Petroleum Products

PETROLEUM PRODUCTS

*ORIGIN: KAZAKHSTAN.*

*PORT: ROTTERDAM ONLY.*

*SELLER WILL PAY FOR YOUR OWN TANK STORAGE IN ROTTERDAM!*

*PRODUCTS:*
JET FUEL A1:$75/$70.
EN 590 10PPM:$480/$465.
D6: $1.08/$1.05.
D2: $480/$465.
LPG/LNG: $480/$465.
MAZUT: $480/$465.


*FOB TANK TO TANK ROTTERDAM PROCEDURE ONLY!*

1. Buyer issues official ICPO, Company Certificate of Registration, Buyer's passport data page, and Letter of acceptance stating to adhere to seller's transaction terms and procedures.

2. Seller issues Commercial Invoice (CI), and Warning Letter (Optional) to buyer.

3. Buyer signs and returns the Commercial Invoice within 3 working days alongside Tank Storage Agreement (TSA).

4. Seller provides the below soft performance POP documents to buyer;

(A) Statement of Product Availability.
(B) Commitment to Supply.
(C) Product Origin Certificate.

5. Seller's logistic team verify buyer's provided Tank Farm and pay 2 days on buyer's tank farm, and after confirmation of the fund by buyer's tank farm, buyer pays the remaining 3 days to his Tank Farm company to obtain 5 days TSR (This is a proof of readiness between both parties).

6. Upon receipt of the TSR, the seller issues the POP documents;

(A) Fresh SGS Report.
(B) Seven (7) days Unconditional DTA.
(C) Port Injection Report.
(D) Product Passport.
(E) Tank Storage Receipt (TSR).
(F) Authority to Sell and Collect.
(G) NCNDA/IMFPA Agreement.

7. Upon successful verification of POP documents, the buyer orders the SGS team to conduct the Q&Q Test on the product in the seller's tank at the buyer's expense.

8. Following the completion of the Dip Test with result consistent to the specification on the Commercial Invoice (CI), the Buyer provides ATI and seller injects fuel into buyer's leased tanks.
Seller submits the full Injection report to the buyer.

9. Buyer makes 100% payment by MT 103 TT wire transfer for the total product, and the seller pays commission to all intermediaries involved in the transaction within 24 hours after confirmation of the buyer's payment.

10. Seller issues draft SPA to Buyer to review for Roll & Extension monthly deliveries.

11. Buyer reviews and approves the SPA and issues SBLC/IRDLC Irrevocable, nontransferable, auto revolving for 11 monthly shipment value and Documentary letter of Credit or Standby Letter of Credit for length of contract and for each lift per schedule.
Buyer pays after dip test by MT 103 wire transfer on each monthly quantity.

12. The subsequent delivery shall commence according to the terms and conditions of the contract, and intermediaries receive their commissions according to monthly deliveries.