FOB
MOQ. : 50.000MT
PRICE : USD430/MT
Commision :
US$ 5/ MT for Buyer's Side
US$ 5/ MT for Seller s Side
TRANSACTION PROCEDURES
1. Buyer issues Company Profile ICPO Buyer's Passport and Tank Storage Agreement TSA
2.Seller verifies Buyer Company and Registration including Buyer's TSA and issues Commercial Invoice for the trial delivery.
3.Upon Buyer sign back of Commercial InvoiceBuyer request buyer's tank farm invoice for injection time to Seller.
4.Seller processes payment to Buyer's tank farm per the invoice and issues Injection Schedule and pays for the Injection Fee and Buyer's tank farm issues TSR and ATV.
5.Upon completion of injection into Buyer's tanks by seller, Seller issues DTA in the same day.
6.Buyer conducts the dip test at Buyer's expense.
7.Upon successful inspection report of Q&Q, Seller issues ATSC and Certificate of Origin to Buyer and Buyer pays for the product in full by Mt103/TT within 24 hours and Seller transfer the Title.
8.Seller and Buyer sign 12 months contract.
FOB
MOQ : 2.000.000 barrels
PRICE : USD82 /barrel
Commision :
USD 1/ Barrel for Buyer's Side
TRANSACTION PROCEDURES
1.Buyer issues Company Profile ICPO Buyer's Passport and Tank Storage Agreement TSA.
2.Seller verifies Buyer Company and Registration including Buyer's TSA and issues Commercial Invoice for the trial delivery.
3.Upon Buyer sign back of Commercial Invoice Buyer request buyer's tank farm invoice for injection time to Seller.
4.Seller processes payment to Buyer's tank farm per the invoice and issues Injection Schedule and pays for the Injection Fee and Buyer's tank farm issues TSR and ATV.
5.Upon completion of injection into Buyer's tanks by seller, Seller issues DTA in the same day.
6.Buyer conducts the dip test at Buyer's expense.
7.Upon successful inspection report of Q&Q, Seller issues ATSC and Certificate of Origin to Buyer and Buyer pays for the product in full by Mt103/TT within 24 hours and Seller transfer the Title.
8.Seller and Buyer sign 12 months contract
PROCEDURE ON CIF BASIS
Product EN590-10ppm
MOQ : 50.000MT per shipment
PRICE : US$480/MT
Commision :
US$ 5/ MT for Buyer's Side
US$ 5/ MT for Seller s Side
1.The buyer sends the ICPO along with a Company Profile and passport copy of bearer.
2. Seller acknowledges buyer's ICPO and issues Contract to buyer open for amendment, buyer signs and returns the Contract to the seller.
3. Seller makes the final signature on the Contract and sends the final approved, endorsed to buyer. Within 2-3 days seller issue partial PPOP document to buyer as follow:
a) statement of availability of product
b) product certificate of origin
c) commitment to supply
d) product passport
4.Buyer's bank in accordance with seller's verbiage issues agreed payment instrument SBLC MT760 /DLC MT700 within 7 working days for the product value and seller's bank issues operative 2% PB in favor of buyer. If buyer fails to issue SBLC/DLC within the validity date, the buyer will be obliged to secure the product allocation until the instrument is in place.
5.Whereby buyer could not meet up with the instrument, buyer will negotiate with refinery a refundable guarantee deposit in replacement for instrument. Refinery-supplier will send Charter Party Agreement [CPA] details to buyer confirmation and endorsement.
6. Refinery-supplier release FULL set of PROOF of document accordingly to the below and performance bond guarantee to buyer bank and upon confirmation receipt of full POP document, against shipping documents/ inspection by SGS or CIQ at discharge port upon the arrival of the vessel at the port of delivery, after quantity and quality of the product is checked and confirmed.
a) copy of products certificate of origin
b) copy of statement of availability of the product
c) copy of export license certificate
d) copy of CPA to transport the product to the loading port
e) copy of port storage agreement
f) copy of the vessel questionnaire 88
g) copy of tank storage receipt (TSR)
h) copy of the charter party agreement with the shipping company
i) copy of bill of lading (BL)
j) fresh cut SGS report/ dip test letter
7. Buyer bank releases payment to seller bank within 5 days via MT 103 T/T wire transfer after inspection of product at discharge port and receipt of all the shipping documents as indicated below and seller pays all the intermediaries involved
