FOB FUJAIRAH TTT – TTV

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EN590 10 – PPM DIESEL
Origin: KAZAKHSTAN
Quantity: 100,000 Metric Tons per month – 500,000 Metric Tons
per month FOB Price: $560.00 USD Gross
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FOB PROCEDURE. FUJAIRAH TTT – TTV

1. Buyer issues ICPO + TSA or CPA to seller with CP and buyer passport.
2. Seller issue Cl with NCNDA to buyer, buyer return signed Ci with NCNDA to seller.
3. Seller release the listed PPOP to the buyer as a prove of products:
I. Product Passport (analysis)
Il. Statement of Product Availability
Ill. Commitment letter to supply
IV. Authority to sell (ATS)
4. Buyers bank issue MT99 swift bank to bank within 5 working days only.
Note: If the buyer fails to issue the MT199 swift within the 5 working days’ time frame,
BUYER will be required to pay Alternative of $210,000 USD as a guarantee for TTT OR
TTV via TT transfer to the sellers nominated bank account.
5. Upon confirmation of the buyer MT199 swift or alternative payment of the $210,000 USD, seller issue to buyer endorsed
a.) TTVIA, or TTTIA,
b.) fresh SGS report,
c.) TSR
d.) unconditional DTA for the buyer dip test conducting physically.
6. Buyer issue Storage facility and vessel details to the seller. In order to program lift in the name of the buyer at the sellers loading port. (Only buyers with ready vessels are
considered.)
7. Upon confirmation of the buyer’s vessel, the seller’s programs lift in buyer’s name.
8. Upon completion of the dip test, the Buyer makes full total payment by MT103 wire transfer for 100% of the product to seller’s bank before loading, Title Ownership is transferred to Buyer’s name.
9. Seller load buyers’ vessels.
10. Seller releases payment to intermediaries within 24hrs of Buyer’s payment. Payment confirmation as per signed NCNDA & IMFPA

***Updating Sufficient Quantity/Allocations ***

PRODUCT                          :  DIESEL OIL spec EN 590 10 PPM

ORIGIN                                :  NONE SANCTION COUNTRY
MINIMUM QUANTITY      : 50,000 M.T.
CONTRACT PRICE:            : $5XX USD ,( Validity 30 August 2024 )
DELIVERY                           : FOB, TTV Jurong Port SINGAPORR, FUJAIRAH, ROTHERDAM

FOB TANK TO VESSEL (TTV) TRANSACTION PROCEDURE  ZHOUSHAN, CHINA, JURONG, FUJAIRAH,ROTHERDAM 

(CODE: KE/TTV/EN590/SPDCO/CMAO/08082024) (NON-NEGOTIABLE) 

1.  Buyer issues ICPO containing the Seller’s Transaction Procedure with Banking Details, Proof Of Funds (POF/BCL/Bank Statement (Latest within 7 Days) and scanned copy of Buyer’s Passport along with Charter Party Agreement (CPA) from Buyer’s European Logistics Company.

Note: Preferred CPA signed with European Logistics Company acceptable by the Seller.
IF JV PARTNERS: All partner require to signed at ICPO
ICPO : Contain all party on ICPO ( Buyer , Co Buyer , CPA owner and POF Owner need to signed ICPO. )

2. Seller issues Commercial Invoice (CI) for the available products in tanks at the Port, for Buyer’s review and endorsement, then return within 3 International Working Days.

3. Seller issue to Buyer Tank-To-Vessel Injection Agreement (TTVIA), which to be endorsed by the Seller, Buyer and Buyer’s Logistics Company.

4. Seller issue Injection Schedule to sign and seal from Buyer’s Logistics Company and Seller prepare the commencement of injection of the products.

5. Upon confirmation and receipt of signed and sealed Injection Schedule from Buyer’s Logistics Company with (ATV Letter). Seller releases the below POP documents directly to End Buyer’s secure email.
a) Fresh SGS (Not Older Than 48 hrs.)
b) Legalized Commercial Invoice.
c) Commitment To Supply.
d) Injection Report
e) Authorization To Sell & Collect (ATSC)
f) Authorization To Verify (ATV)
g) Dip Test Authorization (DTA)
h) Export License.
i) Statement of Product Availability
j) Tank Storage Receipt (TSR) (With Barcode and GPS Coordinates)
k) NCNDA/IMFPA

6. Buyer conducts Dip Test on the products inside the Seller’s Shore Tanks by own discretion and expenses.

7. Buyer provides Authorization To Inject (ATI) issued by the Buyer’s Logistics Company to enable Seller commence the Injection of Product into the Buyer’s Chartered Vessel.

