We are working with a fuel title holder for Jet A1. 2M+ Bbls available for a year contract -6/4 PLATTS. Not allocation holder, actual owner of the fuel. FOB TRANSACTION PROCEDURES
1) Buyer issues LOI to Seller
2) Seller issues SCO to Buyer (with these procedures therein).
3) Buyer issues: ICPO to Seller with Buyer s Company Profile (CP),
banking information; Company Registration (CR), photocopy of
Buyer s Signatory s passport and Proof of Funds (MT799) from a
qualified Financial Institution. This document will be accepted and fully executed by the Seller.
4) The Seller will prepare and issue an SPA covering the contract
delivery of 12 cargoes of fuel.
5) Seller provides Buyer the Order Number for
the Dip Tests completed on this fuel prior to injection or
ATSC. (PARTIAL POP DOCUMENTS)
6) Buyers Team verifies the product titleholder and the product, and Sellers legal right to sell-it.
7) Buyer issues to Sellers a verifiable Proof of Funds Bank
to Bank.
8) Seller verifies and issues to Buyer the following POP documents:
a. ATV - Authorization to Verify
b. COO - Certificate of Origin
c. Report (Issued within the previous 48 hours)
9) Buyer verifies POP injection of fuel commences.
10) After injection, the buyer shall have the right to initiate a Dip
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