Liquefied Natural Gas (lng)

PRODUCT:                RUSSIAN LIQUEFIED NATURAL GAS (LNG)

ORIGIN:                 RUSSIAN FEDERATION

QUANTITY:              100,000 MT FIRST TRIAL SHIPMENT & 200,000 MT X 12 MONTHS WITH R&E 

CIF PRICE:              $225.00 USD GROSS/$215.00 USD NET PER MT

PACKAGING:              IN CONTAINERS

LOADING PORTS:          NOVOROSSIYSK PORT

DELIVERY:               CIF MOSSELBAY PORT, SOUTH AFRICA

PAYMENT TERMS:         DLC-MT700/MT760/SBLC/MT 103/TT FOR THE VALUE OF THE GOODS

PERFORMANCE BOND:    2% OPERATIVE PB WILL BE ISSUED FROM SELLER’S BANK TO BUYER’S BANK UPON RECEIPT OF BUYER’S FINANCIAL INSTRUMENT IN SELLER’S BANK

INSURANCE:              110% INSURANCE COVERAGE OF THE PRODUCT PAYABLE BY SELLER TO COVER THE PRODUCTS FROM RUSSIAN PORT TO BUYER’S NOMINATED DISCHARGE PORT

COMMISSION:                   $10.00 USD PER MT TO BE SHARED 50/50 BY BOTH SIDES