Jet A1 (Kazakhstan origin): $77 Gross/$75 Net per BBL FOB Rotterdam/Houston
Trial: 1 M BBLS
Monthly: 2 M BBLS up to 4 M BBLS
EN590 10ppm (Kazakhstan origin): $560 Gross/$550 Net per MT FOB Rotterdam/Houston
Trial: 100,000 MT
Monthly: up to 500,000 MT
I. PROCEDURES ON FOB ROTTERDAM / HOUSTON DIP/TEST
1. Buyer issues his ICPO containing the seller's working procedure with company profile, company registration certificate, banking details and scanned copy of buyer’s passport.
2. Seller issues a commercial invoice for first lift quantities for party’s signatures and endorsement. Buyer signs and returns to Seller.
3. Buyer signs and returns to Seller, and Seller issues PPOP:
a) Refinery Commitment to Supply;
b) Statement of Product Availability;
c) Seller’s Expired TSR;
d) ATV to contact either by (Phone or Email).
4. Upon Buyer confirmation of the above PPOP documents, The Buyer extends seller's tank storage for 2days payment to obtain 2days TSR in Buyer’s name to enable Seller provided the UDTA for Buyer to conduct dip test in Seller’s tank.
5. Seller /Buyer and Tank Farm sign the TTIA to commence injection into Buyer tank storage or Vessel. Buyer pays 100% via MT103 T/T WIRE TRANSFER for the total value product.
6. Seller provides all relevant documents to Buyer for the purchase of the product.
7. Seller pays commission within 48 hours by swift MT103 to all intermediaries as signed NCNDA/IMFPA.
II. BUYER TANK COST SHARING (FOB ROTTERDAM & HOUSTON)
1. Buyers issues ICPO with full banking details & Company Profile.
2. Seller issues Commercial Invoice to buyer.
3. Buyer signed/sealed and returns commercial invoice with letter of acceptance to seller within 24hrs.
4. Buyer provides seller with TSA from reliable tank farm, for seller verification and approve.
5. Buyer pay 5 days and seller pays 3 days simultaneously to complete 8 days to buyer’s tank farm and send TSR to seller with authorization to verify (ATV).
6. Seller issues to buyer below PPOP documents as mentioned via email:
a) Fresh SGS report (Quality and Quantity) (24 - 72Hours Fresh);
b) Tank Storage Receipt (TSR) with GPS coordinates of tank location;
c) Injection Schedule (Rotterdam);
d) Authorization to verify the product in Seller's tank (ATV);
e) Product Passport;
f) Unconditional Dip Test Authority (UDTA).
7. Seller commences with the injection of the first month shipment quantity from the refinery storage reservation through the pipeline into storage tank in the port of loading or tank to tank.
NB: IF THE INJECTION PROCESS EXCEEDS 8 DAYS BUYER SHALL COMPLETE THE OUTSTANDING DAYS TO ENABLE THE CONCLUSION OF THE INJECTION, THIS USUALLY DEPENDS ON THE TANK LOCATION.
8. Upon the completion of the injection seller issues DTA to buyer, buyer inspects with SGS agent.
9. After buyer successful Q&Q dip test on the product buyer makes the payment for the total value of the product injected into the tank via MT103 or TT wire transfer
10. Upon seller receipt of the full product payment from the buyer, seller issues to buyer the title ownership of the product and exports documents.
11. Seller pays all intermediaries involved in the transaction and sends SPA to buyer for one year subsequently monthly shipment continue as per terms and conditions of the sales and purchase agreement contract between buyer and seller.
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