RAF Investments S.r.l.s.

WORLD TRADING EXPORT AND IMPORT COMMODITIES

P.Iva: 03780930784
C.E.O. Mr. Antonio Caputo - Italy
Regional executive Manager: Mr. Paul Blank - Russia

CIF PROCEDURE 2022

GENERAL TERMS & CONDITIONS FOR SALE

RAF Investments is now directly connected to a (Wholesaler) who is the titleholder and supplies Refined & Crude
Petroleum Products on a CIF basis.

The supplier is a United States domiciled company and in good standing with the government for over 16 years.

The pricing offered is competitive and buyers can avail discounts of up to 20% against regional Platts Assessment for
large volumes.

If you have any questions, please feel free to contact us.

THE PRODUCT OFFERED ARE AS FOLLOW :

COMMODITY:

LIGHT DISTILLATES
● Liquefied Petroleum Gas MOQ 50,000 Metric Tons
● Gasoline 87 Octane - 97 Octane MOQ 425,000 Barrels (50,000 Metric Tons)
● Naphtha MOQ 50,000 Metric Tons
MIDDLE DISTILLATES
● Diesel 10PPM – 2500PPM MOQ 50,000 Metric Tons
● Aviation Kerosene Jet A-1 & TS-1 MOQ 2,000,000 Barrels (256,000 Metric Tons)
● Light Cycle Oil MOQ 50,000 Metric Tons

CRUDE
● Eastern Siberia Pacific Oil MOQ 1,000,000 Barrels

NATURAL GAS
● Liquefied Natural Gas MOQ 2,678,500 MMBtu (50,000 Metric Tons)

RESIDUUM
● Bitumen (30/40 – 100/120) MOQ 50,000 Metric Tons

FERTILIZER
● Urea 46 MOQ 25,000 Metric Tons

The product shall originate primarily from the Russian Federation unless stated otherwise by “The Seller” ensuring the
contractual guaranteed specifications as produced by "The Buyer" or presented by “The Seller”.

PRICING
The pricing of the product(s) sold and purchased is set and offered at a Minimum Discounted Rate of 10% (Ten Percent) on Platts
Regional Assessment Per Designated Unit and a Maximum Discounted Rate of 20% (Twenty Percent) on Platts Regional
Assessment Per Designated Unit.
The Final Price is contingent to the Volume, Destination Port and the Formal Corporate Offer issued by “The Seller”.

RAF Investments S.r.l.s.

htpp://www.rafinvestments.eu - e-mail: info@rafinvestments.eu - certified e-mail: rafcap@pec.it
Telephone and WhatsApp: +39.3515671850 (ITALY) - (RUSSIA) +7.9671887772
Administrative headquarters: 24, Via Trento - 87100 Cosenza (CS) Italy Telephone: 0984 27401, Mobile: +39 335 661 4275
Registered office: Via dell’Unità, 10 87040 Castrolibero (CS) Italy Telephone: +39.0984.1813402, Mobile +39.3515671850

1
 RAF Investments S.r.l.s.
WORLD TRADING EXPORT AND IMPORT COMMODITIES
P.Iva: 03780930784
C.E.O. Mr. Antonio Caputo - Italy
Regional executive Manager: Mr. Paul Blank - Russia
TRANSACTION PROCEDURE(S)
00 REQUEST
“The Buyer” issues a Letter of Interest or the Request for Product Application.
▪ The Letter of Interest or the Request for Product Application shall consist of Product Name, Volume,
Discharge/Retrieval Port, Specification(s), Collateral Instrument issuing Bank Name, Company Information etc.
Please download the template for the REQUEST at this link: REQUEST LOI

01 INTRODUCTION
Subsequent to the receipt of the Letter of Interest or the Request for Product Application, “The Seller” shall: ▪ Verify
and confirm the business entity is in good standing.
▪ Contact the Letter of Interest signatory for an introductory call.