8. Upon completion of the Product Injection, Buyer makes FULL Payment for the Total Cost of the product injected into Buyer’s Chartered Vessel by MT103 / TT Wire Transfer to Seller’s nominated Bank Account within Twenty-Four (24) Hours.

9. Buyer lifts the products and Seller pays all intermediaries involved in this transaction.

10. Seller and Buyer consider to sign further SPA (12 Months), after this successful transaction with the above similar transaction procedures.

ATTACHED 1 : EN590 10PPM SPECIFICATION

ATTACHED 2 : Some List of CPA accepted. 

Preferred CPA signed with European Logistics Company acceptable by the Seller.

CIF ASWP – VALIDITY : 15 JAN 2024

PRODUCT                          :  DIESEL OIL spec EN 590 10 PPM

ORIGIN                                :  NONE SANCTION COUNTRY
MINIMUM QUANTITY      : 100,000 M.T.
CONTRACT PRICE:            : CIF ASWP $660 USD per MT

INSPECTION:                     : Inspected  by SGS
PAYMENT TERMS:            : GARANTEE, DIP TEST, TT VIA SWIFT MT103

STANDARD BANKING PROCEDURE (CIF ASWP)

1.Buyer issues ICPO, Intention Letter to Purchase Letter, Full CIS along with Buyer’s company registrationcertificate and Bank RWA related to the ICPO.
2.Seller issues Sale & Purchase Agreement (SPA), Buyer review, amend (if necessary), signs, and return the SPAin WORD format to Seller within seven (7) banking days along with buyer’s Client Information Sheet (CIS) and statingthe exact bank issuing the Financial Instrument and the Financial Instrument issuer’s Client Information Sheet (CIS) “ifdifferent from the buyer’s company name”. Seller sends Final Approved SPA to Buyer in PDF Format along with the Proforma Invoice for buyer’s issuance of SBLC MT760 / DLC MT700 pre-advice or Ready, Willing and Able (RWA) MT999/199/799 to Seller’s fiduciary bank outside Russian Federation confirming their readiness and capability to execute the transaction.
3.Buyer sends swift copy of their issued SBLC MT760 / DLC MT700 preadvice or Ready, Willing and Able(RWA) MT999/199/799 to Seller’s fiduciary bank outside Russian Federation. Upon confirmation, Seller issues to Buyer via email the following transaction documents (Partial POP):
•Certificate of Analysis (COA) also known as Product Passport.
•Statement of Product Availability.
•Unconditional Commitment to Supply.

•Commercial Invoice for the total 1st shipment product value.
4.Within seven (7) banking days, Buyer’s bank in accordance with seller’s verbiage issues swift fully funded SBLC MT760 or DLC MT700 to Seller’s fiduciary bank account outside Russian Federation to cover the 1st shipmenttotal product value and send swift copies sent to Seller to enable seller commence loading of product with the shipping company. Seller’s bank issues 2% PB to Buyer’s bank to activate Buyer’s financial instrument within seven (7) days.
NOTE: If due to any reason buyer can’t issue the SBLC MT760 / DLC MT700 pre-advise or RWA MT999/199/799 in procedure #2, buyer is to request for the Commercial Invoice for the direct issuance of SBLCMT760 or DLC MT700 immediately after signing of the Contract.
Meanwhile, the alternate solution to all is to request for invoice and make a REFUNDABLE/DEDUCTIBLE 5%security guarantee deposit of the total 1st shipment value via T/T Wire Transfer after signing of the contract. Upon confirmation, Seller will proceed straight into shipment and furnish buyer with the FULL POP Documentsvia bank to bank.
The Duration of the financial instrument issuance must be more than 180 days.
5.Upon Seller’s bank successful exchange of instrument method with buyer’s bank or REFUNDABLE/ DEDUCTIBLE Security Guarantee Deposit / Payment of 5% of the total 1st shipment product value via T/T Wire toseller’s fiduciary bank, Seller to finalize loading within five – seven (5-7) working days. Seller invites buyer for visitation to witness the final inspection and TTM for negotiation of future transactions (Optional to Buyer).
Seller loads product within six (6) international working days, signs NCNDA/IMFPA between all intermediaries involved with the notarized copy sent to Seller’s bank and registers & legalizes the contract and sends to Buyer the following Full POP Document by swift via bank to bank and a copy via email to buyer and representative. Seller sends one full set of ORIGINAL POP documents to our authorized Customs Clearance agent at destination port, and send onefull set of COPIES POP documents to Buyer’s address via

