Specifications: Standard Export Quality.
* Payment: By MT103/760
* Price/Commissions: Final price to Buyer is the Gross, including all commissions.
Commissions
* Payment is then made by Seller, who carries out all commissions transfers.
* Contract: 12 Months with possible rollovers.
* Inspection: SGS or similar
* CIF DLC or SBLC PROCEDURE
1. Buyer issues ICPO, company registration, I.D. and Top World Bank redacted Bank
Statement or equivalent
2. Seller issues Sales and Purchase Agreement (SPA).
3. Buyer signs and returns SPA.
4. Buyer's Bank issues a RWA letter to guarantee to issue an instrument on behalf of the Buyer within three working days after receiving the following PPOP.
5. Seller issues PPOP to Buyer including the following:
A. Copy of license to export issued by the Department of the Ministry of Energy.
B. Copy of approval to export issued by the Department of Ministry of Justice.
C. Copy of statement of availability of the product.
D. Copy of the refinery commitment to produce the product.
E. Copy of contract to transport the product to port
F. Copy of the port storage agreement
G. Copy of the charter party agreements to transport the product to the discharge port.
H. Tank Storage Receipt (TSR)
I. Q & Q by Current SGS report.
6. Buyer's bank issues operative Letter of Credit DLC MT 700 or SBLC MT-760
to Seller's fiduciary Bank account.
7. Seller issues 2% Performance Bond to Buyers bank.
8. Shipment Commences
9. On getting to Buyer's port of discharge, the Buyer's inspection team board the vessel and perform an inspection. Buyer sends SGS report to Seller.
10. Seller provides shipping document and a master commercial invoice to Buyer, within 3 banking days, Buyer makes the payment in full via MT 103/TT to Seller's Bank account.
Minimum 1,000,000 bbl
Maximum 5,000,000 bbl
No upper limit
PROCEDURE
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TRANSACTION PROCEDURES FOR FOB DELIVERY
1. Buyer accepts seller working procedure and issues ICPO with company registration certificate alongside copy of passport page
2. Seller issues commercial invoice (CI), Buyer signs and returns back commercial invoice.
3. Seller issue TSR with GPS coordinate to Buyer Company,
4. Buyer contacts the Seller's storage facility for tank extension to enable Buyer approval to gain access to the facility and execute the Quality & Quantity Inspection in Seller Tank Farm for FRESH Analytical Report/Result by SGS.
5. After successful DIP test, (NCNDA/IMFPA) will be signed by all parties.
6. Seller injects product into Buyers vessel or injects into Buyers tanks Buyer or buyer take over the storage tanks, within maximum 48 hours Buyer pays via MT 103/TT for the spot transaction and seller issues all export documents to buyer.
7. Upon conclusion of first lift transaction seller pays all intermediaries involved in the Transaction.
BLCO Quantity: Initial 1 million or 2 million barrels.
Contract: 1year + 2 further years rolling
Term: SPOT LIFT / OFF OPEC
Price: Dated Brent 3days Before & 3days after the bill of lading $12 Less $5 GROSS $9:00 to buyer, $4:00 to buyer/seller mandate/agents,
$1:00 to consultant/handler.
Aviation Jet Fuel is a type of aviation fuel designed for use in aircraft powered by gas-turbine engines. It is colourless to straw coloured in appearance. The most commonly used fuels for commercial aviation are Jet A and Jet A1, which are produced to a standardised international specification. The only other jet fuel commonly used in civilian turbine-engine powered aviation is Jet B, which is used for its enhanced cold-weather performance.
Jet fuel is a mixture of a variety of hydrocarbons. Because the exact composition of jet fuel varies widely based on petroleum source, it is impossible to define jet fuel as a ratio of specific hydrocarbons. Jet fuel is therefore defined as a performance specification rather than a chemical compound.
Aviation Jet Fuel is commonly referred to as JP54. However, this is the wrong terminology as there is no such grade of Jet Fuel. Jet A and Jet A1 are what refineries offer. Aviation Jet fuel Gas is what powers turbine aircraft engines. Worldwide, Jet Fuel is the most used low Sulphur content Kerosene. For instance, Colonial JP54 is similar to Jet A except the energy is 18.4 mj/Kg compared to the 42.8 MJ/kg of Jet A. Most importantly there is also a slight difference in additives.
Aviation Jet Fuel B is used for its extremely cold weather performance. However, aviation Jet fuel Bs lighter composition makes it more dangerous to handle. For this reason, it is rarely used except in very cold climates. A blend of approximately 30% Kerosene and 70% Gasoline. Because of its very low freezing point (60 C (76 F), it is known as a wide cut fuel and has a low flash point as well. Aviation Jet Fuel B is primarily used in some military aircraft. In Canada, it is also used because of its freezing point. Aviation Kerosene standards are published as GOST10227-86. The standard consists of different properties. It separates paraffin and gasoline in the refinery.
Military organisations around the world use a different classification system of JP (for Jet Propellant) numbers. Some are almost identical to their civilian counterparts and differ only by the amounts of a few additives. For instance, Jet A1 is similar to JP 8, Jet B is similar to JP 4. Military fuels are highly specialised products and are developed for very specific applications. Jet fuels are sometimes classified as kerosene or naphtha type. Kerosene type fuels include Jet A, Jet A1, JP 5 and JP 8. Naphthatype jet fuels, sometimes referred to as wide cut Jet Fuel, including Jet B and JP 4.
