SALES/PURCHASE CONTRACT OF GASOIL
SELLER’S REF:7614 (P-G16)
BUYER’S REF:
DATE: FEB 16, 2011
THIS CONTRACT IS MADE BY AND BETWEEN THE BUYER AND THE SELLER. THE BUYER AGREES TO BUY AND THE SELLER AGREES TO SELL THE UNDER MENTIONED COMMODITY ACCORDING TO THE TERMS AND CONDITIONS AS STIPULATED BELOW:
1) THE SELLER
CHINA (HONG KONG) CORPORATION LTD.
ADDRESS:.
TEL: +86 10 侯翔
FAX: +86 10
手机声音小2) THE BUYER
PTE LTD.
ADDRESS:
TEL: +
FAX: +
TELEX:
3) COMMODITY
50PPM MAX SULFUR CONTENT GASOIL
4) QUANTITY
250,000 BBLS MAX, WITH MINUS FIVE PERCENT AT BUYER'S OPTION
5) DELIVERY
DELIVERY SHALL BE FOB AT ONE SAFE PORT OF JAPAN NOMINATED BY SELLER DURING MARCH 5-15, 2006. IT’S POSSIBLE FOR SELLER TO APPOINT NEGISHI AS THE LOADPORT.
6) NOMINATION PROCEDURE
BUYER SHALL NOMINATE FIVE (5) DAY DATE RANGE WITHIN THE ELEVEN (11) DAY DATE RANGE AT LATEST TEN (10) DAYS PRIOR TO THE FIRST DAY OF THE FIVE (5) DAY LIFTING RANGE SUBJECT TO SELLER'S ACCEPTANCE， SUCH ACCEPTANCE SHALL NOT BE UNREASONABLY WITHHOLD. AFTER RECEIPT OF THE FIVE-DAY NOMINATION, SELLER SHALL ADVISE BUYER OF A LOADING PORT ON THE NEXT JAPANESE WORKING DAY. BUYER SHALL NARROW SUCH FIVE (5) DAY DATE RANGE DOWN TO THREE (3) DAY DATE RANGE WITHIN THE FIVE (5) DA
Y DATE RANGE AT LATEST SEVEN (7) DAYS PRIOR TO THE FIRST DAY OF THE THREE (3) DAY DATE RANGE.
7) VESSEL
PERFORMING VESSEL FOR LOADING PRODUCTS SHALL BE SUBJECT TO TERMINAL’S ACCEPTANCE. BUT TERMINAL SHALL NOT REJECT ANY SUCH NOMINATION UNREASONABLY.
BUYER SHALL NOMINATE VESSEL NO LATER THAN THE TIMING OF DECLARATION OF FIVE DAYS DATE RANGE.
8) PRICE
THE FOB ONE SAFE PORT OF JAPAN PRICE IN US DOLLARS PER BARREL SHALL BE THE AVERAGE OF ALL MEAN QUOTATIONS FOR GASOIL REG 0.5% AS PUBLISHED BY PLATT'S ASIA PACIFIC MARKETSCAN UNDER THE HEADING 'SINGAPORE' OF MARCH (FROM 01ST UP TO 31ST INCLUSIVE) 2006, PLUS A FIXE
D PREMIUM OF US DOLLARS $4.00 (FOUR DOLLARS ONLY) PER BARREL.
THE UNIT PRICE SHALL BE CALCULATED / ROUNDED TO 3 DECIMAL PLACES WITH THE THIRD DECIMAL PLACE TO BE INCREASED TO THE NEXT DIGIT WHENEVER THE FOURTH DECIMAL PLACE IS FIVE OR GREATER THAN FIVE.
INVOICE QUANTITY SHALL BE BASED ON BILL OF LADING QUANTITY.
