COMMERCIAL

INVOICE

SELLER INFORMATION

COMMERCIAL INVOICE #

SHANN INTERNATIONAL PETROLEUM PTD LTD,

228 CHANGI ROAD, #03-08/09, Icon@Changi,
Singapore 419741


MS SHANN SALJAHAN EXECUTIVE CHAIRMAN
+65 9475 1228
Email : shann.saljahan@shann-petroleum.com

SIPL/CI-D2/88-214

CONTRACT #

SSW/SPA-D2/88-2014
SELLER CODE:
SSW/CI-D2/88-2014

BUYERS LEGAL SIGNATORY NAME

BUYER INFORMATION

GLOBAL ENERGY LOGISTICS, INC.

MR. REV. SILVIO ULMOS
World Trade Center Calle 53, Marvella
1, Area Comercial Apartado
Postal :0832-0588, Panam D.C
Republica of Panam.
+507 205-1689
reverendoulmos@aol.com
silvioulmos@globaleli.com

SIGNATORY DIRECT TEL & MOBILE #

SIGNATORY EMAIL ADDRESS

BUYERS BANKING INFORMATION

DATE CREATED

VALID
THROUGH

BANK NAME:

21/10/2014

22/10/2014

ADDRESS:

DESTINATION

CURRENCY

CIF ROTTERDAM

US DOLLARS

ACCOUNT
HOLDER:

ORIGIN

INCO TERM

BANK OFFICER

RUSSIA

2010

ACCOUNT #:

NET PRICE

GROSS PRICE

SWIFT/BIC
CODE:

BANK TEL:

720.00

730.00

BANK FAX:

PAYMENT CONDITIONS

PRODUCT DOCUMENTS INCLUDED

1 | P a g e SHANN INTERNATIONAL PETROLEUM PRIVATE LIMITED (C.R. NO: 201200708Z)

228 Changi Road #03- 08/09 Icon@Changi Singapore 417941
Tel : +65 9641 1776/+65 6444 7092 Fax : +65 6491 5462
www.shann-group.com/www.shann-oil.com


Upon Buyers receipt of the Dip test results, Buyer's bank
shall send Full Payment via MT 103/ TT to the Seller's bank.

UPON BUYER TANK VERIFICATION DTA

WILL BE ISSUED

TRANSACTION SPECIFICS & DELIVERY INFORMATION


PAYMENTS TO SELLER/BANKSDETAILS

Bank Name

Oversea Chinese Banking Corporation

Bank Address
Account Number

63 Chulia Street, #05-00 Centre East, S (049514)

503-210049-301

Account Name

Shann International Petroleum Pte Ltd

IBAN Code

SWIFT/ BIC Code

Bank Officer
Bank Telephone N.
Bank Fax N.

OCBCSGSG
Mr Fabian Khoo
+65 6890 3503/+65 8498 8786
+65 6532 1416

PROCEDURES :

1
2.

The Buyer issues an Irrevocable Corporate Purchase Order.

Seller issues FCO via Ju-Young Tech., of which buyer endorses and returns with the letter of
acceptance to seller procedure
Selelr issues draft contract open for amendments of which buyers and return.
Both parties confirm draft Contract by endorsing it. Seller registers and legalizes the contract
with the appropriate Authorities and sends copy via electron to the buyer.
Seller issues Attestation Letter of Act of Transfer to buyer. Buyer counter sign and returns back
to seller for Notarization.
Upon the agreement of the contract, Seller issues hard copy of the following documents below
to buyer through Legal Consultant Government Legalizing of Contract/Transaction and Transfer
of Ownership Title Courier via DHL Service.
a) Legalized/Notarized Hard Contracts
b) Mutual agreement Document
c) Letter of Affirmation from the Ministry of Justice
d) Corporate Guarantee/Addendum
e) Attestation of allocation from the Ministry of Energy
f) Certificate of origin issued and endorsed by Russian Chamber Commerce
g) Tank Receipts
Upon approval, the parties obtain on the Change of Ownership authorities in charge for the
ownership title from Sellers name to Buyers name as legal owner transaction Ministry of

