SPECIFICATION of ULSD 10 ppm Diesel Fuel (EN590)
Density at 15 0C Kg.m3 820-845
Polycyclic aromatic hydrocarbons EN 12916 wt% B Max
Flash Point EN 2719 0C >55
Cold Filter Plugging Point CFPP EN 116 0C
Winter Grade -15 Max
Summer Grade 5 Max
Distillation EN ISO 3405
Recovered at 250C Vol% 65 Max
Recovered at 350C Vol%95% (Vol/Vol)
Recovered at 0C 360 Max 85 Min
Sulphur EN ISO 20846
EN ISO 20884 Mg/kg 10 Max
Carbon Residue (on 10%residue) EN ISO 10370 wt% 0.30 Max
Viscosity at 40C EN ISO 3104 Cst 2.0-4.5
Copper Strip Corrosion (3h a5 50C) EN ISO 2160
Fatty acid methyl ester(FAME) content EN 14078 Vol% 7.0 Max
Cetane Number EN ISO 5161 EN 15195 51 Min
Cetane Index EN ISO 4264 Calculated 46 Min
Water EN ISO 12937 Mg/kg 200 Max
Particulate Matter EN 12662 Mg/kg 24 Max
Oxidation Stability EN ISO 12205
EN 15751 G/m3 H 25 20 Max Min
Lubricity (wsd1,4) at 60C EN ISO 12156/1 Um 450 Max
Quantity: Minimum 25.000 MT - Maximum 100.000 MT
Origin: Kazakstan
Loading Port: Gorgia Batumi
Payments (SBLC or BG) via MT-760 unconditional, cashed
back from top 25-30 world banks with sellers acceptable verbiage.
EN590 10PPM, Ready Stock at Zhoushan Port Tanks, China.
No LC required. Just Dip Test and Pay by TT.
Buyer can opt for either TTT or TTV basis deliveries
All the documents verified today. Ready to issue Dip Test Authorisation.
We have EN 590-10 PPM Diesel available in Singapore TANJUNG BRUAS PORT on 27th August 2023. We can share Bill of Lading, IMO number, Entrustment letter. Quantity will be 100,00 MT. Please contact immediately. Regards.
PRODUCT: EN590 10PPM
ORIGIN: NON SANCTION ORIGIN
QUANTITY: 100,000 MT ( +/- 5% ) SPOT IMMEDIATE CONTRACT QUANTITY: AFTER SUCCESSFUL SPOT COMPLETED 300,000 MT ( +/-5% ) PER MONTH
DELIVERY BASIS: CIF ASWP ( EUROPE ) AS INSTRUCTED BY BUYER
TERMS OF PAYMENT: BY SBLC MT760 / BANK GUARANTEE BY MT103 ON COMPLETION OF Q&Q INSPECTION BY SGS OR EQUIVALENT
PRICE: CIF NWE / BASIS ARA ( CODE : AL0RA00 ) DISCOUNT OF USD$40.00/- PER MT NET TO BUYER
Transaction algorithm:
1. The Customer provides the LOI to the Supplier for consideration and decision-making on possible cooperation.
2. The Supplier, having considered the LOI, sends a Soft Corporate Offer to the Customer.
3. The Customer, having considered the SCO, provides the supplier with an ICPO confirmed by the bank, which will take part in the transaction as a guarantor of the transaction on the part of the Customer.
4. The Supplier accepts the Customer's ICPO and submits the Full Corporate Offer (FCO) for review by the customer.
5. The Supplier submits to the Customer a Sample General Contract for the supply of goods for study and adjustments.
6. After agreeing on the general contract, the Supplier and the Customer carry out the procedure for signing the contract and its verification. At the time of signing the contract, the parties exchange the documents, which are confirmed by banks that serve the parties and conduct transactions on the transaction.
7. The customer issues Proof of Funds (POF) confirmed by the customer's bank, the Supplier transfers to the customer Proof of Product (POP) confirmed by the Supplier's bank.
8. When signing an annual contract, the Customer provides the Supplier with an annual bank guarantee in the form of a Standby Letter of Credit from a bank with an international credit rating of at least A +, this guarantee is equivalent to the cost of the monthly volume of delivery of goods and is a guarantee of payment of funds for the goods in the event of force majeure.
9. To open the Customer's bank guarantee, the Supplier shall provide a Performance Bond determined as a percentage of the price.
10. After carrying out the procedures indicated above, the process of accumulation of goods in the Port begins, the charter of the vessel is provided and the delivery of goods is carried out in accordance with the schedule of deliveries and quality and quantity checks under contractual obligations.
11. After the arrival of the goods at the port of the Customer, the quality and quantity of the goods are checked and controlled.
12. The Customer, having received the goods at the port, pays by direct payment MT 103 to the Supplier's bank account for the full amount of the cost of the goods delivered in a specific period of time. Payment is made no later than 3-5 days from the date of receipt of the goods.
Supplier's Guarantee Bank: JP Morgan Chase New York (AAA credit rating).
The customer's bank must meet international standards and have an international credit rating of at least A +. If the Customer's bank has a credit rating below A +, then the transaction is possible only if there is confirmation of the guarantees of a bank with a low rating by an international bank with a rating not lower than A +.
In other cases, the transaction will not be implemented.
The following deliveries are carried out according to the schedule, which is an integral part of the general contract.
Product: EN590 10PPM
- Quantity: 50,000 MT
- Price: $680 Net per MT FOB Fujairah (Tank to Tank or Tank to Vessel)
FOB Procedure DIP & PAY Fujairah:
1. Buyer issues ICPO with full banking information along with full KYC.
2. Seller issues Invoice (CI) for the available quantity in the Sellerâ??s Storage Tank to the Buyer. Buyer signs and returns the CI to the Seller.
3. Buyer issues MT199 as proof of funds, CPA/TSA to Sellers account from prime 50 top bank/ bank to bank verification (companythat will send ICPO must be the same that will issue the MT 199, no JVâ??s with exits, or other agreement with end buyers accepted).
4. Seller presents the following documents to the Buyer to conduct Dip Test in Sellerâ??s tank:
A. Unconditional Dip Test Authorization (DTA);
B. TSR;
C. Certificate of Origin.
5. Buyer conducts Dip Test in the Sellerâ??s Tank and upon successful Dip Test immediately provides the Seller with Q88 or valid verifiable TSR.
6. Seller signs NCNDA/ IMFPA with intermediaries for non disclosure and payment if commissions to be paid out immediately upon receipt of payment from the buyer.
7. Buyer issues 100% MT103/TT Wire Transfer payment to the Seller.
8. Seller signs Tank To Vessel Injection Agreement (TTVIA) or tank to tank (TTIA) to commence injection of product into the Buyerâ??s vessel or TSR FROM BUYER TO COMMENCE INJECTION OF PRODUCT TO BUYER'S TANK with Full coordinates.
Seller transfers the Title of the product Ownership to the Buyer.
9. Buyer and Seller sign a long term contract for the consistent supply for a mutually agreeable quantities.
