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  1. SALES AND PURCHASE AGREEMENT
  2. RUSSIAN MAZUT M100 GOST 10585 - 75
  3.  
  4. Delivery terms: CIF CHINA MAIN PORT.
  5. Quantity: 500,000 MT x 12 Months – Six Million MT Contract
  6. Price basis:  US$
  7.          
  8. DRAFT CONTRACT
  9. SALE AND PURCHASE OF RUSSIAN ORIGIN MAZUT M100
  10.  
  11. This Agreement is made on this 23RD   day of MARCH, 2011 and entered into by and between:
  12.  
  13. (Hereinafter referred to as “Seller”)
  14. COMPANY PREMIER PETROCHEMICAL TRADING
  15. LEGAL ADDRESS  
  16. CITY   
  17. COUNTRY
  18. EMAIL  
  19. TELEPHONE      
  20. E/FAX  
  21. REPRESENTED BY 
  22. TITLE  
  23. COUNTRY
  24.  
  25.  
  26.  
  27.  
  28. (Hereinafter referred to as “Buyer”)                              
  29. COMPANY
  30. LEGAL ADDRESS  
  31. CITY   
  32. COUNTRY
  33. TEL    
  34. E/mail 
  35. REPRESENTED BY 
  36. TITLE  
  37. EMAIL  
  38. COUNTRY
  39.  
  40. CLAUSE 1 - SCOPE OF THE CONTRACT
  41. 1.1     The buyer has agreed to buy on CIF CHINA basis, a Quantity of 500,000 MT (Five Hundred Thousands Metric Ton) per Months, consecutive supply for Twelve (12) Months of RUSSIAN MAZUT M100 GOST 10585-75.
  42.  
  43. CLAUSE 2 – QUALITY
  44. 2.1     The Seller guarantees that the quality of the product sold will conform to the guaranteed specifications as reported in (APPENDIX A), which constitutes as integral part of this agreement.
  45.  
  46. CLAUSE 3 – AVAILABILITY
  47. 3.1     The commodity shall be available at Shipment Schedule.
  48.  
  49. CLAUSE 4 – TERMS
  50. 4.1     The duration of this contract is for CIF Contract.
  51.  
  52.  
  53. CLAUSE 5 – PORT OF LOADING
  54. 5.1     C.I.F. Vladivostok.
  55.  
  56. CLAUSE 6 – DESTINATION
  57. 6.1      C.I.F. CHINA MAIN PORT.
  58.  
  59. CLAUSE 7 – PAYMENT
  60. 7.1     The payment by Conditional MT103/23, SBLC or BG MT760 and T/T.
  61.  
  62. CLAUSE 8 – DELIVERY/SHIPMENT
  63. 8.1     To Be AScheduled
  64.  
  65. CLAUSE 9 PROCEDURES:
  66. 1.      Buyer issues an ICPO, LOI with right to soft probe, alongside with the NCNDA-MFPA for all the parties involved.
  67.  
  68. 2.      Supplier countersign and verify all Documentations before issuing the FULL CORPORATE OFFER.
  69.  
  70. 3.      Buyer signs and returns FULL CORPORATE OFFER.
  71.  
  72. 4.      Supplier issues draft contract initials on every page, signs and seals and send it to the Buyer for Buyer’s signature and seal (with amendments if any).
  73.  
  74. 5.      Buyer counters sign and seals the draft contract and sends via email to the Supplier.
  75.  
  76. 6.      Supplier sends the Final Approved Contract to the Buyer via E-mail. The Buyer issues an Official Letter of Acceptance to Supplier.
  77.  
  78. 7.      Supplier sends copies of the following Partial proof of product documents to the buyer:
  79. a.      Affidavit
  80. b.      Commitment to produce the product
  81. c.      Certificate of incorporation
  82. d.      Confirmation letter from the ministry of justice
  83.  
  84. 8.      Upon Confirmation of the Partial Proof of Product Documents, the Buyer issues SBLC or BG MT760 of Total Value Charge for the first month delivery as POF.
  85.  
  86. 9.      Upon Confirmation of the Proof of Fund (POF) from the Buyer’s Bank, Supplier shall send three (3) original hard copies of the Contract and the Confirmation of POP (Proof of Product) to the Buyer via courier service.
  87.  
