AGREEMENT PROCEDURES
1. SELLER ISSUES SPA & PROFORMA INVOICE FOR BUYER TO REVIEW AND COUNTERSIGN.
2. WITHIN 3 BANKING DAYS BUYER ISSUE DLC MT700 AND AFTER RECEIVE AND CLEARED THE
SWIFT AT SELLERâ??S BANK, THEN THE SELLER SUBMIT THE 2% PERFORMANCE BOND WITHIN
5 DAYS AND PRODUCTâ??S POP ISSUING WITHIN 8-12 WORKING DAYS;
3. ONCE THE SHIPPING SCHEDULE IS ANNOUNCED, SELLER'S BANK SWIFT ALL POP
COPY/PRODUCT EXPORTATION TRANSACTION DOCUMENTS LISTED BELOW TO BUYER & BUYERâ??S
BANK:
A. CERTIFICATE OF ORIGIN,
B. FRESH SGS/CIQ REPORT, FOR QUANTITY AND QUALITY
C. Q88,
D. BILL OF LADING (BL)
E. ULLAGE REPORT
F. MANIFEST REPORT
G. VESSEL FORM C
H. NOTICE OF READINESS (NOR)
I. ESTIMATED TIME OF ARRIVAL (ETA)
4. UPON VESSELâ??S ARRIVAL AND FINALIZATION OF QUALITY & QUANTITY INSPECTION AT
DISCHARGE PORT, BUYER RELEASE PAYMENT SAME DAY FOR TOTAL SHIPMENT VALUE IN FAVOUR
OF SELLER AND RECEIPT OF THE ENTIRE RELEVANT SHIPPING AND NEW TITLE DOCUMENTS.
5. SUBSEQNACE NEXT PERIOD DELIVERY COMMENCED AS PER AGREEABLE LIFTING.
Jet A1 is a� kerosene-type fuel. Jet fuel or aviation turbine fuel is a type of aviation fuel designed for use in aircraft powered by gas-turbine engines. It is colorless 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. During the refining process only 8% of the crude oil is made up of Jet fuel.
QUOTATION FOR AVIATION FUEL JET A1 QUANTITY: 1,000,000BBL and above DELIVERY TERMS: CIF, TTO, FOB TERMS AND CONDITION Delivery: CIF, FOB, TTO Origin: Kazakhstan Inspection: Quality and Quantity inspection will Be Conducted at the Loading Port by SGS or equivalent Payment Method: DLC MT 700/ 760 /SBLC MT700/760 / MT103, TT wire. Shipment Method: Via Pipeline, Tanker Vessel, Bulk, Truck, and Rail Way Delivery Port: Any Safe World Port of Buyer Choice.
Jet A1 50,000 MT x Per month CIF MED PLATT - $3 Origin = Iraq Pipeline to Vessel Khor Al Zubair Terminal, Iraq. 1.Buyer Issues ICPO and CPA: The buyer issues an Irrevocable Corporate Purchase Order (ICPO), Charter Party Agreement (CPA) and Customer Information Sheet (CIS) to the seller. 2.Seller Releases Proforma Invoice: The seller releases the Proforma Invoice of receiving the ICPO, CPA and CIS from the buyer. 3.Buyer Signs PI and Provides NOR: The buyer signs and returns the Commercial Invoice to the seller along with their Notice of Readiness (NOR) from their shipping company, indicating their readiness to receive the fuel and the local Government can give the specific vessel right to export approval from the port. 4.Seller Issues PPOP Documents: The seller provides the Partial Proof of Product (PPOP) documentsâ??, including Product Quality Report Certificate of Origin Commitment to Supply Statement of Product Availability 5.Buyer Provides ATI and Q88: The buyer provides the Authorization to Inspect (ATI) and Q88 from their shipping company, confirming vessel details and readiness for loading. 6.Seller Provides Q&Q Report: The seller issues an unconditional Q&Q report From the Bureau Veritas, conducting at the seller's tank at their own cost to verify the quality and quantity of the fuel. 7.Injection Commences: The injection of the fuel commences from the seller's Tank/pipeline to the buyer's vessel. 8.Seller Issues Post-Injection Documents: Upon successful injection, the seller provides additional documents including Allocation License, Title Ownership Transfer Affidavit, and Tax Registration Certificate. 9.Buyer Makes Payment: The buyer makes 100% payment for the fuel via MT103/TT to the seller within 24 hours of successful injection. Once payment is received, all intermediaries are paid by the seller. The seller and buyer then sign a one-year delivery contract for future transactions. 10.As per our agreement, the Final Commercial Invoice (CI) will be provided by the Seller to the Buyer along with the Net Quantity of the Injected Cargo into the Vessel. Proforma Invoice (PI) Revision - The Proforma Invoice will be revised to reflect the final Net Quantity of the cargo after injection into the vessel.
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
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 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 - delivery: TTT / TTV - payment: CI DIP & Pay, MT103 - T/T wire transfer - period: trial shipment & 12 months, with roll & extension if needed by Buyer
AVIATION TURBINE FUEL JET A1/TS-1 KEROSENE Monthly Quantity: 1,000,000-5,000,000 Barrels CIF Price: Gross $88 USD per Barrels / Net $86 USD per Barrels (selling price negotiable) FOB Price: Gross $78 USD per Barrels / Net $76 USD per Barrels (selling price negotiable) COMMISSION: $1 SELLER SIDE / $1 BUYER SIDE