Direct Refinery Tearsheet - En590 & JetA1
Direct Refinery Tearsheet - En590 & JetA1
Direct Refinery Tearsheet - En590 & JetA1
PRODUCT OFFER
Product JetA1
Trial + Contract Quantity 1,000,000-2,000 000 BBL + Up to 4,000,000 BBL x 12 months
Product Origin Kazakhstan
SPA Delivery Terms FOB Rotterdam, Malaysia & Singapore
Price for Trial/SPA $88
Agency fee IMFPA – closed, JVA buyer - open
Payment SWIFT MT103
LOI with procedure below included and CIS. TSA/CPA included with submission, or a
written explanation of how you want to logisitcally exit the product.
Call between Refinery Rep and Buyer.
FCO including DD package (past performance can be provided if buyer is approved).
Buyer endorsed NCNDA-IMFPA.
Bank balance readiness or Instrument draft verbiage submission.
Logistics and /or agreements provision.
PROCEDURE – FOB TTV/TTT
1. Buyer issues ICPO in buyer company letterhead and buyer banking information
to seller representative SGPI.
2. Seller issues commercial invoice to buyer, buyer sign and return back within 48 hours
● Commitment to Supply
● Copy of Statement of Product Availability in the Storage Tank
● Authorization to Sell and Collect (ATSC)
● Product Passport
4. Buyer's bank within 3 banking days issues MT199/MT760 to seller bank confirming
the availability of funds to purchase the product, whereas buyer is unable to issue
MT199 within 3 banking days, buyer makes guarantee deductible payment. (Amount
to be agreed between buyer and seller depending on the quantity of the product).
6. Buyer verifies the documents also contact dip test if needed and makes payment for
the product within 72 hours.
7. Upon seller's receipt of the full product payment from the buyer, seller issues to
buyer the title ownership of the product and exports documents.
8. Seller pays all intermediaries involved in the transaction and sends SPA to buyer for
one year subsequently monthly shipment continue as per terms and conditions of the
sales and purchase agreement contract between buyer and seller.