Various Petroleum Products – July 2008
NORTAGAS' s strategy is to continue profitable growth thru one to one negotiation with our buyers. Most Of our contracts are based on fixed price; we make exceptional provision for changes in the market place and honors flexible contracts. We have fixed commission rate, our trade representative's shares 50% of commission on seller's side.
We subscribe to energy market data services, and independent market intelligence services that provide us with regular reports that we circulate to our customers to keep them informed of changes that regularly occurs in the market .We react to market factors and may make possible changes in pricing without public notice. If you are in need of other petroleum-based products, we can source them for you provided the volume is high (at least 100,000 metric tons per month).
MAZUT 100 GOST –1058575
RUSSIAN ORIGIN
QUANTITY: Minimum 100 000 Maximum 600 000 MT Annual contract
CONDITION OF DELIVERY: CIF
FIXED PRICE: NET USD $ 410 / GROSS USD $ 420
COMMISSION: USD $ 5 / USD $ 5
MAZUT 100 GOST –10585-99
RUSSIAN ORIGIN
QUANTITY: Minimum 100 000 Maximum 750 000 MT Annual contract
CONDITION OF DELIVERY: CIF
FIXED PRICE: NET USD $ 400 / GROSS USD $ 410
COMMISSION: USD $ 5 / USD $ 5
AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL
RUSSIAN ORIGIN
QUANTITY: Minimum 150 000 Maximum 600 000 MT Annual contract
CONDITION OF DELIVERY: CIF
FIXED PRICE: NET USD $ 79 / GROSS USD $ 74
COMMISSION: USD $ 250 / USD $ 2. 50
LIQUIDIFIED PETROLEUM GAS. 50% Propane and 50% Butane mix
RUSSIAN ORIGIN
QUANTITY: Minimum 150 000 Maximum 600 000 MT Annual contract
CONDITION OF DELIVERY: CIF
FIXED PRICE: NET USD $ 410 / GROSS USD $ 420
COMMISSION: USD $ 5 / USD $ 5
RUSSIA EXPORT BLEND CRUDE GOST 51 858-2002
QUANTITY: Minimum 4 000 000 Maximum 60 000 000 Bbls Annual contract
CONDITION OF DELIVERY, CIF
FIXED PRICE: NET USD $ 75 / GROSS USD $ 81
COMMISSION: USD $ 3 / USD $ 3
RUSSIA EXPORT BLEND CRUDE GOST 9965-76
QUANTITY: Minimum 4 000 000 Maximum 60 000 000 Bbls Annual contract
CONDITION OF DELIVERY, CIF
FIXED PRICE: NET USD $ 78 / GROSS USD $ 83
COMMISSION: USD $ 3 / USD $ 3
DIESEL GAS D2 OIL GOST 305-82
RUSSIAN ORIGIN
QUANTITY: Minimum 100 000 Maximum 1 000 000 MT Annual contract
CONDITION OF DELIVERY, CIF
FIXED PRICE: NET USD $485 / GROSS USD $ 495
COMMISSION: USD $ 5 / USD $ 5
LIQUIDIFIED NATURAL GAS. GOST 5542-87
RUSSIAN ORIGIN
QUANTITY: Minimum 150 000 Maximum 2 000 000 MT Annual contract
CONDITION OF DELIVERY, CIF
FIXED PRICE: USD $ 420 GROSS / USD $ 410 NET
COMMISSION: 50% / 50 %
GASOLINE 87 OCTANE
RUSSIAN ORIGIN
QUANTITY: Minimum 150 000 Maximum 2 000 000 MT Annual contract
CONDITION OF DELIVERY, CIF
FIXED PRICE : USD $ 430 GROSS / USD $ 420 NET
COMMISSION: 50% / 50 %
GASOLINE 89 OCTANE
RUSSIAN ORIGIN
QUANTITY: Minimum 150 000 Maximum 2 000 000 MT Annual contract
CONDITION OF DELIVERY, CIF
FIXED PRICE: USD $ 400 GROSS / USD $ 390 NET
COMMISSION: 50% / 50 %
GASOLINE 93 OCTANE
RUSSIAN ORIGIN
QUANTITY: Minimum 150 000 Maximum 2 000 000 MT Annual contract
CONDITION OF DELIVERY, CIF
FIXED PRICE: USD $ 430 GROSS / USD $ 420 NET
COMMISSION: 50% / 50 %
CST-180 FUEL OIL
RUSSIAN ORIGIN
QUANTITY: Minimum 150 000 Maximum 2 000 000 MT Annual contract
CONDITION OF DELIVERY, CIF
FIXED PRICE: USD $ 220 GROSS / USD $ 210 NET
COMMISSION: 50% / 50 %
Guidelines to note when preparing documents
LETTER OF INTENT (LOI)
1. Freshly dated (not older than 5 working days)
2. The letterhead is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, address, phone number, fax number and email address
3. The LOI must be addressed to NORTAGAS
4. We need the quantity, duration, destination port, price idea, specification and origin
5. The documents must be signed and sealed
IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)
1. Freshly dated (not older than 5 working days)
2. The letterhead is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, address, phone number, fax number and email address
3. The information's must be detailed and we need a specification
4. The ICPO must be addressed to NORTAGAS
5. Bankers information must be the same as the to the company ordering and as stated in the letter head, if different, then it must be accompanied by a letter of the owners of the bank account attached to the ICPO stating their authorization of the purchase
STANDARD TRADING PROCEDURE
# position ( acting as ) of company and/or person ,if official buyer's mandate, mandate certificate must be presented. If broker, agent, marketing facilitator, an NCNDA and IMFPA will be signed and negotiation will be held directly with buyer's mandate
# NORTAGAS will require Soft probe authorization and ICPO issued directly to NORTAGAS, dated not later than 5 days from date of issue; Mandate authorization to commence transaction on behalf of end-buyer.
# NORTAGAS require financial statement of buyer/Non-operative financial instrument /or RWA from buyers bank.
# NORTAGAS is the paymaster and will endorsed IMFPA by Russian state notary and international independent chamber of commerce and irrevocable promise statement/ post dated draft/check to cover each intermediary commission will be issued from NORTAGAS' s bank to buyer's side paymaster.
STANDARD TRADING PROCEDURE
1 Buyer issues LOI + BCL with right to soft probe
2 Seller issues soft offer
3 Buyer accepts Seller's FCO with acceptance letter
4 Seller issues draft contract, open for amendments
5 Buyer issues financial statement/ proof of fund.
6 Seller issues partial proof of product.
7 Seller issues hardcopy for final signatory,
Both party exchange hard copy of contract via courier
Both party lodges contract in respective bank.
8 Seller's bank swift POP to buyer's bank
9 Buyer's bank opens DLC
10 Seller's bank issues 2% PB
11 Deliverance commence as per contract.
We may consider buyer optional procedure if we full have financial statement ( non-operative instrument ) before commencing transaction. On this basis ,we can issue POP forehand and expert buyer MT720 to move straight to delivery. Or alternatively ,we require buyer's involvement in processing their order . MGT NORTAGAS.
