ТОВ-ВОСТОК АГРО ЗАПЧАСТИ (TOV VOSTOK ) Улиса Олески Тухоно, Быдынок 10, Краматорск, Украина , Ukraine +38 (099)

527 96 74
1

We, hereby confirming with full corporate responsibility under the penalty of perjury, that the ‘’seller’’ is ready, willing and Able to sell
the offer Refined Sunflower Oil. According to the terms and conditions stated below: -

To;

VULCANSTECH PVT.LTD
GOBINDA PRASAD,
BOMIKHAL (NEAR EKAMRA CINEMA HALL) BHUBANESWAR, ODISHA
09937993319 / 9937811101,
WWW.VULCANSTECH.IN,
INFO@VULCANSTECH.IN,

COMMODITY: Sunflower Oil ( Crude & Refined Sunflower )

PACKAGING: Liter (5 ) Jerry Can ( $1088/ MT Refined ) CIF Djibouti
PAYMENT TERMS: 100% Irrevocable Transferable Letter of Credit (MT700) / SBLC at Sight (MT760) (non PB is released)
INSPECTION: S.G.S Inspection for Quality and Quantity Service at Seller’s Cost at Loading Port.
Quotation validity time: up to ten (10) days from the date sent.
Quotation validity time: up to Three (3) days from the date sent.
Port of Loading : Odessa, Ukraine
SPECIFICATION
CRUDE SUNFLOWER OIL

PARAMETERS VALUE TEST METHOD

І. ORGANOLEPTIC PARAMATERS
1. Appearance pure
2. Colour golden
3. Taste and odour specific
II. CHEMICAL PARAMATERS
1. Colour index (Lovibond) – 5 ¼” max 3.5 R/50 Y BDS EN ISO 15305
2. Moisture and volatile matters max 0.2 % BDS EN ISO 662
3. Acidity as oleic acid max 2.0 % BDS EN ISO 660
4. Insoluble matters in ether max 0.15 % BDS EN ISO 663
5. Iodine value 110 - 143 BDS EN ISO 3961
6. Unsaponificable matters max 0.7 % BDS EN ISO 3596
7. Flash point >121°C BDS EN ISO 15267
8. Fatty acid content
Palmitic acid – C16:0 5.5 - 8.5
Stearic acid – C18:0 % of the total fatty acid 3-5.5
Oleic acid – C18:1 content 20 - 40
Linoleic acid – C18:2 40 - 70
Linolenic acid – C18:3 0.5 - 1.5

pg. 1
 ТОВ-ВОСТОК АГРО ЗАПЧАСТИ (TOV VOSTOK ) Улиса Олески Тухоно, Быдынок 10, Краматорск, Украина , Ukraine +38 (099) 527 96 74
2

SPECIFICATION
REFINED SUNFLOWER OIL

PARAMETERS VALUE TEST METHOD

І. ORGANOLEPTIC PARAMATERS
1. Appearance clear without sediments
2. Colour light yellow
3. Taste and odour blanc
II. CHEMICAL PARAMATERS
1. Colour index (Lovibond) – 5 ¼” max 1.0 R/9.0 Y BDS EN ISO 15305
2. Moisture and volatile matters max 0.03 % BDS EN ISO 662
3. Relative index at 20°C 0.9165 - 0.9235 BDS EN ISO 6883
4. Acidity as oleic acid max 0.10 % BDS EN ISO 660
5. Phosphorous content max 5 ppm Р BDS EN ISO 10540 - 1
6. Peroxide value max 4 meqO2/kg BDS EN ISO 3960
7. Iodine value 110 - 143 BDS EN ISO 3961
8. Saponification value 188 - 195 BDS EN ISO 3657
9. Refractive index 1.4735 - 1.4755 BDS EN ISO 6320
10. Unsaponificable matters max 0.7 % BDS EN ISO 3596
11. Waxes content max 4 ppm Cold test AOCS CC 11 - 53
12. Mineral oil content Not allowed BDS EN ISO 5508
13. Fatty acid content
Palmitic acid – C16:0 5.5 - 8.5
Stearic acid – C18:0 % of the total fatty acid 3-5.5
Oleic acid – C18:1 content 20-40
Linoleic acid – C18:2 40-70
Linolenic acid – C18:3 0.5 - 1.5

Cargo Size
According to Contract’s condition. The Seller shall have to arrange vessel or vessels to the loading port as per lay-can time.
Delivery Date: The date mutually accepted by both Seller and Buyer as the date on which the nominated international surveyor company
has ascertained the quantity and quality of the product.

