Open tender of commercial bids for selling Fuel Oil 100 produced by OJSC “Mozyr OR”, on October 06, 2015

21.09.2015

Dear Sirs,

CJSC Belarusian Oil Company (hereinafter CJSC BNK) has supplemented the terms of holding an open tender of commercial bids for long-term sales of fuel oil 100 produced by OJSC Mozyr OR in respect of in respect of governing law and arbitration as follows:

Governing law and arbitration

The Contract to be concluded by the Applicant admitted as the Tender winner with CJSC Belarusian Oil Company shall be governed by the law of the Republic of Belarus.

All disputes, disagreements or claims that may arise out of or in connection with the Contract including those regarding its amending, termination, execution, invalidity or interpretation are to be settled by the International arbitration tribunal of Belarusian Chamber of Commerce and Industry (BelTPP) in accordance with the Regulation thereof. The number of the arbitrators shall be three. The arbitration shall be held in Minsk. The language of the arbitral proceedings shall be Russian.

The Contract to be concluded by the Applicant admitted as the Tender winner with BNK (UK) Ltd. shall be governed by the law of the Federal Republic of Germany.

All disputes, disagreements or claims that may arise out of or in connection with the Contract including those regarding its amending, termination, execution, invalidity or interpretation are to be settled by the Arbitration Institute of the Stockholm Chamber of Commerce in accordance with the Regulation thereof. The number of the arbitrators shall be three. The arbitration shall be held in Stockholm. The language of the arbitral proceedings shall be Russian.

The information about tenders can be found below.

Dear Sirs,

On October 06, 2015 CJSC Belarusian Oil Company is holding an open tender of commercial bids for long term sale of Fuel Oil 100 produced by OJSC Mozyr OR:

Oil
products
Quantity
(tonnes)
Delivery
terms
Delivery
basis
Fuel oil 100
up to 60 000 tons monthly +\-50% of the agreed monthly lot Seller’s option
(total quantity up to 360 000 tons +\-50% in the Seller’s option)
October 2015 – March 2016
(for Goods deliveries to domestic markets of Russian Federation and Kazakhstan)
(transshipment in ports is not allowed);
tanker lot up to 30 000 тонн ±10% in the Seller’s option;
tanker lot up to 30 000 тонн ±10% in the seller’s option, tankers with draught up to 10,3 m, breadth up to 32,25 m and length up to 195 m are accepted
(via stipulated ports and terminals).
Printable version
RUE «PA «Belorusneft»
www.belorusneft.by
OJSC «Naftan»
www.naftan.by
OJSC «Mozyr Oil Refinery»
www.mnpz.by