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 .
EN590 10ppm Kazakhstan origin from the largest trusted Refinery in Kazakhstan available for CIF or TTO transactions Very competitive price
TCO CIF
Terms Of Transaction
Delivery Ciftto 1521 Days To Any Safe World Port
Payment Term Dlclc Blcmt 103 Tt Wire
Origin Kazakhstan
Specification To Be Provided Upon Receipt Of Buyers Loiicpo
Inspection Any Universally Accepted Qq Inspection Company
Commission To Be Shared 50 Each By Both Sides
Performance
Bond
2
Procedures Transaction Procedure CIF
1Buyer issues Irrevocable Purchase Order ICPO with buyers banking details
and passport data of buyerrepresentative
2 Seller issues Draft contract for both parties to sign within 24 hours buyer signs and send back
with guarantee letter and proof of funds to fulfil the contractual agreement
3 Seller reissues the Proof of Product documents in buyer companys name as listed below
3 a Certificate of Origin
3 b Product quality passport Analysis test Report Kazakhstan GOST R
3 c Commitment to Supply
3 d Statement of Product Availability
3 e Product Allocation Export Permit
4 Upon verification of the sellers partial POP within seven 7 banking days the buyers bank
sends irrevocable operational DLC via MT700 as per the sellers credit bank account for the first
month fee In the event of the buyers banks inability to issue the letter of credit within seven 7
banking days the buyer will make a guaranteed cash deposit of USD 300000 by TT WIRE bank
transfer to the sellers bank account as security of the product allocation and also to enable the
seller to charter a vessel and start shipping This payment will be deducted from the total cost of
the product after inspection at the port of discharge
5 Upon confirmation of buyers Letter of Credit or Cash Guarantee Deposit payment at sellers
bank seller transfer title holder of the cargo to buyer issue the 2 PB and commence loading of
the cargo into the vessel tanker Upon completion of loading the cargo seller will issue the full
POP and shipping documents to buyer as shown below
Allocation Title Ownership Certificate
TransNeft Contract to transport the product to the loading port
Port storage agreement
Charter party Agreement to transport the product to the discharge port
Tank Storage Receipt
SGS Quality and Quantity Certificate
Bill of Landing
Vessel Questionnaire 88
6 NCNDA IMFPA shall be issued for all BuyerSeller Intermediaries to complete for further
processing by the Seller
7 Shipment shall commence and upon arrival of the vessel tanker at the final discharge port the
buyer shall conduct the SGSCIQ Inspection and make the balance payment for the full shipment
via TT Wire or MT103 TT Wire Transfer
8 The seller pays all buyer and seller intermediaries the full commission amount as stated in the
NCNDAIMFPA agreement
EN590 FOB TTV Seller Procedure
Origin : Kazakhstan
Loading port: Singapore port
UNIT PRICE : USD 490/MT
PAYMENT TERMS : MT103
TRANSACTION TERM : FOB
1. Buyer accepts seller working procedure and issue ICPO
2. Seller's issues commercial invoice (CI), Buyer signs and returns back commercial invoice.
3. Seller issue TSR with GPS coordinate to Buyer Company,
4. Buyer contacts the Seller's storage facility for tank extension to enable Buyer approval to gain access to the facility and execute the Quality & Quantity Inspection in Seller Tank Farm for FRESH Analytical Report/Result by SGS. ( Note* One day extension fee is 78,000 usd and will be deduct when buyer is paying total amount )
5. After successful DIP test, (NCNDA/IMFPA) will be signed by all parties.
6. Seller injects product into Buyer's vessel or injects into Buyer's tanks Buyer or buyer take over the storage tanks, within maximum 48 hours Buyer pays via MT 103/TT for the spot transaction and seller issues all export documents to buyer.
7. Upon conclusion of first lift transaction seller pays all intermediaries involved in the Transaction and proceeds with the signing of contract with Buyer.
Automobile diesel fuel (EN 590) Grade E (winter), recommended for use at ambient temperatures up to minus 15 C (limiting filterability temperature).
Diesel fuel EN 590 (EN 590) Grade E is obtained from petroleum refined products and is intended for use as automotive fuel for diesel engines of cars and trucks. Diesel fuel meets the requirements of the international standard EN 590/2000 and is characterized by a low content of sulfur, aromatic hydrocarbons and a high cetane number, which leads to an overall reduction in sulfur oxide emissions, a decrease in the amount of particulate matter in exhaust gases and the formation of deposits in the fuel system of cars and heavy vehicles, reducing exhaust smoke and is the key to good starting properties of the fuel during cold start of the engine.
