Country of Origin: Mongolia
Seller: Energy Resource LLC (Mongolian State Coal Company)
Current product location: China, Ganqi Maodu Port Coal Yard
Quantity: 600,000 tons
Price: 94$/MT
It is a special supply at a very low price, and the deal method is as follows.
-Buyer submits LOI
-Mongolian Seller notifies Seller of schedule for visit to Mongolian plant
-On that date, the seller visits Mongolia and sign contracts
FOB TRANSACTION DELIVERY PROCEDURE
1. The Buyer sends the Seller the ICPO on the Company's letterhead and its seal, as well as the names of the directors) who signed it, with a copy of the valid international passport (or other identification document).
2. The Seller sends the Buyer the Commercial Invoice, which is returned signed and stamped, accepting it in full. Seller releases Inspection Approval Letter to Buyer to be signed by the Buyer and the Buyer's Tank Farm.
3. The Seller sends the Buyer the following POP:
3.1 TSR
3.2 Injection report
3.3 UDTA
3.4 ATV
3.5 Certificate of Origin.
3.6 Fresh SGS report
3.7 ATSC
4 The Buyer verifies the product in the Seller's tank (dip test) through the SGS Company or similar.
5 The Buyer makes full payment for the product through MT103 TT 24 hours after verification.
Seller injects the product into the Buyer's Tank.
7 The Seller pays commissions to all intermediaries involved in the transaction.
Minimum Quantity: 50,000 MT per Month
Maximum Quantity: 400,000 MT per Month Quantity:
500,000, Mt tons for the first lift
Delivering: FOB/CIF Rotterdam/Houston/Jurong/Qingdao/Fujairah
CIF Price: USD $510.00 MT/USD $490.00 NET
FOB Price: USD $460.00 MT/USD $440.00 NET
PAYMENT TERMS: T/T WIRE TRANSFER & MT103 INSPECTIONS: SGS
TRANSACTION WORKING PROCEDURE FOB ROTTERDAM/HOUSTON/FUJAIRAH
1. Buyer accepts seller working procedure and issue ICPO addressed to the End seller
via Seller's representative.
2. Seller issues commercial invoice (CI) and Buyer signs and returns back commercial
invoice along with Buyer's Tank
storage agreement (TSA).
3. Seller provides buyer with the below listed PPOP.
A. Product Passport (product analysis report)
B. Authorization to verify (ATV) via email or call
C. Authorization to verify (ATV) via email or call
Commitment Letter to Supplier
D. Authorization to sell and collect (ATSC)
E. Tank to Tank Injection Agreement (TTIA) to be signed by Buyer's tank farm
4. Seller provides buyer with SGS report, Injection Report, unconditional DTA
5. (NCNDA/IMFPA) will be signed, buyer within 24 hours after successful dip test in seller
tanks provide tank storage receipt (TSR) seller proceed for Tank-to-Tank injection and
provide buyer with the injection report of the product into buyer tanks.
6. Buyer makes payment for total cost of product injected into buyer tanks via MT103,
Seller transfer title ownership to buyer with all exportation documents required of buyer
for the transaction.
7. Upon conclusion of first lift transaction, seller pays all intermediaries involved in the
Transaction and proceeds with the signing of contract with Buyer
8. Buyer pays the buyer side and seller pays the seller side same time Buyer pays Seller
for fuel
WE ALSO HAVE SPOT FOB DIP & PAY PROCEDURE, FOB TANK TO TANK WORKING PROCEDURE, TANK TO VESSEL PROCEDURE FOB, TANK TO VESSEL-ROTTERDAM/HOUSTON/FUJAIRAH/JURONG PORT, CIF, TANK TAKE OVER (TTO) PROCEDURE.
