Petroleum Coke, or Petcoke, is a solid, carbon material derived as a byproduct of the oil refining process. Petcoke is typically used as a fuel source in power plants.
PRODUCT: PETROLEUM COKE (Petcoke)
Origin: Russian Federation / Republic of Kazakhstan
Price: Gross $ 102.00/Net $92.00 per Metric Ton
Trial Shipment: One Hundred Thousand (100,000) Metric Tons Available
Loading Port: Novorossiysk / Premorskiy / Ust Luga / Port of Aktau
Discharging Port: CIF safe world port
Petroleum coke, also known as petcoke, is a solid, black byproduct of oil refining, specifically from the heavy residue remaining after distillation. It's a carbon-rich material used as a fuel source and in the production of various materials, including electrodes for aluminum smelters.
Fuel-grade petcoke is higher in sulfur and metals, making it suitable for use as a fuel source. Anode-grade petcoke, on the other hand, is lower in sulfur and metals and is typically used in the production of anodes for the aluminum industry.
PETROLEUM COKE (PETCOKE)
Minimum Quantity: 50,000 MT
Maximum Quantity 300,000 MT
FOB Price: Gross $320:$310 Net
CIF Price: Gross $350:$340Net
PROCEDURES FOR CIF
1. Buyer accepts Sellerâ??s procedure and issues ICPO with the following: banking details, company
profile, and passport copy. 2. Seller acknowledges Buyerâ??s ICPO and issues contract to Buyer open for
amendment. 3. Seller makes the final signature, notarized the contract with appropriate authorities,
convert to
pdf and send to Buyer as final approved copy along with the following:
certificate export license
Certificate of Origin
c). commitment to supply
4. Buyer make 5% guarantee deposit via MT103/TT from product total to enable Seller chatter a
vessel and proceed to loading of product. 5. Buyer shall acquire the vessel information upon successful
guarantee deposit, and Seller shall
immediately issue w.o.t (warrant of title) & furnishes commitment letter to be signed by Buyer,
alongside shipping company before sending the below PPOP documents upon the receipt of the
endorsed:
commitment letter to supply,
certificate of incorporation,
product certificate of origin,
act of transfer commercial invoice,
company tax payer,
fresh SGS export report conducted in vessel quality specification
NOR (Notice of Readiness)
Bill of Lading and SGS report on loading, and
ETA (Estimated Time of Arrival)
6. Shipment commence as scheduled in the contract and upon arrival of the cargo at the discharge
port, Buyerâ??s inspection team carries out CIQ or SGS or equivalent inspection to ascertain quality
and quantity. 7. Product is discharged after successful inspection into Buyerâ??s storage facility, then
Buyerâ??s bank releases payment for total value of the product to Sellers bank within seventy-two (72) hours by
MT103 wire transfer. 8. Seller transfers title of the product to Buyer. 9. Seller pays all
intermediaries/parties involve as outline in the IMFPA
Delivery Terms: CIF / FOB Shipment.
Payment Term: MT103 TT Wire Transfer.
Quality: Q&Q test report will be conducted at the loading port by SGS or equivalent at the expense of seller.
Product Origin: KAZAKHSTAN.
Contract Term: 12 months minimum after a successful trial (with rolls and extensions).
Port of Loading: Jurong Port, Singapore, Aktau, Pavlodar, Kuryk, Fujairah, Vladivostok, Rotterdam, and Houston Port.
Petcoke (Calcinable)
ORIGIN: Kazakhstan
SBLC PRICE/MT: 260$ if SBLC
SBLC INSTRUMENT: 110% Irrevocable, Confirmed SBLC Backed by MT 103 at loading port
DLC PRICE/MT: 270$ if DLC
DLC PAYMENT INSTRUMENT: DLC is Irrevocable, Confirmed, Transferable at sight at loading Port
PARTIAL SHIPMENT Allowed
INSPECTION: SGS report loading port by Seller & Discharge Port at Buyer's cost
OTHER REQUISITES: All details after SBLC / DLC
PHYSICAL & CHEM. PROPERTIES
APPEARANCE: Solid Black
ODOR: odorless
SPECIFIC GRAVITY: 1.8-2.1 @ 25 deg.
C % VOLATILITY: <1
Insoluble in water
CIF PROCEDURE AT LOADING PORT (SBLC / DLC)
1. Buyer issues ICPO and Acceptance letter with Seller's delivery procedures on buyer company letterhead along with buyer banking information & company registration certificate.
2. Seller issues SPA to buyer.
3. Buyer signs and returns SPA with Guarantee of compliance, seller issues partial proof of products to buyer:
a. Export License.
b. COO.
c. Irrevocable commitment to supply.
d. Proforma invoice for the 1st shipment.
e. Statement of the availability of product.
4. Within 7 banking days Buyer's bank sends Transferrable, Irrevocable Operative SBLC VIA MT 760 backed by MT 103/Irrevocable, Confirmed Transferable DLC at sight at loading port according to seller's bank verbiage to Seller's nominated bank account for the first shipment.
5. On acceptance by Seller's bank, shares 2% PB only in case of SBLC against contract.
6. No PB for DLC/LC against Spot/Trial Order.
7. Seller shares his shipping arrangement to align for loading & Q&Q process.
8. After loading, BL and quality check certificate generation, Seller's bank submits complete documents for money realization against documents with Buyer's bank.
a. NOR/ETA
b. BOL.
c. Export License.
d. Vessel Questionnaire 88.
e. Port Storage Agreement
f. SGS report at loading port
g. Certificate of Ownership transfer
h. Charter party agreement to transport to discharge port
i. Copy of Transnet signed contract to transport product to loading port
j. Allocation Transaction passport code certificate by Minister of Energy
9. The SGS Inspection borne by the seller at the loading port, and buyer at discharge port
10. Buyer's bank releases payment to seller's bank by MT103 upon receipt of the shipping documents and confirmation of the Q&Q by SGS/CIQ at loading port
11. Shipment commences upon confirmation of buyer's payment and arrives at buyer's discharge port within 5-25 days
12. Seller pays commission within 48 Hours by Swift MT103 to all intermediaries assigned NCNDA/IMFPA
13. Seller/Buyer proceeds to yearly contract as per signed draft contract.