02 CAPABILITY ASSESSMENT
The Seller assesses the capability of the Buyer by requesting:
OPTION A: An Authorization to Verify (“The Buyer’s” Capability) Letter. “The Seller’s” Banker validates “The Buyer’s”
capacity to issue the Collateral Instrument and obtain confirmation on remuneration of Full Product Value via MT103
subsequent to the delivery (ATV Template provided by “The Seller”)

OPTION B: Proof of Funds such as, Bank Statement OR Banker Signed Tear Sheet OR Bank Capacity Letter (BCL) OR
Banker to Client Email OR Bank to Seller office Email OR a Banker Signed Ready Willing and Able (RWA) letter to
issue an SBLC on behalf of “The Buyer”.
“The Buyer” may send their Proof of Fund documents to either:
▪ “The Seller’s” physical office address
▪ “The Seller’s” US attorney (Dossey & Jones, PLLC)
▪ “The Seller’s” Bankers

03 CORPORATE OFFER
“The Seller” issues a Formal Corporate Offer
▪ The Formal Corporate Offer exhibits information such as Specific Prices (Generally 10% to 15% below Platts),
Volume, Banking Coordinates, Load/Discharge Ports, Delivery Timeline, Product Specifications, Etc.
▪ A Fee Protection Agreement is established (For Brokers) and is lodged with an attorney.

04 SALES AGREEMENT
“The Seller” issues the Sales & Purchase Agreement
▪ The Sales & Purchase Agreement exhibits information such as Price, Index Discount, Volume, Load/Discharge
Ports, Delivery Timeline, Product Specifications, Banking Coordinates and other tacit data
▪ The delivery timeline is contingent to the Volume, Load/Discharge Ports and Vessel Availability.

05 FORMALIZATION/BANKING
“The Buyer” formalizes the Sales & Purchase Agreement
▪ Subsequent to the formalization of the Sales & Purchase Agreement, the Product is refinery committed ▪ The Sales &
Purchase Agreement is registered with the Refinery’s Corporate Office and “The Seller’s” banker ▪ “The Buyer’s”
Banker transmits the Collateral Instrument
▪ “The Seller’s” Banker issues a 2% Performance Bond.

06 LOADING/DOCUMENTATION
Subsequent to the validation of the Collateral Instrument, “The Seller” loads the vessel (Remunerated by “The Seller”)
and issues the Product & Delivery Documentation
▪ Product & Delivery Documentations are submitted digitally when created and via courier
▪ “The Buyer” may track and/or communicate with the vessel at their convenience
The Product & Delivery Documentation shall consist of:

1. Charter Party Agreement 6. Statement of Product Availability

2. Vessel Questionnaire Q88 7. Bill of Lading
3. Vessel/Product Insurance Policy (Lloyds) 8. Ullage Report
4. Commitment to Supply 9. Certificate of Quality
5. Authorization to Re-Sell Product 10. Notice of Readiness

RAF Investments S.r.l.s.

htpp://www.rafinvestments.eu - e-mail: info@rafinvestments.eu - certified e-mail: rafcap@pec.it
Telephone and WhatsApp: +39.3515671850 (ITALY) - (RUSSIA) +7.9671887772
Administrative headquarters: 24, Via Trento - 87100 Cosenza (CS) Italy Telephone: 0984 27401, Mobile: +39 335 661 4275
Registered office: Via dell’Unità, 10 87040 Castrolibero (CS) Italy Telephone: +39.0984.1813402, Mobile +39.3515671850

2
 RAF Investments S.r.l.s.
WORLD TRADING EXPORT AND IMPORT COMMODITIES
P.Iva: 03780930784
C.E.O. Mr. Antonio Caputo - Italy
Regional executive Manager: Mr. Paul Blank - Russia
07 DELIVERY/DISCHARGE
Per standard shipping protocols, “The Shipper” contacts “The Buyer’ and “Target Harbormaster” within a 48-hour arrival
date/time.
“The Seller” issues the Authorization to Board (ATB) and the Dip Test Authorization (DTA)
▪ Customs will accompany “The Buyer” per local rules
▪ Shore tanks are injected per harbormaster’s directives
“The Buyer” remunerates (via MT103) for the Full Product Value subsequent to the Shore Tank Injection “The Seller”
transfers the Certificate of Ownership (Title) subsequent to the payment

Seller Classification
The Seller is a Secondary Market Participant (Wholesaler).
The Seller holds the ownership of the product and is the Titleholder.

