George Seibel

Diesel is a light petroleum product, a complex mixture of hydrocarbons (with a carbon atom number of about 10-22), used as fuel for diesel engines. It is mainly composed of diesel fractions produced through processes such as crude oil distillation, catalytic cracking, thermal cracking, hydrocracking, and petroleum coking. It can also be produced through shale oil processing and coal liquefaction, and can be divided into two categories: light diesel (with a boiling point range of about 180-370 â??) and heavy diesel (with a boiling point range of about 350-410 â??). Widely used in large vehicles, railway locomotives, and ships. The most important use of diesel is for diesel engines in vehicles and ships. Compared with gasoline engines, diesel engines have higher thermal efficiency and lower fuel consumption. Diesel has low energy consumption, so some small cars and even high-performance cars have switched to diesel.

EN590 was introduced to coincide with the development of new emissions standards across the European Union. The overall goal has been to reduce the sulphur content of diesel fuel. Sulphur had been used as a lubricant in the fuel. Its role is taken by special additives in ULSD. Since 2007, diesel that conforms to EN590 has been referred to as Ultra Low Sulphur Diesel (ULSD) in the European Union. The phrase Ultra Low Sulphur Diesel is governed by different standards in other parts of the world. EN590 describes the physical properties that all automotive diesel fuel must meet if it is to be sold in the European Union, Croatia, Iceland, Norway and Switzerland. The EN 590 had been introduced along with the European emission standards. With each of its revisions the EN 590 had been adapted to lower the sulphur content of diesel fuel since 2007 this is called ultra low sulphur diesel as the former function of sulphur as a lubricant is absent (and needs to be replaced by additives). The quality of European diesel fuels is specified by the EN 590 standard. While these specifications not are mandatory, they are observed by all fuel suppliers in Europe. Automobile diesel en 590 is intended for application in diesel engines. Diesel motor fuel quality meets the requirements of European Standard EN 590. For operation in the conditions of a temperate climate following marks of fuel diesel automobile EN 590 are offered: Grade C limiting filterability temperature -5 C; Grade D limiting filterability temperature -10 C; Grade E limiting filterability temperature 15 C; Grade F limiting filterability temperature -20 C. The entire volume of produced diesel fuel quality meets the requirements for fuels for vehicles of Euro 4 and Euro 5. Low sulfur content in diesel EN 590 reduces emissions of sulfur oxides into the atmosphere, which is especially important for for inhabitants of big cities.

There are two main types of aviation fuels used by airlines around the world: aviation gasoline and jet fuel, which are suitable for different types of aircraft engines. Aviation gasoline is used as fuel for piston type aviation engines. Due to the fact that jet fuels commonly produced and widely used both domestically and internationally belong to the kerosene type, they are commonly referred to as aviation kerosene, abbreviated as aviation coal.

TTT procedure: EN590 10pm price $460/MT, Jet fuel A1 price $76/BBL (1) FREE ON-BOARD TRANSACTION PROCEDURE - (TANK TO TANK). Rotterdam, Houston, Fujairah, Jurong, Ningbo-Zhoushan 1. Buyer issues an official ICPO with the seller's procedure, passport copy, banking details along with their Tank Storage Agreement "TSA". 2. Seller issues their Commercial Invoice "CI" to the buyer, Buyer signs and returns the commercial invoice to the seller along with an Acceptance Letter of the sales and purchase procedure. 3. Seller verifies the buyer's storage facility and their Tank Storage Agreement (TSA) with the port authority. (NB: Seller will issue a Tank-to-Tank Injection Agreement (TTIA) to be signed by all parties only if buyer's TSA is engaged, not active or cannot be verified with the local port authority). 4. Seller issues all POP documents below to the buyer upon a successful verification and approval of the buyer TSA or after receiving the TTIA fully signed by all parties: a. Injection Report. b. Product Passport. c. 24 Hours SGS Report. d. Product Certificate of Origin. e. Tank Storage Receipt (TSR). f. Authorization to sell and collect. g. Unconditional Dip-Test Authorization. h. Product Title Holder Transfer Agreement. i. NCNDA/IMFPA. 5. If required buyer may inspect by SGS (Dip Test In Tanks) at buyer's expense. 6. Upon successful verification of POP or Dip Test in the seller's tank, buyer provides Tank Storage Receipt (TSR) to seller in order to issue the scheduled Injection Programming (IP) to be signed by buyer storage facility and then injects the product into buyer's tanks. 7. Buyer makes the payment for the product via MT103, seller transfers the Title Holder & Ownership of the product to the Buyer. 8. After successful Trial Lift (First Lift), Seller issues SPA/Contract for 12 months with R&E to Buyer for processing. 9. Seller pays commissions to all intermediaries involved, for the initial lift and all subsequent lifts according to the signed NCNDA/IMFPA.