Crude Oil API 30, API 16 (Crude Oil = Crude Oil)
API Gravity
API (American Petroleum Institute) gravity is a commonly used index of the density of a crude oil or refined product.
Crude Oil
Petroleum, also known as: Crude Oil
Crude Oil is a natural mixture of Liquid Hydrocarbons.
In its natural state, Crude Oil has few direct uses.
However, when processed through an oil refinery, it can be transformed into a wide variety of high-value liquid petroleum products, such as gasoline and diesel.
The value of these products comes from their high energy density in their liquid state, making them ideal as transportation fuels.
Crude oil comes in hundreds of different varieties, called crude grades.
As a natural raw material, crude oil from different fields and deposits can have very different properties.
Raw grades from the same location with similar properties will typically be referred to as a single grade.
Examples of some well-known crude oil grades are: Brent, Tapis and WTI.
There are a wide variety of different properties used to distinguish between raw grades. These are detailed in a chemical analysis of the crude oil called a crude test.
CRUCE OIL
SOFT CORPORATE OFFER (SCO)
The undersigned company, AGROSNAB-OIL, LLC., is a direct mandate to Refinery in Russia, Kazakhstan (Asia Central), Uzbekistan (Asia Central) and hereby with full Corporate and legal responsibility, under penalty of perjury confirms that we are ready, willing, and able to supply the following Petroleum Products / Commodities with the terms and conditions as state here under:
CORPORATE OFFER:
Country of Origin: RUSSIA & NON-RUSSIAN
Trading Mode: FOB (FREE ON BOARD) TTO (TITTLE TAKE OVER) & CIF (COST OF INSURANCE AND FREIGHT)
Payment: Operative IR DLC MT700 / SBLC MT760, MT103 after CIQ Inspection at discharge Port.
COMMODITY LIST, PRICES, AND WORKING PROCEDURES:
EASTERN SIBERIAN PIPELINE OCEAN OIL (ESPO)
Minimum Quantity: Buyer request not less than 10,000 MT
Price FOB: Per MT
AUTOMOTIVE DIESEL FUEL (EN590)
Minimum Quantity (MOQ): Buyer request not less than 10,000 MT
Maximum Quantity: 100,000 TM Monthly
Price FOB: Per MT
DIESEL FUEL (EN590)
Minimum Quantity: Buyer request not less than 10,000 MT
Maximum Quantity: 300,000 MT Monthly
Price CIF: per TM
JET FUEL (AVIATION KEROSENE COLONIAL (GRADE 54)
Minimum Quantity (MOQ): Buyer request not less than 100,000 BBL
Maximum Quantity: 4,000,000 BBL Monthly
Price FOB: Per BBL
JET FUEL (AVIATION KEROSENE COLONIAL (GRADE A1)
Minimum Quantity (MOQ): Buyer request not less than 100,000 BBL
Maximum Quantity: 4,000,000 BBL Monthly
Price FOB: Per BBL
VIRGIN FUEL OIL (D6)
Minimum Quantity (MOQ): Buyer request not less than 20,000,000 Gallon
Maximum Quantity: 200,000,000 Gallon Monthly
Price FOB Per Gallon
LIGHT CYCLE OIL (LCO)
Minimum Quantity (MOQ): Buyer request not less than 10,000 MT
Maximum Quantity: 100,000 MT Monthly
Price CIF ASWP: Gross MT
LIQUEFIED PETROLEUM GAS (LPG)
Minimum Quantity (MOQ): Buyer request not less than 10,000 MT
Maximum Quantity: 100,000 MT Monthly
Price CIF ASWP: Gross MT
LIQUEFIED NATURAL GAS (LNG)
Minimum Quantity (MOQ): Buyer request not less than 10,000 MT
