- via JVA - $605 ICPO price + $40 ($20+$5+$5+$5+$5) - $2,5 open to by side intermediaries
or
- via NCNDA / IMFPA $605 ICPO price + $10 ($6+$1+$1+$1+$1) - $1 open to all buy side intermediaries including me (Rob), markup is possible if the buyer accepts it
Min. 100,000 mt Ã?? 12 (up to 300,000 mt possible)
Initial Verification Steps:
-Buyer submits LOI and CIS only
-Zoom call between buyer and sellerâ??s mandate
-Signing fee protection agreement, after that JVA or NCNDA/IMFPA depending which option the buyer chooses
-ICPO + CIS + BCL + Licenses + Vopak QR code
-CI from the Supplier and so on according to the detailed procedure below
After that Buyers and Seller's Vopak managers will handle (it's in the detailed procedure).
1. Buyer's issue ICPOwith full banking details & company profile.along TSA.
2. Seller issue commercial invoice to buyer.
3. Buyer signed/sealed and returns commercial invoice with letter of acceptance to seller within 24hrs.
4. Seller pays first 3 days of storage tanks in Buyer's Tanks Farm and after the verification of Seller's payment, Buyer pays other 2 days to complete together TSR 5 days in Buyer's tank farm in the name both companies. TSR to include GPS Coordinates oftank location along withNotice of Readiness (NOR)
5. Seller issues to the buyer the below PPOP documents:
a) Certificate of origin.
b) Schedule of injection.
c) Product Passport.
Prices range from 400USD to 520USD Depending on Location, Refinery and Market Prices.
