JET FUEL A1 Spot & Contract
FOB basis 80 $ to 83 $ based on quantity
Procedure :
TANK TO TANK FOB PROCEDURE:
1. Buyer issues ICPO with company letterhead, buyer�¢??s information, passport copy and banking information.
2. Seller issues a Commercial Invoice (CI) and Buyer signs and returns back the Commercial Invoice along with Buyer's Tank storage agreement (TSA).
3. Seller Representative visit the buyer's tank farm for TTM with a copy of the SGS and Injection Report upon verification of the copy of the SGS and Injection report, buyer and buyer's Tank Farm endorse DIP Test Authorization letter seller sends the following PPOP documents:
* Certificate of Product Origin.
* Letter Of Guarantee.
* Statement of availability of product.
* Product quality passport (Analysis test Report).
4. Seller issues Complete DTA and Tank Receipt to Buyer, Buyer order SGS to conduct a Dip Test of the product in the Seller's Tank on Buyer expenses submit the full injection report to the Buyer.
5. Upon successful Dip Test, sellers inject the fuel into the buyer lease Storage Tank and sellers submit the full injection report to the Buyer.
6. Buyer makes 100% payment by MT103 TT wire transfer for the total product and the Seller pays the commission to all intermediaries involved in the transaction within 24 hours after confirmation of the buyer's payment.
7. Seller issues draft SPA to the buyer to review for R&E monthly deliveries.
8. Buyer review and approves the SPA and issues DLC MT700or SBLC MT760 irrevocable, non-transferable, auto revolving for 12 months shipment value, Financial Instrument for length of the contract, and for each lift per schedule. Buyer pays after Dip Test by MT103 Wire Transfer each monthly quantity.
9. The subsequent delivery shall commence according to the terms and conditions of the contract. Seller pays commissions to all intermediaries as per IMFPA/NCNDA 24 hours after receiving payment from the buyer.
Seltec FZC is a leading supplier of cutting oils in the UAE, offering a range of metalworking fluids suitable for various industrial applications.
Product Offerings:
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Neat Cutting Oils: Undiluted oils suitable for specific machining operations, offering superior lubrication and surface finish quality.
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Key Features:
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Reduced Maintenance: Designed to minimize machine wear and extend equipment lifespan.
Comprehensive Support: Seltec provides technical assistance to optimize fluid selection and application.
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Heavy sour crude oil for sale. Type: Boscan (Venezuela). Recovered oil, not connected to PDVSA (exempt from export ban/ sanctions). Capacity 1M bbl/ month. Shipping terms: FOB, STS (international waters). Payment terms: MT103/ LC/ BG. Pricing: Brent -26 gross, -24 net. Port of origin: Bajo Grande, Venezuela.
From February on, there's availability of merry-16 on similar terms.
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