DIESEL EURO 4
Minimum Quantity: 50,000 MT
Maximum Quantity 1,000,000 MT
FOB Price: Gross 340 USD Net 330 USD
CIF Price: Gross 370 USD Net 360 USD
PROCEDURES DIP & PAY FOB
1. Buyer Issues ICPO alongside with TSA. And Company registration certificate
2. Seller issue CI. The buyer signed and return back along with the Commitment letter to perform. 3. Seller
issue below documents to the buyer as follow. Authorization to Sell and Collect (ATS & C)
Certificate of Origin
Statement of Product Availability
Commitment to Supply
Company Registration Certificate
4. Buyer and seller Agreed Negotiations on tanks extension to conducts Dip-test in Seller tank
with SGS official and receives fresh SGS report not less than 24 Hours. 5. Within 72 Hours, Buyer provides
TSR or Vessel storage for the injection of the product into Buyer
hired Tanks or Vessel. 6. Upon successful dip test and injection Buyer pays total cost of product MT103. 7.
Seller confirms Buyer payment; Seller pay commission to all involved mandate according to the
transactions. 8. Contract Begins with Rolls and Extensions for 12 months.)
WE HAVE ALSO FOB TANK TAKE OVER WORKING PROCEDURE, CIF, FOB TANK TO VESSEL PROCEDURE, FOB ROTTERDAM PROCEDURE, FOB TANK TO TANK PROCEDURE, TANK TO TANK/VESSEL TRANSACTION PROCEDURE, TABLE TALK MEETING PROCEDURE (TTM)
MT103, TT wire transfer. Any Buyer Mandate, Facilitator, Agent, Representative, Intermediary or Broker (who has no signed NCNDA with us) requesting to receive and/or to know the name and details of our Seller must first sign a standard NCNDA issued by the ICC that protects both sides; No information on past performances from the Seller is issued to any third party as it violates the Confidentiality Agreement signed between Seller and Buyers;
If ICPO is to issue the Buyer should copy the Procedures of Seller in full without deviation and without change as any change will render ICPO unacceptable to Seller.
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
DIESEL FUEL EN590 (10/50 PPM)
Minimum Quantity: 50,000 MT
Maximum Quantity 500,000 MT
FOB Price: Gross 490 USD Net 480 USD
CIF Price: Gross 520 USD Net 510 USD
PROCEDURES DIP & PAY FOB
1. Buyer Issues ICPO alongside with TSA. And Company registration certificate
2. Seller issue CI. The buyer signed and return back along with the Commitment letter to perform. 3. Seller
issue below documents to the buyer as follow. Authorization to Sell and Collect (ATS & C)
Certificate of Origin
Statement of Product Availability
Commitment to Supply
Company Registration Certificate
4. Buyer and seller Agreed Negotiations on tanks extension to conducts Dip-test in Seller tank
with SGS official and receives fresh SGS report not less than 24 Hours. 5. Within 72 Hours, Buyer provides
TSR or Vessel storage for the injection of the product into Buyer
hired Tanks or Vessel. 6. Upon successful dip test and injection Buyer pays total cost of product MT103. 7.
Seller confirms Buyer payment; Seller pay commission to all involved mandate according to the
transactions. 8. Contract Begins with Rolls and Extensions for 12 months.)
WE HAVE ALSO FOB TANK TAKE OVER WORKING PROCEDURE, CIF, FOB TANK TO VESSEL PROCEDURE, FOB ROTTERDAM PROCEDURE, FOB TANK TO TANK PROCEDURE, TANK TO TANK/VESSEL TRANSACTION PROCEDURE, TABLE TALK MEETING PROCEDURE (TTM)
MT103, TT wire transfer. Any Buyer Mandate, Facilitator, Agent, Representative, Intermediary or Broker (who has no signed NCNDA with us) requesting to receive and/or to know the name and details of our Seller must first sign a standard NCNDA issued by the ICC that protects both sides; No information on past performances from the Seller is issued to any third party as it violates the Confidentiality Agreement signed between Seller and Buyers;
If ICPO is to issue the Buyer should copy the Procedures of Seller in full without deviation and without change as any change will render ICPO unacceptable to Seller.
