Description
EN 590 is a Europeangrade diesel fuel specification that defines the physical properties and quality standards of automotive diesel used across Europe and other global markets It complies with strict environmental and performance regulations particularly regarding sulphur content ensuring efficient combustion and reduced emissions
Key Features
Sulphur Content Max 10 parts per million ppm UltraLow Sulphur Diesel ULSD
Cetane Number Minimum 51 ensures efficient combustion and reduced engine noise
Density 15C 820845 kgm
Flash Point Minimum 55C ensures safe handling and transportation
Distillation 95 recovered Max 360C
Aromatics Content Max 11 vol
FAME Content Biodiesel Up to 7 in compliance with EN 14214
FOB: PROCEDURE TANK TO TANK (TTT)-2
NON-NEGOTIABLE
F.O.B. FREE ON-BOARD TANK TO TANK PROCEDURE (DIP AND PAY)
1. Buyer issues ICPO and Company Registration Certificate or any I.D. With TSA for
seller's verification.
2. Seller issue Draft Commercial Invoice, Buyer signs and returns to Seller with his Tank
Storage Agreement.
3. Seller lease and pays the buyer's tank for 3 days for the tank to tank Injection Process,
Buyer do pay his Tank Farm Company for 2 days after the Tank Farm Company has received
the payment from Seller Company. (Note: If buyer has existing TSR and or buyer can provide
TSR after the sign of commercial invoice on its own, there will be no need for joint payment
for the buyer tanks.
4. Seller provides buyer with FULL POP Documents:
Fresh SGS Report less than 48 hours
Dip Test Authorization-Unconditional
Injection Report
Storage Receipt with GPS Coordinates
Tank Farm Bar-code Information
Letter of Commitment to Supply.
Registration Certificate & Export License Copy
Authority to Sell & Collect (ATSC)
Endorsed Injection Schedule by the buyer & buyer Tank Farm
ATV - For Physical Verification
Irrevocable Commitment to Supply for Spot and 12 months Contract
Injection Schedule signed by buyer & buyer's tank farm
5. Buyer conducts Dip-Test in seller's tank; via SGS on buyer's cost seller inject the fuel
into buyer's tank and Buyer makes payment based on Q&Q by MT103 wire transfer / TT
according to the final Commercial Invoice.
6. Seller transfers the title of ownership as per Buyer's instruction. Buyer lifts the
product.
7. Seller pays all intermediaries involved in the transaction and subsequently monthly
contract shipment continues as per terms and conditions of the sales and purchase
agreement contract between buyer and seller
We are pleased to announce the availability of ULSD/EN 590 with a special discount off the US GCP Platts price (Code: AATGY00) Minus 2$/Bbl
Transaction Details & Terms:
Quantity: ~300,000 - 1,500,000 barrels per month
Location: Terminal Pajaritos
FOB Ports: Veracruz or Salina Cruz
All export taxes paid by the seller
ITOE has the ability to directly acquire all petroleum products from Petroleos Mexicanos (PEMEX or PMI). PEMEX operates a total of six refineries in Mexico, along with one located in Deer Park, Texas.
FOB TRANSACTION PROCEDURE
1. Buyer issues ICPO alongside with BCL (To name of Seller) and Buyer
Company Registration, Company Profile, CPA / TSA.
2. Seller issues Commercial Invoice (CI) for the available quantity in the Seller Storage
Tank to the buyer. The Buyer signs and returns the CI to the seller with proof of funds
(POF) assigned to Sellers Attorney to expedite this transaction.
3. All Parties sign IMFPA and return for the Seller's Bank acknowledgment.
4. The Seller issues the POP documents as below and sends them to the Buyer:
A. Commitment to Supply
B. Certificate of Origin
C. Product Passport
D. Unconditional DTA
E. Fresh SGS (not older than 48 hours)
F. Tank Storage Receipt (TSR)
G. Injection Report
5. Upon Successful Dip Test Inspection in Sellers Tank, Buyer submits the
Tank Farm or NOR from his Shipping Company, and Seller injects the product into the
6. Within Twenty-Four (24) hours, Buyer issues 100% (MT103/TT) wire transfer
payment to the seller.
7. Seller pays commission to all the intermediaries.
8. Seller transfers the product title with the complete POP Documents to the Buyer and
pays the commission to the Intermediaries as per Master Fee Agreement.
9. Monthly contract to supply commences (12 months). For the contract, a revolving
IRDLC / SBLC will be required to be issued for the full term of the contract.
- Buyer must provide ICPO
- Buyer must provide MT199 as proof they can do the deal (this is non negotiable)
- Once the MT199 is provided buyer gets everything they need to verify the product, including full POP, with ATV (authority to verify, so they can engage the tank farm) and ATD (authority to dip)
- If they have an existing SGS account, they will do this for them same day .
SGS will then provide a full report
- CI sent to buyer and transaction completes
EN 590 10 ppm
1. Meeting at the office in with our partners, if necessary, they will conduct a tour of the plant
2. BCL display
3. I will put the volume on the partner's company
4. POP output
5. Checking the resource
6. Payment
7. Setting up the ship, loading the resource
The price of Gulf ARA is $ 35(in MT, 7.5%).
The volume is generally 100.
Quantity: 100 000 - 1 000 000 METRIC TON Per month. Quality : 10 Ppm. Delivery : FOB FUJIRAH. FOB : $ 510 Per MT Gross / $ 490 Per Metric Ton Net. CIF : $ 530 MT Gross / $ 510 Per Metric Ton Nett.For payment of our goods. We use a bank escrow account of the ESKROW type. In order to start cooperation. Please send us a letter of intent ( LOI ). Company profile ( CP ) , to receive a soft corporate offer ( SCO ). We will prepare insurance costs and terms of delivery ( CIF ). We provide security and trust.
