Virgin D6 Fuel Oil (d6)
Category: Petroleum
Product: VIRGIN D6 FUEL OIL (D6)
Origin : Kazakhstan
Intercoms : FOB, TTT, TTV
Spot Quantity: 50,000,000 GAL - 200,000,000.00 GALS
Monthly Quantity: 200,000,000 GAL - 800,000,000.00 GALS
FOB PRICE: USD $0.82 Gross / USD $0.78 Net per GAL
Loading port: Rotterdam, Houston, Fujairah & Singapore
Delivery Term: FOB
Payment terms: SWIFT/T/T WIRE transfer & MT103
Inspection: SGS, CIQ, Quality & Quantity Test Report and Similar
Commission: Buyer side $0.2 open and Seller Side closed
Delivery: FOB, TTV, TTT
Price: Pls ask
TTV SPOT FOB ROTTERDAM, HOUSTON AND SINGAPORE PORT
1. Buyer issues ICPO with Company letterhead containing Refinery working procedure With Banking details scanned copy of Passport data page for Refinery validation.
2. Refinery issues a Commercial Invoice of the product in tanks at the port, and the buyer signs and returns a Commercial Invoice to the Refinery.
3. Upon return of the endorsed CI, Trans Oil Gas, Too releases to the Buyer the following Partial POP documents:
a. Commitment Letter to Supply
b. Certificate of Origin
c. Tank Storage Receipt TSR.
d. Statement of Product Availability
e. Authorization to Verify ATV (Through call or email)
f. Authority to Sell and Collect (ATSC)
4. Buyer contacts the Refinery leased Storage Company through call or email and pays Two (2) day Tank Extension payment to enable Tank Clearance and for the Buyer to gain a port legal access permit to execute a dip test for quantity and quality inspection and fresh inspection / report by SGS Refinery Tanks. (THE TANK FARM WILL ARRANGE THE APPOPRIATE CLEANCE CODES)
5. Upon confirmation of the buyer securing tank clearance and port legal access permit to the product. The Seller issues Unconditional Dip test authorization letter (UDTA), Act of Transfer and Allocation Certificate for the buyer to proceed with the dip test. Buyer and his SGS Inspection team conduct a dip test on the product in Refinery tanks and get their Fresh SGS Report.
6. Upon the satisfactory result of the dip test, Refinery Storage Company issues to Buyer, the Notice of Readiness (NOR) to inject the product out if necessary.
7. The Buyer then makes arrangements to take over the tanks to inject the product into their Vessel.
8. Upon completion of the Injection, the Refinery releases to the buyer the below POP documents.
a. Pipeline Injection Report.
b. Product passport (Analysis Test Report).
9. Refinery /Buyer intermediaries complete and sign NCNDA/IMFPA agreements for processing and commission allocation
10. Upon confirmation of the above pop document by the Buyer they then make Arrangements to pay for the total costs via MT103 for the product injected into the Vessel.
11. Refinery pays all intermediaries involved in the transaction upon receipt of the payment within 48hrs and Transfers the Title of Ownership Certificate of the product to the Buyer.
PROCEDURE FOR SPOT FOB ROTTERDAM, HOUSTON, FUJAIRAH AND SINGAPORE PORT ON TANK TO TANK
1. Buyer Issues ICPO, Company Registration Certificate and Data Page of Buyer’s Passport Along With Their TSA.
2. REFINERY will issues Commercial Invoice (CI) and Warning Letter, Buyers Signs and Returns to Refinery. Refinery will complete Verification on the Buyer Tank Farm company Before making their Three (3) Days Tank Lease Payment.
3. Upon final Approval of the Endorsed Commercial Invoice (CI) and ICC Warning Letter, Seller issues to the Buyer the Below PPOP Documents:
• Commitment and Assurance Letter to Supply the Product
• Statement of Product Availability
• Product Passport Test Analysis Report
4. Refinery Leases and Pays the Buyer’s Tank for 3 Days for the Injection Process. Buyer Pays his Tank Farm Company for His Three (3) Days Tank Storage Costs, (Totaling A Six (6) Days TSR with the Hub and TAC Information). Depending On the Product and Quantity The Required Number of Days might need to be increased.
5. Seller issues Following POP Documents:
• Injection Report
• Certificate of Origin
• Tank Storage Receipt from the Sellers Tank Farm
• Authorization to Verify the Product in REFINERY Tank (ATV)
• Dip Test Authorization Letter (UDTA) – Unconditional
6. Buyer to Arrange Dip Test to Obtain Fresh SGS Report or Equivalent.
7. Refinery then provides The Remaining Document:
• Authorization to Sell and Collect (ATSC)
8. Refinery / Buyer intermediaries complete and sign NCNDA/IMFPA agreements for processing and commission allocation.
9. Buyer Conducts Dip Test on the Product at Buyers Expenses and Makes the Payment for the total Value of Product Injected into the Tanks through the Means of Mt103-TT.
10. Refinery pays Commission to Intermediaries via Wire Funds Transfer MT103 /TT Immediately upon receipt of Buyers Payment as per agreed and signed NCNDA+IMFPA.
11. Follows to every Buyers Lift in the future based in Commercial Invoice (CI)/ SPA Contract Signed by the Refinery and Buyer.
#Petroleum#FOB#TTV#TTT#Kazakhstan#Rotterdam#Singapore#Fujairah