AUTOMOTIVE GAS OIL (AGO)
Minimum Quantity: 50,000 MT
Maximum Quantity 500,000 MT
FOB Price: Gross 320 USD Net 310 USD
CIF Price: Gross 350 USD Net 340 USD
PROCEDURES DIP & PAY FOB
1. Buyer Issues ICPO alongside with TSA. And Company registration certificate
2. Seller issue CI. The buyer signed and return back along with the Commitment letter to perform. 3. Seller
issue below documents to the buyer as follow. Authorization to Sell and Collect (ATS & C)
Certificate of Origin
Statement of Product Availability
Commitment to Supply
Company Registration Certificate
4. Buyer and seller Agreed Negotiations on tanks extension to conducts Dip-test in Seller tank
with SGS official and receives fresh SGS report not less than 24 Hours. 5. Within 72 Hours, Buyer provides
TSR or Vessel storage for the injection of the product into Buyer
hired Tanks or Vessel. 6. Upon successful dip test and injection Buyer pays total cost of product MT103. 7.
Seller confirms Buyer payment; Seller pay commission to all involved mandate according to the
transactions. 8. Contract Begins with Rolls and Extensions for 12 months.)
WE HAVE ALSO FOB TANK TAKE OVER WORKING PROCEDURE, CIF, FOB TANK TO VESSEL PROCEDURE, FOB ROTTERDAM PROCEDURE, FOB TANK TO TANK PROCEDURE, TANK TO TANK/VESSEL TRANSACTION PROCEDURE, TABLE TALK MEETING PROCEDURE (TTM)
MT103, TT wire transfer. Any Buyer Mandate, Facilitator, Agent, Representative, Intermediary or Broker (who has no signed NCNDA with us) requesting to receive and/or to know the name and details of our Seller must first sign a standard NCNDA issued by the ICC that protects both sides; No information on past performances from the Seller is issued to any third party as it violates the Confidentiality Agreement signed between Seller and Buyers;
If ICPO is to issue the Buyer should copy the Procedures of Seller in full without deviation and without change as any change will render ICPO unacceptable to Seller.
Minimum Quantity: 50,000 MT
Maximum Quantities 1,000,000 MT
FOB Price: Gross 320 USD Net 310 USD
CIF Price: Gross 350 USD Net 340 USD
PROCEDURES DIP & PAY FOB
1. Buyer Issues ICPO alongside with TSA. And Company registration certificate
2. Seller issue CI. The buyer signed and return back along with the Commitment letter to perform. 3. Seller
issue below documents to the buyer as follow. Authorization to Sell and Collect (ATS & C)
Certificate of Origin
Statement of Product Availability
Commitment to Supply
Company Registration Certificate
4. Buyer and seller Agreed Negotiations on tanks extension to conducts Dip-test in Seller tank
with SGS official and receives fresh SGS report not less than 24 Hours. 5. Within 72 Hours, Buyer provides
TSR or Vessel storage for the injection of the product into Buyer
hired Tanks or Vessel. 6. Upon successful dip test and injection Buyer pays total cost of product MT103. 7.
Seller confirms Buyer payment; Seller pay commission to all involved mandate according to the
transactions. 8. Contract Begins with Rolls and Extensions for 12 months.)
WE HAVE ALSO FOB TANK TAKE OVER WORKING PROCEDURE, CIF, FOB TANK TO VESSEL PROCEDURE, FOB ROTTERDAM PROCEDURE, FOB TANK TO TANK PROCEDURE, TANK TO TANK/VESSEL TRANSACTION PROCEDURE, TABLE TALK MEETING PROCEDURE (TTM)
MT103, TT wire transfer. Any Buyer Mandate, Facilitator, Agent, Representative, Intermediary or Broker (who has no signed NCNDA with us) requesting to receive and/or to know the name and details of our Seller must first sign a standard NCNDA issued by the ICC that protects both sides; No information on past performances from the Seller is issued to any third party as it violates the Confidentiality Agreement signed between Seller and Buyers;
If ICPO is to issue the Buyer should copy the Procedures of Seller in full without deviation and without change as any change will render ICPO unacceptable to Seller.
Buyer confirms Soft Offer and issues an official ICPO with BUYER CIS.
Seller issues Draft Sales and Purchase Agreement to Buyer. Buyer returns the signed contract to Seller along with a LETTER OF ACCEPTANCE.
Seller reviews the signed contract and sends a copy of the signed and sealed contract in PDF to the Buyer.
