SOFT CORPORATE OFFER
We Gozov Oil & Gas on behalf of the END SELLER, one of the world’s leading vertically integrated Oil & Gas producer hereby issue this Soft Corporate Offer with presented term conditions and confirm our irrevocable corporate and legal responsibility, under penalty of perjury that we are ready, willing and able to supply the below mentioned products.
|
PRODUCT |
PRICE |
BASIS |
QUANTITY |
|
EN590 10PPM |
Gross: $520 USD MT/Net $510 USD MT |
FOB |
100,000-200,000 Metric Tons |
|
JET A1 FUEL |
Gross $82 USD per BBL/Net $80 USD per BBL |
FOB |
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.
Gozovoilandgas.com
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.
