The buyer would like to receive quotations for -
Product: Jet A-1 Fuel
Specifications:
Procedure: As the BUYERS are located in the EU, the Fuels must be NON-SANCTIONED and the Western BUYERS’ Banks must carry out the COMPLIANCE CHECK on the Contract, aimed to exclude the existence of Persons-Entities under Sanctions in the “purchase chain”.
Fuels must be stored in Rdam already.
THE COMPLIANCE CHECK will be necessary for the FIRST TRIAL DELIVERY only then, once the first transaction has been successfully concluded, all the remaining 12 MONTHLY transactions will take place according to the STANDARD PROCEDURE.
In order to comply with the current EU Regulation the PROCEDURE should be as follows:
COMMERCIAL COLLABORATION AGREEMENT (for the Commission)
SELLER’s FCO
BUYER’s ICPO+PROFILE+POF
SELLER’s SALE and PURCHASE AGREEMENT PROPOSAL, to be possibly signed by the Contracting PARTIES
BUYER’s Bank COMPLIANCE CHECK (aimed to exclude Persons-Entities under Sanctions in the “purchase chain) and, in positive case:
SELLER’s PARTIAL POP (allowing verification of the Product/s in the SELLER’s Tank Farm)
BUYER-SGS verification of the Product/s Existence+Quality+Ullage – Max 3 days, in positive case this Tank lease expenses on BUYER’s account.
In positive case:
Remaining SELLER’s POP Docs.
BUYER’s DLC issuing or BUYER’s pre-payment through the Tank Farm (ON SELLER’s CHOICE
And then the FIRST TRIAL DELIVERY can be organized. If successful, the Contract will be automatically executed including the remaining 12 MONTHLY DELIVERIES (with REVOLVING DLC or SBLC+MT103 ON BUYER’s CHOICE).
TARGET PRICES for FUELS (on SELLER’s choice)
Qty: = 1-1.5millionBBL per month during 1-year Contract.
Quantity Required : 1000000 Barrel/Barrels
Shipping Terms : FOB
Destination Port : Tank-To-Tank (Or Alternative Rotterdam,
Payment Terms : MT 103
Looking for suppliers from : United Arab Emirates
Contact : Ismail
