offer Jet Fuel A1
Category: Petroleum
Product: Jet Fuel A1
Origin : Kazakhstan
Intercoms : FOB, TTT, TTV
Trial Quantity: 2,000,000 BARRELS
Contract Quantity: 2,000,000 BARRELS X 12 MONTHS
Price on FOB: $76.00 US$ PER BARREL
Loading port: ROTTERDAM AND JURONG
Payment terms: SWIFT/T/T WIRE transfer & MT103
Inspection: SGS
Commission: Buyer side $1 open and Seller Side closed
Delivery: FOB, TTV, TTT
Price: Pls ask
FOB TANK TO VESSEL TTV PROCEDURES
1.Buyer issues ICPO addressed to Seller with Seller's procedure Incorporated on it, with banking details and scanned copy of buyer's passport along with Charter Party Agreement (CPA), for sellers verification.
2.Seller issues Commercial Invoice (CI) for the available products in Tank at the port, for Buyers review and endorsement and return to seller.
3.Seller issues to buyer Tank-to- Vessel Injection Agreement (TTVIA) to be endorsed by both Seller, Buyer and Buyer's Logistics Company. And NCNDA/IMFPA signed by all intermediaries involved in the transaction with commission structure and sends to seller for Endorsement and Notarization.
4.Upon returned of the endorsed TTVIA, Seller release to buyer the following PPOP documents:
a) Copy of Tank Storage Receipt (TSR)
b) Copy of Commitment Letter to Supply
c) Copy of Export License
d) Copy of Authorization to Verify (ATV) by call or email
5.Buyer contacts the Seller's Storage Company to verify the availability of the product and to obtain Terminal access permit code (TAPC) to enable buyer and his team conduct dip test on the product in the Tank.
6.Seller upon confirmation of buyer securing legal access to the product, issues Dip Test Authorization (DTA) for Buyer to proceed for the dip test.
7.Upon Satisfactory result of the dip test on the product by the Buyer and his team, Seller's Storage Company issues to Buyer the Notice of Readiness (NOR) to inject the product.
8.Buyer issues Q88 and make available the Vessel for Injection process to commence as schedule.
9.Upon completion of the injection, Seller releases to buyer the below POP documents
a) Copy of product SGS Report
b) Copy of Injection Report
c) Copy of Authority to Sell and Collect (ATSC)
d) Copy of Product passport (analysis test report)
e) Copy of Certificate of Origin
f) Seller and Seller's Bank legalize and register the signed NCNDA/IMFPA and send a copy to the
intermediaries representative to secure commission payment.
10.Buyer immediately pays for the total cost of the product value injected into the vessel through MT103 TT Wire Transfer.
11.Seller within 24 hours of Buyer's payment, pays commission to all intermediaries involved in the Transaction according to the legalized NCNDA/IMFPA.
1. The Buyer Issue an ICO. Containing the sellers work procedures and Banking Details along with TSA (TANK STORAGE AGREEMENT), Buyer Certificate of incorporation, Company Profile (CP) and International Passport Copy.
2. Seller issues commercial invoice of products in tank at port, buyer signs and returns commercial invoice with acceptance letter stating to adhere to seller procedure.
3 Seller Issue ICC Warning Letter to Buyer to sign and return within 3 International Working Days.
4. The seller issues a copy of the SGS Report strictly to the buyers Tank farm Company only to verify the SGS Report.
5. After confirmation of successful verification of SGS Report only by Buyers Tank Farm Company. The Seller rents and pays the Buyers tank for the first 3 days and the Buyer pays his Tank Company for 3 Days after his Tank Company receives payment from the Seller Company.
6. All Parties must sign NCNDA and IMFPA for endorsements.
7. The seller issues the following POP documents to the buyer; the buyer performs a Dip test on the product and makes payment for the total value of the product injected into the tank via MT103 -TT:
(a) SGS report for quality and quantity at shore tank not older than 48 hours
(b) Product Certificate of Origin
(c) Product injection report at shore tank
(d) Tank storage receipt with full GPS coordinates
(e) Unconditional dip test authorization letter
(f) Authorization for physical verification of product at Sellers tank.
(g) Authorization to sell and collect (h) NCNDA-IMFPA agreement
(i) Q&A
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 Authorized by Sellers Bank and then monthly remittance is continued as per terms and terms of the contract of sale and purchase agreement between the buyer and seller.
#Petroleum#FOB#TTV#TTT#Kazakhstan#Rotterdam#Jurong