RUSSIAN Oil
AN Paradigm Sdn Bhd initiated its activities in the oil business through buying and selling, first mostly doing spot sales, then after been thorough company evaluation we started the oil buying, intermediation and distribution business.
For 6 years now we had gained quite a vast experience, and trough the multiple contacts with colleague distributors and suppliers of oil products in Malaysia and Singapore, we manage to source out continuous supply from the Oil refinery in Russia and built a strong relationship with Russian mandates from Novosibirsk area. As such has achieved to fulfil operations with important companies, we offers a wide arrange of petroleum derivate that are directly from refineries in Russia.
Product Specifications:
Among the distributed oil products are:
DIESEL D2 / DIESEL D6 / EURO 4 DIESEL / AGO / ULTRA LOW SULPHUR EN 590 / JETFUEL JP54 / JETFUEL A1 91-91 / MAZUT M100-75 / MAZUT M100-99 / LNG / LPG / FUEL OIL / REBCO / CST 180 / CST 380 / BITUMEN 60-70 / BITUMEN 80-100/ NAPHTA 303-302 etc.
*The supplying refineries and suppliers related are all ISO-certified, ISO 17025. For details specs, please refer the below table.
Trading Procedure:
First Step.
If buyer is a well known company, first step can be skipped and only a request on official paper with signature of the person allowing to sign on behalf of company should be provided.
1. Buyer sends following documents to Seller :- ICPO (Irrevocable Confirmed Purchase Order) addressed to Seller.- Bank reference letter (not BCL) on bank (Reference is prepared on a bank’s letterhead). The reference shall reflect financial state (solvency status) of buyer indicating availability or sources of payment of the principal contract: at their own expense (sufficient for payment of not less than a volume of three months’ supply) or with bank’s financing.- Copies of the license, giving the buyer right to work and trade of commodities in the territory of the country in which it comes.
2. Seller issue Full Corporate Offer (FCO).
3. Buyer should sign/seal FCO and send it back. Then Buyer sends Bank Comfort Letter (BCL) confirmation by SWIFT via MT-799 to Seller’s Bank referring to issued ICPO.
4. Seller’s Bank sends SWIFT message to Buyer’s Bank of Seller being ready, willing and able to issue Proof of Product (POP) from Russian Supplier within (6) Banking days and to providePerformance Bond (PB) after receiving BCL by SWIFT from Buyer’s Bank.
5. Seller issues electronic version of the Contract for the Buyer’s agreement.
6. The Seller/Buyer issues the copy of the Contract with their Banks.
7. Seller’s Bank confirms via SWIFT the POP documents:
8. The Proof of Product (POP) consists of the following:
- Copy of License to export issued by the Russian Ministry of Energy.
- Copy of Approval to export issued by the Russian Ministry of Justice.
- Copy of Statement of Availability of the Product.
- Copy of the refinery commitment to produce the product.
- Copy of the Charter Party Agreement(s) to transport the product to discharge ports.
- Copy of the Banking Passport of the Bargain
- Copy of the Contact with AK “Transneft” to transport the product to the port.
9. The Buyer’s Bank issues non-operative financial instrument to the Seller’s Bank.
10. Seller’s Bank issues the 1,5-2% Performance Bond (subject to financial instrument of the Buyer) which shall automatically operate the financial instrument.
11. The first delivery is performed according to the agreed delivery schedule. Both, the Seller and the Buyer agreed upon the delivery schedule for subsequent month shipments.
12. Within 35 days the Seller makes the first delivery under the present Contract terms and conditions.
*Be aware of those who ask you to pay something upfront “to get a good discount”.