Sell Jet A1 Fuel - JP54 - Virgin Fuel Oil D6 - EN590 10PPM FOB Rotterdam

(Offer Code: KHK-F001)

JET A1 FUEL - JP54 - VIRGIN FUEL OIL D6 - EN590 10PPM FOB Rotterdam And Houston

Grade: Russian Export Grade

Origin: Russian Federation

Incoterms: FOB Rotterdam and Houston (CI Dip Pay)

Payments Term: MT103

Inspection: By SGS


TRANSACTION PROCEDURES (F.O.B) ROTTERDAM & HOUSTON

1. Seller’s Official Representative issues Soft Offer and Buyer sends ICPO, CP and Tank Storage Agreement (TSA) as proof of storage tank availability.

2. Seller verifies and issues: Commercial Invoice (CI) for the available quantity in the storage tank, along with Commitment to supply, Statement of Product Availability and Certificate of Origin of the Product. Buyer signs and returns CI to Seller along with an ATV approved by their logistics company for Seller’s verification purposes.

3. Upon receipt of the signed CI and ATV, Seller verifies and issues the POP documents:
a) Seven 7 days Unconditional DTA
b) 48 hours Fresh SGS Report in Rotterdam
c) Loading port injection report
d) Product Passports
e) Tank Receipt
f) ATSC
g) Bill of Lading

4. Following the completion of the Dip Test, Seller injects the fuel into Buyer’s leased Storage Tank and Seller submits the full injection report to the Buyer.

5. Buyer makes 100% payment by MT103 TT wire transfer for the total product and Seller pays commission to all Seller side intermediaries as Buyer likewise pays commissions to all Buyer Side intermediaries involved in the transaction within 24 hours after confirmation of the buyer’s payment.

6. Seller issues draft SPA to buyer to review for R&E monthly deliveries. Buyer reviews and approves the SPA and issues SBLC irrevocable, non transferable, auto revolving for 12 monthly shipment value and documentary letter of credit for length of contract and for each lift per schedule. Buyer pays after dip test by MT103 Wire transfer on each monthly quantity.


For more details please contact us.