1. Aviation Jet Fuel A1
2. Aviation Jet Fuel JP 54
3. EN590 10 ppm
FOB Rotterdam, Fujairah, Houston
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.
Payment Terms : LC / SBLC / MT 103/TT
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Commodity: Bonny Light Crude Oil (BLCO)
Grade: NNPC STANDARD
Origin: NIGERIA
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.
