Fuel-JP54-D6 CIF Procedures

AVIATION KEROSENE COLONIAL (GRADE 54 / JET FUEL A-1)

 Quantity: Minimum: 500,000 BBLS Trial Shipment / Maximum: 5,000,000 BBLS Monthly

CIF Price: $38 GROSS / $36 NET             

            FOB Price: $38 GROSS / $34 NET

            Commission: $2 / $2

VIRGIN D6 FUEL OIL

Quantity:     Minimum: 10,000,000 Gallon Trial Shipment / Maximum: 500,000,000 Gallon

Monthly:      CIF: $0.76 / $0.72    

                       FOB: $0.72 / $0.68

                       Commission: $0.02 / $0.02

CIF PROCEDURE SUPPLIER 1

1. Buyer Issue ICPO

2. Seller Issues CI and Draft of SPA for amendment and countersigning.

3. Seller send’s partial POP to Buyer via email:

(a) Statement of Availability of Product

(b) Commitment to Supply

(c) Product Passport

4. Seller appoints and signs charter Party Agreement with the buyer and the Shipping Company. Buyer pays 10% of the total shipping cost via MT103/TT (non-negotiable) to the shipping company for transporting the product to buyers final discharge port. (Note: This fee will be deducted from the total product value. After confirmation of the 10% payment, shipping company assigns ship for injection of product.)

5. Seller swift the full POP including Q88 to buyer’s bank. Buyer’s Bank swift in return, the irrevocable Non- Transferable Documentary Letter of Credit to the Seller’s Bank.

6. Shipment commences as scheduled in the contract and upon arrival of the cargo at the discharge port and after SGS/CIQ or Equivalent inspection immediately Buyer’s Bank releases the Total value of the shipping to Seller’s Bank within 48 hours (two banking days) ByTT103.

7. Buyer/Seller pays all intermediaries involved in transaction as per NCNDA/IMFPA within 48 hours.

FOB PROCEDURE SUPPLIER 1

1. Buyer issues an ICPO, CP, buyer company registration certificate.

2. Seller issues Commercial Invoice (CI) of the total value amount of stored product to Buyer.

3. Buyer signs and returns CI.

4. Upon receipt of signed CI, Seller issues:

                 a.) Certificate of origin

                 b.) Product Passport

                 c.) Report and Tank Storage Receipt (TSR), and ATV

5. Buyer contacts the Seller’s leased tank farm company, to take over the lease of the refinery's storage tank and receive the product (Buyer pays only for the cost of the days he leases the tank).

6. Seller issues Dip Test Authorization (DTA).

7. Buyer conducts Dip Test and after upon successful results, buyer pays for the product by MT103 or TT in 5 Hours and lifting commences from Buyer’s leased talks to vessel.

8. Seller transfers the ownership title of the allocation to the Buyer’s name. Seller issues to the Buyer Title of Ownership Certificate, to be followed by export documentations.

9. Seller & Buyer pays all intermediaries involved in the transaction: 

a.) Seller Side paid by seller

b.) Buyer Side paid by buyer.

Supply Limited

Offer Can Expire At Any Time

TIESINT