Seller releases the following Partial POP Documents to the Buyer for confirmation:
(a) Refinery Commitment to Supply
(b) Certificate of Origin
(c) Statement of Product Availability
(d) Product Quality Passport (Analysis Test Report)
(e) Cargo Manifest
(f) Bill of Lading
(g) Vessel Tanker Q88
Buyer's bank issues SBLC MT760 or DLC MT700 as a guarantee to the Seller's nominated fiduciary bank account in China or Hong Kong for the value of the first shipment only, upon approval by the appropriate port authority of the shipping documents received by the Buyer.
If the Buyer fails to issue SBLC MT760 or DLC MT700, the Buyer must make a 1% payment within 48 hours (3 banking days). Otherwise, the contract will be terminated.
Upon confirmation of SBLC MT760 or DLC MT700 / 2% TT Wire / MT103 deposit received, the Seller's Shipping Agent Company entrusts the Buyer's Forwarder Agent at the destination port. The Seller s shipping company opens communication between the Buyer's forwarder agent and the vessel captain to enable the vessel master to release all shipping documents to the Buyer s forwarder agent for port clearance and maritime declaration.
The Seller also opens a 2% PB as a guarantee to continue the order to delivery.
All parties involved sign the NCNDA/IMFPA.
Buyer contacts the shipping company to re-direct the route of the vessel to the Buyer's import location, and the Seller transfers the title to the Buyer's company's name. Upon arrival of the vessel at the Buyer's discharge port, the Seller issues an Authorization for the Buyer's representatives and inspection team to board the vessel and conduct Q&Q Inspection.
Within 3 working days of the vessel s arrival, the Buyer releases full payment via MT103 after CIQ/SGS inspection at the destination port.
The Seller pays all intermediaries accordingly within 72 hours.
Buyer Action: Buyer confirms Seller's SCO (procedure) and issues an ICPO along with a storage agreement and an endorsed IMFPA/NCNDA.
Commercial Invoice: Seller issues a Commercial Invoice for the available product in the Seller's tank storage.
Invoice Confirmation: Buyer signs the Commercial Invoice and returns it to the Seller within 24 hours.
Full POP Release: Within 24 hours, the Seller releases the full POP (Proof of Product) to the Buyer's bank or directly to the Buyer's secured email. The POP includes:
a. Unconditional Dip Test Authorization Letter (UDTA)
b. Authorization to Sell and Collect Funds (ATSC)
c. Fresh SGS Report on Shore Tank (dated less than 24 hours)
d. Injection Report on Shore Tank (IRR)
e. Product Passport and Analytical Report
f. Tank Storage Receipt (including GPS, Hub, Bar-Hub, Bar-Code, and all details)
g. Certificate of Origin (COO)
h. Attestation of Allocation (ATOA)
i. Authorization to Verify Product (ATV)
Dip Test: Upon successful verification and confirmation of the product, the Buyer conducts a dip test by SGS at the Seller's tanks. The cost is borne by the Buyer.
Payment and Transfer: After a successful dip test, the Buyer pays for the product in the tank via MT-103 wire transfer. The Seller then begins transferring the product into the Buyer's tanks.
Intermediary Payment: Seller pays intermediaries according to the IMFPA/NCNDA within 24 hours after the transaction.
Contract for Future Supply: Upon completion of the trial transaction, the Seller issues the Buyer a draft Sales and Purchase Agreement (SPA) for a 12-month supply
Commodity: DIESEL EN590 10PPM
Term: CIF Any Safe Port
Quantity: 200,000 TM per 12 Months
Total Qty: 2,400,000 TM
Origin: Germany
Duration: Twelve Months, with rollovers and extensions
Delivery: Currently, the Shipment will be from the Supplier's Vessel to the designated Buyer's Tank or Vessel in Any Safe Port.
Price: CIF Northwest Europe Cargoes (Platts Code: AAWZC00) set (locked) on the date of the Bill of loading minus 40$/MT, including commissions.
Inspection: SGS or similar Inspection at loading port and discharge port.
Payment: Within 72hrs from acceptance of vessel at discharge port and after injection, Buyer makes full payment for the total value of the product as per the signed CI and Q&Q via Telegraphic Transfer MT103.