2 | P a g e SHANN INTERNATIONAL PETROLEUM PRIVATE LIMITED (C.R. NO: 201200708Z)

228 Changi Road #03- 08/09 Icon@Changi Singapore 417941
Tel : +65 9641 1776/+65 6444 7092 Fax : +65 6491 5462
www.shann-group.com/www.shann-oil.com

Energy, up on Buyers Pre-Advice or Bank confirmed BCL initial shipment to Buyers Bank
confirmed
Sellers bank will send Buyers bank the notification letter bank confirmation of listed.
Proof of Products and guarantee delivery of the goods with full banking responsibility via Swift
POP and POF Bank to Bank proceed
Selelr and Buyer finalize shipment schedule with the shipping company.

Seller shall issues to buyers Bank the proof of products (POP) plus 2% Performance Bond which
also includes the following.
a) Transaction/Deal passport
b) Copy of the tank receipt issued by the storage facilitator
c) Copy of license to export, issued by the Ministry of Energy
d) Copy of approval to export, issued by the Ministry of justice
e) Copy of statement of availability of the product
f) Copy of the Refinery commitment to produce the product
g) Copy of Transneft contract to transport the product to the port
h) Copy of the port Storage agreement
i) Copy of tank storage receipts
j) Copy of seller Company passport of the products
k) Copy of Dip Test Authorization / assignment ownership document
l) Commercial Invoice
Buyers bank issues Documentary Letter of Credit IRNDLC to, the assignee names by means of
prime world ranking banks guarantee Model ICC458 acceptable in written by Buyer and Seller
and invitation for Buyer attend SGS Inspection and the Seller fail to supply the cargo of the
product this 2% will be paid to buyer

Shipment commences as per contract, buyer release payment to the seller outturn
shipment delivered per slot via SWIFT fund transfer MT103 or TT within 5 banking days
after SGS discharge port of cargo and receipt of all the relevant shipping documents,
shipment should arrive at Buyers discharge port within 30-40 days after the Financial
Instrument received by the Sellers Bank, same time seller all Brokers/Agents same time
outturn shipment delivered per slot via SWIFT fund transfer according to
NCNDA/IMFPA

3 | P a g e SHANN INTERNATIONAL PETROLEUM PRIVATE LIMITED (C.R. NO: 201200708Z)

228 Changi Road #03- 08/09 Icon@Changi Singapore 417941
Tel : +65 9641 1776/+65 6444 7092 Fax : +65 6491 5462
www.shann-group.com/www.shann-oil.com






EDT (ELECTRONIC DOCUMENT TRANSMISSIONS) SHALL BE DEEMED VALID AND
ENFORCEABLE INRESPECT OF ANY PROVISSION OF THIS COMMERCIAL INVOICE.
By their signatures below, the Parties are verifying they are authorized signatories of their firm and each has had
adequate opportunity to review with their legal counsel and has Understood, Agreed and Accepted this Commercial
Invoice effective as of the date stated above and signed the date shown herein below.
All Parties to this Commercial Invoice hereby agree to be bound by the Terms and Conditions stipulated herein and
further state that their respective representatives have full authority to execute this document.

SELLERSSTAMP&SIGNATURE

SHANN INTERNATIONAL PETROLEUM PTE LTD

TH

Oct 16 , 2014
MS SHANN SALJAHAN
EXECUTIVE CHAIRMAN

BUYERS STAMP&SIGNATURE

4 | P a g e SHANN INTERNATIONAL PETROLEUM PRIVATE LIMITED (C.R. NO: 201200708Z)

228 Changi Road #03- 08/09 Icon@Changi Singapore 417941
Tel : +65 9641 1776/+65 6444 7092 Fax : +65 6491 5462
www.shann-group.com/www.shann-oil.com