Quantity
The total quantity of the product(s) sold and purchased is the specified quantity that is equivalent to 1 month’s supply
recurring up to 12 consecutive calendar months. (With rolls and extension for 12 months upon mutual agreement
between both parties)

Each shipment may have a positive or negative weight tolerance to a maximum of five percent (± 5%) at “The Seller’s”
option. The Inspecting Authority determines and verifies the total delivered and shipped quantity within the agreement.

Contract Terms
The term of the contract will be of 12 consecutive calendar months with rolls and extension for 12 months upon mutual
agreement between both parties.

Delivery Terms
A. Cost, Insurance & Freight (CIF)
B. Ship-to-Ship Transfer (STS)

Payment Terms and Conditions

Standby Letter of Credit as a Payment Guarantee. Payment remunerated subsequent to the Delivery, with Quality
Report at Discharge Port.

Performance Bond
Issuance of a 2% Performance Bond against the shipment value by “The Seller” subsequent to the receipt, verification
and authentication of the financial instrument.

Inspection
To assess the quality and quantity, The Seller will appoint and remunerate an internationally recognized first class
Independent Surveyor Company Société General de Surveillance (SGS) or Similar at the Port of Loading.

To assess the quality and quantity, The Buyer will appoint and remunerate an internationally recognized first class
Independent Surveyor Company Société General de Surveillance (SGS) or Similar at the Port of Discharge.

Governing Law
The contract established between “The Buyer” and “The Seller” is governed and interpreted in accordance with the
rules of the International Chamber of Commerce and the United Nations Convention on Trade and Commerce. In
addition, subject to the interpretation of Incoterms 2020 Edition for shipping is applied as well.

Arbitration
The parties hereby agree to settle all disputes amicably. If settlement is not reached, the dispute in question shall be
submitted to arbitration. The place of arbitration shall be as stated by “The Seller” at The Court of Arbitration Under
I.C.C. Rules and Regulations and The United Nations Convention on International Trade and Commerce.

RAF Investments S.r.l.s.

htpp://www.rafinvestments.eu - e-mail: info@rafinvestments.eu - certified e-mail: rafcap@pec.it
Telephone and WhatsApp: +39.3515671850 (ITALY) - (RUSSIA) +7.9671887772
Administrative headquarters: 24, Via Trento - 87100 Cosenza (CS) Italy Telephone: 0984 27401, Mobile: +39 335 661 4275
Registered office: Via dell’Unità, 10 87040 Castrolibero (CS) Italy Telephone: +39.0984.1813402, Mobile +39.3515671850

3
 RAF Investments S.r.l.s.
WORLD TRADING EXPORT AND IMPORT COMMODITIES
P.Iva: 03780930784
C.E.O. Mr. Antonio Caputo - Italy
Regional executive Manager: Mr. Paul Blank - Russia
Non-Disclosure & Non-Circumvention

All parties herein agree that Non-Circumvention and Non-Disclosure rules of all issues from

International Chamber Of Commerce apply to the transaction for a period of five (5) years from

date of execution. The agreement by undersigned, his or her assigns, agents, heirs, the

“NCNDA” also applies to any and all other transactions directly or indirectly between the parties,

“The Buyer” and “The Seller” respect the highly confidential nature of the contract and agree to

maintain in strictest confidence - the names of the parties whose identities may become known

to one another through either the tendering of documents or assembly of banking or government

approvals. The parties agree to maintain strict confidentiality concerning the identities of the

parties directly or indirectly involved in the transaction. All data remains the property of the party

who has brought the respective data into the transaction. Any of the parties breaching this rule

will be liable for any damages resulting from such action to be committed deliberately or by

negligence. In case of breach of the respective rules emitted, the laws of the International

Chamber Of Commerce, PARIS (ICC/PARIS) will be applied. The interfering party will be

charged with the loss of profits in this or any future transaction, by the injured party, who will be

entitled to file legal proceedings against the interfering party at the International Chamber Of

Commerce Paris, France (ICC/Paris) in New York City, New York, USA to recover their losses.

Disclaimer

“The Seller” does not engage in negotiations nor does “The Seller” issue Prices, Offers or any

documentation pertaining to a Product or a Transaction to Third Parties/Brokers. After the

facilitators initial introduction all communication(s) and exchange of documentation is carried

strictly between “The Buyer” and “The Seller” only.

