PRODUCT: JET FUEL JP54
ORIGIN: RUSSIA-USA
FOB PRICE: GROSS $46.00 USD/$42.00USD NET
INSURANCE: PAID BY SELLER
INCOTOERMS: FOB HOUSTON PORT(stored tank)
MAXI QUANTITY: 4 MILLION BARRELS WITH R&E INTO YEARLY
COMMISSION: COMMISSION SHARE, 50% / 50%.
FOB HOUSTON PORT & ROTTERDAM PORT TRANSACTION AND BANKING PROCEDURE
(1) Buyer issue ICPO containing the seller's working procedure with banking details and scanned copy of buyer's passport along
with TSA.
(2) Seller issue commercial invoice of the product in tanks at the port; buyer and Buyer's logistic sign and return back
commercial invoice to seller.
(3) Seller issue to buyer PPOP listed below:
(A) GPS Coordinate-Tank Storage Receipt (TSR), (B) Fresh Injection Report
(C) Dip test authorization letter (DTA) (D) Authorization to sell.
(E) SGS Report. (F) Authorization to Verify the Product in the Seller's Tank (ATV)
(4) Buyer inspect by SGS on buyerâ??s expenses and sends TSR.
(5) Seller issues the following document to all intermediaries involve in the Transaction and to buyer. â?¢Endorsed
NCNDA/IMFPA.
(6) Upon successful Dip Test in tanks, product will immediately be injected into Buyer's tanks. Buyer makes Payment for the
product via MT103 and Seller transfers Title Ownership to Buyer.