Crude Oil:
Bonny Light
REBCO
ESPO (Siberia Pacific Oil)
Basra Light
WTI
Southern Green Cayon Blend
Olmeca Mexican crude
Heavy Crude, etc.
Product Description :
Crude oil is a mixture of hydrocarbons that formed from plants and animals that lived millions of years ago. Crude oil is a fossil fuel, and it exists in liquid form in underground pools or reservoirs, in tiny spaces within sedimentary rocks, and near the surface in tar (or oil) sands
Price of product ( USD price or FOB price) : Price on request
Product origin : Worldwide
Key Specifications/Special Features :
Specifications for types/grades of crude (special grade needed by buyer)
will be issued after received your credible purchase request in the form LOI/ICPO docs.
Minimum Order Size and Packgaing details :
Bulk in tanker vessels.
Tanks 20 MT.
Supplier: Jet a 1, en590 diesel (10 ppm), vlsfo, lng, refined petroleum products, and other high demand energy and industrial commodities. Services: Global sourcing, off take negotiation, mandate facilitation, end to end transaction support, and verified buyer seller matchmaking. Buyer: Copper cathodes, and off market petroleum
Supplier: Premium quality petroleum products including diesel en590 10ppm, jet fuel a1, lng, lpg, and crude oil Services: Trade services include international shipping and logistics
TANK-TO-VESSEL INJECTION AGREEMENT (TTVIA) (Non-Negotiable) - KAZ ORIGIN : Code: HT023
* ICPO - LET. OF ACCEPTANCE - CI - TSA
* Seller issues to Buyer TTVIA to be endorsed by both Seller, Buyer and Buyer's Logistic Company.
* Upon returned of the endorsed TTVIA, Seller releases PPOP to Buyer : Commit. Let to Supply, Export Lic., TSR, ATV.
* Seller issues UDTA for buyer to proceed with Dip test.
* Buyer Conduct Dip test of the product in the Seller Tank, upon successful dip test, Seller Storage Co. issues to Buyer, the NOR� � to inject the product.
* Seller issues POP : SGS Report, Pipeline IR, ATSC,Product Passport & Certificate of Origin.Ã?Â
* Buyer immediately pays for the total cost of the product value injected into the Tank through MT103 TT wire transfer. Seller Upon receipt of the payment, pays all intermediaries involve in the transaction. Seller issues title change/transfer of product to buyer.
EN590 ULSD available in Major Ports for FOB shipping terms, Kazakhstan Origin,
EN590 FOB price is $470/mt including $10 commission to buyer's side.
FREE ON BOARD (FOB) PROCEDURE
1. Buyer Issues ICPO:
The buyer submits an Irrevocable Corporate Purchase Order (ICPO) with banking details and passport information.
2. Seller Issues Commercial Invoice (CI):
The seller sends a Commercial Invoice (CI) for the available product, which the buyer countersigns.
3. Seller Provides POP Documents:
The seller provides Proof of Product (POP) documents, including:
SGS Report
Tank Storage Receipt (TSR)
Product Analysis
Injection Report
Authority to Verify (ATV)
Refinery Commitment Letter
Authorization to Sell and Collect (ATSC)
4. Buyer Verifies POP:
The buyer contacts the tank farm to confirm product availability.
5. Payment & Dip Test:
The buyer pays for a 5-day tank lease, and the seller issues an Unconditional Dip Test Authorization (UDTA). The tank farm provides a Clearance Access Entrance Permit (CAEP) for the dip test and SGS report.
6. NCNDA/IMFPA Signed:
All intermediaries sign the NCNDA/IMFPA and send it to the seller for endorsement.
7. Sealing & Final Payment:
After a successful dip test, the buyer requests tank sealing. The buyer pays for the full product via MT103/T/T and extends the tank lease for 48 hours.
8. Payment to Intermediaries:
The seller pays the intermediaries within 48 hours of receiving payment
TRANSACTION PROCEDURES FOR FOB JURONG/QINGDAO PORT TANK TO TANK (TTT)
1) Buyer issues ICPO and certificate of incorporation
2) Seller issues Commercial Invoice (CI) , buyer's signs and returns to Seller with his TSA, Seller verify buyer TANK FARM and make 3days tank lease payment to the buyer tank farm for the Injection Process.
3) Buyer pays his Tank Farm Company for 2 days tank storage costs, after his Tank Farm Company has received the buyer's payment the Seller Company pays 3 days cost (totaling) 5days TSR
4) Seller inject into buyer tank and issues SGS, ATV and Unconditional DTA.
5) Buyer conducts Dip Test and makes the payment for the total value of product injected TRANSACTION PROCEDURES FOR FOB JURONG/QINGDAO PORT TANK TO TANK (TTT)
1) Buyer issues ICPO and certificate of incorporation
2) Seller issues Commercial Invoice (CI) , buyer's signs and returns to Seller with his TSA, Seller verify buyer TANK FARM and make 3days tank lease payment to the buyer tank farm for the Injection Process.
3) Buyer pays his Tank Farm Company for 2 days tank storage costs, after his Tank Farm Company has received the buyer's payment the Seller Company pays 3 days cost (totaling) 5days TSR
4) Seller inject into buyer tank and issues SGS, ATV and Unconditional DTA.
5) Buyer conducts Dip Test and makes the payment for the total value of product injected into the tanks through the means ofMT103-
6) Seller pays all intermediaries involved in the transaction, and subsequently monthly shipment continues as per terms and Conditions of the sales and purchase agreement contract between buyer and seller .
