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PAN - ICPO Korsneft Wild China M100
PAN - ICPO Korsneft Wild China M100
REGISTERED ADDRESS: UNIT 2508A,25/F BANK OF AMERICA TOWER 12 HARCOURT RO CENTRAL HONG KONG( 12 25 2508A ) Buyer Company REG NO: 183686 TEL: 00963-935279189 FAX: 00963-11-6486040 e.mail: ssaned545@gmail.com
IrrevocableCorporatePurchaseOrder
To: mr.ahmed saker : mr. ahmed saker
Date: 26
nd
December 2013
: 2013/12/26
We, WILD CHINA (HK) INVESTMENT LIMITED as the Buyer will full corporate responsibility and authority hereby have pleasure to confirm our readiness, willingness and ability to b the following product under the below: PRODUCT: RUSSIAN MAZUT M100 (GOST 10585/75) MAZUT M100 (GOST 10585/75) 1. Origin: 2. Price: 3. Quality: 4. Quantity: Russia USD 420 Gross per M/T 390 net, per M/T ,CIF HuangDao port ,China 420 /, 390 /,CIF Please refer to the attached Annex A specification A (1) 50,000 MT for first trial ship order. (2)The second month150,000 MT per month 12consecutive months.A total of 1,800,000MT. (1) 5 (2) 15 12 180
5. Total Contractual Quantity: 1,850,000 MT 1,850,000 6. Destination: 7. Duration: 8. Inspection: CIF ASWP---Shandong huangdao port in China ---- 13 months with rolls and extensions 13 Quality, Quantity, Weight by SGS at sellers cost at loading port, And SGS at discharging port by buyer's account. SGS SGS Payment: The payment by irrevocable Documentary Letter of Credit .Located in the contract
The seller issued a 2% performance bond to buyer. Then the buyer open a DLC with the full value of a single ship to the seller. 2%
1. Buyer confirms soft offer and ICPO with full banking information allowing for soft probe to the Seller. 2. Seller issues FCO, Buyer sign the FCO and the acceptance of the term and procedures to the Sellers Company. 3. Seller provides Draft Contract to Buyer to revise and confirm by initial. Buyer and Seller sign contract via electronic mail, which shall be deemed legally binding and enforceable, each lodge contracts with their respective banks. 4. Before contract proceeds to the ministry, the buyer would be , requested necessary documents required to register the contract. List of Documents: Copy of Tax Registration Certificate, Copy of Registration Certificate of Legal Entity (Certificate of Incorporation), Post details, bank details, passport data page copy of the company representative All documents are to bear a company stamp, and a chief executives signature. 5. Seller registers and legalizes the hard copy contract with the Ministry of Energy Export Control Department. 6. Seller sends by Fax Soft proof of product to buyer open for verification by the buyer. 7. Seller/Buyer proceeds and acquires PAC/Certificate of ownership of the transaction from the Ministry of Energy Export Control Department Russian Federation. (these process does not required any fee from the buyers ) 8. Sellers bank shall notify the buyers bank that they are willing and ready to issue a non-operative 2% performance bond to buyers bank, the 2% performance bond will be placed in the buyers bank account, should the seller fail to supply the cargo of the products this 2% PB will be paid to
the buyer and intermediaries accordingly as compensation.
9. Seller pay for tariff cost for the transportation calculated by the shipping company, and pays for Custom Clearance Duty Fee calculated by Custom Department. 10. The SGS inspection will be borne by the sellers Company at the loading port and Buyer at the Unloading port. 11. Sellers bank swift to buyers bank the full Proof of Product (POP) documents.
Copy of export license, issued by the ministry of Petroleum and Energy. Copy of approval to export, issued by the ministry of justice.
Copy of Transnet contract to transport the Product to the Port. Copy of charter party agreement. Copy of Customs clearance certificate. Copy of the tank receipt issued by the storage facilitator. Copy of SGS Report. .
12. Buyer issues the financial Instruments in equivalence of the first month
cargo value within 5 (five) banking days after receipt of 2% PB from the sellers company. This action makes simultaneously and automatically the 2% performance bond from the sellers bank and the Financial Instrument from the buyers bank operative. 13. Shipment commences as per contract and the shipment should arrive at Buyers discharge port within 30-45 days after the Financial Instrument received by the sellers bank.
DETAILS OF BUYER Company Name:WILD CHINA (HK) INVESTMENT LIMITED REGISTERED ADDRESS: UNIT 2508A,25/F BANK OF AMERICA TOWER 12 HARCOURT ROAD CENTRAL HONG KONG( 12 25 2508A ) Company REG NO: 1836867 Buyer Company REG NO: 183686 TEL: 00963-935279189 FAX: 00963-11-6486040 e.mail: ssaned545@gmail.com
BANK DETAILS OF BUYER Bank Name: THE BANK OF EASTASIA(CHINA)LIMITED XIAMEN BRANCH Address: 1-2/F, 96 Lujiang Road.,Siming District, Xiamen, Fujian, P.R.China Account Name: WILD CHINA (HK) INVESTMENT LIMITED Account Number:120001162787400 Bank Officer : Wu Lin Bank Tel/Fax No:0592-2991807 /0592-2991888
Thank you in advance for SCO. SCO With the best regards for all the time, Authorized Signature
Annex A SPECIFICATIONSOFMAZUTM100GOST105-85-75 Component 1. Ash content, not more % 2. Mass fraction of sulphur, not more % - low sulphur residual oil 3. Temperature of the flash, not less C in the closed crucible In the open crucible C 4. The temperature of solidification, not higher C 5. Kinematics viscosity 6. Water content 7. Mechanical impurities 8. Acidity 9. Alkalinity 10. Gross Calorific Value Kcal/kg / KJ/kg 11. Density at 15.0 deg. C Kg/l 12. Hydrogen Sulfide Content (H2S) ppm 13. Carbon Residual 14. Vanadium (V) ppm 15. Aluminium (Al) ppm 16. Silikon (Si) ppm 17. Nickel (Ni) ppm 18. Asphaltenes m/m 19. Destilation @4 mm Hg Extracted to 760 mm Hg Initial Boiling Point deg. C 5% recovered deg. C 10% recovered deg. C 20% recovered deg. C 30% recovered deg. C 40% recovered deg. C 50% recovered deg. C 60% recovered deg. C 75% recovered deg. C 80% recovered deg. C 90% recovered deg. C Final Boiling point deg. C Percent Recovered vol Residue vol Total Nitrogen m/m 20. Sodium (Na) ppm 21.K ppm 22.Ca ppm Result 0.14Max 0,5Max 65MIin 110 Min. 25Max 118 Max. 0.5% Max Lower than 0.1% Max Lower than 5 mg KOH/100ml Nil Min 9,200/41,300 0.890-0.920 0.5 Max. Lower than 7% 30 5 12 29 3.6%
216 259 310 358 445 502 534 538 545 550 78% 22% 0.192% 15 40 10