PRODUCT : JET FUEL A-1
ORIGIN : TBA (NON-SANCTIONED COUNTRY) / KAZAKSTAN
QUALITY : INTERNATIONAL EXPORT STANDARD
TRIAL
QUANTITY
: 2 Mil Bbl. Thereafter 2 Mil to 5 Mil Bbl. per month
DURATION : 12 MONTH MINIMUM CONTRACT WITH ROLLS AND EXTENSIONS.
TERMS OF
DELIVERY
: FOB ROTTERDAM
PRICE for 12
Months
Contract
: NWE PLATTS – 5 USD/Bbl.
PRICE for Spot
Deal
: NWE PLATTS – 4 USD/Bbl.
Platts Code : PJAAV00
(https://www.spglobal.com/commodityinsights/en/oil/refined-
products/jetfuel )
COMMISSION : US $1.00
PAYMENT : SBLC / Transferable DLC / MT 103 / TT
INSPECTION : SGS / CIQ / INTERTEK / Equivalent
STANDARD SALES - PURCHASE TRANSACTION PROCEDURE
1. Buyer sends detailed ICPO with banking coordinates to the seller along with company
profile, company registration certificate & passport copy.
2. Seller issues a proforma invoice & SPA for execution to the buyer.
3. The buyer bank issues pre-advise via SWIFT MT 705 to the seller bank. This message is
a brief advice of the documentary credit, the full details of which shall follow.
(Note: DLC pre-advice is NOT an operative credit instrument.)
4. On SPA Acceptance and Signed, Seller will share one of the following documents
• Injection Report
• SGS Report (Verifiable Old SGS)
• Load Master Details for Cargo Verification (Physical)
5. On verification of the above documents Buyer issues SBLC/ BG/ DLC (Transferable) to
the seller’s bank & within 48 hours of Authentication of SBLC / BG / DLC, the seller will
send the below set of documents as under:
• Unconditional dip test authorization letter (UDTA)
• Authorization to sell and collect funds (ATSC)
• Injection report on Rotterdam shore tank
• Product passport (PP)
• Tank storage receipt Rotterdam including GPS, hub, bar-hub, bar-code, and all others
• Certificate of origin (COO)
• Authorization to verify product (ATV) – Physical
6. On successful verification and confirmation of the product, the buyer conducts a dip test
by SGS on the seller’s tank at the buyer’s expense.
7. Following the completion of the dip test, the seller injects the product into the buyer’s
tank*
8. Buyer makes 100% payment by mt 103, wire transfer for the total product value, and the
seller transfers the title to the buyer’s name and pays commission according to signed
NCNDA/IMFPA, seller and buyer directly sign one year.
*: If the buyer does not have a tank, then the buyer has the option for tank extension
(at buyer cost) for the number of days required after the dip test and make 100%
payment via MT 103 for title transfer.
*: Buyer shall Provide their Shipping agent details as well as Buyer must bear the
Port & Berthing Expenses.
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