Maximum Quantity: 100,000 MT Monthly
Price CIF ASWP: MT
EXPORT BLEND CRUDE GOST 9965-76 (REBCO)
Minimum Quantity (MOQ): Buyer request not less than 100,000 BBL
Maximum Quantity: 4,000,000 BBL Monthly
Price FOB: Per BBL
PETROLEUM COKE
Minimum Quantity (MOQ): Buyer request not less than 10,000 MT
Maximum Quantity: 100,000 MT Monthly
Price FOB: Gross Per MT
PETROLEUM COKE
Minimum Quantity (MOQ): Buyer request not less than 10,000 MT
Maximum Quantity: 100,000 MT Monthly
Price CIF: Gross Per MT
UREA N-46%
Minimum Quantity (MOQ): Buyer request not less than 10,000 TM
Maximum Quantity: 100,000 MT Monthly
Price CIF ASWP: Gross Per MT
MAZUT 100 (GOST-10585-75 & 10585-99)
Quantity: 50,000 MT - 300,000 MT Per Month x 12
Price: Gross MT
BITUMEN
Minimum Quantity (MOQ): 10,000 MT Per month
Maximum Quantity: 100,000 MT Per Month
Delivery: CIF ASWP
Penetration Grade:
30/40
40/50
50/70
60/70
80/100
85/100
100/120
BITUMEN
Minimum Quantity (MOQ): 10,000 MT Per month
Maximum Quantity: 100,000 MT per Month
FOB ROTTERDAM / HOUSTON / VLADIVOSTOK / HOUSTON
Penetration Grade:
30/40
40/50
50/70
60/70
80/100
85/100
100/120
NON-NEGOTIABLE TRANSACTION PROCEDURES TO ANY PORT
1. BUYER ISSUES OFFICIAL ICPO (Irrevocable Corporate Purchase Order)
2. SELLER ISSUES ORIGINAL MOU (Memorandum of Understanding)
3. BUYER COUNTERSING MOU AND FORWARD BANK
4. UPON THE RECEIPT OF COUNTERSING ORIGINAL MOU FROM THE BUYER, SELLER EMAILS TO BUYER THE LISTED DOCUMENT ISSUED IN THE NAME OF THE INITIAL BUYER AS STATED BELOW:
A. PRODUCT PASSPORT (QUANTITY & QUALITY DIP TEST ANALYSIS REPORT)
B. CERTIFICATE OF ORIGIN
C. BILL OF LADING
D. TANKER VESSEL Q88 DOCUMENT
E. E.T.A. (ESTIMATED TIME OF ARRIVAL) OF VESSEL
F. VESSEL (N.O.R.) NOTICE OF READINESS
G. ULLAGE REPORT
H. CARGO MANIFEST
I. INVOICE FOR TITTLE TRANSFER
J. Q88 (Information about the Ship)
K. GUARANTEE LETTER 100% TO REROUTE THE VESSEL OR SELL.
L. ALLOCATION TRANSACTION PASSPORT CERTIFICATE (ATPC)
M. INSTRUTMENT LETTER FROM SELLER'S SHIPPING COMPANY FOR BUYER'S CARGO AGENT.
5. UPON THE RECEIPT OF THE DOCUMENTS, THE BUYER VERIFIES THE AVAILABILITY OF THE PRODUCT ON THE HIGH SEA AND MAKE A DEPOSIT OF 5% MT103 T/T OF THE TOTAL PRODUCT VALUE TO YHE SELLER WITHIN (5) FIVE WORKING DAYS, FOR THE TITTLE TAKE OVER (TTO).
6. UPON THE CONFIRMATION OR SELLER RECEIPT OF THE TITTLE TAKE OVER PAYMENT SELLER ORDERS FOR RE-ROUTE.THE 5% DEPOSIT PAYMENT MADE SHALL BE DEDUCTED FROM THE TOTAL PAYMENT VALUE OF THE TAKEOVER PRODUCT.
7. SELLER RELEASES A FRESH DATED DIP-TEST AUTHORIZATION-DTA TO BUYER FOR SGS INSPECTION OR EQUIVALENT INSPECTION FOR Q & Q INSPECTION UPON GOODS/CARGO ARRIVAL AT THE DISCHARGE PORT.
8. UPON THE SUCCESSFUL COMPLETION OF DIP-TEST INSPECTION, BUYER MAKE THE BALANCE 95% PAYMENT BY MT 103 WIRE TRANSFER FOR THE TOTAL GOODS VALUE, SELLER TRANSFERS TITTLE OF OWNERSHIP CERTIFICATE TO BUYER'S NAME AS THE LEGITIMATE OWNER OF THE GOODS AND COMMERCE TRANS LOADING.
9. TRANS-LOADING COMMERCED IMMEDIATELY.
10. SELLER WILL RELEASE PAYMENT TO THE INTERMEDIARIES INVOLVED WITHIN 48 HOURS OF RECEIVING THE PAYMENT FOR THE PRODUCT FROM THE BUYER'S BANK.