WARRANTIES
warrants that the commodity will be legally lifted, and will without any restriction and that all government cost will be paid in the country of
origin.

APPLICABLE LAW AND JURISDICTION

Any action or legal proceeding related to this Agreement should be adjudicated under the international laws of commonwealth countries
only and conducted in the English Language. Should either party not perform exactly within the terms and conditions of this Agreement,
the other party will give notice regarding the non-performance, whereupon the non performing party must comply with their obligations
within (10) Working Days or this Agreement shall be cancelled without further notice. Any dispute arising between the parties through
divergent interpretation of the language of and context of this Agreement, or related to any subsequent agreement concluded as a result of
this Agreement, shall be settled through arbitration between parties. The cost of the arbitration tribunal shall be under the rule of

pg. 2
 ТОВ-ВОСТОК АГРО ЗАПЧАСТИ (TOV VOSTOK ) Улиса Олески Тухоно, Быдынок 10, Краматорск, Украина , Ukraine +38 (099) 527 96 74
3

conciliation and arbitration of the Commerce Court of Arbitration. The English language shall be the language the contract and
proceedings.

FASCIMILE COPIES
This Agreement shall be accepted to be legal and binding by both parties if executed and sent by fax and/or email direct to the parties
concerned.

FORCE MAJEURE
The parties hereto shall not be held liable for any failure to perform under the “Force Majeure” clause, as regulated by the International
Chamber of Commerce.

ETHICS: (NON- CIRCUMVENTION & NON DISCLOURE)

Both Buyer and Seller acknowledge that the harm of the other party would be substantial, and therefore the Seller and Buyer agree to
abide by the customary international rules of the no circumvention and non-disclosure, as established by the International Chamber of
Commerce, for a period of five (5) years from date hereof. Said non- circumvention and non-disclosure shall include, but not be limited to
communicating with each other’s banks, refineries, and representative of Buyer dealing with customers, brokers or Sellers’s mandate. The
understanding and accord of this subparagraph will survive the termination of this Agreement. This Agreement is binding upon the parties
hereto, their assigns and successors, and is signed with full authority to act and bind the company each party legally represents.
The terms of this Agreement shall be confirmed and signed by the Buyer and the Seller, via facsimile or email transmission shall be binding
on the parties. Execution of the Agreement by the parties initiates and concludes the legal liabilities between the Buyer and the Seller of this
contract. By signing below both parties abide by their corporate and responsibility, and execute this contract under full penalty of perjury.
This Sale and Purchase Agreement (the “Agreement”) is made effective as of the date last signed below the following Parties:

PROCEDURES :

1)Buyers Sends LOI to seller

2)Seller sends FCO to buyer
3)Buyer returns confirmation of FCO
4)Seller issues Draft Contract and Proforma Invoice
5)Buyer amends or signs, seals and returns the Contract and PI by email .
6)Seller signs and seals the Contract and return to the Buyer by email
7)Seller further request bank for LC draft and forwards draft to seller for verbage
8)Buyer reviews draft LC and if terms are satisfied , issues confirmation for final LC Intruments .
9 Finally Buyer Sends LC / SBLC instrument to seller
7) Shipment Starts as per the contract, IN CASE of CIF DEALS.

GENERAL INFORMATIONS:

• We do not work on Buyer’s Procedure

• Contracts are issued after receipt from the Buyer`s countersigned FCO.
• No past performance documentation will be provided whether unsanitized or sanitized, as these documents are related to our
clients and any such documentation produced to prospective buyers are deemed unethical , unprofessional and invasion of client
privacy under NCNDA agreements with our clients .
• No trial shipments are permitted or allowed, unless a spot sale and a contract has been agreed at the appropriate unit metric ton
price.
If you don’t agree to above Company Policy, we are very sorry, but we can’t be your supplier and/or work with you.

SIGNATURE: ________ Buyer or Buyer’s Mandate:

DATE: _05/10/2021 SIGNATURE: __________________
SIGNED AS___________ DATE: ________________________
SIGNED AS

pg. 3