EN 590 is a European standard defining the requirements for diesel fuel, ensuring
consistency and quality across the European Union. It specifies parameters like sulfur content, density, cetane number, and lubricity to guarantee optimal engine performance and environmental impact. With a maximum sulfur content of 10 ppm, EN 590 diesel promotes cleaner combustion, reducing emissions of harmful pollutants. Its high cetane number enhances ignition quality, leading to smoother engine operation and improved fuel efficiency. Additionally, EN 590 ensures adequate lubrication properties, safeguarding engine components against wear and tear. Overall, EN 590 diesel sets a benchmark for quality, reliability, and eco friendliness in diesel fuels.
Welcome to Neom Star Petroleum Trading in the UAE! We are pleased to meet your petroleum product needs with competitive prices and smooth procedures, through partnerships with some of the most reputable oil refineries. We ensure fast processing with available quantities in Houston and Rotterdam.
In this link nmsgt.com/blogs, you will find strict procedures from 3-4-5, which also include the FOB/CIF system and TTT-TTV-TTO loading.
EN590 FOB TTV Seller Procedure
Origin : Kazakhstan
Loading port: Singapore port
UNIT PRICE : USD 490/MT
PAYMENT TERMS : MT103
TRANSACTION TERM : FOB
1. Buyer accepts seller working procedure and issue ICPO
2. Seller's issues commercial invoice (CI), Buyer signs and returns back commercial invoice.
3. Seller issue TSR with GPS coordinate to Buyer Company,
4. Buyer contacts the Seller's storage facility for tank extension to enable Buyer approval to gain access to the facility and execute the Quality & Quantity Inspection in Seller Tank Farm for FRESH Analytical Report/Result by SGS. ( Note* One day extension fee is 78,000 usd and will be deduct when buyer is paying total amount )
5. After successful DIP test, (NCNDA/IMFPA) will be signed by all parties.
6. Seller injects product into Buyer's vessel or injects into Buyer's tanks Buyer or buyer take over the storage tanks, within maximum 48 hours Buyer pays via MT 103/TT for the spot transaction and seller issues all export documents to buyer.
7. Upon conclusion of first lift transaction seller pays all intermediaries involved in the Transaction and proceeds with the signing of contract with Buyer.
PRODUCTS PRICES AND LIFT ABLE QUANTITIES (FOB)
DIESEL OIL EN590 -10PPM LIFT ABLE QUANTITY
FOB: Minimum Quantity: 100,000 Metric Tons per Month, Maximum Quantity: 300,000 Metric Tons Lift able.
FOB Price: Lowest seller price is $510 and the highest seller price is $575. Loading Ports: Rotterdam |Jurong & Fujairah Ports
Commissions: $10, Seller side - $ 5.00 per Metric Tons / Buyer side - $ 5.00 per Metric Tons, Payable by Seller
FOB TRANSACTION PROCEDURE FOB VOPAK TERMINALS DIP & PAY
ICPO>TSR/TTIA/CI/Injection schedule signed off by Tank storage farm leads to release of full POP. Therefore, you have to have a good relationship with your buyer or pay for the requisite number of days TSR that will get your tank storage to sign off on the relevant document.
We have a few suppliers and are direct to refinery on Kazakhstan, we offer CIF for en590 as well as tank to tank and vessel to vessel.
Buyer may visit multiple times per month to tank farm.
All documentation provided to buyer once inquired for procedures/product profile/CIS/License
Must have signed ICPO and proof of funds to see if buyer is eligible.
- Rotterdam/Netherlands
- Houston/Texas
- Gurung/Singapore
