We need D6 - JET Fuel.
Buyer is a Major and will not send ICPO but do have LOI For D6 - JET Fuel.
They will sign CI and test fuel in sellers tanks and pay for the Dip Test
Then they will pay immediately via MT103 once SGS confirms the fuel and move to there tanks in VTTI as well as one other tank tank farm in Rotterdam and they will send TSA and TSR to Seller.
After first trial lift of 100m gal they will sign SPA and give a SBLC for the weekly contract of 200m gal a week.
We are issuing this letter on behalf of the board of directors of Global and its subsidiaries as written intent to purchase D6 Fuel and Jet Fuel from your group with the below pricing and procedures. D6 Fuel Oil at -6 Discount off NWE Platts with Standard CI DIP AND PAY PROCEDURES - 100,000,000 Gallons Spot/ 200,000,000 Gallons Contract Jet Fuel at -7 Discount off NWE Platts with Standard CI DIP AND PAY PROCEDURES. - 500,000 Barrels Spot/ 2,000,000 Barrels Contract Standard Ci, Dip and Pay procedures would be considered the following: Seller issues CI to Buyer Buyer Signs and Return CI to Seller Upon receipt of Signed CI, Seller issues to buyer Unconditional DTA Buyer schedules dip test with SGS or Intertek Upon successful dip test buyer issues payment via MT103 and releases TSR to Seller Seller issues title and all documents to buyer to facilitate transfer of fuel Buyer and seller sign contract for 12 Month/52 Week Delivery We look forward to receiving the commercial invoice to commence this process.