VIRGIN OIL D 6 Grade
Pricing
CIF:
SPOT BASIS: 50,000,000.00 Gallons
CONTRACT BASIS: 50,000,000.00
-500,000,000.00 Gallons
PRICE: $0.90 GROSS /
$0.86 NET
FOB:
SPOT BASIS: 50,000,000.00 Gallons
CONTRACT
BASIS: 50,000,000 Gallons –
500,000,000 Gallons
PRICE: $ 0.80 GROSS /
$0.76 NET
JP Grade 54
CIF:
SPOT BASIS: 500,000 BBL -
2,000,000 BBL
CONTRACT BASIS: 1,000,000 BBL -
2,000,000 BBL
PRICE $ 45.00 GROSS
/ $ 43.00 NET
FOB:
SPOT BASIS: 500,000 BBL – 2,000,000 BBL
CONTRACT BASIS: 1,000,000 BBL - 2,000,000 BBL
PRICE: $ 40.00 GROSS / $ 38.00 NET
TO Mr. URRUTIA END BUYERS
Below are the direct
Refinery Procedures received related to FOB, CIF, and Dip and Pay Transactions
we offer from our services. Please
accept these as acceptable and respond promptly with a Valid ICPO so that we
can move ahead in this process.
FOB PROCEDURE 1
TRANSACTION TERM FOR
FOB DELIVERY
1.) Buyer issues ICPO with Seller Procedures along with
Buyer Company Profile and Passport Copy
2.) Seller issues Draft Contract along with Commercial
Invoice. Buyer signs and Returns.
3.) Seller lease storage tanks at the loading port ready for
injection and send to Buyer the below Partial Proof of Documents via Fax to
Buyer/Buyer’s Bank
a.)
Allocation Transaction Passport Code Certificate
b.)
Authority/ Authorization to Sell (ATS)
C.)
Certificate of Conformity
d.) Dip
Test Result of Product (Quality passport as per Russian GOST Standard)
e.)
Letter of Commitment to Supply
f.)
Pre- Injection Receipt (PAID BY SELLER)
g.)
Tank Reservoir Agreement
4.) Seller, Buyer, Tank Farm opens communications with
the Transportation Company (Pipeline/Railway)
To summarize
the product injection schedule date and time of arrival to the seller leased Ex
Shore
Storage tanks
at the Loading port. (NOTE: All Documents including Pre injection Receipt will
be sent
And receive by
fax). Buyer will take responsibility of
the products injection costs.
5.) All parties sign NCNDA/IMPFA
6.) Seller issues (DTA) Dip Test Authorization, Complete
Fuel injection Report from the
Pipeline(Railway) Transportation company.
7.) Upon Satisfactory Dip Test inspection carried out by the
buyer/ SGS, Seller immediately issues the transfer of product
ownership/Certificate of ownership to buyer’s company alongside with all
necessary Export documentation.
8.) Buyer releases full cost of the liftable product via
MT103 TT Wire transfer to Seller’s nominated account within 48 hours and
lifting commences
9.) Seller pays all intermediaries involved in the
transaction.
FOB PROCEDURE 2
TRANSACTION TERM FOR FOB DELIVERY
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) 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 buyer’s expenses and sends TSR.
5) Seller
issues the following document to all intermediaries involve in the Transaction
and to buyer.
•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.
7.) Seller’s
(Bank) pays all intermediaries within 24 Hours of MT103 Transaction. If the
above negotiation terms and working procedures are acceptable by your company
kindly issue an ICPO inserting the above working procedures in the ICPO in
order for an acceptance.
FOB PROCEDURE 3
TRANSACTION TERM FOR
FOB (ALTERNATE) DELIVERY
1. Buyer issues Irrevocable Corporate
Purchase Order (ICPO) with seller procedures along with Buyer Company Profile
and Valid Passport Copy.
