Export Diesel En590 FOB TTT #2900
Category: Petroleum
Product: Diesel Gasoil EN590 PPM 10
Origin : American
Intercoms : FOB, TTT, TTV
Spot Quantity: 100,000 MT
Maximum Quantity: 300,000 MT
FOB Price: GROSS USD $560 / USD$ 540 NET
Commission: Seller $10 / Buyer $10
Loading ports: JURONG, ROTTERDAM AND HOUSTON
Delivery: FOB, TTV, TTT
Price: Pls ask
Standard TTT procedure
1) The buyer issues an irrevocable corporate purchase order (ICPO), accompanied by the company registration certificate or any valid identification, along with the tank storage agreement (TSA) for seller’s verification.
2) The seller issues a draft commercial invoice (CI). the buyer signs and returns the CI along with their tank storage agreement (TSA).
3) The seller leases and covers the buyer’s tank storage for a period of three (3) days to facilitate the tank-to-tank injection process. upon successful injection, the buyer pays their tank farm company for two (2) days.
4) The seller provides the buyer with full proof of product (POP) documentation, including:
• fresh SGS report (issued within 48 hours)
• injection report • unconditional dip test authorization (DTA)
• storage receipt with gps coordinates
• tank farm bar-code information • letter of commitment to supply
• registration certificate & export license copy
• authority to sell & collect (ATSC)
• endorsed injection schedule (signed by buyer & tank farm)
• authorization to verify (ATV) for physical verification
• irrevocable commitment to supply (spot & 12-month contract).
5) The buyer conducts a dip test in the seller’s tank. SGS performs the test at the buyer’s expense. upon successful verification, the seller proceeds with injection into the buyer’s tank. the buyer makes payment via MT103 / TT based on the final commercial invoice and confirmed quality & quantity (Q&Q).
6) The seller transfers title of ownership to the buyer as per buyer’s instructions. the buyer takes full possession of the product.
7) The seller settles all intermediary commissions. subsequent monthly contract shipments proceed according to the terms outlined in the sales and purchase agreement (SPA).
8) The seller pays all intermediaries as per IMFPA/NCNDA within 24 hours after receipt of buyer’s payment. both parties may, upon successful completion of the transaction, enter into negotiations for subsequent contracts or long-term supply agreements.
Both parties may, upon successful completion of the transaction, enter into negotiations for subsequent contracts or long-term supply agreements.
Specification
|
Average ash |
0.279 (1.007) (MAX) |
Wt% |
| ASTM D2161 |
Conversion of kinematic viscosity |
10.9SFS |
(MAX) |
| To SUS/SFS 1Saybolt furoi |
| viscosity 122°F |
| ASTM D5184 |
Aluminum and silicon in fuel oils |
|
|
| by ICP-AES or AAS |
|
|
| Aluminum content |
102 (MAX) |
Mg/kg |
| Silicon content |
93 (MAX) |
Mg/kg |
| ASTM D95 |
Water by distillation, Vol% |
0.70 (MAX) |
Vol% |
| ASTM D4530.06 |
Carbon residue |
1.11 (MAX) |
Wt% |
| Method Test Result Units |
| IP 143 Asphliteness Heptane In solubles |
|
Asphaltene content |
0.08 |
Wt% |
| IP 501 Determination of AL, Si, V, Ni, Fe, Na, Ca, Zn, P in Fuel Oil-ICPES |
|
Aluminum |
372 |
mg/kg |
|
Silicon |
187 |
mg/kg |
|
Sodium |
117 |
mg/kg |
|
Vanadium |
1 |
mg/kg |
|
Calcium |
779 |
mg/kg |
|
Zinc |
298 |
mg/kg |
|
Phosphorus |
4176 |
mg/kg |
|
Iron |
545 |
mg/kg |
1. The buyer issues an ICPO containing the sellers procedure, banking details, and a scanned copy of the buyers passport, along with a charter party agreement (CPA) from the buyer’s logistics company.
2. The seller issues a commercial invoice (CI) for the available products in tanks at the port, for the buyer’s review and endorsement, and return within three (3) international working days.
3. The seller issues to the buyer, tank to vessel injection agreement (TTVIA) to be endorsed by the seller and the buyer’s shipping company.
4. The seller issues the injection schedule to be signed and sealed by the buyer’s logistics shipping company, and seller commences the injection of the product.
5. Upon confirmation of the sign and seal injection schedule from the buyer’s logistics company with (ATV letter). the seller releases the below POP document to the end buyer’s secure email.
a) fresh SGS (not older than 48 hrs.)
b) legalized commercial invoice.
c) commitment to supply.
d) injection report
e) ATS -authorization to sell & collect
f) authorization to verify (ATV)
g) dip test authorization (DTA)
h) export license.
i) statement of product availability
j) storage receipt (TSR) with barcode and GPS coordinates
k) NCNDA/IMFPA.
6. The buyer conducts a dip test on the product in the sellers reservoir.
7. Buyer provides authorization to inject (ATI) from the buyer’s logistic company to enable the seller to commence the injection of product into the buyers vessel tank.
8. Within twenty-four (24) hours upon completion of the injection, the buyer makes payment for the total cost of the product injected into the buyer’s vessel by TT wire transfer to the seller’s nominated bank account.
9. The buyer lifts products, and all intermediaries are paid. the seller and buyer consider and sign further contracts after a successful transaction.
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