COMMODITY NAME Aviation Fuel Kerosene Grade 54
QUANTITY AVAILABLE 1 Million barrels
CONTRACT QUANTITY Up to 5 Million barrels (with an extension)
PRICE PLATT'S DISCOUNT Gross $3.00 / Net $2.00 per barrel
LOADING PORT Rotterdam (other ports available)
PAYMENT TERMS MT103/TT for trial lift Bank Guarantee by MT per 1 month to the Contract.
COMMISSION Seller covers $0.50 buyer side
1.- Buyer sends Letter of Intent (LOI) to seller addressed to ******
2.-Seller sends Soft Corporate Offer (SCO) to the Buyer within the 24 hours.
3.-Buyer sends Irrevocable Corporate Purchase Offer (ICPO) with Company and Banking details.
4.-Seller sends Full Corporate Offer (FCO), Draft Contract and confirms ICPO.
5.-The Seller send the Partial Proof of Product to the Buyer Bank to verify, including Fresh SGS, DTA and ATV.
6.-The Seller and the Buyer submitted the Contract at the respective Banks.
7.-The Buyer after verify the Product pay the MT103 the lift-able quantity.
Only for lift-able:
7A.-Seller send DTA to the Buyer to make a Dip Test with SGS or similar
7B.-In the first cargo (lift-able) after SGS verified pay with MT 103
7C.-The Tittle Holder transfer Tittle to the Buyer immediately
8.- The Buyer Bank send to the Seller Bank a Bank Guarantee via Swift.
9.-Buyer provides Q88 or tank according to the Port of Loading.
10.-Seller injection, Q+Q.
11.-Title transferred to the Buyer as per Contract.
Interested parties shall email us for seller's details to issue Letter of Intent to.