Supposed essential terms of the sale purchase contract and the structure of the deal:
The contracting of the asset with the USD, EUR or RUB currency of payment will be arranged by RUSOFFERS traders team directly between the Owner of the asset as the authorized Seller- Exporter of the asset and the Buyer of the asset as the Importer of the asset through the experienced and international well-known Project Cargo Carrier which is supposed to be acted as the Import-Export Purchasing Agent of the Company – Buyer in Russia and able to arrange the export of the asset from Russia to a place of destination including all needed export customs formalities in Russia.
The supposed terms of the sale-purchase contract according INCOTERMS 2010 rules are EXW Cleared for EXPORT, on-site Owner’s warehouse terms.
The supposed place of delivery where the asset should be collected by the Project Carrier nominated by the Buyer is the warehouse of the Owner of the asset located in the Siberian Federal District of Russia, ~3500 km far from any sea port.
The ownership for the asset and all risks will be passed from the Seller to the Buyer at the moment when the Project Cargo Carrier will load the dismantled asset on the Carrier’s truck.
The essential terms and the procedure of the assignment clause:
The asset is supposed to be passed at the Buyer’s disposal (or the Buyer’s nominated Project Carrier) in a reasonable agreed time after issuing the payment from the Buyer’s side.
The asset must be collected by the Buyer (or the Buyer’s nominated Project Carrier) from the Seller’s yard in a reasonable agreed time specified in the sale contract.
The dismantling of the asset and the arrangement of the asset relocation (including if it is needed packaging, marking, painting, loading and etc) from the Seller’s place of asset location to the final destination place of delivery is supposed to be arranged by the Buyer technical team (or by the Buyer’s nominated Project Cargo Carrier or Sub-contractor under supervision of the Buyer’s representative).
The essential terms and procedure for payment of the asset:
The asset is expected to be paid by the Buyer’s appointed Project Cargo Carrier before the Seller should transfer the asset at Buyer’s (or nominated Project Cargo Carrier) disposal by any of the following options:
-100% payment bank transfer in the Seller favor from the Project Cargo Carrier after the asset loaded on the Carrier’s truck;
-100% covered irrevocable documentary letter of credit issued to the Seller's bank or confirmed by the Seller’s bank if the L/C is not covered with main condition of payment against copy of shipping document: either deed of conveyance of the asset signed and stamped by the Seller and Buyer or CMR, loading report issued by the Project Cargo Carrier and confirming the acceptance of the asset by the mentioned Project Cargo Carrier.