TANK TAKE OVER PROCEDURE
1. BUYER ISSUES OFFICIAL ICPO WITH BANKING DETAILS AND COMPANY REGISTRATION CERTIFICATE.
2. SELLER ISSUES DRAFT CONTRACT FOR BOTH PARTIES TO SIGN, WITHIN 24 HOURS BUYER SIGNS AND SEND BANK WITH GUARANTEED LETTER AND PROOF OF FOUNDS TO FULFIL THE CONTRACTUAL AGREEMENT.
3. SELLER ISSUES THE PROOF OF PRODUCT DOCUMENTS IN BUYER COMPANY'S NAME AS LISTED RELOW
3-1. CERTIFICATE OF ORIGIN.
3-2. PRODUCT QUALITY PASSPORT (ANALYSIS TEST REPORT)
3-3. COMMITMENT TO SUPPLY
3-4. BILL OF LADING
3-5. CARGO MANIFEST
3-6. VESSEL Q88 (Information about the Ship)
3-7. CERTIFICATE OF QUALITY AN QUANTITY
3-8. MASTER'S RECEIPT OF DOCUMENTS
3-9. MASTER'S RECEIPT OF SAMPLES.
4. UPON RECEIPT OF THE POP DOCUMENTS, THE BUYER PROVIDES THEIR SHIPPING AGENT CONTACT INFORMATION FOR THE SHIP OWNER TO OPEN COMMUNICATION, ISSUES A NOTICE OF READINESS (NOR) AND POPWER OF ATTORNEY TO BUYER'S SHIPPING AGENT ENTRUSTIONG THEM TO PERFORM ALL NEEDED SHIPPING AGENCY AND FREIGHT FORWARDING SERVICES IN THE DISCHARGE PORT.
5. BUYER MAKES A GUARANTEE DEPOSIT OF 5% OIF THE TOTAL PRODUCT VALUE VIA MT103 AND UPON RECEIPT OF BUYER'S PAYMENT, THE SELLER WILL INSTRUCT THE VESSEL MASTER TO RE-ROUTE THE VESSEEL TANKER FINAL DESTINATION TO THE BUYER'S DISCHARGE PORT.
6. SELLER AND BUYER SIGNS THE TITLE TRANSFER AFFIDAVIT AND THE TITLE OWNERSHIP CERTIFICATE IS ISSUED IN THE BUYER'S COMPANY NAME.
7. SELLER INSTRUCT VESSEL MASTER TO COUNTERSING THE SHIPPING AGENT POWER OF ATTORNER AND PROCEED TO SEND THE COMPLETE SET OF MARITIME AND SHIPPING DOCUMENTS TO ANABLE THE BUYER SHIPPING AGENT FILE FOR MARITIME REPORT AND MAKE ALL PREPARATION TO RECEIVE THE VESSEL TANKER AT THE DESTINATION PORT TERMINAL.
8. UPON ARRIVAL OF THE VESSEL TAKER AT THE DESTINATION PORT AND COMPLETION OF CIQ (China Inspection and Quarantine) INSPECTION, BUYER PAY THE REMAINDER 95% OF THE TOTAL PRODUCT VALUE VIA MT103/TT WIRE WUTHIN 48 HOURS.
9. SELLER PAYS THE INTERMEDIARIES INVOLVED WITHIN 72 HOURS AFTER RECEIPT OF PAYMENT OF THE PRODUCT FROM BY THE BUYER.
TANK TO VESSEL TRANSACTION PROCEDURE
1. The buyer issues ICPO, Company Profile, Passport + KYC; including seller procedure.
2. The seller issue draft Commercial Invoice, Buyer sign and returns to Seller. Then seller sign & stamp and share with buyer. At the same time seller will sign NCNDA & IMFPA with intermediaries as presented by the buyer.
3. Seller issues to Buyer a Letter of Agreement duly signed & stamped, to fulfill the transaction and commitment to pay the buyer a penalty of 2% to the buyer; if the seller fails with the terms in the Letter of Agreement, and it is verse versal.
4. Buyer sign the letter of the agreement and return back to seller within two (2) working days from the date of receipt of the said letter from the seller.
