HMS $370 CIF ASWP

HMS 1&2 (80/20) IRSI 200-206

CONDITION OF DELIVERY, CIF QUANTITY and PRICING:
10,000MT / 20,000 MT X 12 Months USD 370
20,500MT / 50,000 MT X 12 Months USD 360
50,500MT / 100,000 MT X 12 Months USD 350
Over 100,000 MT X 12 Months USD 340

ORIGIN: Russia Ukraine - Spain

PORT OF LOADING: Tuapse, St Petersburg port, Vladivostok, Kandalaksha, Novorossiysk, Kholmsk,
Astrakhan, Korsakov, Murmansk

CUTS AT NO COST NO UPFRONT FEES BANK IN SPAIN


PROCEDURE

1. Buyer issues ICPO with Soft Probe Authorization and NCNDA-IMFPA.
2. SELLER issues FCO.
3. Buyer Signs FCO and returns to SELLER with a Letter of Acceptance.
4. SELLER issues Draft Contract open for amendments.
5. SELLER and buyer exchanges legalized and registered contracts and lodge in respective Bank.
NOTE:

The signed contracts are mandatory because it needs to be presented to the Russian Government to
obtain the permit for the Yard visit.

POP UP FRONT & PRO-FORMA INVOICE

6. The Seller provides the Buyers Bank with the Pro-forma invoice for the first months shipment and
the POP Documents for Buyers verification.
The seller sends Buyers invitation to visit the yard.

7. Buyers Bank issues a Non Transferable, Non operative RDLC. Sellers Bank issues a 2% Performance
Bond in the face value of buyers payment instrument.
8. The SGS inspection will be borne by the Seller at the loading seaport, and Buyer at the unloading
seaport
9. Shipment commence as per contract.
10 Buyer releases payment to the Seller. Shipment Delivery per shipping schedule program via Swift
Fund Transfer within 5 banking days after the charge of product and receipt of the entire relevant
shipping document for immediate negotiation and credited at Buyers Bank Account.