RAF Investments S.r.l.s.

htpp://www.rafinvestments.eu - e-mail: info@rafinvestments.eu - certified e-mail: rafcap@pec.it
Telephone and WhatsApp: +39.3515671850 (ITALY) - (RUSSIA) +7.9671887772
Administrative headquarters: 24, Via Trento - 87100 Cosenza (CS) Italy Telephone: 0984 27401, Mobile: +39 335 661 4275
Registered office: Via dell’Unità, 10 87040 Castrolibero (CS) Italy Telephone: +39.0984.1813402, Mobile +39.3515671850

4
 RAF Investments S.r.l.s.
WORLD TRADING EXPORT AND IMPORT COMMODITIES
P.Iva: 03780930784
C.E.O. Mr. Antonio Caputo - Italy
Regional executive Manager: Mr. Paul Blank - Russia
LIST OF APPROVED BANKERS

UK South Korea
Europe Barclays PLC Hana Financial Group
Austria
HSBC Holdings Industrial Bank of Korea
Erste Group Bank AG
Lloyds Banking Group KB Financial Group
Belgium
Nationwide Building Society Korea Development Bank
Belfius
Royal Bank of Scotland Group NongHyup Financial Group
Dexia
Standard Chartered PLC Shinhan Financial Group
KBC Group NV
Woori Bank
Denmark Asia Taiwan
Danske Bank China
Cathay Financial Holding
Nykredit Group Agricultural Bank of China
Fubon Financial Holding
France ultural Development Bank Bank of
BNP Paribas Beijing North America
Credit Agricole Group Bank of China Canada
Crédit Mutuel Bank of Communications Bank of Montreal
Groupe BPCE Bank of Jiangsu Bank of Nova Scotia
La Banque Postale Bank of Shanghai Imperial Bank of Commerce
Societe Generale China CITIC Bank Corp National Bank of Canada
Germany China Construction Bank Corp China Royal Bank of Canada
Bayerische Landesbank Development Bank Toronto-Dominion Bank
Commerzbank China Everbright Bank USA
Deutsche Bank China Guangfa Bank (CGB) Bank of America
DZ Bank AG China Merchants Bank Bank of New York Mellon Corp BB&T
KfW Group China Minsheng Banking Corp China Corporation
Landesbank Baden-Wurttemberg ZheShang Bank (CZBank) Hua Xia Capital One Financial
Italy Bank Charles Schwab Corp
Cassa Depositi e Prestiti (CDP) Industrial & Commercial Citigroup Inc
Intesa Sanpaolo Industrial Bank Co. Ltd Goldman Sachs Group
UniCredit S.p.A. Ping An Bank JPMorgan Chase & Co
Luxembourg Postal Savings Bank of China Morgan Stanley
European Investment Bank Shanghai Pudong Development The PNC Financial Services Group State
Netherlands Export-Import Bank of China Street Corp
ABN AMRO Group NV India Suntrust Banks
ING Groep NV State Bank of India U.S. Bancorp
Rabobank Group Japan Wells Fargo
Norway Japan Post Bank
DnB ASA Mitsubishi UFJ Financial Group
South America
Brazil
Spain Mizuho Financial Group
Banco Bradesco SA
Banco Sabadell Nomura Holdings
Banco do Brasil SA
Banco Santander Norinchukin Bank
Brazilian Development Bank Caixa
Bankia Resona Holdings
Economica Federal
BBVA Shinkin Central Bank (SCB)
Itau Unibanco Holding SA
CaixaBank Sumitomo Mitsui Financial Group
Sweden Sumitomo Mitsui Trust Holdings Oceania
Nordea Russia Australia
Skandinaviska Enskilda Banken Sberbank of Russia AustralIA & New Zealand Group
Svenska Handelsbanken VTB Bank Commonwealth Bank of Australia
Swedbank Singapore National Australia Bank
Switzerland DBS Group Holdings Westpac Banking Corp
Credit Suisse Group Oversea-Chinese Banking Corp
Raiffeisen Schweiz United Overseas Bank (UOB)
UBS Group AG

RAF Investments S.r.l.s.

