Vopak to Vopak deals prices EN590 10 ppm US$ 540/MT, Jet fuel A1 is $82/bbl
Procedure as follows:
*VOPAK TO VOPAK*
*ROTTERDAM ð??³ð??± HOUSTON ð??ºð??¸*
ð??¢ï¸? *EN590 10PPM*
NON SANCTIONED
*PRE QUALIFICATION STEPS*
1. Buyer to provide CIS
2. Upon acceptance, Seller details will be provided for issuance of ICPO
*PROCEDURE*
1. BUYER to issue ICPO addressed to SELLER for verification and approval
2. SELLER to issue CI. BUYER signs and returns CI within 24 hours
3. SELLER to issue Authorization to BUYER for BUYER's Vopak Terminal Manager to communicate with SELLER's Vopak Terminal Manager to verify the existence of the products.This is to allow BUYER to verify fuel is real
4. After confirmation from BUYER's Vopak Terminal Manager, BUYER's Vopak Terminal Manager submits below documents to SELLER's Vopak Terminal Manager:
* Vopak Terminal Agreement or Vopak Reference Code
* Vopak Barcode
5. BUYER finalizes the Vopak Terminal Protocols
6. SELLER to issue Full POP documents to BUYER's Vopak Terminal Manager and injection begins
7. Upon completing the injection, BUYER makes full payment via MT103 TT and SELLER transfers title to BUYER
8. SELLER pays commission to its own intermediaries until the Contract is complete along with all rolls and extensions.
EN590 10ppm & Jet Fuel A1 available .Tank to Tank procedure :
TRANSACTION PROCEDURES FOR FOB â??TTTâ??
(TANK-TO-TANK)
1. Buyer issues ICPO together with tank storage agreement (TSA) for
seller approval.
2. Seller issues Commercial Invoice (CI), ICC WARNING LETTER for the
available product quantity in the
storage tank in the terminal port.
3. Buyer signs and then returns the commercial invoice with NCNDA/IMFPA
signed by all buyer Groups
with commission structures.
4. Seller Issue (3 DAY unconditional Dip Test Authorization (DTA) to be
endorsed by Sellerâ??s Company,
Buyerâ??s Company and Buyerâ??s chosen Logistic Company. Upon confirmation
of the signed unconditional
Dip Test Authorization (DTA) by both parties, Seller programs the
injection and then issues buyer the
following documents.
A.FRESH SGS REPORT INSPECTED IN LOADING TERMINAL PORT.
B.TANK STORAGE RECEIPT (TSR) WITH GPS COORDINATES).
C.AUTHORIZATION TO VERIFY (ATV).
D.INJECTION REPORT SHORE TANK.
E.CERTIFICATE OF ORIGIN.
F.AUTHORIZATION TO SELL & COLLECT (ATSC).
5. Buyer upon physical verification of the product and PPOP
confirmation, contracts SGS to conduct the
Dip test in Seller Storage Tank on Buyerâ??s expense.
6. Upon successful Dip Test, Buyer presents the tank storage receipt
(TSR).
7. Seller commences injection immediately into buyer tank and â??issues
buyer Title of Ownership
Certificate to be followed by all export Documentation.
8. Buyer makes payment by MT103 or TT wire transfer for the total
product and lifts the product, andseller pays all
intermediary involved in the transaction
1. Buyer issues an official ICPO with the seller's procedure, passport copy, banking details along
with their Tank Storage Agreement "TSA".
2. Seller issues their Commercial Invoice "CI" to the buyer, Buyer signs and returns the commercial
invoice to the seller along with an Acceptance Letter of the sales and purchase procedure.
3. Seller verifies the buyer's storage facility and their Tank Storage Agreement (TSA) with the port
authority. (NB: Seller will issue a Tank-to-Tank Injection Agreement (TTIA) to be signed by all
parties only if buyer's TSA is engaged, not active or cannot be verified with the local port
authority).
4. Seller issues all POP documents below to the buyer upon a successful verification and approval
of the buyer TSA or after receiving the TTIA fully signed by all parties:
a. Injection Report.
b. Product Passport.
c. 24 Hours SGS Report.
d. Product Certificate of Origin.
e. Tank Storage Receipt (TSR).
f. Authorization to sell and collect.
g. Unconditional Dip-Test Authorization.
h. Product Title Holder Transfer Agreement.
i. NCNDA/IMFPA.
5. If required buyer may inspect by SGS (Dip Test In Tanks) at buyer's expense.
6. Upon successful verification of POP or Dip Test in the seller's tank, buyer provides Tank Storage
Receipt (TSR) to seller in order to issue the scheduled Injection Programming (IP) to be signed by
buyer storage facility and then injects the product into buyer's tanks.
7. Buyer makes the payment for the product via MT103, seller transfers the Title Holder &
Ownership of the product to the Buyer.
8. After successful Trial Lift (First Lift), Seller issues SPA/Contract for 12 months with R&E to
Buyer for processing.
9. Seller pays commissions to all intermediaries involved, for the initial lift and all subsequent lifts
according to the signed NCNDA/IMFPA.
Product: Diesel fuel EN590 10PPM
Origin: Kazakhstan
QTY: Trial 100,000. MT
FOB Price: $450. Per MT
Commission: $5 to Buyer team (open)
TTM AT SELLERâ??S STORAGE TANK FACILITY PROCEDURE: TTT
FOB:ROTTERDAM/HOUSTON/FUJAIRAH /JURONG, (NON-NEGOTIABLE):
Note: TSA must be European or American reputed company with acceptable operational record and no adverse past records, it's ensures the seller works with trustworthy and reliable partners.
Buyer need to get TSA approval first
Transaction Procedure:
1.Buyer submits an ICPO along with TSA, for the sellerâ??s Verification and Registration with the Port Authorities.
2.The seller issues a draft Commercial Invoice (CI) to the buyer.
3.The buyer signs and returns the CI to the seller.
4.The seller issues DTA to Buyer on behalf of Sellerâ??s storage tank. This DTA is to be completed by the buyerâ??s nominated storage tank company as a formal confirmation of the buyerâ??s legitimate commitment and operational readiness before having TTM in Sellerâ??s Storage tank facility.
5.Buyer returns the DTA from the buyerâ??s nominated Logistics Company. This enables the buyer and buyerâ??s team to conduct a TTM and Dip Test at the Sellerâ??s Storage Tank.
6.Upon approval of the DTA by the buyerâ??s logistics company, the meeting is scheduled for a specific date and time. The meeting agenda includes:
a. Verification of identification documents for all attendees.
b. Presentation of Proof of Funds (POF) by the buyer.
c. Presentation of hardcopy of All Proof of Product (POP) documents and SGS
certification by the seller within 48 hours of fresh inspection.
7.After a successful meeting, Seller issues NCNDA/IMFPA to Intermediaries for further processing.
8.The seller injects the product into the buyerâ??s storage tank.
9.The buyer makes the full payment for the confirmed product as indicated in the CI.
10.The seller transfers ownership of the product to the buyer as per the buyerâ??s instructions. The buyer lifts the product.
11.The seller pays all intermediaries involved in the transaction. Subsequently, monthly contract proceed as outlined in the terms and conditions of the sales and purchase agreement between the buyer and seller.