  88. 10.     Upon confirmation of the receipt of the Original Hard Copy Contract by the Buyer, Supplier sends the Proof of Product (POP) to Buyer, providing the following documents as POP (Proof Of products):
  89. a.      Copy of license to export, issued by the department of the ministry of energy.
  90. b.      Copy of approval to export, issued by the department of the ministry of justice.
  91. c.      Copy of statement of availability of the product.
  92. d.      Copy of the Refinery commitment to produce the product.
  93. e.      Copy of the contract to transport the product to the loading port.
  94. f.      Refinery Certificate of Product
  95. g.      Copy of the port storage agreement
  96. h.      Copy of the charter party agreement(s) to transport the product to discharge port.
  97. i.      SGS report of the product available for lifting immediately
  98. j.      Tanks Receipts of the product available for lifting immediately (or Bill of Lading)
  99.  
  100. 11.     Supplier’s Bank will issue an Operative 2% performance bond (PB) to Buyer’s bank. The 2% PB will be placed in Buyer’s Bank account, should the Supplier fails to supply the cargo of the products, this 2% PB will be paid to the Buyer and intermediaries accordingly as compensation.
  101.  
  102. 12.     Within 11 (eleven) working days Supplier will send Buyer invitation to Russia (Moscow) to view the allocation.
  103.  
  104. 13.     Delivery commences as per contract and the shipment should arrive at Buyer’s discharge port within 25-30 days after the receipt of the BG or SBLC MT760. The Buyer issues direct payment to Supplier for each Delivery, within Seven Banking Days after reception of the Goods CIF ASWP.
  105.  
  106. CLAUSE 10 – DESTINATION PORT CONFIRMATION
  107. 10.1    Look the APPENDIX D
  108.  
  109. CLAUSE 11 – INSURANCE  :
  110. 11.1    INSURANCE: PREMIER PETROCHEMICAL TRADING will provide insurance coverage 110% of value of contract; and will require POF-BG MT760 (Verbiage – Appendix C) from buyer’s bank before running the cost procuring buyer’s order.
  111.  
  112. CLAUSE 12 – PRICE
  113. 12.1    Contract Price is C.I.F CHINA PORT, US$
  114.  
  115. CLAUSE 13 – SANCTIONS (NON PERFORMANCE)
  116. 13.1    Should either Party fail to comply with any of their obligations to the other Party related to This Contract, then the contract becomes null and void.
  117.  
  118. CLAUSE 14- INSPECTION
  119. 14.1    The quality and the weight of the products shall be ascertained and certified by SGS at loading port at Seller’s cost and at the tank farm at the Buyer’s cost. Seller to make arrangements at the tank farm for Buyer’s inspectors to re-inspect product before payment.
  120.                                                
  121. CLAUSE 15- APPLICABLE LAW
  122. 15.1    The English (UK) Law shall govern all matters relating to the validity, interpretation or performance of this contract.
  123.  
  124. CLAUSE 16 – ABRITRATION
  125. 16.1    All disputes arising in connection with the present contract shall be settled in an amicable way firstly. Should no agreement be reached by the parties, then the case shall brought for final settlement under the rules of conciliation and arbitration of the international Chamber of commerce in London by one or more arbitrators in accordance with the said rules.
  126.  
  127. 16.2    Each party shall appoint one arbitrator, nothing in the agreement shall be constructed to prevent any court having jurisdiction from issuing injunctions, attachment orders or order for other similar relief in aid of any arbitration commenced (or to be commenced) pursuant to the Section. Judgment upon the award rendered by the Arbitrator(s) could be entered in the Court having jurisdiction hereof.
  128.  
  129. 16.3    Neither party shall fail to comply in a timely way with the obligations of this part to be performed in a pursuance to this contract although a dispute has arisen and proceeded to arbitration.
  130.  
  131. 16.4    Findings as assessed by the designated third Arbitrator, without any possibility of recourse, will be final and binding on both parties.
  132.  
  133.  
  134. CLAUSE 17 –CONFIDENTIAL, NON DISCLOSURE AND NON CIRCUMVENTION
  135. 17.1    All parties related to this contract accept and agree to the internationally accepted provisions for non-circumvention and non-disclosure with regard to all and every one of the parties involved in this transaction and contract, and any additions, renewals and third party assignments, with full reciprocationfor a period of Five (5) years of the execution of this contract. 
