COMMODITY: RUSSIAN EXPORT BLEND CRUDE GOST 51 858-2002 [REBCO] ORIGIN: RUSSIAN FEDERATION QUANTITY: 1,000,000 BBL FIRST TRIAL SHIPMENT & 2,000,000 BBL X 12 MONTHS WITH R&E CIF PRICE: $60.00 USD GROSS / $57.00 USD NET PER BBL FOB PRICE: $57.00 USD GROSS / $54.00 USD NET PER BBL LOADING PORTS: PRIMORSK/KOZMINO/VLADIVOSTOK/NOVOROSSIYSK DELIVERY: FOB ROTTERDAM/ ASIAN COMMERCIAL SEA PORT & CIF ANY SAFE WORLD PORT (ASWP) PAYMENT TERMS: DLC/SBLC/MT 103/TT FOR THE VALUE OF THE GOODS INSPECTION: SGS/CIQ OR EQUIVALENCE AT BOTH LOADING AND UNLOADING PORTS PERFORMANCE BOND: 2%PB PAYABLE BY SELLER AGAINST BUYER’S DLC INSTRUMENT ONLY CIF CONTRACT INSURANCE: 110% INSURANCE COVERAGE OF THE PRODUCT PAYABLE BY SELLER TO COVER THE PRODUCTS FROM RUSSIAN PORT TO BUYER’S NOMINATED DISCHARGE PORT ONLY CIF CONTRACT COMMISSION: $3.00 USD PER BBL TO BE SHARED 50/50 BY BOTH SIDES
