Export EN590 10PPM TTV
Category: Petroleum
PRODUCT: DIESEL OIL EN590 10PPM
Origin : Azerbaijan, Kazakhstan
Intercoms : TTV, TTT
Spot Quantity: 50,000 MT / 100,000 MT
Minimum Quantity: 100,000 MT / 200,000 MT
Price: GROSS USD $ 530 / USD $ 520 NET
Commission: Seller $5 / Buyer $5
Terms of Trade FOB Tank to Vessel or to Tank
Loading Port: Jurong / Rotterdam
Price: Pls ask
1. The buyer issue ICPO and the CPA
2. Seller release the commercial invoice within 48 hours
3. The buyer sign and return the CI to seller along with their notice of readiness (NOR) from their shipping company
4. The seller issue the ppop document as below:
1) Product quality passport
2) Certificate of origin
3) Commitment to supply
4) Statement of product availability
5. The buyer provides ATI and Q88 from his or her shipping company
6. Seller issues unconditional dip test authorization, TSR to buyer, buyer conduct dip test in seller tank at buyer cost
7. After the successful dip test, injections commences to buyer vessel
8. After the successful injection seller issues
1) allocation license
2) title ownership transfer affidavit
3) tax registration certificate
9. The buyer make 100% of the payments of the fuel via MT103/TT to the seller in 24 hours , once 100% payment received all intermediaries are paid by seller. Seller and buyer sign a one year delivery
1. Buyer issues ICPO with the seller terms and conditions and their TSA.
2. Upon seller satisfaction of the ICPO from the buyer, the seller issues commercial invoice.
3. Buyer study and sign the commercial invoice within 3 working days and return back to the seller.
4. Upon the seller received the signed copy of the commercial invoice from the buyer, seller issue to the buyer the below PPOP documents:
a. Statement of availability
b. Commitment Letter to Supply
5. Upon buyer receiving the PPOP documents, seller requests the buyer to provide TSR from their storage company with GPS coordinates.
6. Upon receiving the TSR AND GPS coordinates from the buyer tank farm, seller shall issue the Dip Test Authorization and Authorization to Verify.
7. Upon seller issuing the DTA to buyer, seller shall immediately start injection and submit to buyer the daily injection report.
8. Upon the completion of the injection, seller shall commence dip test and issue to the buyer the following POP Document.
a. Authorization to sell and collect
b. Certificate of Origin
c. Fresh SGS Report
d. Affidavit of Transfer of ownership of product
9. Upon buyer receiving the POP document, buyer signed the affidavit of transfer of ownership certificate.
10. Buyer makes 100% payment by MT103/TT wire transfer for the total product and Seller pays commission to all intermediaries involved in the transaction within 24 hours
after confirmation of the buyers payment then seller issues buyer the Title of Ownership.
11. Seller issues draft Contract for buyer to review for R & E monthly deliveries.
12. Buyer reviews and approves the contract and issues SBLC/IRDLC irrevocable, non transferable, auto revolving for months, shipment value, documentary letter of credit for
the length of contract and for each lift-able as scheduled
13. Buyer pays after Dip Test by MT103 Wire Transfer on each monthly quantity.
14. The subsequent delivery shall commence according to the terms and conditions of the Contract, and mandates/intermediaries receive their commissions according to monthly delivery.
#Petroleum#FOB#TTV#Azerbaijan#Jurong#Rotterdam