  136.                                        
  137. CLAUSE 18 – FORCE MAJEURE
  138. 18.1    Neither party to this agreement shall be responsible for breach of contract cause by acts of God, insurrection, and breakdown of refinery operations or supplies to the seller, civil war, military operations, and national or local emergencies. The parties hereby accept the international provisions of Force Majeure and hardships published by the International Chamber of Commerce.
  139.  
  140. CLAUSE 19 – DECLARATION
  141. 19.1    The undersigned declare that the foregoing instrument fully sets forth the entire agreement between the parties and that the signatories below have been fully and duly authorized to enter into and bind each representative company to the contract.
  142.  
  143.  
  144.  
  145.  
  146.  
  147.  
  148.  
  149.  
  150.  
  151.  
  152.  
  153.  
  154.  
  155.  
  156.  
  157.  
  158.  
  159.  
  160.  
  161.  
  162.  
  163. LEGAL ADDRESS OF THE PARTIES:
  164. SELLER:
  165. COMPANY PREMIER PETROCHEMICAL TRADING
  166. LEGAL ADDRESS  
  167. CITY   
  168. COUNTRY
  169. EMAIL  
  170. TELEPHONE      
  171. E/FAX  
  172. REPRESENTED BY 
  173. TITLE  
  174. COUNTRY
  175.  
  176. BUYER:
  177. COMPANY
  178. LEGAL ADDRESS  
  179. CITY   
  180. COUNTRY
  181. EMAIL  
  182. TELEPHONE      
  183. E/FAX  
  184. REPRESENTED BY 
  185. TITLE  
  186. COUNTRY
  187.  
  188.  
  189.  
  190.  
  191. CLAUSE 22: BANKING COORDIBATES
  192. 22.1    SELLER’S BANKING DETAILS
  193. BANK NAME:     
  194. A/C NAME:      
  195. BANK ADDRESS:  
  196. SWIFT CODE:    
  197. ACCOUNT NO.:   
  198.  
  199. 22.2    BUYER’S BANKING DETAILS
  200. BANK NAME:     
  201. BANK ADDRESS:  
  202. ACCOUNT NAME
  203. IN FAVOR OF ACC NO:.   
  204. A/C NUMBER:    
  205. BANK OFFICER:
  206. TITLE  
  207. BANK OFFICER TEL:
  208. TELEX: 
  209. SWIFT: 
  210.  
  211. SELLER AND BUYER RESERVES THE RIGHT TO CHANGE OR ADD BANKS.
  212. THERE IS NO CONTACT TO SELLER’S AND BUYER’S BANK WITHOUT WRITTEN OR VERBAL AUTHORISATION. ALSO THE BUYER IS A RE-SELLER AND RESERVE THE RIGHT UNDER THIS CONTRACT TO RESALE THE PRODUCT TO ANY COMPANY OF HIS CHOICE
  213.  
  214. EDT (ELECTRONIC DOCUMENT TRANSMISSIONS) SHALL BE DEEMED VALID AND ENFORCEABLE IN RESPECT OF ANY PROVISSION OF THIS CONTRACT.
  215.  
  216.  
  217.  
  218.  
  219. SIGNATURE PAGE
  220.  
  221. IN WITNESS WHERE OF, the parties have executed this agreement as and for, 23rd day of March, 2011. Agreed and Accepted:
  222. THE BUYER:
  223.  COMPANY NAME  
  224. SIGNATURE OF REPRESENTATI VE   
  225. NAME IN FULL   
  226. TITLE  
  227. PASSPORT NO.   
  228. DATE   
  229.  
  230. THE SELLER:
  231. COMPANY NAME    PREMIER PETROCHEMICAL TRADING
  232. SIGNATURE OF REPRESENTATI VE             
  233. NAME IN FULL    MR. SERGEY IVANOV VLADIMOVICH  
  234. TITLE   VICE PRESIDENT ADMINISTRATION  
  235. DATE    23RD  / March / 2011    
  236.  
  237.  
  238.  
  239.  
  240.  
  241.  
  242.  
