JET FUEL A1 - KAZAKH ORIGIN - FOB ROTTERDAM on DIP and PAY payment terms
Initiate the buy process by sending us your LOI upon which we will share our SCO.
Following procedure:
1 Buyer sends ICPO in line with seller working procedures alongside his/her Tank Storage Agreement (T.S.A.) on receipt and acceptance of Seller's Soft Offer
2. Seller issues Commercial Invoice (C.I.), Buyer Signs within 24 hours and returns to Seller within its validity
3. Upon receipt and review of the signed C.I., seller issues Dip Test Authorization (D.T.A) to be completed and signed by buyer/ Buyer's logistics in order for Dip Test to be conducted alongside counter-signed copies of the C.I
4. Buyer returns the Dip Test Authorization (DTA) fully completed and signed within its validity and upon successful review of the completed DTA, seller issues the below full POP documents: -
A. Fresh SGS Report (Not older than 72 hours);
B. Product Reservoir Receipt;
C. Accreditation Certificate;
D. Product Passport (Quantity and Quality Analysis);
E. Authorization to Sell and Collect Certificate (ATSCC); F. Pre-Injection Report (PIR);
G. NCNDA/IMFPA (To be completed by all intermediaries);
H. Certificate of Product Origin;
Authority to Verify (ATV) either physically or otherwise.
5. Upon receipt and confirmation of the above POP Documents, Buyer provides its testing officials (SGS or
INTERTEK) and the needed test are carried out on the product in seller's tanks;
6. Buyer upon successful Dip Test makes full payment by MT103 / TT wire transfer for the total product and Seller pays commission according to NCNDA/IMFPA to all intermediaries involved in the transaction within 24 hours after confirmation of buyer's payment and injection commences immediately.
7. Seller issues a contract for buyer's desired duration upon successful completion of the trial order.
FOB Houston Jet fuel A1 Price 76 - 100 $ depend the procedure Contract signed direct buyer to refinery. Contact us for the procedure and more informations.
Dip and pay procedure for Aviation Fuel Jet A1 - FOB Rotterdam
Product
AVIATION FUEL JET A1
Price:
NWE Platts less USD 4.00 per barrel (Gross) / USD 3.00 per barrel Net to Buyer. Discount is against Three (3) days' average price of NWE Platts price (one day before SGS report, the day of SGS report and one day after SGS report), with a commission of USD1.00 per barrel to both sides.
Quantity:
Minimum 500,000 bbl then up to 4,000,000 bbl per month x 12 months
Commission:
US$1.00 per bbl paid by SELLER shared
â?? Sell Side US$0.50 per bbl (CLOSED)
â?? Buy Side US$0.50 per bbl (OPEN) shared as per completed NCND/IMFPA.
Origin:
Russian Federation
Delivery:
FOB Rotterdam
PROCEDURE
Step 1
Buyer issues LOI along with company profile and a copy of company registration certificate.
Step 2
Buyer signs NCND/IMFPA and it is passed to Seller side to sign and notarise.
Step 3
Seller verifies the Buyerâ??s CP and company registration that company is authentic and Seller issues commercial invoice (CI).
NB: It is important that the Buyer is verifiable and authentic in order for Seller to issue CI.
Step 4
Buyer signs CI and returns the signed commercial invoice to the Seller with a scanned copy of the Buyerâ??s passport and the Tank Storage Agreement (TSA) as proof of storage availability as well as being READY, WILLING AND ABLE to accept product and/or shipping documents for vessel.
Step 5
Upon approval of the Buyerâ??s TSA, Seller issues the following documents to the Buyer;
TSR, ATS and DTA letter to enable Buyer and Buyer tank farm to activate DTA letter and conduct dip test in Sellerâ??s tank via SGS team.
Seller will provide the following POP to the Buyer:
A. Commitment letter to supply issued by Russian Refinery
B. Statement of product availability issued by the refinery
Issue a notice of readiness to inject 500,000 barrels. The injection schedule is issued by Transneft.
C. ATS and ATV
D. TSA and TSR in Rotterdam
E. Injection Report
F. DTA (Dip Test Authorisation letter) authorising Buyer to carry out dip test in Sellerâ??s tank in Rotterdam (Buyer to pay SGS for dip test)
Step 6
Buyerâ??s SGS team performs dip test (paid by Buyer) and obtains fresh SGS report containing product Q & Q and provides a copy to the Buyer and Seller. Upon confirmation of product Q & Q by the Buyer, Seller injects the product into Buyerâ??s tanks.
