarantee: 2% SBLC (MT-760)

PAYMENTS PROCEDURES:
Seller present Offer to Sell As per request

Buyer issues Letter of Intent (LOI) and Bank

Confirmation Letter Within 3 banking days

Seller responds with Full Corporate Offer (FCO) and sends draft contract to the Buyer to make necessary amendments Within 3 banking days

Buyer and Seller sign final contract. Within 5 banking days

Buyer’s bank issues UCP500 Pre Advised non-operative Irrevocable, Documentary, Transferable L/C (PADLC) Within 5 banking days.

Seller’s Bank issues Proof of Product (MT-560) and non-operative 2% Performance Guarantee in a form of Standby L/C (MT-799) Within 3 banking days

Seller’s Performance Bond automatically activate Buyer Letter of Credit Within 3 banking days

Delivery commences as per contract. As per
Delivery Schedule

Category :	Fuel Oil
Country Of Origin :	Russia
Listing Type :	One-Time Sell
Terms Of Sale :	Platts FOB MED
Terms Of Payment :	l/C
Minimum Order Quantity :	100,000 MT
Contact :	Kiva Flier
Address :	2727 Steeles Avenue Toronto, Ontario, M3J 3G9 Canada
Telephone :	[1] (416) 667-0660
Fax :	[1] (416) 645-1776