Pricing & Product Details:

• ULTRA-LOW SULPHUR DIESEL EN590 10 PPM
  • Minimum Quantity: 20,000 metric tons
  • Maximum Quantity: 300,000 metric tons
  • FOB /CIF Price: Gross USD $460.00 MT / Net USD $450.00 MT
  • Origin: Kazakhstan
• JET A1
  • Minimum Quantity: 1 Million bbl
  • Maximum Quantity: 5 Million bbls
  • FOB /CIF Price: USD 62 / bbl

TTT TRANSACTION PROCEDURE

1. Buyer issues ICPO containing the seller's working procedure and banking details along with buyer's company registration certificate and data page of buyer's Passport & TSA.
2. Seller issues commercial invoice (C.I.), Buyer signs and returns commercial invoice along with verifiable BCL, with a copy sent to the seller for confirmation with his bank & TSR.
3. Seller issues the following POP documents to Buyer:
   1. Commitment to Supply
   2. Injection Report
   3. Fresh SGS (Not Older Than 48 hrs.)
   4. ATSC - Authorization to Sell and Collect
   5. Authorization to Verify (ATV)
   6. Unconditional Dip Test Authorization (UDTA)
   7. Commitment Letter to Supply
   8. Export License
   1. Statement of Product Availability
   10. Tank Storage Receipt (TSR) with barcode and GPS Coordinate
4. Buyer MAY conduct additional SGS at his own expense.
5. Buyer pays via MT103 within 4- 48 hours of approving POP or additional SGS.
6. Buyer submits Tank to Tank Injection agreement (TTTIA) or Tank to Vessel (TTVIA) for injection into Buyer's logistics.
7. Seller pays all intermediaries involved in the transaction, and subsequently, monthly shipments continue as per terms and conditions of the sales and purchase agreement contract between buyer and Seller.
8. Buyer and Seller complete SPA for 12-month contract supply with R & E.

CIF TRANSACTION PROCEDURE

1. Buyer issues ICPO with Buyer’s company letterhead, Buyer’s company Information Sheet (CIS), Buyer’s identity, and Buyer banking information.
2. Within 48 hours, Seller issues a drafted Contract (open for any amendments) to Buyer. Buyer signs, seals, and returns the Contract before the expiration date to Seller for final endorsement. Seller provides Partial Proof of Product (PPOP) and transports product to the loading port, including:
   1. Refinery Commitment to Supply
   2. Certificate of Origin
   3. Statement of Availability of Product
   4. Export License issued by the Ministry of Energy
   5. Endorsed SPA by Ministry of Energy and Notary
   6. Seller fiduciary bank details, CIS, and verbiage
3. Within 7 banking days upon receipt of the PPOP documents, Buyer instructs his bank to issue a Transferable, Irrevocable, Operative LC MT700 / MT760 according to Seller’s fiduciary bank verbiage to Seller's nominated fiduciary offshore bank account to show Buyer’s financial capability and readiness to purchase the product. If Buyer fails to issue the payment instrument MT700 / MT760 within 6 banking days, Buyer will immediately (within 24 hours) make a cash deposit of 2% of the total value via MT103 / TT wire transfer as allocation and performance guarantee to Seller’s fiduciary bank. This payment shall be deducted from the total cost of the product after inspection at the discharge port. Seller’s Bank will issue Full POP Documents to the Buyer’s Bank alongside the 2% Performance Bond (PB) against Buyer’s MT700 / 760 or performance guarantee payment.

• Documents include:
  1. Copy of license to export, issued by the Ministry of Energy
  2. Copy of Approval to Export, issued by the Ministry of Justice
  3. Copy of Statement of Availability of Product
  4. Copy of Refinery Commitment to Produce the Product
  5. Copy of Transnet Contract to Transport the Product to the Loading Port
  6. Copy of the Port Storage Agreement
  7. Copy of the Charter Party Agreement to Transport the Product to Discharge Port
  8. Copy of Vessel Questionnaire 88
  1. Copy of Bill of Lading
  10. SGS Report at Loading Port
  11. Dip Test Authorization (DTA) & ATB
  50. NOR / ETA
  1000. Certificate of Ownership Transfer & Allocation Transaction Passport Code Certificate (ATPCC) by the Ministry of Energy.