DHL or FedEx expedite (overnight) service and provide tracking numbers. (17 sets below):
•Copy of the Charter Party Agreement(s) to Transport the Product to Discharge Port.
•Act of Transfer/Change of Ownership Title.
•Certificate of Incorporation.
•Registered & Legalized Contract.
•Allocation Title Ownership Certificate.
•Copy of License to Export.
•Copy of Approval to Export.
•Port Storage Tank Agreement.
•Tank Receipt.
•Certificate of Origin.
•Notice of Readiness (NOR)
•SGS/Saybolt Certificate of Quality and Quantity, One (1) Original and three
(3) copies.
•Cargo Manifest
•Vessel Ullage report
•Vessel Q88
•Bill of Lading
•Estimated Time of Arrival (ETA)
6.Buyer notifies seller by official written notice of his bank receiving seller’s pop documents. Shipment commences as per contract schedule and product is shipped to buyer’s designated discharge port and upon arrival of the cargo at the discharge port, buyer’s inspection team carries out CIQ, SGS or equivalent inspection to ascertain quality and quantity.
7.Product is discharged into buyer’s destination port/storage facility after successful inspection, Buyer release payment via swift fund transfer MT103/TT within 3 to 5 banking days to Seller for total shipment value after dischargeof product at destination port/storage facility and receipt of the entire relevant shipping documents. Seller within 48 hours pays the intermediaries involved according to signed & notarized NCNDA/IMFPA. Second and succeeding shipments continue

VALIDITY DATE : *** SOLD ***

Jet A1 FOB Fujairah 
FOB Fujairah TTT or TTV
Price FOB 90$ per BARREL
Quantity Avaliable : 5,000,000 BARREL

WORKING PROCEDURE FOB (Tank to tank, tank to vessel)

1. The Buyer sends the ICPO + FRESH POF in accordance with the working procedures and acceptance of the Seller’s preferential offer.
2. The Seller issues a Соmmercial Invoice (C.I.), the Buyer signs it within 24 hours and returns it to the Seller within its validity period.
3. After receiving and familiarizing with the signed CI, the seller issues ATV (Authorization to Verification) and permission to conduct a DTA (Deep Test Authorization) in the tank of the Seller, which must be completed and signed by the Buyer for conducting the DTA together with signed copies of CI;
4. The Seller returns the DTA, fully completed and signed during its validity period, and after successful joint verification of the completed DTA, the Seller issues the following complete POP documents:
A. A recent SGS report;
B. Seller’s permission to use their product tank;
C. Product passport (quantity and quality analysis);
D. Authorization to Sell and Obtain a Certificate (ATSCC);
E. Injection Report (PIR);
F. NCNDA/IMFPA (completed by all intermediaries)
G. Certificate of Origin of the product;
5. After receiving and confirming the above POP documents, the Buyer provides them to testing specialists (SGS or INTERTEK), and the necessary tests are carried out on the product in the seller’s tanks.
6. The Buyer, after a successful immersion test, makes a full payment via MT103/TT bank transfer for the entire product, pays a commission to all intermediaries involved in the transaction within 24 hours after confirming the Buyer’s identity.
After payment for the batch of goods and crediting funds to the Seller’s account, the Seller immediately transfers all rights and documents for the goods to the Buyer. The Buyer has the opportunity to immediately pick up the goods from the Seller’s warehouse to the Buyer’s ship or storage free during 72 working hours. For next each day of the stay of his (paid) goods, the Buyer pays the Seller according to the Seller’s storage sublease contract on the basis of the Seller’s existing TSA with payment as agreed of the Seller.
7. The seller enters into a contract for the period desired by the buyer after the successful completion of the trial order