  243. APPENDIX A:
  244. GUARANTEED SPECIFICATION
  245. RUSSIAN HEAVY FUEL OIL / MAZUT M100 GOST 105 - 85 - 75
  246. Specification of Heavy Fuel Oil MAZUT M100
  247. GOST 1O5 / 85 / 75
  248. COMPONENT       RESULT
  249. 1.      Ash content, not more % 0,14
  250. 2. Mass fraction of sulphur, not more %
  251. -_low —_sulphur —_residual_—_oil  ≥1,15
  252.  
  253. 3.      Temperature of the flash, not less °C in the Close crucible    ≥65
  254. In the open crucible °C        110 mm
  255. 4.      The temperature of solidification, not higher °C       25
  256. 5. Kinematics viscosity at 50°C        118 max
  257. 6.      Water content   0.5%
  258. 7. Mechanical impurities        Lower than 0.1%
  259. 8. Acidity      Lower than      5mg KOH/ lOOmI
  260. 9.      Alkalinity      nil
  261. 10.     Gross Calorific Value Kcal/kg / KJ/kg   Min9200/41 300
  262. 11. Density at 15.0 deg. C Kg/I 0.890-0.9200
  263. 12. Hydrogen Sulfide Content (H25) ppm  0.5     max
  264. 13.     Carbon Residua  Lower than 7%
  265. 14.     Vanadium (V) ppm        23 max
  266. 15.     Aluminium (Al) ppm      5
  267. 16.     Silikon (Si) ppm        12
  268. 17. Nickel (Ni) ppm     49
  269. 18.     Asphaltenes m/m 3.6%
  270. 19. Destilation @4 mm Hg       
  271. Extracted_to_760_mm_Hg 
  272. Initial Boiling Point deg. C    216
  273. 5% recovered deg. C     259
  274. 10% recovered deg. C    310
  275. 20% recovered deg. C    358
  276. 30% recovered deg. C    445
  277. 40% recovered deg. C    502
  278. 50% recovered deg. C    534
  279. 60% recovered deg. C    538
  280. 75% recovered deg. C    545
  281. 80% recovered deg. C    -
  282. 90% recovered deg. C    -
  283. Final Boiling point deg. C      550
  284. Percent Recovered vol   78%
  285. Residue vol     22%
  286. Total Nitrogen m/m      0.192%
  287. Sodium (Na) ppm 15
  288.         Pantone 497
  289.         <=1.6
  290.  
  291.  
  292.  
  293.  
  294.  
  295.  
  296.  
  297.  
  298.  
  299.  
  300.  
  301.  
  302.  
  303.  
  304.  
  305.  
  306.  
  307.  
  308.  
  309.  
  310.  
  311.  
  312.  
  313.  
  314. APPENDIX B
  315. SPECIMEN TEXT OF CONDITIONAL SWIFT VERBIAGE S.W.I.F.T. FORMAT
  316. MTT03/FIELD 23  
  317. TO                      :
  318.  
  319. BANK NAME               :      
  320. BANK ADDRESS    :
  321. ACCOUNT HOLDER  :
  322. ACCOUNT NO.     :
  323. BANK OFFICER    :
  324. SWIFT CODE              :
  325. PHONE NUMBER    :      
  326. FAX NUMBER              :      
  327.  
  328. FROM                    :
  329.  
  330. BANK NAME               :
  331. BANK ADDRESS    :
  332. ACCOUNT HOLDER  :
  333. ACCOUNT NO.     :  
  334. SWIFT CODE              :
  335. BANK OFFICER    :
  336.  PHONE NUMBER   :
  337. FAX NUMBER      :
  338.  
  339. BY THE ORDER OF :
  340. CONTRACT CODE   :
  341.  BUYER’S CODE :
  342. SELLER’S CODE :
  343.  
  344. WE, (ISSUING BANK), ON BEHALF OF OUR CLIENT, HEREBY PRESENT OUR IRREVOCABLE, ASSIGNABLE, TRANSFERABLE AND CALLABLE CASH-BACKED S.W.I.F.T WIRE TRANSFER MT103 / FIELD 23 CONDITIONAL IN YOUR FAVOR FOR THE ACCOUNT OF (      ) AND ACCOUNT NUMBER: (     ) FOR AN AMOUNT OF USD XXX,000,000 (THREE HUNDRED MILLION UNITED STATES DOLLARS) AS A CREDIT LINE FOR THE CONTRACT NUMBER (     ) WITH (    ).
  345.  
