COMMODITY:	:	Gas oil l 02-62
	ORIGIN	:	Russia
	QUANTITY	:	100 000 mt/month for 12 months
	DELIVERY	:	FOB Ventspils
	PRICE	:	Platt's european market scan for gas oil 0.2 under the headings "cargoes cif new / basis ara" and "barges fob rotterdam"
	DISCOUNT	:	5-7% FOR MT
	PERFORMANCE BOND	:	2%

PROCEDURE :
1. The buyer corporately confirms and verifies bank guarantee text and issues icpo with bank reference to the seller as per the present fco.
2. The seller is to issue the draft of the contract.
3. Signing of the contract in moscow or budapest.
4. Buyer's bank is to open a pre-advice letter of credit or bank guarantee for 90+10 (one hundred) calendar days.
5. Seller's bank to establish the 2. 0% pbg and proof of product for the total value of the slc or bg in operative form within 5-7 banking days after receipt of a pre-advice letter of credit or bank guarantee. The slc or bg become automatically operative at the day of the pbg receiving in buyer's bank.
6. Delivery terms to start.