Import and export of goods with Oman — a bilingual EN/RU contract in 15 minutes. CISG not ratified, settlements in USD or OMR
Parties, documents and specifics for every deal scheme
Four contract types — for any deal structure with an Omani partner
Import oil, petroleum products, LNG, fish, and dates from Oman.
Export metals, fertilizers, grain, machinery, and industrial equipment to Oman.
A contract for services from Omani companies: oil and gas, construction, logistics.
A contract for services to Omani clients: nuclear technologies, IT, construction.
Key terms to reflect in the contract with Oman
Oman has not ratified the CISG. But the contract from our generator is governed by Russian law, and Russia is a party to the Convention, so it applies to the sale of goods as part of Russian law (Article 1(1)(b) CISG).
CISG · Russian lawThe Omani rial (OMR) is tightly pegged to USD (1 OMR ≈ 2.60 USD) — one of the highest-valued currencies in the region. Settlements can be made in USD or OMR, whichever you prefer.
OMR/USD · fixed rateWhether a payment goes through depends on the banks on both sides, so agree the settlement route with your own bank before signing.
Bank · payment routeThe deadlines for receiving proceeds are set in the contract — the bank takes them into account when registering it; the mandatory amount of foreign currency proceeds to be credited is set by Presidential Decrees No. 79 and No. 430. For amounts from 3 million RUB (import) or 10 million RUB (export), a unique contract registration number (UNK) is issued.
173-FZ · contract registrationAnswers on drawing up a contract with a company from Oman
Fill in the form, pay online — and download right away. The file is accepted by banks and customs.
Oman is a member of the GCC.
The contract should state the CR (Commercial Registration) number, full company name, and address. Verification is available through investinoman.om.
Oman has not ratified the CISG. But the contract from our generator is governed by Russian law, so the Convention applies to the sale of goods as part of Russian law (Article 1(1)(b) CISG); disputes are heard by the ICAC at the Russian Chamber of Commerce and Industry.
Whether a payment goes through depends on the banks on both sides, so agree the settlement route with your own bank before signing. Omani banks work via SWIFT; whether a particular transfer goes through depends on the banks on both sides.
The ports of Oman include Salalah.