en590

Commodity : A1 Jet Fuel
Origin : Qatar
Specification See Annex A Attached
Rotterdam we have 2m
Houston we have 4m
Quantity : 6M barrels
Million Barrels
SPA Contract Quantity : 12 Months – Quantity TBD
Price : $135.00/ Per Barrel or Net Discount -8 on Platts price
Destination Port : Houston, TX
Delivery Terms : FOB Rotterdam – Dip and Pay from Tank to Vessel
Payment Terms : TT / MT103

Procedures as below:

1. Seller Issues FCO
2. Buyer accepts seller working procedure and issues ICPO together with company registration
documents.
3. Seller Issues CI to Buyer with banking details.
4. Buyer to Provide TSA certification and number and returns commercial invoice with Buyer’s
storage tank agreement.
5. After Seller confirms buyer’s storage tank agreement, buyer provides tank storage receipt for 5 days to enable buyer to gain access to facilitated seller tank and conduct dip test and execute the Quality & Quantity Inspection in Tank Farm for FRESH Analytical Report/Result by SGS.
6. After successful DIP test, seller releases Dip test SGS result.
7. Buyer pays via MT 103/TT for the spot transaction after receiving this Dip test SGS in one (1) bank working day.
8. Injection of product proceeds into Buyer’s vessel or Buyer’s tanks. Buyer retains tank take-over within maximum 48 hours. Seller issues all export documents to buyer.
9. Upon conclusion of first lift transaction, seller pays all intermediaries involved in the Transaction and proceeds with signing a 12-month contract with Buyer supported by SBLC.