2. Seller issues Draft Contract along
with Commercial Invoice. Buyer sign and return to seller along with verifiable
storage tank coordinates. (Tank Farm Company), Tank Storage Agreement (TSA)
Seller verifies and approves Buyer’s
tank farm coordinates, (TSA)
3. Seller provides following PPOP documents via Fax only to Buyer/Buyer’s Bank
✓ Authorization/Authority to Sell (ATS)
✓ Certificate Allocation Transaction Passport Code Certificate
✓ Product Quality Passport (Dip Test result of Product)
✓ Letter of Commitment to Supply
✓ Pre-Injection receipt.
✓ Reservoir Storage Receipt.
✓ Certificate Allocation Transaction Passport Code Certificate
✓ Product Quality Passport (Dip Test result of Product)
✓ Letter of Commitment to Supply
✓ Pre-Injection receipt.
✓ Reservoir Storage Receipt.
4. within 3 days Upon the receipt
& verification of the above PPOP documents, Buyer provide storage tank that
will be suitable and accepted by seller to inject the product, prior to the
leasing of the tank, seller have to give approval to buyer before buyer proceed
with the leasing of his appointed tank.
5. Buyer provides verifiable Tank
Storage Receipt (TSR), Authorization to Inject (ATI) Document of his rented
Shore tank at the Loading port to the seller.
6. All parties sign NCNDA/IMFPA.
7. Seller issues (DTA) Dip Test
Authorization, Complete Fuel Injection Report from the Pipeline / Rail way
Transportation Company.
8. Upon satisfactory Dip Test
Inspection carried out by the buyer / SGS, Seller immediately issues the Title
Transfer of Product Ownership / Certificate of Ownership to buyer’s company
alongside with all necessary Export Document.
8.1. Buyer releases full cost of the
Lift able product via MT103 TT wire transfer to Seller’s nominated Account with
48 hours and Lifting commence.
8.2. Seller pays all intermediaries
involved in the transaction
CIF PROCEDURE
TRANSACTION TERM FOR
CIF DELIVERY
1. Buyer issues Irrevocable Corporate Purchase Order or
Letter with seller procedures along
with Buyer Company Profile and Valid Passport Copy.
2. Seller issues to buyer the Sales and Purchase
agreement contract with Commercial Invoice (for Spot Buy), Buyer signs with
initials and return to the seller.
3. Seller sends to buyer the below Partial POP Documents
via Fax/Email
Authority/Authorization
to Sell (ATS)
Certificate
of Conformity
Letter
of Commitment to Supply
Product
Quality passport (Dip Test Result of Product)
Tank Storage
Agreement – Tank Storage Receipt
4. Within 3 days Upon Receipt and Confirmation of the POP
documents, Buyer releases Financial Commitment information via T/T Wire
Transfer which serves as Security guarantee that the buyer will not default on
the transaction. (This is a Bank to Bank Verification of Funds only.. NO MONEY
is transferred at this time)
5. NCNDA/IMFPA to be signed by all parties to secure
payment of Commissions
6. Seller signs Chartered Party Agreement (CPA) with
shipping company and concludes booking of vessel, shipping schedule and
preparation with port authority.
7. After Confirmation of the Buyer’s Financial Commitment
Information. Seller will issue to buyer’s bank within 4 days the full shipment
documents, plus 2% performance bond via swift bank to bank transfer.
8. Buyer’s Bank Officer verifies to buyer the swift of
full POP & 2% performance bond and then issues via swift, payment
INSTRUMENT acceptable to Seller’s Bank.
9. Delivery Commences per Schedule
10. Upon arrival of Vessel at Discharge Port, the cargo will
be subject to CIQ/SGS inspection at the buyer’s expense. Upon completion of SGS
Inspection buyer makes the 100% payment via MT103-T/T wire
transfer within 72 hours from issuance of CIQ/SGS certificate at Discharge
port.
11. Upon Receipt of Buyer’s T/T wire payment, seller’s bank
pays all intermediaries within 24 hours.
(DIP AND PAY)
TRANSACTION PROCEDURES
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)
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 buyer’s
expenses and sends TSR.
5)
Seller issues the following document to
all intermediaries involve in the Transaction and to buyer. •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.
If the above negotiation terms and
working procedures are acceptable by your company kindly issue an ICPO
inserting the above working procedures in the ICPO in order for an acceptance.
Limited Supply
Offer Can Change At Any Time
ROCK-TIES
