Product Name: Jet Fuel JP 54
Quantity: 1 000 000 Barrels
FOB Rotterdam
Diesel EN 590
Quantity: from 1, 200, 000 MT / year
Contract: 1 year contract
LCO, gasoline and other refining products by direct contracts
FOB Rotterdam
Also very deficient GAS position in a hub in Austria. Volume of the gas being 5-10 billion (urgent offer)
Below is detailed procedure for Rotterdam JET A1 fuel
1. Buyer issues ICPO according to Seller's Transaction Procedures with their banking details.
2. Seller issue commercial invoice of the product in tanks at the port; Buyer signs and return back the commercial invoice to the Seller along with MT199
3. Seller issue to buyer POP listed below and any more documents that the buyer need to verify the product:
a. GPS coordinate-tank storage receipt (valid for 72 hours on weekdays) (TSR) with scanned barcode.
b. Unconditional Dip Test Authorization Letter (DTA)
c. Authorization to Sell and Collect
d. SGS Report (Less Than 48 Hours old from Rotterdam branch)
e. Authorization to verify the product for physical verification (ATV)
f. Fuel injection Report at Rotterdam.
4. Buyer inspected by SGS on Buyer's expenses. (lf buyer choose to inspect again).
*In case Buyer is satisfied with the above POP, buyer have the opportunity to make payment by MT103 and after successful title transfer buyer will provide logistics ( TSR, ATV & ATI ) to move the product.
5. Upon successful verification of the full POP documents, Buyer orders SGS Intertek or its equivalent team to conduct a dip test on the product in the Seller's tank at Buyer's expense.
6. Following the completion of the dip test, Buyer provides his storage receipt ( TSR, ATV & ATI ) to Seller, injection commences into Buyer's leased storage tanks and upon completion Of full injection, Seller issues to the Buyer with full injection report.
7. Buyer makes 100% payment by MT 103 TT wire transfer for the total product value and the Seller transfers the title to the Buyer along with all documentations. The Seller pays commission to all intermediaries involved in the transaction within 24 hours upon confirmation of Buyer' s payment.
8. Seller issues draft sales purchase agreement (SPA) to the Buyer for review for R&E monthly deliveries.
9. Buyer reviews and approves the SPA and issues SBLC/IRDLC irrevocable, non-transferable auto revolving for 12 monthly shipment value and documentary letter of credit for length of the contract and for each lift per schedule. Buyer pays after dip test by MT103 wire transfer on each monthly quantity.
10. The subsequent delivery shall commence according to the terms and conditions of the contract.
Product origin- KAZAKHSTAN
Where the product available now STORAGE TANKS IN ROTTERDAM AND HOUSTON
Ready EN590 , FOB ROTTERDAM , 100-200,000 MT
price gross usd$670/ net usd$660
comission usd$10 ( buyer side $5/seller side $5 )
dip and pay 100%
no payment whatsoever before success dip test cargo
1. BUYER issues ICPO after receiving SCO
2. SELLER issues SPA and Commercial Invoice (CI). BUYER Signs CI and returns to the Seller with the TSA/CPA and information letter issued by bank buyer
3. SELLER issues to the BUYER below documents:
a) Official invitation letter top table meeting and inspection cargo and document
b) Allocation Certificate. c) Product analysis Report
d) ATV ( authorization to verify ) there is endors by port authority and tank storage company
e) Injection reports
f) DTA already endorses by the owner of the cargo and tank storage company , port authority
g) Pass permit issued by port authority to enter and invitation letter by tank storage company for enter do dip test
h) Clearn code
i) SGS report tank injection
j) TSR (tank storage receive)
k) Authorization to sell and collect
l) Statement of product availability
m) Commitment letter to supply
o) Certificate of origin
4. Sellerâ??s bank approves signed DTA along with FRESH SGS Report to BUYER to conduct Dip Test in Sellerâ?? sâ?? vessel
or Tank storage
5. Buyer conduct dip test cargo in Sellerâ?? sâ?? vessel or Tank storage
6. Buyer succes dip test cargo buyer pay 100% total cargo via TT WIRE MT103
7. SELLER Change title of the product in BUYER name
Jet Fuel A1 Fob Rotterdam from
Krgyzstan, Georgia or other Non-Sanctioned Countries.
Procedures
1.Buyer issues ICPO and other required documentation including pof for Sellers verification.
2. Seller issues Initial Commercial Invoice, Buyer signs and returns to Seller with his Tank Storage Agreement or CPA.
3. Seller provides buyer with FULL POP Documents: A. SGS Report- updated in past 48 hours
B. Unconditional Dip Test Authorization
C. Injection Report at Rotterdam
D. Tank Storage Receipt with GPS Coordinates
E. Tank Farm Bar-code Information
F. Letter of Commitment to Supply
G. Registration Certificate & Export License Copy
I. ATV â?? For Physical Verification without conditions
J. Product Injection Report at Rotterdam
k. Product Passport
L. Irrevocable Commitment to Supply for Spot and 12 months Contract
5. Buyer conducts Dip-Test in Sellers tanks, via SGS at Buyers cost;
6. Buyer provides TSR or Vessel storage for injection of product; Seller injects the fuel into Buyers tanks and Buyer makes payment Based on Q&Q by MT103 wire transfer / TT according to Sellers final Commercial Invoice.
7. Seller transfers the title of ownership as per Buyers instruction. Buyer lifts the product.
7. Buyer and Sellers pay their Consultants/Intermediaries or JV Partners involved in the transaction for this and subsequent monthly contract shipments as per terms and conditions of the sales and purchase agreement contract between buyer and seller.
8. Contract begins with Rolls and Extension
Now the BCL or POF or Soft Probe can be acceptable can be a call between bank to bank.
Attention the icpo
Nazih Abraham
Trans Global Energy Development Ltd,
Houston Texas,
USA
Solve the problem of tank farm costs in Rotterdam and Houston:
99.99% of new customers do not trust the availability of the goods, even despite the confirmation of the availability of the goods by the Russian Ministry of Energy and its notarized registration, which can be inquired.
Therefore, during the negotiations with some refineries, it was decided that the Refinery would pay for the tank farm, in return for which the buyer would have to pay a $ 1 million bank guarantee, and the seller would give the buyer 2% PB of the total contract.If the buyer is unable to buy, he loses $ 1 million, and if the seller is unable to provide, he pays a penalty of 2% of the total contract.
ICPO is ready for D6, JETA1, JP54
According our procedure
1-ICPO
2-SPA
3-Bank Guarantee
4-POP
5-Dip test
6-pay
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