1. Buyer accepts seller working procedure and issue ICPO to the End seller via Seller's representative.
2. Seller issues a commercial invoice and NCNDA and Buyer signs and returns commercial invoice on due date along with Buyer TSA.
3. The Seller issues following PPOP to buyer for evaluation:
â?¢ Statement of Product Availability
â?¢ Passport product analysis.
â?¢ Authorization to Sell and collect (ATSC).
â?¢ Letter of Guarantee
Upon buyer verification and confirmation of the above PPOP Documents, buyer provide signed TTTIA with his tank company to engage injection Programming.
4. Seller provides buyer with Injection program, Fresh SGS, Injection Report and ATV (Physical Verification) with Unconditional DTA for Dip Test in seller tank for product reconfirmation before injection to buyer tank.
5. Buyer makes 100% payment by MT103 TT wire transfer for the total product and Seller pays commission to all intermediaries involved in the transaction within 24 hours after confirmation of the buyer's payment.
6. Seller issues draft SPA to the buyer to review for R&E monthly deliveries.
7. Buyer reviews and approves the SPA and issues SBLC/IRDLC irrevocable, non-transferable, auto revolving for 12 months shipment value, documentary letter of credit for length of contract and for each lift per schedule. Buyer pays after Dip Test by MT103 Wire Transfer one each monthly quantity.
8. The subsequent delivery shall commence according to the terms and conditions of the contract.
9. Seller pays commissions to all intermediaries as per IMFPA/NCNDA 24 hours after receiving payment from the buyer.
TRANSACTION PROCEDURE: FOB CI DIP & PAY:
1. Buyer issue ICPO addressed to Seller's representative with Seller's procedure incorporated on it, buyer's company details, banking details, passport copy with letter confirming readiness, wiliness and capability to carry out the transaction.
2. Seller receives and verifies buyer's ICPO with other buyer's details. When satisfy with the verification, seller issue Commercial Invoice (CI) for the product in seller's tank in port terminal for buyerâ??s review and endorsement.
3. Buyer review, endorse and return the endorsed Commercial Invoice (CI) to seller, along with buyerâ??s Tank Storage Agreement (TSA) from buyerâ??s Logistic Company.
4. Seller verifies the genuineness and authenticity of the TSA. Seller issue to buyer the under listed PPOP documents;
Product Passport
Commitment Letter to Supply
Paraffin wax, colorless or white, somewhat translucent, hard wax composed of saturated hydrocarbons ,with a melting point in the range of about 48 to 66C (120 to 150F). Paraffin wax is obtained from petroleum by dewaxing light lubricating oil.
Paraffin wax is a petroleum by-product created when crude oil is refined into gasoline. Paraffin is the most commonly used wax for candle making. Paraffin wax has many other uses, too. It is often used as lubrication, electrical insulation, and to make candles and crayons. It is used in candles, wax paper, polishes, cosmetics and electrical insulators. It helps extract perfume from flowers, forms a base for medical ointments, and provides waterproof coatings for wood
Dear Sir/Madam I am Taufiqul Hakim Tsabit. We are direct with Russian refinery and we are ready to supply this product:
LIGHT CYCLE OIL (LCO)
Minimum liftable quantity: 100,000 MT, Maximum: 400,000 MT.
Monthly price: Gross $350.00 USD / $340.00 USD Net on CIF
Gross $340.00 USD / $330.00 USD Net on FOB Origin: Russia
Commission: $5.00USD buyer side / $5.00USD seller side.
Dear Sir/Madam I am Taufiqul Hakim Tsabit. We are direct with Russian refinery and we are ready to supply this product:
MAZUT M-100 GOST 10585-75/9
Minimum liftable quantity: 100,000 MT, Maximum: 400,000 MT.
Monthly price: Gross $350.00 USD / $340.00 USD Net on CIF
Gross $340.00 USD / $330.00 USD Net on FOB Origin: Russia
Commission: $5.00USD buyer side / $5.00USD seller side.
Dear Sir/Madam I am Taufiqul Hakim Tsabit. We are direct with Russian refinery and we are ready to supply this product:
FUEL OIL CST-180
Minimum liftable quantity: 50,000 MT, Maximum: 400,000 MT.
Monthly price: Gross $350.00 USD / $340.00 USD Net on CIF
Gross $340.00 USD / $330.00 USD Net on FOB Origin: Russia
Commission: $5.00USD buyer side / $5.00USD seller side.
Dear Sir/Madam I am Taufiqul Hakim Tsabit. We are direct with Russian refinery and we are ready to supply this product:
D6 VIRGIN FUEL OIL
Minimum liftable quantity: 100,000,000-GAL, Maximum: 400,000,000 GAL.
monthly price: Gross $0.72 USD / $0.70 USD Net on CIF
Gross $0.70 USD / $0.68 USD Net on fob Origin: Russia
Commission: $0.02 USD buyer side / $0.02USD seller side
Dear Sir/Madam
I am Taufiqul Hakim Tsabit. We are direct with Russian refinery and we are ready to supply this product:
AVIATIONKEROSENE JET FUEL COLONIAL GRADE JET A1
Minimum liftable quantity: 1,000,000 Bbl. Maximum: 4,000,000 bbl.
Monthly price: Gross $46.00 USD/ $44.00 USD Net on CIF
Gross $44.00 USD / $42.00 USD net on FOB Origin: Russia
Commission: $1.00USD buyer side / $1.00USD seller side
Dear Sir/Madam
I am Taufiqul Hakim Tsabit. We are direct with Russian refinery and we are ready to supply this product:
COLONIAL GRADE JP54
Minimum liftable quantity: 1,000,000 Bbl., Maximum: 4,000,000 bbl.
Monthly price: Gross $46.00 USD / $44.00 USD Net on CIF
Gross $44.00 USD / $42.00 USD Net on FOB Origin: Russia
Commission: $1.00USD buyer side / $1.00USD seller side
TERMS OF NEGOTIATION
INCOTERMS: CIF
PORT: ANY PORT
INSPECTION: SGS, CIQ OR SIMILAR
ACCEPTABLE PAYMENT TERM: SBLC MT760 MT103 T/T WIRE
We have Virgin Oil D6, Jet-A1/JP54 available in seller tanks. Interested buyers should contact for dip test and lifting.
The terms and procedure will be sent to the prospective buyer upon contact after which the buyer will establish direct communication with the seller/title holder.
