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    Protedura International Capricorn Petroleum Co LLC Ust-Luga (Dlea Prodaji) Nomer 2

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    Конрад Карлович Михельсон
    1. The document outlines the terms and conditions for the sale of petroleum products from International Capricorn Petroleum Co LLC. It details 10 steps in the sales process including issuing documents, signing agreements, conducting inspections, making payment, and transferring title. 2. Key documents involved include a commercial invoice, non-circumvention/non-disclosure agreement, standby letter of credit, partial bill of lading documents, and sales and purchase agreement. Payment is made through bank wire transfer upon product delivery and inspection. 3. Intermediary commissions are paid by both buyer and seller on their respective sides, with the sales process repeating for subsequent monthly deliveries outlined in the sales and purchase agreement.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Protedura International Capricorn Petroleum Co LLC Ust-Luga (Dlea Prodaji) Nomer 2

    Uploaded by

    Конрад Карлович Михельсон
    151 views1 page
    1. The document outlines the terms and conditions for the sale of petroleum products from International Capricorn Petroleum Co LLC. It details 10 steps in the sales process including issuing documents, signing agreements, conducting inspections, making payment, and transferring title. 2. Key documents involved include a commercial invoice, non-circumvention/non-disclosure agreement, standby letter of credit, partial bill of lading documents, and sales and purchase agreement. Payment is made through bank wire transfer upon product delivery and inspection. 3. Intermediary commissions are paid by both buyer and seller on their respective sides, with the sales process repeating for subsequent monthly deliveries outlined in the sales and purchase agreement.

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    PROTEDURA INTERNATIONAL CAPRICORN PETROLEUM CO LLC UST-LUGA(DLEA PRODAJI) NOMER 2

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    1. The document outlines the terms and conditions for the sale of petroleum products from International Capricorn Petroleum Co LLC. It details 10 steps in the sales process including issuing documents, signing agreements, conducting inspections, making payment, and transferring title. 2. Key documents involved include a commercial invoice, non-circumvention/non-disclosure agreement, standby letter of credit, partial bill of lading documents, and sales and purchase agreement. Payment is made through bank wire transfer upon product delivery and inspection. 3. Intermediary commissions are paid by both buyer and seller on their respective sides, with the sales process repeating for subsequent monthly deliveries outlined in the sales and purchase agreement.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    151 views1 page

    Protedura International Capricorn Petroleum Co LLC Ust-Luga (Dlea Prodaji) Nomer 2

    Uploaded by

    Конрад Карлович Михельсон
    1. The document outlines the terms and conditions for the sale of petroleum products from International Capricorn Petroleum Co LLC. It details 10 steps in the sales process including issuing documents, signing agreements, conducting inspections, making payment, and transferring title. 2. Key documents involved include a commercial invoice, non-circumvention/non-disclosure agreement, standby letter of credit, partial bill of lading documents, and sales and purchase agreement. Payment is made through bank wire transfer upon product delivery and inspection. 3. Intermediary commissions are paid by both buyer and seller on their respective sides, with the sales process repeating for subsequent monthly deliveries outlined in the sales and purchase agreement.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    INTERNATIONAL CAPRICORN PETROLEUM CO LLC

    TERMS AND CONDITIONS OF THE SALES TRANSACTION AND


    PROCEDURE FOR FOB/ PORT RUSSIA UST-LUGA:
    1. ISSUANCE OF ICPO + RWA + A COPY OF THE BUYER’S PASSPORT CONTAINING
    THE SELLER’S PROCEDURE FOR WORKING WITH BANK DETAILS AND COMPANY
    PROFILE TOGETHER WITH TSA CONFIRMING BUYER’S TANK FARM PRESENCE
    “TSA” AGREEMENT.
    2. SELLER ISSUES A COMMERCIAL INVOICE (CI) + NCNDA IMFPA FOR THE
    AVAILABLE QUANTITY IN SELLER’S STORAGE FACILITIES. BUYER SIGNS AND
    RETURNS THE CI TO SELLER ALONG WITH THEIR NCNDA/ IMFPA SIGNED FOR
    INTERMEDIARIES COMMISSIONS FROM BOTH SIDES, FOR REVIEW AND
    APPROVAL BY THE SELLER.
    3. THE SELLER PREPARES PARTIAL POP DOCUMENTS AS SPECIFIED BELOW AND
    SENDS IT TO THE BUYER.
    a) COMMITMENT AND DELIVERY GUARANTEE
    b) PRODUCT AVAILABILITY STATEMENT
    c) OBLIGATIONS/ WARRANTY
    d) APPROVAL FOR INSPECTION (ATV)
    e) UNCONDITIONAL DTA
    f) SGS
    g) ATSC TANK STORAGE RECEIPT (TSR)- SALES AND COLLECTION
    AUTHORIZATION
    h) INJECTION REPORT
    4. THE SELLER ISSUES THE DRAFT SPA TO THE BUYER TO VERIFY AND SIGN THE
    MONTHLY R&E DELIVIRIES, AND RETURNS TO THE SELLER FOR NOTARIZATION.
    5. THE PURCHASER CONDUCTS A TANK IMMERSION TEST (DIP TEST) AT HIS
    EXPENSE AND AFTER A SUCCESSFUL IMMERSION TESTING, THE BUYER SUBMITS
    TSR AND THE RESULT OF THE SGS ANALYSIS TO THE SELLER AS A SIGN OF
    CONSENT AND ACCEPTANCE FOR THE PRODUCT AND TO PAY FOR THE PRODUCT
    BY MEANS OF MT-103 TT TRANSFER.
    6. AFTER THE PAYMENT IS RECEIVED BY SELLERS BANK FOR THE PRODUCT, SELLER
    STARTS PRODUCT INJECTION INTO THE BUYER’S SYSTEM/ TANK
    7. THE SELLER AND BUYER PAYS THE COMMISSION TO THE INTERMEDIARIES ON
    THE SIDE OF THE SELLER, AND THE BUYER PAYS THE COMMISSION ON THE SIDE
    OF THE BUYER. 50/50.
    8. BUYER ISSUES SBLC/ IRDLC IRREVOCABLE, TRANSFERABLE, AUTOMATICALLY
    RENEWAL FOR 12 MONTHS PRODUCT COST. SAID SBLC WILL BE VALID FOR THE
    LENGTH OF CONTRACT. BUYER PAYS AFTER DIP TEST FOR EACH SHIPMENT WITH
    MT-103 TT BANK TRANSFER TO EVERY MONTHLY AMOUNT.
    9. SUBSEQUENT DELIVERY WILL START ACCORDING TO THE TERMS OF THE
    CONTRACT, AND THE COMMISSIONERS/ INTERMEDIARIES RECEIVE THEIR
    COMMISSION ACCORDING TO THE MONTHLY DELIVERY.
    10. SELLER TRANSFERS TITLE AND ALL EXPORT DOCUMENTS OF THE PRODUCT TO
    THE BUYER’S NAME AFTER EACH PAYMENT.

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