htpp://www.rafinvestments.eu - e-mail: info@rafinvestments.eu - certified e-mail: rafcap@pec.it
Telephone and WhatsApp: +39.3515671850 (ITALY) - (RUSSIA) +7.9671887772
Administrative headquarters: 24, Via Trento - 87100 Cosenza (CS) Italy Telephone: 0984 27401, Mobile: +39 335 661 4275
Registered office: Via dell’Unità, 10 87040 Castrolibero (CS) Italy Telephone: +39.0984.1813402, Mobile +39.3515671850

5
 RAF Investments S.r.l.s.
WORLD TRADING EXPORT AND IMPORT COMMODITIES
P.Iva: 03780930784
C.E.O. Mr. Antonio Caputo - Italy
Regional executive Manager: Mr. Paul Blank - Russia
NOTE TO INTERMEDIARIES/BROKERS
General Information
1. Please ensure “The Buyer” has reviewed the Transaction Procedure(s) exhibited in the Product Listing.
2. Please ensure the RFP is complete (Pre-filled content must remain as is).
3. Please ensure “The Buyer” can issue an SBLC as a form of collateral/payment guarantee once the SPA is established. 4.
The Seller will assess the capability of the Buyer by requesting: (Prior to the issuance of the FCO)

OPTION A: (Recommended)
An Authorization to Verify (“The Buyer’s” Capability) Letter. “The Seller’s” Banker validates “The Buyer’s” capacity to issue the
Collateral Instrument and obtain confirmation on remuneration of Full Product Value via MT103 subsequent to the delivery (ATV
Template provided by the Seller)

OPTION B:
Proof of Funds such as, Bank Statement OR Banker Signed Tear Sheet OR Bank Capacity Letter (BCL) OR Banker to Client Email
OR Bank to Seller office Email OR a Banker Signed Ready Willing and Able (RWA) letter to issue an SBLC on behalf of the buyer.
“The Buyer” can send their POF documents to either:
▪ “The Seller’s” physical office address

▪ “The Seller’s” US attorney (Dossey & Jones, PLLC)

▪ “The Seller’s” Bankers

UCR/Commission(s)
“The Seller” pays all brokers. The standard rate of commission is USD 1 Per Metric Ton or barrel equivalent (USD 0.127 Per Barrel
Approximately). (I shall reserve/close the allotted UCR/Commission of USD 1 Per Metric Ton or barrel equivalent (USD 0.127 Per
Barrel Approximately as a facilitation/referral fee).
“The Buyer’s” Mandates/Intermediaries/Representatives may establish a Fee Protection Agreement between themselves and the
“The Buyer” (Usually USD 5 Per Metric Ton OR USD 1 Per Barrel), and submit the FPA to us. “The Seller” will include the added
commissions into the Final Price (FCO) of the Product. All parties are paid via a US based attorney when closure occurs.
Buyer’s Mandates/Intermediaries/Representatives must pre-arrange the desired commissions beforehand (During the submission of
the RFP) with us.

“The Seller” does not engage in negotiations nor does “The Seller” issue Prices, Offers or any documentation pertaining to
a Product or a Transaction to Third Parties/Brokers. All communication(s) (Calls & Emails) and exchange of documentation
is carried strictly between “The Buyer” and “The Seller” only.

Once the above has been confirmed, and upon receiving the RFP, “The Seller” shall:
A. Verify and confirm the business entity is in good standing
B. Contact the Signatory Buyer for an introductory Call/Email

APPLY HERE: DOWNLOAD LOI TEMPLATE and send it to info@rafinvestments.eu

Best regards
CEO Mr. ANTONIO CAPUTO

RAF Investments S.r.l.s.

htpp://www.rafinvestments.eu - e-mail: info@rafinvestments.eu - certified e-mail: rafcap@pec.it
Telephone and WhatsApp: +39.3515671850 (ITALY) - (RUSSIA) +7.9671887772
Administrative headquarters: 24, Via Trento - 87100 Cosenza (CS) Italy Telephone: 0984 27401, Mobile: +39 335 661 4275
Registered office: Via dell’Unità, 10 87040 Castrolibero (CS) Italy Telephone: +39.0984.1813402, Mobile +39.3515671850