Commodity: Diesel Gasoil EN590 10PPM
ORIGIN: THE REPUBLIC OF KAZAKHSTAN
QUANTITY: 100,000 MT FIRST TRIAL SHIPMENT & 300,000 MT X 12 MONTHS WITH ROLLOVERS
& EXTENSION
PRICE: $550.00USD GROSS/$530.00 USD NET PER MT.
Delivery: Tank to Tank
Origin: Kazakhstan
Loading Port: Rotterdam/Houston/Fujairah
Inspection: SGS Payment: MT 103 Swift Bank to Bank on Invoice
FOB TTT PROCEDURE
1.The Buyer Issue an ICPO. Containing the seller's work procedures and Banking Details along with TSA (TANK STORAGE AGREEMENT), Buyer Certificate of incorporation, CompanyProfile (CP) and International Passport Copy of the CEO.
2.Seller issues ICC Warning Letter and Commercial Invoice (CI) of products in tank at port, buyer signs and returns the documents with acceptance and commitment letter stating to adhere to seller procedure.
3.The seller issues a copy of the SGS Report strictly JUST to the buyer's Tank farm Company only to verify the SGS Report.
4.after confirmation of successful verification of SGS Report only by Buyer's Tank Farm Company.The Buyer pays his Tank Company for 5 Days TSR and sends his TSR to the Seller. All Parties must sign NCNDA and IMFPA for endorsements.
5.The seller issues the following POP documents to the buyer;
(a)SGS report for quality and quantity not older than 48 hours
(b)Product Certificate of Origin
(c)Product injection report
(d)Tank storage receipt with full GPS coordinates
(e)Unconditional dip test authorization letter
(f)Authorization to sell and collect
(i)Q&A
6.After verification of the documents, the injection will be commenced and after injection the
buyer makes payment for the total value of the product injected into the tank via MT103-TT.
7.After receiving confirmation of Buyer Payment, the seller immediately transfer the title
ownership to the buyer.
8.Seller sends payment of all intermediaries involved in the transaction 24 hours after
receiving confirmation of Buyer Payment as per signed & sealed NCNDA/IMFPA which is
notarized by Public Notary in Kazakhstan and then monthly remittance is continued as per
terms and terms of the contract of sale and purchase agreement t between the buyer and
seller.
