NON-NEGOTIABLE CIF TRANSACTION PROCEDURE
1. Buyer sends ICPO to SELLER along with Copy passport & Company registration & Bank comfort Letter (BCL). The BCL has to be for a minimum value of one month
shipment; ICPO has to be on the letterhead of the end buyer
2. Seller send Full Corporate offer to the Buyer;
3. Buyer signs the FCO and returns it back to Seller
4.the Seller sends Sales and Purchase Agreement (SPA) to Buyer, along
with Pro-forma Invoice;
5.Seller sends to the Seller NCNDA-IMFPA signed by all
intermediaries involved in the transaction for endorsement and Notarization to
secure the payment of commissions;
6.. After the Seller and the Buyer (the Parties) agree on all the terms and conditions of
the SPA, they fully sign and stamp the SPA;
7. Seller sends NCNDA-IMFPA, Notarized and Endorsed by
the Sellers bank to secure commission payment;
8. Within 5 Business days from the date of SPA, the buyer bank issues Pre-Advice
Irrevocable, Transferrable, Revolving Letter of Credit to the Sellers nominated
bank for approval;
9. Sellers Bank within no later than 5 business days from the receipt of the PreAdvice Letter of Credit, confirms acceptability of the terms and conditions of the LC, or informs the Buyer if there are any amendment to be made;
10.Within 5 business days from the date of acceptance of pre-advised LC, Buyer sends
the operative Letter of credit to sellers bank which will be activated upon receipt
by the Seller Bank;
11.The Seller will guarantee delivery by issuing 1% (one Percent) performance bond, equivalent to 1% of the value of one month shipment to Buyer bank within no later than 5 business days from the receipt of operative LC;
Please Note: There will be no Performance Bond for Spot transactions, only
annual contracts;
12.After Seller bank confirmation of the correct receipt of the payment instrument,
the Seller emails the following complete POP documents to Buyer:
A. Vessel Q88
B. Authority to verify (ATV)
C. Certificate of taxpayer of the company
D. SGS Report
E. Deposit Receipt
F. Bill of Lading
G. Port Authorization Certificate
H. Packing List
I. Weight and Quality Certificate issued by the manufacturer
13.Shipment commence as scheduled in the SPA;
14.Upon loading of the cargo and presentation of original shipping documents to
buyes bank, the Buye bank release payment for total value of the Commercial
Invoice to Sellers bank via MT103, or, TT, no later than 72 hours of receipt of the
shipping documents;
15.Seller pays commission to all intermediaries involved in the transaction according to the signed NCNDA-IMFPA by TT Wire within 24 hours of Buyers payment.
Price is
FOB minus $10 per bbl
CIF minus $8 per bbl
EN590 10PPM FOB Rotterdam / Fujairah Tank To Vessel Refinery Tank To Vessel/dip & Pay Procedure 1. Buyer issues official ICPO addressed to the refinery or representative. 2. Seller issues Commercial Invoice (CI), buyer signs and returns the signed invoice to the seller. 3. Seller issues to the buyer the partial proof of product documents: ATSC - Authority to sell and collect Seller TSR DTA - Dip Test Authorization PRODUCT PASSPORT - Product analysis report from a renowned inspection company. Statement Of Product Availability Duly Signed AND Notarized By The Appropriate Authorities. Commitment Letter To Supply ATV Authority to verify the existence of the product via email or phone call. 4. Buyer obtains port and terminal access permit through the tank farm in order to gain access to conduct dip test 5. After a successful Dip Test in Sellerâ??s tanks, Buyer takes over seller's tank or Seller injects into buyer's vessel / Tank and buyer conducts its DIP TEST Inspection for Q & Q of the Petroleum Products aboard vessel / Tank. 6. Buyer after a successful Q &Q Dip test on the product, the buyer makes the payment for the total value of the product injected into the tanks through the means of MTI03 - TT. 7. Upon seller receives the payment for the product from the buyer, the seller issues to the buyer the Title ownership of the product and all exporting documents of the Product. The seller pays all intermediaries involved in the transaction
