Product name: JET A1 (International export Standard);
Origin: Turkmenistan origin & refinery as seller;
Monthly quantity: 1 mln BBL as trial batch and 3 mln BBL monthly;
Other conditions: FOB RTD/FUJ;
Price: $73
Notice:
Buyers must submit CIS, TSA, POF (any document) for review prior to issuance of an ICPO.
Non-negotiable Cost, Insurance & Freight Cif Prosedure
1. Buyer Issues Irrevocable Corporate Purchase Order(ICPO). Please copy-paste this procedure in ICPO by attaching the document below:
a. Copy Of Passport Of The Person Authorized To Sign The Contract.
b. Copy Of Tax Registration Certificate.
c. Banking Information.
d. Product Specification (If Any).
2. Seller Acknowledges Buyer's ICPO And Issues Sales Pusrchase Agreement (SPA) To Buyer Open For Amendment. Buyer Signs And Returns SPA To The Seller In WORD Format Within Three (3) International Working Days.Then, the Seller sends the PROFORMA INVOICE to be signed and returned to the Seller along with the Valid Proof of Issuance of Proof Of Fund (POF) VIA SWIFT MT199 or MT799 from the Buyer's Bank to the Seller's Bank.
3. Seller Makes Final Signature, converts To PDF And Sends To Buyer As Final Approved Copy Along With The Following Documents:
a. Commercial Invoice for the total 1st shipment product value.
b. Certificate of Analysis also known as Product Passport.
c. Statement Of Product Availability.
d. Letter Of Commitment to Supply.
4. Buyer's Bank In Accordance With Seller's Verbiage Shall Issue LC/DLC SWIFT MT700 or SBLC SWIFT MT760 Irrevocable, Transferable Within Seven (7) Working Days For The First Trial Shipment's Value To Seller's Nominated Beneficiary Banking Information.
5. Upon Receipt Of Buyer's Bank Financial Instrument, Seller's Bank In Response Issues Operative Two Percent (2%) PB In Favor Of Buyer According To Bank Information Within Five (5) Working Days Which Is Submitted And Detailed In The Mutually Agreed Signed Contract.
6. Upon Seller's Bank Successful Exchange Of Instrument Method With Buyer's Bank, Seller Loads Product And Sends POP Documents In Buyer's Company Name To Buyer's Bank:
a. Refinery's Export License.
b. Certificate Of Origin Of Product.
c. Company Taxpayer Certificate.
d. Fresh SGS Report.
e. Tank Receipt (TSR) (Where Applicable).
f. Q88 And Quality Specification.
g. Bill Of Lading.
h. NOR - Notice Of Readiness.
i. ETA - Estimated Time Of Arrival.
7. Buyer Notifies Seller By Official Written Notice Of His Bank Receipt Of Seller's POP Documents While Seller Sends To Buyer The Registered Hard Copy Of The Original Contract Through Courier Service Within Four (4) Days. Shipment Commences As Scheduled In The Contract, And Upon Arrival Of The Cargo At The Discharge Port, Buyer's Inspection Team Carries Our SGS Or Equivalent Inspection To Ascertain Quality And Quantity.
8. Product Is Discharged After Successful Inspection Into Buyer's Storage Facility, Then Buyer's Bank Releases Payment Of Total Value Of The Product To Seller's Bank Within 3 (three) Banking Days By TT/MT103. Seller Transfers Title Of The Product To Buyer's.
9. Second And Succeeding Shipments Continue.
FOB ROTTERDAM
1. Buyer issues an Irrevocable Corporate Purchase Order (ICPO), TSA/CPA, and provides complete banking information.
2. Buyer and Seller sign the Sales and Purchase Agreement (SPA) and Proforma Invoice (PI). Within a maximum of 7 working days, Buyer issues a Letter of Credit via Swift MT700.
3. A fresh SGS Report is issued on behalf of the Seller and sent to the Buyer, along with the TSR and coordinates.
4. Buyer may conduct a re-dip test with their own inspection team (optional).
5. Upon receiving the SGS report, the Buyer must make full payment of the SPA value via Swift MT103 within 72 hours. Simultaneously, the Buyer takes over the Seller's storage tank/refinery or begins the injection process to the Buyer's tank (TSR required for at least 5 days) or vessel (Q88 and ATI required).
6. Once payment is confirmed by the Seller's bank, the Title Holder Certificate and all required documents, in accordance with the latest regulations, are handed over to the Buyer.
Specification - Standard Export Quality or referred to the specification in the Appendix A
Quantity - Weekly 100,000- 500,000 MT
Delivery term - CIF VOPAK, VTTI, CHANE, LIQUIN, BROOGE
Loading/taking over locations
Vessel Takeovers Ports of Loading: Georgia (Ports Batumi & Poti) -Tailored Procedures
Vessels Takeovers in the Black Sea and Sea of Marmara and inspections with SGS in Turkey or Georgia.
Turkey- FOB Mersin or Izmet
Will take any -Repapered/Blended fuel from Georgia, Kazakhstan, Oman, Turkmenistan, etc.
Payment Guarantee - SBLC MT760
Payment - TT/MT103 upon procedure
Inspection: SGS, INTERTEK, SAYBOLT
A 2nd Copy of the SGS or Intertek Inspection Report(s) must be issued in the name of Global Investment & Management Inc. This satisfies compliance requirements at the government, commercial, and banking levels to ensure the transaction settles quickly within 24-48hrs, instead of 3 to 5 days. The inspection companies do this for us regularly.
FOB TTT & TTV ROTTERDAM AND JURONG
1. Buyer issues an Irrevocable Corporate Purchase Order (ICPO), TSA/CPA, and provides complete banking information.
2. Buyer and Seller sign the Sales and Purchase Agreement (SPA) and Proforma Invoice (PI). Within 7 working days, the Buyer issues a Letter of Credit via Swift MT700.
3. Seller allocates the product to the Buyer and provides the following Proof of Product (POP) documents on a periodic basis:
a. Shore Tank Quality and Quantity Report
b. Time Sheet
c. Sample Receipt
d. Commitment Letter to Supply
e. Authorization to Sell & Collect (ATSC)
f. SGS Report or equivalent (issued within 48-72 hours)
g. Product Injection Report
h. Authorization to Sell and Collect Certificate
i. Port Clearance Authorization
j. Certificate of Origin
k. Unconditional Dip Test Authorization, allowing Buyer's chemist or SGS team to verify product quality and quantity in the Seller's leased tanks
l. Proforma Invoice reflecting the total product value
4. Seller issues Authorization with tank location coordinates and terminal access, enabling the Buyer's chemist or inspection team to physically verify and conduct Diptests at the Seller's or refinery's storage tanks at the port.
5. Product injection into the Buyer's designated storage facility begins.
6. Upon completion of the injection, the Buyer makes full payment for the total product value via MT103/Telegraphic Transfer (T/T) within 1-2 banking days. After payment confirmation, the Seller transfers the Title of Ownership and all relevant export documents to the Buyer or the Buyer's bank for record and customs clearance purposes.
