Dip and pay procedure for Aviation Fuel Jet A1 - FOB Rotterdam
Product
AVIATION FUEL JET A1
Price:
NWE Platts less USD 4.00 per barrel (Gross) / USD 3.00 per barrel Net to Buyer. Discount is against Three (3) days' average price of NWE Platts price (one day before SGS report, the day of SGS report and one day after SGS report), with a commission of USD1.00 per barrel to both sides.
Quantity:
Minimum 500,000 bbl then up to 4,000,000 bbl per month x 12 months
Commission:
US$1.00 per bbl paid by SELLER shared
â?? Sell Side US$0.50 per bbl (CLOSED)
â?? Buy Side US$0.50 per bbl (OPEN) shared as per completed NCND/IMFPA.
Origin:
Russian Federation
Delivery:
FOB Rotterdam
PROCEDURE
Step 1
Buyer issues LOI along with company profile and a copy of company registration certificate.
Step 2
Buyer signs NCND/IMFPA and it is passed to Seller side to sign and notarise.
Step 3
Seller verifies the Buyerâ??s CP and company registration that company is authentic and Seller issues commercial invoice (CI).
NB: It is important that the Buyer is verifiable and authentic in order for Seller to issue CI.
Step 4
Buyer signs CI and returns the signed commercial invoice to the Seller with a scanned copy of the Buyerâ??s passport and the Tank Storage Agreement (TSA) as proof of storage availability as well as being READY, WILLING AND ABLE to accept product and/or shipping documents for vessel.
Step 5
Upon approval of the Buyerâ??s TSA, Seller issues the following documents to the Buyer;
TSR, ATS and DTA letter to enable Buyer and Buyer tank farm to activate DTA letter and conduct dip test in Sellerâ??s tank via SGS team.
Seller will provide the following POP to the Buyer:
A. Commitment letter to supply issued by Russian Refinery
B. Statement of product availability issued by the refinery
Issue a notice of readiness to inject 500,000 barrels. The injection schedule is issued by Transneft.
C. ATS and ATV
D. TSA and TSR in Rotterdam
E. Injection Report
F. DTA (Dip Test Authorisation letter) authorising Buyer to carry out dip test in Sellerâ??s tank in Rotterdam (Buyer to pay SGS for dip test)
Step 6
Buyerâ??s SGS team performs dip test (paid by Buyer) and obtains fresh SGS report containing product Q & Q and provides a copy to the Buyer and Seller. Upon confirmation of product Q & Q by the Buyer, Seller injects the product into Buyerâ??s tanks.
Step 7
Buyer pays via TT/MT103 in exchange for a title that will include all product ownership title documents.
Step 8
Seller confirms Buyerâ??s payments and releases payment to all intermediaries on each side that are involved in the transaction.
Step 9
Contract begins with rolls and extensions if agreed upon.
We trust you will find this offer acceptable and look forward to your prompt response to secure the offer.
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
Available stock in Rotterdam tank farm for jet fuel A1: CI DIP AND PAY FOB PROCEDURE 1. Buyer sends ICPO, Company Profile along with current and valid TSA company registration certificate+ buyer passport number + company profile to seller on receipt of seller's soft corporate offer. 2. Seller issues commercial invoice of the product in tanks at the port of Rotterdam and returns commercial invoice. 3.seller will provide the Proof of Product (PPOP) documents for product verification Which include Tank Storage Receipt (TSR) Certificate of origin Statement of Product Availability, Authorization to Verify (ATV), and Dip Test Authorization (DTA) Letter. 4.After successful verification of the PPOP, the buyer will contact the seller's Tank Storage Company to request a 1-day payment invoice to enable Buyer obtain all the necessary authorization and clearance for a Dip Test schedule. *Or* Buyer must have a minimum of 10 days TSR to avoid one day tank extension. 5.Upon a successful Dip Test conducted in the seller's tanks, the buyer will make the payment for the total product cost based on the SGS Report via MT103. The seller will transfer title ownership to the buyer and send all exportation documents. The buyer can then either transfer the product into a vessel or take over the seller's tanks for further storage. 6. Upon a successful Dip Test conducted in the seller's tanks, the buyer will make the payment for the total product cost based on the SGS Report via MT103. The seller will transfer title ownership to the buyer and send all exportation documents. The buyer can then either transfer the product into a vessel or take over the seller's tanks for further storage. 7. All intermediaries involved in the transaction will sign a Non- Circumvention, Non-Disclosure Agreement (NCNDA) and International Master Fee Protection Agreement (IMFPA). These documents will be forwarded to the seller for endorsement, and the seller will provide the Endorsed NCNDA/IMFPA and Authorization to Sell and Collect (ATSC).
TTT procedure: EN590 10pm price $460/MT, Jet fuel A1 price $76/BBL (1) FREE ON-BOARD TRANSACTION PROCEDURE - (TANK TO TANK). Rotterdam, Houston, Fujairah, Jurong, Ningbo-Zhoushan 1. Buyer issues an official ICPO with the seller's procedure, passport copy, banking details along with their Tank Storage Agreement "TSA". 2. Seller issues their Commercial Invoice "CI" to the buyer, Buyer signs and returns the commercial invoice to the seller along with an Acceptance Letter of the sales and purchase procedure. 3. Seller verifies the buyer's storage facility and their Tank Storage Agreement (TSA) with the port authority. (NB: Seller will issue a Tank-to-Tank Injection Agreement (TTIA) to be signed by all parties only if buyer's TSA is engaged, not active or cannot be verified with the local port authority). 4. Seller issues all POP documents below to the buyer upon a successful verification and approval of the buyer TSA or after receiving the TTIA fully signed by all parties: a. Injection Report. b. Product Passport. c. 24 Hours SGS Report. d. Product Certificate of Origin. e. Tank Storage Receipt (TSR). f. Authorization to sell and collect. g. Unconditional Dip-Test Authorization. h. Product Title Holder Transfer Agreement. i. NCNDA/IMFPA. 5. If required buyer may inspect by SGS (Dip Test In Tanks) at buyer's expense. 6. Upon successful verification of POP or Dip Test in the seller's tank, buyer provides Tank Storage Receipt (TSR) to seller in order to issue the scheduled Injection Programming (IP) to be signed by buyer storage facility and then injects the product into buyer's tanks. 7. Buyer makes the payment for the product via MT103, seller transfers the Title Holder & Ownership of the product to the Buyer. 8. After successful Trial Lift (First Lift), Seller issues SPA/Contract for 12 months with R&E to Buyer for processing. 9. Seller pays commissions to all intermediaries involved, for the initial lift and all subsequent lifts according to the signed NCNDA/IMFPA.
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.