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Societe Chinoise LTD: Irrevocable Corporate Purchase Order

This document is an irrevocable corporate purchase order from Maoming Foreign Trade Enterprise Development Company to Rosneft LLC for the purchase of 200,000 metric tons of Russian light cycle oil per month for 12 months. Key details include a price of $195 per metric ton CIF to ports in China, payment via letter of credit or telegraphic transfer, and quality inspection by SGS at the loading and unloading ports. The purchase order is subject to a final sales purchase agreement signed by both parties.

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Patrick Noel
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530 views4 pages

Societe Chinoise LTD: Irrevocable Corporate Purchase Order

This document is an irrevocable corporate purchase order from Maoming Foreign Trade Enterprise Development Company to Rosneft LLC for the purchase of 200,000 metric tons of Russian light cycle oil per month for 12 months. Key details include a price of $195 per metric ton CIF to ports in China, payment via letter of credit or telegraphic transfer, and quality inspection by SGS at the loading and unloading ports. The purchase order is subject to a final sales purchase agreement signed by both parties.

Uploaded by

Patrick Noel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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SOCIETE CHINOISE LTD

.
ADDRESS:
TELEPHONE:
EMAIL:

TO: ROSNEFT LLC RN-SHELF-ARTIKA


Via Mr Sahin ICPO Nº: ICPO/LCO/1803/2020
ISSUED DATE: 18/03/2020
VALID UNTIL: 28/03/2018

IRREVOCABLE CORPORATE PURCHASE ORDER


CIF

WE ATAK COMPANY AS THE BUYER, WITH FULL CORPORATE RESPONSIBILITY, UNDER PENALTY OF
PERJURY, CONFIRM THAT WE ARE READY AND ABLE TO BUY THE FOLLOWING PRODUCT IN TERMS
AND CONDITIONS:

COMMODITY: RUSSIAN LIGHT CYCLE OIL (LCO).

ORIGIN: RUSSIAN.

QUANTITY: 200,000 MT *12 MONTHS = 2,400,000 METRIC TONS (+/-5%).

CONTRACT LENGTH: 12 MONTHS WITH REVOLVING.

PRICE: PRICE IN CIF: GROSS :205 USD/MT NET 195 USD/MT.

PAYMENT TERMS: DLC MT 700/ 760 /SBLC MT700/760 /BG 700 / 760 /TT, MT103 – 23.

5 USD SELLER SIDE CLOSED/ 5USD BUYER SIDE OPEN.


COMMISIONS:
DELIVERY: CIF MAIN PORT, CHINA.

SHIPMENTS: 12 x 200 000 MT SHIPS.

INSPECTION: SGS FOR QUANTITY AND QUALITY.

SPECIFICATIONS: IN ANNEX 1.

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SOCIETE CHINOISE LTD
.
ADDRESS:
TELEPHONE:
EMAIL:

PROCEDURES CIF:

1. Buyer issues ICPO with letter of acceptance to seller upon receipt of soft corporate offer

2. Seller issues Sales Purchase Agreement, (SPA) and open for amendment for buyer review.
Copy of Refinery Registration Certificate
Copy of Statement of
Availability of the Product
Copy of The Refinery Commitment to Supply the Product

3. Buyer reviews draft agreement and returns to seller sign in word format and PDF format.

4. Seller acknowledged and summits the draft contract to the ministry of energy for legalization on seller
expenses.

5. Seller send the legalized contract alongside hard copies of the following Partial proof of product (PPOP)
approved by the appropriate authorities via DHL as regular buyer upon  notarization on the seller expense.
Fresh SGS Report Based On International Analytical Report,
Legalized Contract from The Ministry.
Copy of The Tank Receipt of the Product
Copy of The Certificate of Origin
Charter Party Agreement (SELLER PAY VESSEL COST)
ATSC/Authorization to Sell & Collect.
Notarized Refinery Registration Certificate
Notarized Statement of Availability of the Product
Notarized Refinery Commitment to Supply the Product

6. Upon the confirmation of the listed partial PPOP, Buyer bank issues Non operative letter of credit (DLC/
MT700) covering the first shipment value OR Buyer’s bank option.

7. Seller issues all shipping documents & BILL OF LADING to buyers in accordance to instrument presented by
buyer’s bank, Seller’s bank replied with 2% PB to activate the letter of credit issued by the buyer bank.

8. Buyer confirm shipping documents with vessels captain while Seller effect delivery to buyer destination
according to contract, the SGS inspection will be borne by the Seller at the loading seaport and Buyer at the
Unloading sea port then Shipment commences as per contract.

9. Buyer’s bank upon arrival of the cargo at the discharge port, payment will be made for the Product by
the buyer via MT103 100% after (Q& Q) or CIQ report Inspection at Discharge port.

10. Seller will release payments to the intermediaries involved within 48 hours of receiving the Payment for
the product from the Buyer's bank.

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SOCIETE CHINOISE LTD
.
ADDRESS:
TELEPHONE:
EMAIL:

ANNEX 1:

3
SOCIETE CHINOISE LTD
.
ADDRESS:
TELEPHONE:
EMAIL:

BUYER’S INFORMATION:

NAME OF THE COMPANY: Maoming Foreign Trade Enterprise Development Company


CONTACT PERSON: Yang Guan Xing (President)
COMPANY ADDRESS: Foreign Trade Building, 10th, Huaguang Bei road, Maoming City,
Guangdong Province, CHINA

ISSUING BANKING INFORMATION:

BUYER’S BANK NAME: CHINA CONSTRUCTION BANK Co. Maoming Branch


BANK ADDRESS: 90 Oil City Road 4 Maoming, Guangdong CHINA
ACCOUNT NUMBER: 4400 1690 5180 5999 1188
ACCOUNT NAME: Maoming Foreign Trade Enterprise Development Company
SWIFT: PCBCCNBJGDX
BANKER OFFICER: Zheng Huiyu
TELEPHONE: +86 668 2282830

SPECIAL CONDITIONS:

1- THIS IREVOCABLE PURCHASE ORDER IS SUBJECT TO FINAL APPROVAL AND AGREEMENT BY BOTH SELLER
AND BUYER AND ALL THE TERMS AND CONDITIONS HEREIN AS WELL AS THE SUBSEQUENT CONTRACT OF
SALE INCLUDING ANY AMENDMENTS OR VARIATIONS THEREOF, ALL OF WHICH HAVE TO BE REDUCED IN
WRITING AND SIGNED BY BOTH PARTIES HERETO.

THE BUYER : MAOMING FOREIGN TRADE ENTERPRISE DEVELOPMENT COMPANY

REPRESENTED BY: Mr. Yang Guan Xing (President)

STAMP AND SIGN

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