LPG (Liquefied Petroleum Gas) BUTANE

Origin: Kazakhstan
- Total Require Quantity: 60,000 MT x 12 Month = 720,000 MT
- 13,000 Metric Tons / Shipment Trial (+/- 10%)
- CIF PRICE: 365 USD GROSS / 355 USD NET
- Destination PORT: All safe harbors
Inspection: SGS or INTERTEK
- Commission: Seller Side 5 $ / Buyer Side 5 $
CIF PROCEDURES

1- Buyer issues ICPO, It must be with buyer company’s letterhead.
2- Seller issues Draft Contract (Open for any amendments) to Buyer. Buyer sign, seal and return
the Draft Contract to Seller for final endorsement. Seller gives Partial Proof of Products:
a- Seller Irrevocable Commitment to Supply.
b- Statement of Availability of Product.
c- Certificate of Origin.
d- Commercial Invoice for the first value shipment.
e- Export License.
f- Company Certificate.
3- Within 5 banking days, Buyer’s bank sends Irrevocable Operative SBLC via MT760 or DLC via
MT700 according to seller’s fiduciary bank verbiage to seller nominated fiduciary bank account
for first month shipment. If buyer fail to issue payment instrument within 5 banking days, buyer
will make cash deposit of 520,000 USD by TT wire transfer for transfer for security guarantee to
enable seller charter vessel and commence shipment, and this payment will be deducted from the
total cost of product after inspection at discharge port, or legal action will be taken against buyer
for default.
4- Seller’s bank issues full POP Documents to Buyer’s Bank alongside with 2% Performance
Bond (PB 2%).
a- Copy of License to export, Issued by the department of the Ministry of Energy, Russian
Federation.
b- Copy of Approval to export, Issued by the Ministry of Justice, Russian Federation.
c- Copy of statement of availability of the Product.
d- Copy of the refinery commitment to produce the product.
e- Copy of Transnet contract to transport the product to the loading port.
f- Copy of the port storage agreement.
g- Copy of the charter party agreement to transport the product to discharge port.
h- Copy of vessel Questionnaire 88.