CIF German Origin/EU Origin / Discharge Rotterdam or Any Safe Port
1. Buyer issues Letter of Intent (LOI)
a. Must include fuel type:
b. Volume and Frequency:
c. Discharge Port:
2. Seller issues Full Corporate Offer (FCO) with full Procedures
3. Buyer signs and provides direct contact details for Buyer Signatory
4. Buyer will contact Seller directly providing Proof of Funds (POF)
5. Seller issues SPA
a. Buyer signs and returns SPA
b. Once SPA is signed and returned Buyer has five days to post MT-799 followed by
MT-760 SBLC Guarantee
c. Seller issues Performance Bond
6. Seller Loads Vessel and shares schedule for departure to Discharge Port
a. Seller begins issuing POP documents including but not limited to:
Vessel Q88 Master contact details, Charter Party Agreement, Vessel load injection
report, Product Export license, Vessel Manifest, Ullage report, Certificate of Origin,
Master receipt, Customs Clearance from loading port, declaration of availability of
the products, Copy of the refinery commitment to supply, Certificate of ownership,
Allocation transaction passport code (ATPC) Certificate.
7. Within 72hrs from acceptance of vessel at discharge port, Buyer makes full payment for the total value of the product as per the signed CI and Q&Q via Telegraphic Transfer MT103
8. Seller immediately makes payment to Intermediaries in accordance with NCNDA/IMFPA
9. Buyer and Seller discuss and execute next Shipment per Contract SPA
Buyer should be advised of the following:
- Once vessel is in Discharge Port Terminal and fuel undergoes a fresh Q&Q, Buyers bank has Seventy-two hours to MT103 to Sellers bank.
- The Seller is responsible for all costs related to logistics ensuring delivery to Buyers discharge port.
- At NO time is Buyer required to pay any fees in advance. Payment occurs once fuel is delivered and verified. Buyers SBLC remains intact and is never broken down.
1. Buyer confirms Procedure / SCO, buyer issues an official ICPO and copy of CEO's passport identification.
2. Seller issues Draft Sales and Purchase Agreement (SPA/MOU) to buyer.
3. Buyer writes a letter of guarantee to perform to be presented in a signed /stamped letter of request on the buyer company's letter headed paper.
4. Buyer returns signed SPA with the letter guarantee to perform to the seller for legalization.
5. Seller reviews the signed contract acknowledged and legalizes it through the Ministry of Energy. The cost of legalization must be borne by the Seller.
6. The below notarized listed PPOP by the Export Control Department is released for the buyer's confirmation.
a) Refinery Commitment to
b) Certificate of Origin
c) Seller Certificate of Incorporation & Export License
d) Quality and Quantity Report (Product Passport)
e) Statement of Product Availability
f) NCNDA/IMFPA to be filled and structured by all groups involved
7. Seller releases to buyer the above listed Partial POP Documents and Buyer, within TWELVE {12} banking days sends agreed swift, negotiable to seller nominated account. DLC-MT700 shall be payable upon presentation of the documents specified in the procedure and shall not be activated unless and until the commodity is complete discharged at the destination port(s), and the Buyer confirms the quantity and quality of the commodity through CIQ/SGS inspection report. If the buyer fails to issueDLC-MT700 within 10 working days, the Seller shall issue an invoice to the Buyer for the remittance security guarantee deposit of 5% via TT Wire MT103 of the total value of the product cost to the seller's fiduciary bank account to secure the allocation which will be deducted from the final payment after delivery.
8. If the buyer fails to make the 5% guarantee deposit within 3 banking days, the contract will be terminated.
9. Within 72hrs of the DLC or 5% guarantee deposit Confirmation, Seller signs CPA and releases full POP document and 2%
Performance Bond (PB) to Buyer as a guarantee of monthly shipment, alongside the below list of full POP Documents, customs formalities to Buyer's Bank and buyer secure email:
a) Ship Certificates
b) Cargo Declaration
c) Fresh SGS Report
d) Charter  Party  Agreement
e) Ownership Certificate
f) Title Transfer Affidavit
g) Product Allocation Certificate
h) Ullage Report
i) Notice of Readiness
j) Customs Declaration Certificate.
k) Bill of lading
1) vessel Q88
m) ATB
n) UDTA
o) ATSC