  346. WE HEREBY CONFIRM THAT THE FUNDS ARE GOOD, CLEAN AND CLEARED FUNDS OF NON-CRIMINAL ORIGIN AND ARE FROM A LEGAL SOURCE.
  347. THIS IRREVOCABLE S.W.I.F.T. IS A BINDING FULLY PERFORMED DUE BILL AND IS IMMEDIATELY CALLABLE FOR CASH PAYMENT AGAINST THE (SELLER’S CERTIFIED INVOICE TO THE BENEFICIARY BANK) CONDITIONAL TO RECEIVE PAY ORDER ABLE WITHIN 30 DAYSOF CALL THIS S.W.I.F.T, FOR TOTAL AMOUNT OF USD..(%...for the amount of swift)…FOR THE BENEFIT OF:
  348. (This Amount will be re-send to the name of whom is noted in the swift by provider)
  349.  
  350. NAME OF BENEFI  :……………….
  351. NAME OF BANK    :……………….
  352. ACCOUNT NO.     :……………….
  353. SWIFT CODE              :……………….
  354.  
  355. THIS CONDITIONAL, IRREVOCABLE, DIVISIBLE, ASSIGNABLE, TRANSFERABLE CALLABLE CASH-BACKED S.W.I.F.T WIRE TRANSFER IS VALID FOR 15 (FIFTEEN) BANKING DAYS FROM THE __ TH DAY OF ________, 2010 AND UNTIL THE __ TH DAY OF _______, 2010. 1700 CENTRAL EUROPEAN TIME
  356.  
  357. THIS IS AN OPERATIVE BANK INSTRUMENT AND IS SUBJECT TO THE UNIFORM COMMERCIAL CODE AS IT RELATES TO BANK CREDIT INSTRUMENTS
  358.  
  359. BENEFICIARY
  360.  
  361. FOR AND ON BEHALF OF :
  362. NAME OF THE ISSUING BANK
  363.  
  364. BANK SEAL
  365. _________________                                               ________________
  366. BANK OFFICER (1)                                                BANK OFFICER (2)
  367. NAME:                                                           NAME:
  368. TITLE:                                                          TITLE:
  369.  
  370.  
  371.  
  372.  
  373.  
  374.  
  375.  
  376.  
  377.  
  378.  
  379.  
  380. APPENDIX C
  381.  (SAMPLE)
  382. SPECIMEN TEXT OF MT760 BANK GUARANTEE VERBIAGE (ICC 458)
  383.  
  384. BANK GUARANTEE NUMBER:
  385. TRANSACTION CODE:
  386. CURRENCY AND AMOUNT:    $XXX,000,000 USD
  387. ISSUED AT:
  388. ISSUE DATE:
  389. MATURITY DATE:
  390. BENEFICIARY:
  391. ISSUING BANK:
  392. BANK ADDRESS:
  393.  
  394. WE, ____________________, ___________________ WITH FULL BANK RESPONSIBILITY AND AUTHORITY HEREBY IRREVOCABLY AND UNCONDITIONALLY, WITHOUT PROTEST OR NOTIFICATION UNDERTAKE TO PAY AGAINST THIS BANK GUARANTEE №……… IN FAVOR BENEFICIARY OF COMPANY __________________________, ADDRESS ____________, AT MATURITY DATE ………… MONTHS) THE SUM USDXXX,000,000.00 (XXX US DOLLARS) UPON PRESENTATION AND SURRENDER OF THIS BANK GUARANTEE AT OUT BANK COUNTERS, OR OUR CORRESPONDING AND CONFIRMING BANK, BUT NOT EARLIER THAT 15 (FIFTEEN) DAYS AFTER THE MATURITY DATE. SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF, FREE, AND CLEAR OF ANY DEDUCTIONS, CHARGES, FEES OR WITHHOLDINGS OF ANY NATURE, PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT AND/OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.
  395.  
  396. THIS BANK GUARANTEE IS ASSIGNABLE, DIVISIBLE AND TRANSFERABLE WITHOUT ANY PRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF ANY TRANSFER FEES. THIS BANK GUARANTEE IS GOVERNED BY THE UNIFORM CUSTOMS AND PRACTICES (UCP) FOR STANDBY LETTERS OF CREDIT AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE, AND LATEST REVISION OF PUBLICATION NO. 458/500/600 AS AMENDED.
  397.  
