Liquefied Natural Gas
Liquefied Petroleum Gas
The seller can supply the LNG, LPG, and other products. The seller is registered with the Russian ministry of energy, the seller has the official license to export and the seller can load from many Russian and other port around the globe and the seller can deliver to any ASWP Port in the world.
Prices can be provided on request. In order to provide the prices and an official offer the buyer is asked to provide SAA with CP and LOI for initial DD. The procedure of the seller is non-negotiable and non-amendable.
Procedure for CIF Deliveries
MOQ: 50,000 MT * 12 months
1. Buyer sends LOI and CP to Seller through Seller’s Authorized Agent (SAA) from his corporate email account. Seller issues SCO to the name of Buyer. Seller’s Authorized Agent (SAA) sends SCO to Buyer to be completed and signed. Buyer signs SCO and reverts to Seller.
Note: we will always verify each LOI with the buyer himself. There is no way that we send any SCO or FCO addressed to intermediaries or agents or mandates representing the buyer.
2. Seller sends FCO to Buyer and Buyer reverts the following documents properly filled out to Seller:
a. Completed FCO with Buyer’s bank data, signed and sealed.
b. Customer Information Sheet (CIS; template provided by Seller) on Buyer’s letterheads, containing also:
I. Copy of Company Registration Certificate
II. Passport copy of signatory
c. RWA letter issued by Buyer’s bank (template provided by Seller)
d. Authorization to verify the RWA letter by our bank
Note: We forward Buyer’s confidential papers to our bank only to get their ok to proceed with the Buyer. This shall protect us from non-performing parties. In case our bank declines this Buyer we will delete his documents on our servers and inform him accordingly.
3. Seller drafts Sales & Purchase Agreement (SPA) and Commercial Invoice (CI) to be lodged in both banks. Seller and Buyer execute final contract. Seller sends final contract electronically in PDF format. An electronically executed final contract can stand as original.
Note: The following procedure step may be skipped once the banks have established satisfying communication between them. The RWA letter should make this step redundant. In case both banks agree on the pre-advice we will not argue here. We will never interfere in the bank-to-bank communication.
4. Buyer’s bank sends MT799/Pre-Advice (verbiage provided by Seller’s Bank) to Seller’s bank and Buyer’s sends copy immediately to Seller’s company email address. After Seller has received the copy of the transferred SWIFT and forwarded to his bank, Seller’s bank opens communication with Buyer’s bank on basis of the lodged SPA to discuss all relevant items and documents for security on the deal for both banks (Buyer/Seller).
5. After successful mutual confirmation of the MT799/Pre-Advice between both banks Seller’s Bank confirms by SWIFT MT799 and Buyer’s bank sends SWIFT MT760/BG/SBLC (verbiage provided by Seller’s Bank) about the amount for the first delivery to Seller’s bank within 3 banking days.
6. Usuall within 72 hours after confirmation of the instrument by Seller’s bank and depending on SGS inspection timeline loading starts as per delivery schedule agreed in the contract.
7. Vessel sails to destination Port, Seller gives DTA at discharging port and Buyer makes Dip Test / SGS/ CIQ or similar organization
8. Buyer’s bank pays for each shipment 100% by TT or MT103, at sight in the discharging port against presentation of the shipping documents.
Note: Depending on history with the Buyer, destination port and other parameters payment is required at loading or at discharging port. This will be agreed on each transaction between Buyer and Seller. SPOTs or first lifts are always payble at loading port.
9. Seller provides 110% insurance in favor of the buyer.
10. Transaction closed#
The final procedure may contain variations of the above depending on the individual case. For some countries and harbours payments are due at loading port and so forth. Details will be discussed and agreed between Buyer and Seller.
GENERAL TERMS:
• Upon successful completion of the first shipment (trial), the SBLC/BG will be automatically extended (and increased if necessary) to the amount of the next delivery and further to be extended until the contract is completed totally for the quantity as specified in the contract.
• Upon receipt of shipping documents for each shipment required for the payment, Buyer’s bank will make the payment as required to Seller’s bank within the contract terms and conditions.
• The Seller guarantees on his account that each shipment will be provided with inspection of weight and quantity and quality at the time of loading. Certificates shall be provided by SGS or similar authority at Seller’s expense and shall be binding for both parties. Seller instructs such authority to carry out the inspections under strict rules and in accordance with the specifications in the contract and or the international chamber of commerce rules (incoterms 2010 latest edition, with all amendments).
• Buyer’s Bank shall use 100% the verbiage for the MT799/RWA or MT999/RWA and MT760/SBLC as in Appendix “B” and “C” in the SPA.
• Without the copies of the transmitted SWIFT and Fax in Seller’s hands there will be no confirmation of the SWIFT from Seller’s bank to Buyer’s bank possible due to banking regulations against Money Laundering (AML). Seller’s bank may request other documents from the Buyer on company letterheads for the same reason.
• Seller pays commission to intermediaries.
SHIPPING DOCUMENTS:
• SELLER’S COMMERCIAL INVOICE (3 ORIGINAL SET)
• PACKING LIST (3 ORIGINAL SET)
• CERTIFICATE OF ORIGIN FORM D
• BILL OF LADING ISSUED TO THE ORDER OF CONSIGNEE.
• SIGNED COMMERCIAL INVOICE
• SGS CERTIFICATE OF QUALITY FROM SELLER’S FACILITIES IN ROTTERDAM
• SGS CERTIFICATE OF QUANTITY FROM SELLER’S FACILITIES IN ROTTERDAM
• SGS CERTIFICATE OF ORIGIN
• CERTIFICATE OF OWNERSHIP
• FULL SET OF “CLEAN ON BOARD” MARINE BILL OF LADING, CERTIFICATE OF WEIGHT, QUANTITY AND QUALITY)
• AUTHORIZATION TO SELL FOR THE BUYER (ATS)