9) QUALITY
GASOIL 0.005%
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| ITEMS | UNIT | LIMIT | TEST METHOD |
MIN | MAX |
1. | APPEARANCE | | | CLEAN &BRIGHT | | |
2. | COLOUR | NUMBER | | 1.5 | ASTM | D1500 |
3. | OXIDATION STABILITY, | MG/100ML | | 2.5 | ASTM | D2274 |
4. | SULFUR | %WT | | 0.005 | 北京市供暖时间ASTM | D4294 |
5. | 流量管理WATER | %WT | | 0.025 | ASTM | D95 |
6. | SEDIMENT | | | NIL | ASTM | D473 |
7. | ACIDITY | MG KOH/100ML | | 7 | ASTM | D974 |
8. | CONRADSON CARBON RESIDUE, ON 10% RESIDUE | %WT | | 0.05 | ASTM | D4530 |
9. | ASH | %WT | | 0.01 | ASTM | D482 |
10. | COPPER CORROSION, 3HRS AT 100C | GRADE | | 1 | ASTM | D130 |
11. | KINEMATIC VISCOSITY AT 20C | MM2/S | 3.0 | 8.0 | ASTM | D445 |
12. | KINEMATIC VISCOSITY AT 40C | MM2/S | | 社会主义发展 REPORT | ASTM | D445 |
13. | POUR POINT | C | | 0 | ASTM | D97 |
14. | COLD FILTER PLUGGING POINT | C | | 4 | ASTM | IP 309 |
15. | CLOUD POINT | C | | REPORT | ASTM | D2500 |
16. | FLASH POINT (CLOSE CUP) | C | 66 | | ASTM | D93 |
17. | CETANE INDEX | | 51 | | ASTM | D976 |
18. | DISTILLATION RANGE | 白酒保质期 | | | ASTM | D86 |
| RECOVERY AT 250C | % | | REPORT | | |
| 50% RECOVERY TEMPERATURE 运动注意事项 | C | | 300 | | |
| 90% RECOVERY TEMPERATURE | C | | 355 | | |
| 95% RECOVERY TEMPERATURE | C | | 良渚文化玉器365 | | |
19. | DENSITY AT 15C | KG/L | 0.818 | 0.860 | ASTM | D1298 |
20. | MERCAPTEN SULFUR | %WT | | 0.01 | ASTM | D3227 |
21. | ELECTRIC CONDUCTIVITY | PS/M | REPORT | | ASTM | D2624 |
22. | LUBRICITY | MICRONS | | REPORT* | ASTM | D6079 |
23. | POLYCYCLIC AROMATIC HYDROCARBONS | M/M % | | REPORT* | | IP 391 |
| | | | | | |
*: REPORT WILL BE PROVIDED WITHIN 5 DAYS AFTER B/L DATE
10) INSPECTION
SELLER AND BUYER APPOINT A MUTUALLY AGREED/ACCEPTABLE INDEPENDENT INSPECTOR TO DETERMINE QUANTITY AND QUALITY AT LOADPORT ON THE BASIS OF LOADPORT SHORETANK (S) RESULTS.
THE FINDINGS OF THE INDEPENDENT INSPECTOR AT LOADPORT SHALL BE FINAL AND BINDING ON BOTH BUYER AND SELLER EXCEPT FOR FRAUD, OMISSION AND MANIFEST ERROR. COSTS OF THE INDEPENDENT INSPECTOR SHALL BE SHARED EQUALLY BETWEEN BUYER AND SELLER.
11) PAYMENT
BASED ON B/L QUANTITY IN BARRELS, PAYMENT SHALL BE MADE IN US DOLLAR
S WITHOUT OFFSET, DEDUCTION OR COUNTERCLAIM BY TELEGRPAHIC TRANSFER (T/T). THE PAYMENT SHALL BE MADE THIRTY (30) CALENDAR DAYS FROM THE B/L DATE (B/L DATE TO COUNT AS DAY ONE) AGAINST THE SELLER’S PRESENTATION OF COMMERCIAL INVOICE AND ORIGINAL SHIPPING DOCUMENTS INCLUDING 3/3 ORIGINAL B/L, CERTIFICATE OF QUANTITY/QUALITY ISSUED BY THE INDEPENDENT SURVEYOR, CERTIFICATE OF ORIGIN.
IN THE CASE ORIGINAL SHIPPING DOCUMENTS ARE NOT AVAILABLE FOR PRESENTATION TO THE BUYER ON THE PAYMENT DUE DATE, THE BUYER AGREES TO PAY THE SELLER UPON PRESENTATION OF COMMERCIAL INVOICE AND LETTER OF INDEMNITY IN THE FORMAT ACCEPTABLE TO BOTH SELLER AND BUYER (TO BE SIGNED BY THE SELLER’S AUTHORIZED REPRESENTATIVE).
THE BUYER’S BANK CHARGES SHALL BE FOR THE BUYER’S ACCOUNT; THE SELLER’S BANK CHARGES SHALL BE FOR THE SELLER’S ACCOUNT.
IN THE EVENT THAT PAYMENT FALLS DUE ON A SATURDAY OR ANY OTHER BANK
HOLIDAY OTHER THAN MONDAY IN NEW YORK, PAYMENT SHALL BE MADE ON LAST PRECEDING BANKING DAY IN NEW YORK.
IN THE EVENT THAT PAYMENT FALLS DUE ON A SUNDAY OR MONDAY BANK HOLIDAY IN NEW YORK, PAYMENT SHALL BE MADE ON THE FIRST FOLLOWING BANKING DAY IN NEW YORK.
12) LAYTIME
LAYTIME SHALL BE 36 HOURS SHINC FOR EACH SHIPMENT, STARTING 6 HOURS AFTER NOR TENDERED OR WHEN VESSEL IS ALL FAST ALONGSIDE BERTH WHICHEVER IS EARLIER AS PER ASBATANKVOY CHARTER PARTY. LAYTIME SHALL CEASE ON DISCONNECTION OF HOSES ON COMPLETION OF LOADING CARGO.TIME CONSUMED WAITING PRATIQUE SHALL NOT COUNT AS LAYTIME.