  398. THIS IS AN OPERATIVE INSTRUMENT AND NO MAIL CONFIRMATION WILL FOLLOW.
  399.  
  400. FOR AND BEHALF
  401. FULL NAME AND ADDRESS OF THIS ISSUING BANK
  402. AUTHORIZED BANK OFFICER AUTHORIZED BANK OFFICER
  403. (NAME /TITLE) (NAME / TITLE)
  404. BANK SEAL
  405.  ADVICE THROUGH BANK
  406. APPENDIX D
  407.  (SAMPLE)
  408. Text format of performance bond
  409. MAZUT M100 GOST 10585 - 75
  410. WE HAVE BEEN INFORMED THAT OUR CUSTOMER___________________________________________ HEREINAFTER CALLED THE SELLER AND YOUR CLIENT ____________________________________________ HEREINAFTER CALLED THE BUYER HAVE ENTERED INTO A CONTRACT NO. / PURCHASE ORDER NO. ______________ ON SALES AND PURCHASE CONTRACT FOR MAZUT M100 GOST 10585 - 75 IN THE TOTAL VALUE OF USD (THE CONTRACT).
  411. WE ALSO UNDERSTAND THAT IT HAS BEEN AGREED BETWEEN YOU AND THE SELLER THAT THE LATER HAS TO PROVIDE A BANK GUARANTEE IN FAVOR OF ____________________________________________________ , AMOUNTING TO 2% OF THE TOTAL DLC VALUE I.E. USD COVER DUE FULFILLMENT OF HIS OBLIGATIONS RESULTING FROM THE ABOVE CONTRACT.
  412. IN CONSIDERATION OF THE AFORESAID, WE _______________________________________________ HEREBY IRREVOCABLY UNDERTAKE TO PAY _____________________________________________________ WITHOUT DELAY ANY SUM OR TOTALITY SUMS UP TO THE MAXIMUM OF USD____________________________________________________________________________________________ (IN WORDS :) UPON RECEIPT OF YOUR FIRST DEMAND IN WRITING WHEREIN YOU DECLARE SIMULTANEOUSLY THAT THE CONTRACTOR / SELLER FAILED TO MEET HIS CONTRACTUAL OBLIGATIONS.
  413.         OUR LIABILITY UNDER THIS GUARANTEE WILL EXPIRE UPON RECEIPT OF THE BUYER’S WRITTEN DECLARATION THAT THE CONTRACT / SELLER HAS FULFILLED ALL ITS OBLIGATIONS UNDER THE CONTRACT, BUT WHATSOEVER THE LATEST VALIDITY DATE OF THIS GUARANTEE IS NOT LATER THAN ________________________________________________________________________________
  414. THIS GUARANTEE IS ISSUED IN ENGLISH. IN CASE OF INCONSISTENCY, THE ENGLISH TEXT SHALL PREVAIL.
  415. THIS GUARANTEE IS NOT TRANSFERABLE AND IN THE BUYER’S FAVOR ONLY.
  416.  
  417.  
  418.  
  419.  
  420.  
  421. ANNEX “E”
  422. DESTINATION PORT CONFIRMATION &
  423. DELIVERY SCHEDULE
  424.  
  425. SHIPMENT NUMBER FREQUENCY MONTH QUANTITY IN MTS/SHIPMENT        C.I.F. DISCHARGING PORT AGGREGATE QTY. IN MTS
  426. PSC001  April 2011      500, 000        China Main Port 500, 000
  427. PSC002  May 2011        500, 000        China Main Port 500, 000
  428. PSC003  June 2011       500, 000        China Main Port 500, 000
  429. PSC004  July 2011       500, 000        China Main Port 500, 000
  430. PSC005  August 2011     500, 000        China Main Port 500, 000
  431. PSC006  September 2011  500, 000        China Main Port 500, 000
  432. PSC007  October 2011    500, 000        China Main Port 500, 000
  433. PSC008  November 2011   500, 000        China Main Port 500, 000
  434. PSC009  December 2011   500, 000        China Main Port 500, 000
  435. PSC010  January 2012    500, 000        China Main Port 500, 000
  436. PSC011  February 2012   500, 000        China Main Port 500, 000
  437. PSC012  March 2012      500, 000        China Main Port 500, 000
  438. TOTAL           6, 000,000 MT           6,000,000 MT
  439.  
