FOB TRANSACTION PROCEDURES
1. Buyer Issues ICPO, Company Registration Certificate and Tank Storage Agreement(TSA)for
seller approval.
2. Seller issues COMMERCIAL INVOICE (CI), STATEMENT OF PRODUCT AVAILABILITY, and
COMMITMENT to SUPPLY the available quantity in the Storage Tank and then program the
injection. THIS USUALLY DEPENDS ON THE LOCATION.
3. Buyer countersigns Commercial Invoice (CI) & Warning Letter with NCNDA/IMFPA signed
by all Buyer groups with commission structures.
4. Send the below proof of product (Documents) via email If Necessary.
Fresh SGS (Q&Q report) less than 48 hours.
Tank storage receipt. (TSR).
Authorization to verify (ATV).
Injection report Shore Tank (IR).
Certificate of Origin.
Product passport.
Authorization to Sell and collect (ATSC).
5. After the successful verification of the product existence, buyer order SGS to conduct their
Dip-Test in the seller tank on buyer expense and then issues buyer.
â?¢ Unconditional Dip Test Authorization (UDTA).
â?¢ ATSC authorization to Sell/Collect.
â?¢ Title of Ownership Certificate, (on seller expense).
6. Upon the successful dip test, Buyer presents their tank storage receipt (TSR), Seller issues
all export Documentation.
7. Buyer makes payment by MT103 or TT wire transfer for the total product and lifts the
product and seller pays all Intermediary involved on the transaction.
Diesel En590 10-50-500-5000 And Others Ppm Ultra Low Sulphur.
D2 0,2-62 Gost 305-82 Or 0,01 Or 0,05.
D2 Automotive Fuel Oil (ago).
D6 Virgin Fuel Oil.
Hsd Diesel High Speed 500ppm En90.
Diesel En590 Euro4 Gost 52368.
Pms Premium Motor Spirit
Jp54 (ts1) Gost 10227-86.
Jet Fuel A1 Gost 10227-86.
Marine Fuel Oil Cst 180-280-380.
Espo (siberia Pacific Oil) Crude Oil Api 34,7.
Lco (light Cycle Oil).
Mazut Mt100 Gost 10585-75 And 10585-99.
Rebco Gost 51 858-2002/9965-76 Api32/crude Oil 39-1623-93.
Lpg 50/50 Propane/butane - 70/30 P/b.
Lng 5542-87 By Iso Containers Etc.
Gasoline All Types (87-89-92-95).
Bitumen/asphalt All Grades.
Fertilizers Urea, Dap, Etc
Product Description :
Petroleum products are materials derived from crude oil (petroleum) as it is processed in oil refineries. ... These fuels include or can be blended to give gasoline, jet fuel, diesel fuel, heating oil, and heavier fuel oils..
Price of product ( USD price or FOB price) :
20.000 MT monthly market price.
100.000 MT monthly market price Less 5%.
Product origin : Russia and Non Russia
Key Specifications/Special Features :
All types/grades of Fuels, Gas, Oil are available for supply.
Many commercial names for oils, fuels, gases, etc. are used in the market.
To avoid misunderstanding basic details of specifications needed by buyer are mandatory.
Specifications for types/grades of products (special grade needed by buyer) will be issued after received your credible purchase request in the form LOI/ICPO docs.
Minimum Order Size and Packgaing details :
Bulk in tanker vessels.
Tanks 20 MT.
En590 10ppm Diesel
Vopak-to-vopak Procedure:
1- Buyer Sends Cis + Cp
2- Conference Call /meeting Between Buyer & Seller Where Both The Parties Exchanges
Vopak Tank Coordinates
3- Seller Release Ci, Buyer Counter Signs
4- Seller Releases Full Pop With Fresh Sgs Report
5- Buyer Makes Full Payment Via Mt 103
6- Seller Transfers Title To Buyer
7- Buyer Pays Commission To Intermediaries
8- Seller Issues Spa Contract For 12 Months
Platts {-} Minus 50 U$d Nwe And U$d 10.00 Commission Payable By The Buyer. Hence Net Cost To
The Buyer Will Be Nwe Platts {-} Minus 40 U$d
Product: En590-10ppm
Quantity: 100,000 Mt
Availability: Fob Rotterdam {vopak Tank/s}
Monthly Deliveries In Annual Contract
Conditions: Ncnda { Attached} And Intermediary Services CONTRACT {ATTACHED} will be signed
by the Buyer once their CIS + CP is accepted by the Seller.