The oil refining industry produces diesel fuel in accordance with GOST 305-82 of three grades:
L - summer, used at ambient temperatures above 0 C;
3 - winter, used at temperatures up to -20 C (in this case, winter diesel fuel should have a stagnation <-35 C and n <-25 C), or winter, used at temperatures up to -30 C, then the fuel must have a stasis <-45 C and n <-35 C);
- Arctic diesel fuel, the temperature of which is up to -50 C. The sulfur content in diesel fuel of grades L and Z does not exceed 0.2% for type I fuel and 0.5 for type II fuel, and grade A 0.4%
product Description : These Products are Exported with Stringent Adherence to Standard Russian Export Specifications with Respective GOST. Price of product ( USD price or FOB price) : Product will be priced in USD$ Based on an Appropriate PLATTS INDEX or a FIXED Price and the Agreed Upon Shipping Method. The Price will be Mutually Agreed to by Buyer and Seller Product origin : Russian Federation Key Specifications/Delivery/Logistics : 1. Certification SGC or Equivalent 2. Payment Terms = Letter of Credit ( Details to be agreed upon by Buyer and Seller 3. Delivery Time = Varies by Destination 4. Port of Loading = TBD Minimum Order Size & Contract Term : Minimum Monthly Quantity = 100,000 MT X 12 Month Contract Required with R & E up to 120 Months
D6 is also be known as Residual Fuel Oil and is of high-viscosity. This particular fuel oil requires preheating to 220 - 260 Degrees Fahrenheit. D6 is mostly used for generators.
D6 is a type of residual fuel, mainly used in power plants and larger ships. The fuel requires to be preheated before it can be used. It is not possible to use it in smaller engines or vessels/vehicles where it is not possible to pre-heat it. D6 is its name in the USA. In other parts of the world it has other names.
Residual means the material remaining after the more valuable cuts of crude oil have boiled off. The residue may contain various undesirable impurities including 2 percent water and one-half percent mineral soil. D6 fuel is also known as residual fuel oil (RFO), by the Navy specification of Bunker C, or by the Pacific Specification of PS-400
Recent changes in fuel quality regulation now require further refining of the D6 in order to remove the sulfur, which leads to a higher cost. Despite this recent change, D6 is still less useful because of its viscosity as well as that it needs to be pre-heated before it can be used and contains high amounts of pollutants, such as sulfur. Since it requires pre-heating, it cannot be used in small ships or boats or cars. However large ships and power plants can use the residual fuel oil.
The price of D6 diesel traditionally rises during colder months as demand for heating oil rises, which is refined in much the same way.In many parts of the United States and throughout the United Kingdom and Australia, d6 diesel may be priced higher than petrol.
D6 Diesel Standards and ClassificationCCAI and CII are two indexes which describe the ignition quality of residual fuel oil, and CCAI is especially often calculated for marine fuels.
PETROALLIANCE diesel fuel is the second distillate of crude oil. Ultra-low sulfur grades of D2, such as GOST 305-82, with a reduce sulfur content to a maximum of 0.02 percent and reduce sulfur pollution emissions.
Diesel fuel is often used in diesel engines. Diesel engines or compression ignition engines, rely on the temperature increase of compression, rather than on spark plugs, to achieve reliable ignition timing and combustion efficiency.
As a result of their inherently higher compression ratio for a given power output, diesel engines are more fuel efficient than spark ignition engines. Compared with spark ignition automotive engines, diesel engines weigh more, generate more vibration and produce greater particulate or soot emissions. Diesel engines can also produce a particularly carcinogenic type of hydrocarbon pollutant known as polycyclic aromatic hydrocarbons (PAHs), which are generated during the diesel combustion process.
The cetane index is a measure of the autoignition quality of a diesel fuel, with higher numbers meaning that the engine is easier to start in cold weather.
Our products are exported to Asia, Europe, America, and the CIS.
PETROALLIANCE diesel fuel is the second distillate of crude oil. Ultra-low sulfur grades of D2, such as GOST 305-82, with a reduce sulfur content to a maximum of 0.02 percent and reduce sulfur pollution emissions.
Diesel fuel is often used in diesel engines. Diesel engines or compression ignition engines, rely on the temperature increase of compression, rather than on spark plugs, to achieve reliable ignition timing and combustion efficiency.
As a result of their inherently higher compression ratio for a given power output, diesel engines are more fuel efficient than spark ignition engines. Compared with spark ignition automotive engines, diesel engines weigh more, generate more vibration and produce greater particulate or soot emissions. Diesel engines can also produce a particularly carcinogenic type of hydrocarbon pollutant known as polycyclic aromatic hydrocarbons (PAHs), which are generated during the diesel combustion process.
The cetane index is a measure of the autoignition quality of a diesel fuel, with higher numbers meaning that the engine is easier to start in cold weather.
Our products are exported to Asia, Europe, America, and the CIS.
