PETROLEUM PRODUCTS

 

DIRECT CONTRACT WITH THE REFINERY 

AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL / JET A1 ORIGIN: Russia 
LIFTABLE QUANTITY: 500 000bbl for first lift Minimum Quantity , for contract maximum 5.000.000 bbl/12 months 
PRICE: FIXED GROSS US$ 33/ NET US$30 - for first lift, for contract TBD 
Destination port: FOB ROTTERDAM 
INSPECTIONS: SGS or Equivalent 
The commission: 3USD per bbl , SELLER PAYS 
 

VIRGIN FUEL OIL D6 (0.380 Sulphur Max) 
ORIGIN: Russia 
LIFTABLE QUANTITY: 100,000.000 GALL/first lift, for cotract. 200mil Gall/. WEEKLY 
PRICE: GROSS USD $ 0.70 GALL, NET USD $ 0.65 GALL 
DESTINATION PORT: FOB ROTTERDAM 
COMMISSION: US $ 0.05 GALL 
INSPECTIONS: SGS or Equivalent 

 
PROCEDURE – JP54/ JA1 
Non-Negotiable 


1. The Buyer Send the ICPO 

2. The seller ISSUE to the Buyer the CI & SPA and the Buyer Sign the CI & SPA and return to the seller. 

3. The Seller send to Buyer: 

A. Company Registration License. 
B. Export License. 
C. Refinery Commitment to supply. 
D. Approval to Export. 
E. Product Passport. 
F. Certificate of Origin. 
G. Bill of Lading. 
H. Vessel Q88. 
I. Copy of Tank Storage Agreement. 
J. Tank Storage Receipt (TSR) 
K. Authorization to Verify (ATV) 
M. Authorization to sale and collect (ATSC) 

4. Buyer provides to the Seller a Tank Storage Agreement (TSA) from a trusted respective tank farm for Seller logistic verification and confirmation before giving Buyer go ahead to pays the tank fee to the tank farm and obtain the (TSR) to receive the product in Rotterdam.. 
NOTE: the TSR will be Minimum of 7 days. 

5. Seller issue A. Dip Test Authorization (DTA) B. Fresh SGS Report C. Authorization to Sell (ATS) and Authorization to Verify (ATV) to buyer. Buyer confirm the product in seller’s Storage Tank, do the dip test. 

6. Upon successful dip test, buyer makes payment by MT103 T/T wire transfer for the total product available. Seller pays commission to seller side intermediaries involved in the transaction 24 hours after confirmation of buyer payment and Buyer pays commission to buyer side intermediaries involved in the transaction. Seller sends the Title of Ownership Certificate to be followed by all export documentation. While loading in the Buyer Tank will commence immediately. 
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