JET A-1 is an aviation fuel formerly known as kerosene which is suitable for most jet aircraft. It meets stringent international requirements, particularly those of the latest versions of the AFQRJOS, the British DEF STAN 91-91 standard, the ASTM D1655 standard, and the NATO F-35 specification. It has a minimum flashpoint of 38C and a maximum freezing point of -47C. JET A-1 is the principal fuel used for jet turbine engines. It is also used in general aviation for compatible diesel engine planes. Jet fuel or aviation turbine fuel (ATF) is a type of aviation fuel designed for use in aircraft powered by gas-turbine engines. It is colourless to straw-colored in appearance. The most commonly used fuels for commercial aviation are Jet A and Jet A-1, which are produced to a standardized 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 large number of different hydrocarbons. The range of their sizes (molecular weights or carbon numbers) is restricted by the requirements for the product, for example, the freezing point or smoke point. Kerosene-type jet fuel (including Jet A and Jet A-1) has a carbon number distribution between about 8 and 16 (carbon atoms per molecule); wide-cut or naphtha-type jet fuel (including Jet B), between about 5 and 15.
Appearance Clear and bright free from visible impurities Density 0775 0840 kgL at 15C Flash Point Minimum 38C Freezing Point Maximum 47C Viscosity Maximum 80 mms at 20C Sulfur Content Maximum 030 by mass Aromatics Maximum 25 by volume Net Heat of Combustion Minimum 428 MJkg Smoke Point Minimum 25 mm Copper Strip Corrosion Maximum 1 2 hours at 100C Thermal Stability Jet A1 must pass JFTOT test 260C Electrical Conductivity 50 to 600 pSm at the point of delivery
JET FUEL A1 The gold standard in aviation fuel, Jet A1 is renowned for its purity and reliability. Meeting stringent international standards, it powers aircraft worldwide with optimal performance and safety, making it the preferred choice for airlines and military operations. Delivery Terms: CIF / FOB Shipment. Payment Term: MT103 TT Wire Transfer. Quality : Q&Q test report will be conducted at the loading port by SGS equivalent at the expense of the seller. Products Origin: KAZAKHSTAN. Contract Term: 12 Months minimum after first successful trial (with rolls and extensions). PORT OF LOADING: JURONG PORT, SINGAPORE, AKTAU, PAVLODAR, KURYK, FUJAIRAH, VLADIVOSTOK, ROTTERDAM AND HOUSTON.
Property Specification Density @ 15 C 775 - 840 kg/m Flash Point Minimum 38C Freezing Point Maximum -47C Viscosity @ -20C Maximum 8.0 mm/s (cSt) Smoke Point Minimum 25 mm Aromatics Content Maximum 25% by volume Sulfur Content Maximum 300 mg/kg Hydrogen Content Minimum 13.4% by mass Total Acidity Maximum 0.015 mg KOH/g Electrical Conductivity 50 - 600 pS/m (if required) Lubricity (BOCLE) Minimum 0.85 mm Thermal Stability (JFTOT) Minimum 260�°C (Filter Pressure Differential: Maximum 25 mm Hg) Water Content Maximum 70 mg/kg
Jet A1
JET A-1 is a kerosene-type fuel. It is compatible with most jet aircraft, both civil and military, helicopter turbine engines, turboprops and compression-ignition piston engines. It has a boiling point of 150C-250C, a flashpoint over 38.0C (100F) and a maximum melting point of -47.0C.
- Quantity: 1,000,000BBL for trial shipment / max 10,000,000 BBL per month to increase if needed by Buyer - loading port: FOB Rotterdam / Houston / Fujairah / Jurong / Qingdao / Zhoushan - delivery: TTT / TTV - payment: CI DIP & Pay, MT103 - T/T wire transfer - period: trial shipment & 12 months, with roll & extension if needed by Buyer