| |
PRINCIPAL 2 PRINCIPAL
VIRGIN FUEL OIL D6
Minimum Quantity: 100,000,000 Gallons per Month
Maximum Quantity: 800,000,000 Gallons per Month
FOB Price: Gross USD $ 0.80 / USD $0.78 NET on FOB/Novorossiysk/Rotterdam
FULL POP AFTER Commercial Invoice. Can share previous BL with CONFIRMED, QUALIFIED END BUYER
ETA :ROTTERDAM in 1 week/1 vessel /week
SOP
On behalf of our refinery F.O.B. FREE ON Board
1. Buyer issues Purchase Order (ICPO) and Tank Storage Agreement.
2. Upon acceptance of buyer ICPO/TSA, Seller issues Commercial Invoice/ICC Warning Letter for Buyer’s review and signing.
3. Buyer signs the Commercial Invoice and returns to Seller, the signed CI/ICC Warning Letter, Seller issues thePOP Documents as
shown below:
• Passport Product with Q&Q;
• Certificate of Origin GOST Certificate;
• Statement of Product Availability;
• Export License issued by the Ministry of Energy;
• Commitment to Supply
• Bill of Lading/Q88;
4. Buyer conducts due diligence on the arriving loaded vessel and upon satisfaction Buyer/or its assignee issues an acceptance letter
confirming its readiness to secure and provide its storage tank facility details within 72 hours. Storage tanks details must include the
following for seller confirmation:
• Tank receipt valid for 3-5 days, depends on Buyer’s Storage Tank destination;
• Notice of Readiness (Storage Tank)
• Authority Letter to Verify / Inject.
5. Upon vessel arrival at Buyer’s nominated port, Vessel Captain shall issue ATB to Buyer’s cargo andinspectors inviting
them to board the loaded vessel for Q&Q.
6. Upon successful Q&Q including Dip Test, Buyer pays for product by Wire Transfer / Swift MT-103 into the
Seller’s account.
7. Seller releases full POP documents in Buyer’s name and Trans-loading commences.
8. Seller pays commissions to all intermediaries, Both Parties proceed with the signing for a 12 Months FOBcontract upon completion of the first trial order.
|
