Product Description :
Kerosene, also known as  paraffin,  lamp oil, and  coal oil  (an obsolete term)
(an obsolete term), is a  combustible  hydrocarbon  liquid which is derived
from  petroleum. It is widely used as a  fuel  in  aviation  as well as households
Price of product ( USD price or FOB price)
Agreed Percentage Discount below Platts
Product origin :
Russian Federation
Key Specifications/Special Features :
This offer is strictly for market majors that have fiscal capital for immediate purchase and ready to lift or trans-shipment. We will provide all title documents as may be required by buyer or her bank from the port storage facility, vessel inspection to vessel bill of lading.
Minimum Order Size and Packgaing details :
12000 MT to 450,000 MT Per Month Payment Terms MT103 and / or SBLC
Quantity: 1, 000, 000 bbls liftable spot first month with possible rollover and extension.
Price: fob $29.00 usd gross/$23.00 usd net per bbl
Cif: $32.00 usd gross/$26.00 usd net per bbl
Delivery: fob russian port or cif aswp
Payment: sblc/mt103/tt for the value of the goods.
Transaction procdures (fob dip & pay)
1. Buyer sends icpo to seller on receipt of seller's soft offer
2. Seller issues draft contract along with commercial invoice, buyer signs draft contract and returns to seller
For final endorsement.
3. Seller issues below partial pop (ppop) documents;
(a) refinery export license/certificate of company registration tax certificate
(b) statement of product availability
(c) certificate of origin of the product
(d) refinery commitment and assurance letter
4. Buyer submits his tsa/tsr/atv and terminal injection clearance report from verifiable tank farm
Compliant to russian transneft delivery logistics for seller's verification and confirmation.
5. Seller commence injection of the commodity to loading port and upon completion of product injection,
Seller issues below full pop documents to buyer
A. Dta- dip test authorization
B. Authorization to sell (ats)
C. Tank storage receipt of product purchased
D. Product passport
E. Fuel injection report
6. Buyer conducts dip test on the product quality and quantity analysis.
7. Upon positive dip test result on the product quality and quantity analysis seller issues to the buyer
Sgs report including title of ownership certificate of the product in buyer's name to be followed by all
Export documentation.
8. Buyer makes payment covering total value of the product by mt103 and shipping commences immediately.
9. Seller pays commission to all mandates and intermediaries involved in the transaction as may be agreed in the ncnd/imfpa.
