FOB FUJAIRAH TTT – TTV

……………………………………………
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
……………………………………………

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.

 

 

VALIDITY DATE : 12 DECEMBER 2023

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