Offer En590 10ppm FOB
Category: Petroleum
Product: Ultra Low Sulphur Diesel EN590 (10PPM/50PPM)
Origin : Kazakhstan
Intercoms : FOB, TTT, TTO, TTV, CIF
Minimum Quantity: 50,000 Metric Tons per month
Maximum Quantity: 400,000 Metric Tons per month
Price on FOB: $430.00 USD GROSS / $420.00 USDNET
Price on CIF: USD$440 Gross / USD$430 Net per MT
Loading port: Rotterdam, Houston, Fujairah & Singapore
DeliveryTerm: FOB / CIF / Any Safe World Port (ASWP).
Payment terms: SWIFT/T/T WIRE transfer & MT103
Inspection: SGS, CIQ, Quality & Quantity Test Report and Similar
Commission: Buyer side $5 open and Seller Side closed
MODE OF DELIVERIES AVAILABLE
1. SPOT - FOB TTT
2. SPOT - FOB TTV
3. Vessel to Tank
4. TTM Escrow
5. CIF with Terms of payment through DLC / SBLC
6. C F R basis
7. Loaded Vessel Take Over
Delivery: FOB, CIF, TTO, VTT
Price: Pls ask
TTV SPOT FOB ROTTERDAM, HOUSTON AND SINGAPORE PORT
1. Buyer issues ICPO with Company letterhead containing Refinery working procedure With Banking details scanned copy of Passport data page for Refinery validation.
2. Refinery issues a Commercial Invoice of the product in tanks at the port, and the buyer signs and returns a Commercial Invoice to the Refinery.
3. Upon return of the endorsed CI, Trans Oil Gas, Too releases to the Buyer the following Partial POP documents:
a. Commitment Letter to Supply
b. Certificate of Origin
c. Tank Storage Receipt TSR.
d. Statement of Product Availability
e. Authorization to Verify ATV (Through call or email)
f. Authority to Sell and Collect (ATSC)
4. Buyer contacts the Refinery leased Storage Company through call or email and pays Two (2) day Tank Extension payment to enable Tank Clearance and for the Buyer to gain a port legal access permit to execute a dip test for quantity and quality inspection and fresh inspection / report by SGS Refinery Tanks. (THE TANK FARM WILL ARRANGE THE APPOPRIATE CLEANCE CODES)
5. Upon confirmation of the buyer securing tank clearance and port legal access permit to the product. The Seller issues Unconditional Dip test authorization letter (UDTA), Act of Transfer and Allocation Certificate for the buyer to proceed with the dip test. Buyer and his SGS Inspection team conduct a dip test on the product in Refinery tanks and get their Fresh SGS Report.
6. Upon the satisfactory result of the dip test, Refinery Storage Company issues to Buyer, the Notice of Readiness (NOR) to inject the product out if necessary.
7. The Buyer then makes arrangements to take over the tanks to inject the product into their Vessel.
8. Upon completion of the Injection, the Refinery releases to the buyer the below POP documents.
a. Pipeline Injection Report.
b. Product passport (Analysis Test Report).
9. Refinery /Buyer intermediaries complete and sign NCNDA/IMFPA agreements for processing and commission allocation
10. Upon confirmation of the above pop document by the Buyer they then make Arrangements to pay for the total costs via MT103 for the product injected into the Vessel.
11. Refinery pays all intermediaries involved in the transaction upon receipt of the payment within 48hrs and Transfers the Title of Ownership Certificate of the product to the Buyer.
TTO - REFINERY LOADED VESSELS TAKE OVER WORKING PROCEDURES:
1. Intending Buyer issues its Irrevocable Corporate Purchase Order (ICPO), Company Registration, Banking Details and Client Information Sheet (CIS) as authorization and approval of the terms and conditions of the operational procedures of the Seller.
2. Refinery legal department conducts due diligence on Intending Buyer and issues Memorandum of Understanding (MOU) and Commercial Invoice (CI) for the product quantity on board vessel, Non-Circumvention & Non-Disclosure Agreement (NCNDA) along with Irrevocable Master Fee Protection Agreement (IMFPA) if approved within 48 hours. Intending Buyer signs MOU and CI,Intermediaries / Mandates fill out their account information according to brokers involved as agreed on the NCNDA/IMFPA and return to Seller for countersigning and endorsement before lodging documents with its bank.
3. Seller sends Buyer the Proof of Product documents below:
* Refinery Commitment to Supply
* Product Passport Test Analysis Report
* Certificate of Origin
* Quality Inspection Certificate
* Authorization to Verify (ATV)
* Authorization to Sell and Collect (ATSC)
* Bill of Lading
* Ullage Report
* Cargo Manifest
* Vessel Q88
* Buyer is issued a master invoice for five percent (5%) rerouting protocol and Security Guarantee fee to REFINERY nominated bank Account
4. Buyer confirms receipt of the above documents and makes 5% payment for the total product value of the product that is to be deducted when paying the balance after discharging at Buyers port.
5. Refinery issues approval to Export License Certificate, Authorization to Board the Vessel (ATB), Dip Test Authorization (DTA) and all shipping documents will be re-issued in Buyer’s name and the vessel will be "rerouted" to the Buyer’s discharge port
6. Upon arrival of the vessel at Buyers discharge Port, Buyer pays the balance Ninety Percent (95%) of total product value after successful CIQ/SGS or the equivalent inspection via T/T-MT103 and the Title Ownership will be transferred to Buyer.
7. REFINERY pays Intermediaries / Mandates 48 hours after confirming payment from Buyer according to sign NCNDA along with Irrevocable Master Fee Protection Agreement (IMFPA).
#Petroleum#FOB#CIF#TTO#VTT#Kazakhstan#Rotterdam#Singapore#Fujairah