5. Seller sends to the buyer the following documents:
A. Statement of product availability
B. Commitment Letter to Supply
C. Notice of Readiness
D. Tittle Transfer Affidavit
6. Buyer pays for tank ownership for 5 days termed SECURITY GUARANTEE DEPOSIT via escrow to receive the Port Access permit and then procced for the dip-test
NOTE: This payment will be deducted from the final payment. After the payment confirmation, the buyer will receive the following documents:
A. SGS report of less than 10 hours
B. ATV / ATS
C. Unconditional Dip Test Authorization
D. TTTIA (Tank to Tank Injection Agreement)
E. Injection Schedule / Programming
F. Tittle of Ownership in Buyers Name
7. After the DIP-TEST, seller starts the injection processing withing two (2) working days of confirmation from the buyer's tank farm / Shipping Company to star the injection.
8. After injection, Buyer's tank Farm / Shipping Company provides the following POP documents to Buyer and Seller for final confirmation of the product before buyer proceeds to make final payment.
A. Dip Test Authorization - Unconditional
B. Injection Report
C. Tank Farm Bank-code information
D. Letter of Commitment to Supply
E. Registration Certificate.
F. Authorization to Sell & Collect (ATSC)
9. Buyer will conduct Dip=Test, via SGS and after Dip-Test buyer makes payment via MT103 wire transfer / TT to the Seller for the confirmed product already sitting in the buyer's yank / vessel.
10. Seller transfers the tittle of ownership as per buyer, the seller shall pay commissions to all intermediaries involved in the transaction, as per NCNDA / IMFPA. Ans subsequently monthly shipment continues as per terms and conditions of the sales and purchase agreement contract between Buyer and Seller.
CONTRACT PROCEDURE (CIF)
1. BUYER ISSUES ICPO MUST BE WITH BUYER COMPANY LETTERHEAD
2. SELLER ISSUES DRAFT SALES AND PURCHASE AGREEMENT CONTRACT AND COMMERCIAL INVOICE FOR BUYER'S REVIEW AND SIGNING.
3. SELLER GIVES PARTIAL PROOF OF PRODUCTS.
A) SELLER IRREVOCABLE COMMITMENT TO SUPPLY
B) STATEMENT OF AVAILABILITY OF PRODUCT
C) CERTIFICATE OF ORIGEN
D) COMMERCIAL INVOICE FOR THE FIRST VALUE SHIPMENT
4. WITHIN 7-8 BANKING DAYS, BUYER'S BANK SENDS IRREVOCABLE OPERATIVE SBLC VIA MT760 ACCORDING TO SELLER'S FIDUCIARY BANK VERBIAGE TO SELLER NOMINATED FIDUCIARY OFFSHORE BANK ACCOUNT FOR FIRST MONYH SHIPMENT. SHOULD BUYER FAIL TO ISSUE PAYMENT INSTRUMENT WITHIN 7-8 BANKING DAYS, BUYER WILL MAKE CASH DEPOSIT OF 3% BY TT WIRE TRANSFERS FOR SECURITY GUARANTEE AS PERFORMANCE TO SECURE THE ALLOCATION AND TO ANABLE SELLER CHARTER VESSEL AND COMMENCE SHIPMENT, AND THIS PAYMENT WILL BE DEDUCTED FROM THE TOTAL COST OF PRODUCT AFTER INSPECTION AT DISCHARGE PORT.
5. UPON CONFIRMATION OF BUYER’S SBLC OR DLC OR SECURITY GUARANTEE DEPOSIT OF 1% VIA TT WIRE TO FIDUCIARY SELLER'S BANK, THE SELLER WILL ISSUE 2% PERFORMANCE BOND, FULL POP, AND SHIPPING DOCUMENTS VIA SWIFT BANK-TO BANK AS SHOWN BELOW:
A) COPY OF LICENSE TO EXPORT, ISSUED BY THE DEPARTMENT OF THE MINISTERY OF ENERGY
B) COPY OF STATEMENT OF AVAILABILITY OF THE PRODUCT
C) COPY OF THE REFINERY COMMITMENT TO PRODUCE THE PRODUCT
D) COPY OF THE CHARTER PARTY AGREEMENT TO TRANSPORT THE PRODUCT TO DISCHARGE PORT.
