Fuel-D6-JP54 FOB and CIF Procedures

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. 

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