PRODUCT EN590 10PPM
JET A1 FUEL
PRICE
Gross: $520 USD MT/Net $510 USD MT
Gross $82 USD per BBL/Net $80 USD per BBL
BASIS
FOB FOB
QUANTITY
100,000-200,000 Metric Tons
1,000,000-2,000,000 Barrels
VESSEL TO TANK PROCEDURES
1. Upon acceptance of sellers procedure by mail, buyer issues Purchase Order (ICPO) and Tank
Storage Agreement.
2. Upon acceptance of buyer ICPO/TSA, Seller issues Commercial Invoice to be signed by seller and
buyer.
3. Buyer signs the commercial invoice and returns to seller, the signed CI, seller issues the POP
Documents as shown below:
a). Q&Q Report
b). Ullage Report
c). Clean–on–board Ocean Bill of Lading/Q88
d). Export License
e). Cargo Manifest
4. Within 3 business days of Buyer confirmation the above POP documents of the arriving loaded
vessel, buyer provide below Tank details from the approved tank farm to enable seller commence
Injection once the Vessel is moored.
a). TANK RECEIPT valid for 7 days (Minimum)
b). Notice of Readiness issued by Storage Tank Company
c). AUTHORITY LETTER TO VERIFY / INJECT
5. Upon vessel arrival at Buyer’s nominated port, Vessel Captain Shall Berth the Vessel at the
Buyer Tank Terminal for Injection process to take place, and trans loading/injection commences and
upon completion of Injection into buyers Tank, the SGS inspectors’ team will be invited for
carrying out the DIP TEST Q&Q.
6. Upon successful Q&Q including Dip Test, BUYER pays for product by Wire Transfer / Swift MT-103
into the
Seller’s account.
7. Seller transfers the Ownership of the product to buyer and hands over all documents including
Certificate of
Origin.
8. Seller Pays commissions to all intermediaries, Both Parties proceed with the signing for a 12
Months FOB contract upon completion of the first trial order, payment SBLC + MT103 for long term
contract.
FOB CI DIP & PAY Transaction Procedure Tank To Tank (TTT)
1. Seller mandate issues SCO, buyer issues official ICPO including buyer company certificate and
buyer international passport to the seller.
2. Seller Acknowledges Buyer ICPO and issues Commercial Invoice, Buyer signs and return back
Commercial Invoice (CI) along with Tank Storage Agreement (TSA).
3. Seller provides Buyer with the Below Listed PPOP:
a) Certificate Of Origin
b) Dip Test Authorization (DTA)
c) Injection Report (IR)
d) TSR
e) (ATSC
4. Buyer endorse DTA with his Tank Farm or Extend Seller Tank to enable Buyer receive full GPS
coordinates of the tanks, Hub Numbers, Terminal Access Permit to dip test in Seller Tank and obtain
fresh SGS Report.
5. After a successful Dip Test in Seller’s tanks, Buyer takes over seller’s tank or Seller injects
into buyer’s vessel
/ Tank and the buyer makes the payment for the total value of the product injected into the tanks
through the means of MT103-TT.
6. Upon seller receives the payment for the product from the buyer, the seller issues to the buyer
the Title ownership of the product and all exporting documents of the Product. The seller pays all
Intermediaries involved in the transaction.
