AVAILABLE PRODUCTS FOR ALLOCATION
EN590 (DIESEL GAS)
MINIMUM LIFTABLE QUANTITY: 100,000 MT (TRIAL LIFT)
MAXIMUM LIFTABLE QUANTITY: 400,000 MT (MONTHLY)
CIF/TTO/STS PRICE: $520.00 / NET $510.00 PER MT
FOB PRICE: GROSS $490.00 / NET $480.00 PER MT
ORIGIN: KAZAKHSTAN
COMMISSION: $5/$5 (BOTH SIDES)
TERMS OF NEGOTIATIONS
PRODUCT: NON-SANCTION
DELIVERY TERMS: FOB/TTO/CIF/STS
PORT: ROTTERDAM/HOUSTON/JURONG/FUJAIRAH
DISCHARGE PORT: TO BE ANNOUNCED
PAYMENT TERMS: TT/MT103 WIRE TRANSFER/SBLC
DURATION OF CONTRACT: TRIAL LIFT WITH R&E.
INSPECTION: SGS INSPECTION OR EQUIVALENT
FOB STANDARD OPERATING PROCEDURE.
1. Buyer issues ICPO incorporated with Seller's working procedures,
Buyer's banking details, company registration certificate and Buyerâ??s
Passport.
2. Seller issues Commercial Invoice to Buyer, Buyer signs and return
Commercial Invoice within 48 hours.
3. Seller issues a copy of ATV from a Top Tier 1 tank storage company
like VTTI, USS, VOPAK, KINDER MORGAN, KOOLE, SVNT etc, for
Buyer to contact and obtain valid TSR in Buyer Companyâ??s name
which comes with Terminal Access Code (TAC) for entry permit to
enable physical inspection of product all in Buyerâ??s expense.
4. Buyer conducts DIP TEST and obtain Fresh SGS report, Buyer
either proceeds to take over tank by further extending Sellerâ??s tank,
issue nominated TSA/TSR or Vessel Q88 for injection of product.
5. Upon completion of successful completion of the tank take over or
injection process, Buyer makes full payment for the total value of
product injected via TT wire MT103.
6. Seller confirms payment and transfers Product Title alongside full
POP documents to Buyer and pays commission to intermediaries as
per NCNDA/IMFPA.
7. With 5 banking days, Seller and Buyer companies negotiates for
subsequent monthly shipments continue as per terms and conditions
of contract between companies.