FREE ON BOARD (FOB): TANK TO VESSEL (TTV) TRANSACTION PROCEDURE (NON-NEGOTIABLE)

PRODUCT                          :  DIESEL OIL spec EN 590 10 PPM

ORIGIN                                :  NONE SANCTION COUNTRY
MINIMUM QUANTITY      : 50,000 M.T.
CONTRACT PRICE:            : DISCOUNT FROM MOB SINGAPORE.
DELIVERY                           : FOB, TTV Jurong Port SINGAPORR.
INSPECTION:                     : Inspected  by SGS
PAYMENT TERMS:            : GARANTEE, DIP TEST, TT VIA SWIFT MT103

1. Buyer Issues ICPO addressed to Seller through Seller’s Mandate / Representative along with,

• • Buyer’s Company Registration Certificate
  • Buyer’s Charter Party Agreement (CPA)
  • Buyer’s Passport Copy
  • Latest Proof Of Funds

2. Seller acknowledges Buyer’s ICPO and issues Commercial Invoice (CI) & ICC Warning Letter. Buyer signs and returns back the endorsed Commercial Invoice (CI) & ICC Warning Letter to Seller.

*** DUE-DILIGENCE BUYER’S DOCUMENT ***

IF SUCCESSFULLY GO TO STEP – 3

3. Seller provides Buyer with the below listed PPOP Documents:

• • Authorization to Sell and Collect (ATSC)
  • Dip Test Authorization (Unconditional DTA)
  • Allocation Transaction Passport Code Certificate – Issued by the Refinery.
  • Statement of Product Availability
  • Letter of Commitment to Supply
  • Tank Storage Receipt (TSR)
  • Authorization To Verify (ATV) the existence of product from the storage tank company via email or phone call.

4. Buyer verifies the PPOP Documents and feedback to Seller within 48 hours. Buyer has optional in carrying out Dip Test Inspection on the product inside Seller’s Storage Tanks via SGS / Saybolt at Buyer’s own expenses.

5. All relevant intermediaries / parties sign LETTER OF UNDERTAKING / NCNDA / IMFPA.

6. Upon successful Dip Test Inspection, Buyer provides POA Letter to Seller for utilising CPA (Optional); Q88; Authorization to Inject (ATI), as well as Injection Notice of Readiness (INOR) to Seller.

7. Buyer disburses FULL Payment within 48 hours via TT / MT103 Wire Transfer to Seller’s Nominated Bank Account, according to the Total Commercial Invoice Value of Product to be injected into Buyer’s Chartered Vessel.

8. Seller confirms receipt of FULL Payment for the Total Commercial Invoice Value of Product from Buyer. Seller transfers the Title Ownership, as well as all relevant Exporting Documents of the Product to Buyer. Likewise, Seller arranges and allows Buyer to commence the injection of product into Buyer’s Chartered Vessel. (FREE Storage Tank Extension is allowed ONLY 3 days for 100K MT and 5 days for 200K MT / 300K MT Injection Process respectively. Buyer shall pay the Tank Storage Extension Charges, if the Injection Process had exceeded the FREE period of days given).

9. Seller disburses commission to all intermediaries involved as per the executed LETTER OF UNDERTAKING / NCNDA / IMFPA for this successful transaction within 48 hours upon receipt of FULL Payment from Buyer. (All commissions paying to related intermediaries are subject to Withholding Tax excises by the country of Payer)

10. Seller and Buyer execute the signing of Sales & Purchase Agreement (SPA) for 12 months’ supply with R&E terms. The subsequent 12 months shipments shall be continually proceeding in accordance with the same Transaction Procedures as above stipulated.

Note:

Refinery / Seller holds the right to seek FULL cooperation from Buyer in facilitating any related original document verification / authentication processes may deem necessary from time to time required by Refinery / Seller. This is to ensure smooth and successful procurement transaction for the above.

VALIDITY DATE : 12 DECEMBER 2023

EN590. Not sanctioned. 100.000MT.
FOB Fujairah TTT.
Price 680$
MOQ : 50,000 MT

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Team TASIN Co., Ltd.