E) COPY OF VESSELQUESTIONNAIRE 88
F) COPY OF BILL OF LADING
G) PRODUCT PASSPORT Q&Q
H) NOR/ETA (NOTICE OF READINESS) / (ESTIMATED TIME OF ARRIVAL)
I) ALLOCATION TRANSACTION PASSPORT CODE CERFITICATE (ATPCC) BY MINISTRY OF ENERGY
6. SHIPMENT COMMERCES AND UPON ARRIVAL OF THE VESSEL TANKER AT THE DISCHARGE PORT. THE BUYER CONDUCTS SGS INSPECTION AND MAKES 95% PAYMENT FOR THE TOTAL COST OF THE PRODUCT VIA MT103 WITHIN 72-120 HOURS AND THE SELLER PAYS COMMISSIONS ACCORDING TO IMFPA.
CIF ASWP APPROVED STANDARD BANKING WORKING PROCEDURES
1. BUYER ISSUES ICPO (Irrevocable Corporate Purchase Order)
2. SELLER REVIEWS, UPON ACCEPTANCE SELLER ISSUES DRAFT SPA OPEN FOR AMENDMENT, BUYER REVIEWS, AMENDS AND SIGN THE SPA AND RETURN TO SELLER IN WORD FORMAT
3, SELLER COUNTERSIGN AND SEALS THE DRAFT CONTRACT AND SENDS THE FINAL COPY TO BUYER ALOGSIDE THE FOLLOWING DOCUMENTS:
A. SELLER'S IRREVOCABLE COMMITMENT TO SUPPLY THE PRODUCT
B. STATEMENT OF PRODUCT AVAILABILITY
C. CERTIFICATE OF ORIGIN
D. ICC WARNING LETTER
4. SELLER ISSUES PAYMENT INCOICE FOR ALLOCATION AND LEGALIZATION OF THE CONTRACT, BUYER PAYS FOR ALLOCATION AND LEGALIZATION OF THE CONTRACT, UPON RECEPT AND CONFIRMATION OF BUYER'S PAYMENT, SELLER LEGALIZA THE CONTRACT AND SEND THE LEGALIZED CIPY TO BUYER ALOGSIDE BELOW DOCUMENTS:
A. PRODUCT PASSPORT
B. ATSC IN FAVOR OF THE BUYER COMPANY
C. CPA
D. COMMERCIAL INVOICE FOR THE FIRST VALUE SHIPMENT
E. VERBIAGE OF THE LC
5. WITHIN 5 BANKING DAYS AFTER RECEIVING
THE ABOVE PPOP DOCUMENTS, BUYER'S SENDS MT199 TO SELLER'S BANK NOTIFYING READINESS TO ISSUE THE LC, SELLER'S BANK RESPONDS WITH 2% INOPERATIVE PERFORMANCE BOND WITHING DAYS
6. UPON RECEIP AND OF THE 2% PERDORMANCE BOND, BUYER'S BANK SHALL WITHIN 5 BANKING DAYS ISSUES DLC VIA MT700 OR SBLC VIA MT760 TO SELLER'S FIDUCIARY BANK FOR THE VALUE OF THE FIRST SHIPMENT
WHEREAS BUYER'S BANK FAILS TO ISSUE THE BANKING INSTRUMENT WITHING 5 BANKING DAYS, BUYER SAHLL PAY A GUARANTEE DEPOSIT OF 2% BY TT TO ENABLE SELLER COMMERCE SHIPMENT
7. SELLER ISSUE THE BELOW DOCUMENTS TO BUYER
A. COPY OF EXPORT LICENSE ISSUED BY MINISTRY OF ENERGY RUSSIAN FEDERATION
B. PRODUCT PASSPORT Q&Q (RUSSIAN GOST)
C. AUTHORITATION TO VERIFY
D. DTA
E. NOR/ETA
F. INDENTIFY CARD (ATPCC) ISSUED BY DEPARTMENT OF ENERGY
8. SHIPMENT COMMERCES AND SHOULD ARRIVE THE DESTINATION PORT ACCORDING TO THE SHIPMENT SCHEDULE
9. SELLER ISSUES NCNDA/IMPFA FOR ALL INTERMEDIARIES TO SIGN
10. CARGO ARRIVES AT THE DISCHARGE PORT/ BUYER INSPECTS AND MAKES PAYMENT VIA MT103/TT WIRE TRANSFER
11. SELLER CONFIRMS PAYMENT AND PAY ALL INTERMEDIARIES WITHIN 48 HOURS UPON CONFIRMATION.
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