Step 7
Buyer pays via TT/MT103 in exchange for a title that will include all product ownership title documents.
Step 8
Seller confirms Buyerâ??s payments and releases payment to all intermediaries on each side that are involved in the transaction.
Step 9
Contract begins with rolls and extensions if agreed upon.
We trust you will find this offer acceptable and look forward to your prompt response to secure the offer.
JET FUEL A1 Spot & Contract
FOB basis 80 $ to 83 $ based on quantity
Procedure :
TANK TO TANK FOB PROCEDURE:
1. Buyer issues ICPO with company letterhead, buyer�¢??s information, passport copy and banking information.
2. Seller issues a Commercial Invoice (CI) and Buyer signs and returns back the Commercial Invoice along with Buyer's Tank storage agreement (TSA).
3. Seller Representative visit the buyer's tank farm for TTM with a copy of the SGS and Injection Report upon verification of the copy of the SGS and Injection report, buyer and buyer's Tank Farm endorse DIP Test Authorization letter seller sends the following PPOP documents:
* Certificate of Product Origin.
* Letter Of Guarantee.
* Statement of availability of product.
* Product quality passport (Analysis test Report).
4. Seller issues Complete DTA and Tank Receipt to Buyer, Buyer order SGS to conduct a Dip Test of the product in the Seller's Tank on Buyer expenses submit the full injection report to the Buyer.
5. Upon successful Dip Test, sellers inject the fuel into the buyer lease Storage Tank and sellers submit the full injection report to the Buyer.
6. Buyer makes 100% payment by MT103 TT wire transfer for the total product and the Seller pays the commission to all intermediaries involved in the transaction within 24 hours after confirmation of the buyer's payment.
7. Seller issues draft SPA to the buyer to review for R&E monthly deliveries.
8. Buyer review and approves the SPA and issues DLC MT700or SBLC MT760 irrevocable, non-transferable, auto revolving for 12 months shipment value, Financial Instrument for length of the contract, and for each lift per schedule. Buyer pays after Dip Test by MT103 Wire Transfer each monthly quantity.
9. The subsequent delivery shall commence according to the terms and conditions of the contract. Seller pays commissions to all intermediaries as per IMFPA/NCNDA 24 hours after receiving payment from the buyer.
Available stock in Rotterdam tank farm for jet fuel A1:
CI DIP AND PAY FOB PROCEDURE
1. Buyer sends ICPO, Company Profile along with current and valid TSA company registration certificate+ buyer passport number + company profile to seller on receipt of seller's soft corporate offer.
2. Seller issues commercial invoice of the product in tanks at the port of Rotterdam and returns commercial invoice.
3.seller will provide the Proof of Product (PPOP) documents for product verification Which include
Tank Storage Receipt (TSR)
Certificate of origin
Statement of Product Availability,
Authorization to Verify (ATV), and
Dip Test Authorization (DTA) Letter.
4.After successful verification of the PPOP, the buyer will contact the seller's Tank Storage Company to request a 1-day payment invoice to enable Buyer obtain all the necessary authorization and clearance for a Dip Test schedule.
*Or*
Buyer must have a minimum of 10 days TSR to avoid one day tank extension.
5.Upon a successful Dip Test conducted in the seller's tanks, the buyer will make the payment for the total product cost based on the SGS Report via MT103. The seller will transfer title ownership to the buyer and send all exportation documents. The buyer can then either transfer the product into a vessel or take over the seller's tanks for further storage.
6. Upon a successful Dip Test conducted in the seller's tanks, the buyer will make the payment for the total product cost based on the SGS Report via MT103. The seller will transfer title ownership to the buyer and send all exportation documents. The buyer can then either transfer the product into a vessel or take over the seller's tanks for further storage.
7. All intermediaries involved in the transaction will sign a Non- Circumvention, Non-Disclosure Agreement (NCNDA) and International Master Fee Protection Agreement (IMFPA). These documents will be forwarded to the seller for endorsement, and the seller will provide the Endorsed NCNDA/IMFPA and Authorization to Sell and Collect (ATSC).
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.
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