Trade Lead Description:
Origin: RUSSIA, Specification: As Russian Export standard (GOST)
Quantity:100 000 MT per month for up to 60 months.
Delivery: FOB Port of Vladivostok, Novorossiysk, Primorsk, Ventspils.
Payment Terms: Irrevocable, Confirmed, Revolving DLC, issued by Top 25 World Bank.
Payment Procedures: According to the terms of the contract, to be mutually agreed upon by Buyer & Seller. Performance Bond: 2%
PROCEDURES:1. Buyer provides:
1.1- ICPO + BCL, according to seller’ form (will be send to buyer on demand) with banking detail with permission for soft probe;
1.2-Profile of the company.
1.3-Color copy of that passport who will sign the contract with ROSNEFT.
2. Seller issues Draft Contract on firm Terms and Conditions.
3. Buyer reviews, signs and seals Draft Contract and returns to seller with ICPO and NCNDA/IMFPA.
4. Seller signs and seals Draft Contract and sends copy to buyer.
5. Buyer and seller exchange POF against POP Bank to Bank via SWIFT.
Posted from Russia - Moskva on 2 January, 2007
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