EN590 FOB TTV Seller Procedure
Origin : Kazakhstan
Loading port: Singapore port
UNIT PRICE : USD 490/MT
PAYMENT TERMS : MT103
TRANSACTION TERM : FOB
1. Buyer accepts seller working procedure and issue ICPO
2. Seller's 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. ( Note* One day extension fee is 78,000 usd and will be deduct when buyer is paying total amount )
5. After successful DIP test, (NCNDA/IMFPA) will be signed by all parties.
6. Seller injects product into Buyer's vessel or injects into Buyer's 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 and proceeds with the signing of contract with Buyer.
Origin: Kazakhstan and Georgia. Avaliable for CIF AWSP and FOB Rotterdam and Houston.
EN590 10 ppm is a specific type of diesel fuel that is commonly used in various industries and transportation sectors. It is a premium grade diesel fuel with low sulfur content, making it more environmentally friendly compared to traditional diesel fuels.
The "EN" in EN590 stands for "European Norm," indicating that this fuel conforms to the standards set by the European Union for diesel fuel quality. The number "590" refers to the specification number for diesel fuels in the EN standard.
The "10 ppm" in EN590 10 ppm refers to the maximum allowable sulfur content in the fuel, which is 10 parts per million (ppm).
Incoterm: Houston, Texas, USA
ready to sell: 50,000 MT & 100,000 MT
Origin: Kazakhstan
Seller: A big group company from Canada
Annual contract: TBD
Price: US $535 MT
Payment: MT-103/TT
SGS or equivalent
It can be a contract for a year
1. Buyer issues Irrevocable Corporate Purchase Order (ICPO).
2. Seller issues draft (MOU) agreement and Commercial Invoice to Buyer countersign and return to seller.
3. Seller sends to Buyer the following documents for Buyer's confirmation.
BILL OF LADING
ESTIMATED TIME OF ARRIVAL
Q&A ANALYSIS REPORT
PAYMENT INVOICE FOR TITLE TRANSFER
CARGO MANIFEST
STATEMENT OF AVAILABILTY CERTIFICATE OF ORIGIN
4. Buyer confirms the POP documents.
5. Buyer issues their Bank Guarantee MT/760 Stand By document and receives Q88.
6. Buyer's representative or Agent and the Ship Captain will agree on a meeting point for inspection. Seller will issue the Authority to Board (ATB), Authority to Verify (ATV). Dip-Test Authorization (DTA) for the Buyer's inspection team to carry out their inspection.
7. Upon successful completion of Dip-Test inspection the Buyer makes the balance payment by MT 103 Wire Transfer to the Seller's bank account. Seller transfers the Title of Ownership Certificate to the Buyer as the legitimate owner of the goods.
8. Trans-loading commences immediately.
9. Seller will release payments to the intermediaries involved within 48 hours after receiving the Payment for the product from the Buyer's bank.
CONTRACT TERMS
1. Seller and Buyer signs contract for 12 months shipment if required.
2. Buyer issues their Bank Guarantee SBLC MT760/DLC MT700 to Sellers Bank
3. Monthly Shipment commences to Buyer's Discharge Port as stipulated in the contract
European standard diesel fuel suitable for automotive and industrial applications with controlled sulfur content.
Specifications
Specification: 10PPM, 500PPM
MOQ: 20,000 - 50,000 MT/Month
Technical Details:
Cetane Number: 51 min
Sulfur Content: 10 or 500 ppm max
Density at 15C: 820-845 kg/m
Flash Point: 55 C min
Trading Details
Origin: Republic of Kazakhstan
Incoterms: CIF/FOB
Loading Ports: Port of Aktau, Rotterdam, Houston, etc.
Payment Guarantee: SBLC, DLC
Payment Terms: MT103 or TT
Performance Bond: 2% PB
Contract Term: 12 months minimum (with rolls and extensions)
Inspection: SGS, CIQ or similar
