RUSSIAN JET FUEL SALE OFFER & PROCEDURE (2)
Modified date: August 9, 2017
Dear Sirs,
Please find below the procedure for the purchase of D2 DIESEL from Russia. Kindly revert back to me if interested.
PRODUCT: RUSSIAN AVIATION KEROSENE JET FUEL, GOST 10227-86
ORIGIN: RUSSIAN FEDERATION
DESTINATION: FOB ROTTERDAM or CIF
LOADING PORT: TBA
PAYMENT TERMS: MT103 T/T
INSPECTION: SGS
LIFTABLE QUANTITY: First lift 500K – 1M BBL (Seller/Allocation Holder’s Option) 2-3M BBL contract (Buyer’s Option) FOB ROTTERDAM or CIF
PRICE: FOB $8/7 or CIF $7/6 per BBL DISCOUNT OFF NWE PLATTS
TERMS & OPERATIONAL PROCEDURE FOB ROTTERDAM #2
1. After Buyer CP’s review/approval, Buyer signs a MOU (draft to be provided upon request) with the Allocation Holder and provides complete banking co-ordinates.
2. Based on approved allocation from Refinery, Seller/Allocation holder issues CI/SPA. Buyer and Seller/Allocation Holder sign the CI/SPA.
3. Seller/Allocation Holder sends the following documents to the Buyer:
• Commitment to Supply
• Product Passport/Certificate of Origin
• Tank Storage Agreement
• Company Registration
• Recent Past SGS of same product (issued during < 1 year)
4. Buyer endorses the tank storage agreement (TSA) with the hired tank facilitator of the respective port tank farm nominated by the Seller/Allocation Holder.
Buyer pays the tank fee to the tank farm to enable Seller/Allocation Holder Pump/inject the product into the tank.
Buyer is to pay for max 10 days (covering product injection, SGS and time it takes to pay by MT103).
Any additional days to be paid by the Seller.
In case Seller fails to inject/deliver the product into tanks after Buyer pays for the lease and as per agreed schedule, Seller refunds 100% Tank lease cost to the Buyer.
5. Seller/Allocation Holder issues un-conditional Dip Test Authorization to Buyer. Immediately Buyer conducts Dip Test at Rotterdam Tank Farm site, and the result will be accepted as standard for the transaction.
Seller authorizes the Buyer to receive Product Analysis certificate issued by SGS.
6. Upon successful Dip Test, Buyer makes payment by MT103 T/T wire transfer for the total product available as per signed CI, within 48 hrs max.
7. Seller immediately transfers all permit/act title of ownership of all product documents to Buyer’s company name, via Buyer's secured official email.
8. Buyer lifts the product and pays out the commission to the intermediaries as per IMFPA.
- Company Name: Adwenpa Consult
- Country: Ghana
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