  440. APPENDIX F
  441. INTERNATIONAL CHAMBER OF COMMERCE ( I.C.C 400 / 500 / 600 )
  442.  NON-CIRCUMVENTION, NON DISCLOSURE & WORKING AGREEMENT
  443.  
  444. WHEREAS the undersigned wish to enter into this Agreement to define certain parameters of the future legal obligations, are bound by a duty of Confidentiality with respect to their sources and contacts. This duty is in accordance with the International Chamber of Commerce.
  445.  
  446. WHEREAS the undersigned desire to enter a working business relationship to the mutual and common benefit of the parties hereto, including their affiliates, subsidiaries, stockholders, partners, co-ventures, trading partners, and other associated organizations (hereinafter referred to as “Affiliates”).
  447.  
  448. NOW THEREFORE in consideration of the mutual promises, assertions and covenants herein and other good and valuable considerations, the receipts of which is acknowledged hereby, the parties hereby agree as follows:
  449.  
  450. 1.      TERMS AND CONDITIONS
  451. A.      The parties will not in any manner solicit, nor accept any business in any manner from sources or their affiliates, which sources were made available through this agreement, without the express permission of the party who made available the source and,
  452. B.      The parties will maintain complete confidentiality regarding each other business sources and/or their Affiliates and will disclose such business sources only to the named parties pursuant to the express written permission of this party who made available the source, and,
  453. C.      That they will not in any of the transactions the parties are desirous of entering into and do, to the best of their abilities assure the other that the transaction codes established will not be affected.
  454. D.      That they will not disclose names, addresses, e-mail address, telephone and tele-fax or telex numbers to any contacts by either party to third parties and that they each recognize such contracts as the exclusive property of the respective parties and they will not enter into any direct negotiations or transactions with such contracts revealed by the other party and
  455. E.      That they further undertake not to enter into business transaction with banks, investors, sources of funds or other bodies, the names of which have been provided by one of the
  456. F.      Parties to this agreement, unless written permission has been obtained from the other party (ies) to do so.  For the sale of this agreement, it does not matter whether information obtained from a natural or a legal person.  The parties also undertake not to make use of a third party to circumvent this clause.
  457. G.      That in the event of circumvention of this Agreement by either party, directly or indirectly, the circumvented party shall be entitled to a legal monetary penalty equal to the maximum service it should realize from such a transaction plus any and all expenses, including but not limited to all legal costs and expenses incurred to recover the lost revenue.
  458. H.      All considerations, benefits, bonuses, participation fees and/or commissions received as a result of the contributions of the parties in the Agreement, relating to any and all transactions will be allocated as mutually agreed.     
  459. I.      This Agreement is valid for any and all transaction between the parties herein and shall be governed by the enforceable law in All Commonwealth Country’s, European Union Country’s, USA Courts, or under Swiss Law in Zurich, in the event of dispute, the arbitration laws of states will apply.
  460. J.      The signing parties hereby accept such selected jurisdiction as the exclusive venue.  The duration of the Agreement shall perpetuate for five (5) years from last date of signing.
  461.  
  462.  
  463.  
  464.  
  465.  
  466. 2.      AGREEMENT TO TERMS
  467.        
  468. A.      Signatures on this Agreement received by the way of Facsimile, Mail and/or E-mail shall be an executed contract.  Agreement enforceable and admissible for all purposes as may be necessary under the terms of the Agreement.
  469.  
  470. The parties hereby agree to respect the mentioned “Sales and Purchase Agreement” accepted, signed and sealed as below on date:
  471.  
  472. <<BUYER>>       <<SELLER>>
  473.  
  474.  
  475.  
  476.  
  477.  
  478.  
  479.  
  480.  
  481.  
  482. Represented By:
  483. Title: CEO     
  484.  
  485.  
  486.  
  487.  
  488.  
  489.  
  490.  
  491. Represented By:  SERGEY IVANOV V.
  492. Title:  VICE PRESEIDENT
  493.  
  494. NOTE: contracted parties hereby confirm, that signed, sealed, present sale and purchase agreement, of Russia Origin MAZUT M100 GOST 10585 - 75 signed date 23rd March 2011 exchanged by e- mail, are full force and effect, legal binding accepted enforceable as original. Parties are full responsibility, under penalty of perjury to perform sales and purchases agreement conditions.
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