We are an agency that represents a seller that offers Aviation Jet Fuel A1 competitive conditions. The origins are NONSANCTIONED TANK TO TANK (TTT) or TANK TO VESSEL (TTV). We are only interested in real buyers. At first the seller will only contact the buyer through the agents, and only real buyers will be directly contacted once all documents are completed, provided and verified.
PRODUCT DETAILS
1. Commodity: Aviation fuel Jet A1Â
2. Origin: the country is not under sanctions (Seller option)Â
3. Specification: Standard Export QualityÂ
4. Quantity: Trail shipment Starting from second shipment: 1,000,000\2,000,000 BBL (One\Two Million) Barre, with a variation of +/- 5% (Plus / Minus Five Percent) Up to 2,000,000 BBL (Two Million) Barrel, with a variation of +/- 5% (Plus / Minus Five Percent) with R&E by agreement between the seller and the buyer;Â
5. Terms of Contract: Delivery of first shipment is based on the SPOT CI DIP & PAY procedure. The second shipment and subsequent - under a long-term contract.Â
6. Price: Mean of Platts FOB NWE for JET (PJAAV00) with discount minus Six US Dollar (6 U$D) per BBL. Additional charge of $1 USD IMFPA to be covered by buyer. This brings total discount of $5 USD after taking into account for IMFPA.
7. Delivery basis: FOB Rotterdam (Tank to Tank or Tank to Vessel)
8. Inspection: SGS/SayBolt/Intertek Q&QÂ Â
Procedure:
1. Potential buyers provide CIS/KYC + TSA info and a redacted bank statement to enable the due diligence process.
2. Within 48 hours DD will be finalized
3. Seller provides FCO
4. Buyer sends ICPO, POF (MT199)
5. Buyer and agents prepare contract with each other
6. Seller submits CI and FULL POP as follows:
1. Quantity and Quality Certificate (SGS) 48hrs fresh
2. Tank Storage Receipt (TSR)
3. Product Passport (Dip Test Result)
4. Authorization Letter to Verify the Product with the Tank Farm
5. Authorization to Sell/ Collect (ATSC)
6. Dip Test Authorization
7. Seller issues the following documents to all Intermediaries and the Buyer endorsed NCNDA/IMFPA
7. Buyer arranges dip test by his SGS team (Optional) and effects payment by MT103 or TT wire transfer for the total product available.
8. Seller change title of ownership to buyers name and buyer lifts the product.
Aviation turbine fuels are used for powering jet and turbo-prop engined aircraft and are not to be confused with Avgas.
Outside former communist areas, there are currently two main grades of turbine fuel in use in civil commercial aviation :
Jet A-1 and Jet A, both are kerosene type fuels.
There is another grade of jet fuel, Jet B which is a wide cut kerosene (a blend of gasoline and kerosene) but it is rarely used except in very cold climates.
JET A-1
Jet A-1 is a kerosene grade of fuel suitable for most turbine engined aircraft. It is produced to a stringent internationally agreed standard, has a flash point above 38C (100F) and a freeze point maximum of -47C. It is widely available outside the U.S.A. Jet A-1 meets the requirements of British specification DEF STAN 91-91 (Jet A-1), (formerly DERD 2494 (AVTUR)), ASTM specification D1655 (Jet A-1) and IATA Guidance Material (Kerosine Type), NATO Code F-35.
JET A
Jet A is a similar kerosene type of fuel, produced to an ASTM specification and normally only available in the U.S.A. It has the same flash point as Jet A-1 but a higher freeze point maximum (-40C). It is supplied against the ASTM D1655 (Jet A) specification.
JET B
Jet B is a distillate covering the naphtha and kerosene fractions. It can be used as an alternative to Jet A-1 but because it is more difficult to handle (higher flammability), there is only significant demand in very cold climates where its better cold weather performance is important. In Canada it is supplied against the Canadian Specification CAN/CGSB 3.23
MILITARY
JP-4
JP-4 is the military equivalent of Jet B with the addition of corrosion inhibitor and anti-icing additives; it meets the requirements of the U.S. Military Specification MIL-DTL-5624U Grade JP-4. (As of Jan 5, 2004, JP-4 and 5 meet the same US Military Specification). JP-4 also meets the requirements of the British Specification DEF STAN 91-88 AVTAG/FSII (formerly DERD 2454),where FSII stands for Fuel Systems Icing Inhibitor. NATO Code F-40.
JP-5
JP-5 is a high flash point kerosene meeting the requirements of the U.S. Military Specification MIL-DTL-5624U Grade JP-5 (as of Jan 5, 2004, JP-4 and 5 meet the same US Military Specification). JP-5 also meets the requirements of the British Specification DEF STAN 91-86 AVCAT/FSII (formerly DERD 2452). NATO Code F-44.
JP-8
JP-8 is the military equivalent of Jet A-1 with the addition of corrosion inhibitor and anti-icing additives; it meets the requirements of the U.S. Military Specification MIL-DTL-83133E. JP-8 also meets the requirements of the British Specification DEF STAN 91-87 AVTUR/FSII (formerly DERD 2453). NATO Code F-34.
