Sales Procedure / Product offer

AVAILABLE NOW
The following products are available to a buyer DIRECT SELLER or FROM REFINERY.

Products:

  • Ultra Low Sulfur Diesel

  • Jet Fuel

  • D2 & D6

  • Crude OIL

  • BLCO

  • JP-54

  • Mazut

PROCEDURE TO PURCHASE:

  1. BUYER ISSUES “ICPO” IN OUR NAME SELLER WITH FULL COORDINATES BANK. SELLER SENDS FCO AND THE BUYER APPROVES AND RETURNS FCO TO THE SELLER.
  1. SELLER ISSUES “DRAFT CONTRACT” AND “CI”, MEDIATION, SIGNATURE, SEAL, DATE, AND EXCHANGE BY E-MAIL FIRST. BUYER’S APPROVED COPY OF “CI” MUST BE ACCOMPANIED BY A DRAFT COPY OF FINANCIAL INSTRUMENT THAT WILL BE ISSUED BY MT103 CONDITIONAL WHAT IS GUARANTEE INITIAL OF OPERATION FOR “SPOT” OR (“SBLC” FOR CONTRACT x12).
  1. SELLER AND BUYER EXECUTE FINAL CONTRACT: SELLER SENDS FINAL CONTRACT ELECTRONICALLY IN PDF FORMAT. AN ELECTRONICALLY EXECUTED FINAL CONTRACT CAN STAND AS ORIGINAL. CONTRACT IS LODGED WITH THE BUYER’S AND THE SELLER’S RESPECTIVE BANKS.
  1. THE BUYER SENDS PRE-ADVICE OF THE DRAFT OF PAYMENT INSTRUMENT TO THE SELLER´S BANK VIA RWA MT999 BCL LETTER – BLOCKED RESERVED CASH FUNDS
  1. AFTER THE CONFIRMATION FROM THE SELLER´S BANK FOR THE “RWA BCL LETTER – BLOCKED RESERVED CASH FUNDS”, WITHIN TWO (2) INTERNATIONAL BANKING DAYS, THE BUYER’S BANK WILL ISSUE THE GUARANTEE INSTRUMENT (SWIFT MT 760) ACCEPTABLE TO SELLER; FOR THE SPOT IN FAVOR OF THE SELLER AT SELLER’S BANK
  1. SHIPMENT (S) START AS PER DELIVERY SCHEDULE AGREED IN THE CONTRACT.
  1. THE SELLER GUARANTEES ON HIS ACCOUNT THAT SHIPMENT WILL BE PROVIDED WITH INSPECTION OF WEIGHT AND QUANTITY AND QUALITY AT THE TIME OF LOADING. CERTIFICATES SHALL BE PROVIDED BY SGS OR SIMILAR AUTHORITY AT THE SELLER’S EXPENSE AND SHALL BE BINDING FOR BOTH PARTIES. SELLER INSTRUCTS SUCH AUTHORITY TO CARRY OUT THE INSPECTIONS UNDER STRICT RULES AND IN ACCORDANCE WITH THE SPECIFICATIONS IN THE CONTRACT AND OR THE INTERNATIONAL CHAMBER OF COMMERCE RULES (INCOTERMS 2010 LATEST EDITION, WITH ALL AMENDMENTS).
  1. UPON COMPLETION OF THE SHIPMENT LOADING, THE AGREED FINANCIAL INSTRUMENT AS APPLICABLE WILL BE AUTOMATICALLY PAID FOR LIFTABLE AND SHIP HAVE LIBERTY.
  1. UPON RECEIPT OF SHIPPING DOCUMENTS FOR (SHIPMENT) REQUIRED FOR THE PAYMENT, BUYER’S BANK WILL MAKE THE PAYMENT AS REQUIRED TO SELLER’S BANK WITHIN THE CONTRACT TERMS AND CONDITIONS.
  1. SELLER PROVIDES 110% INSURANCE IN FAVOR OF THE BUYER.
  1. MEDIATORS COMMISSION: FOR A MEDIATOR TO RECEIVE HIS COMMISSION, IT IS NECESSARY THAT THE END BUYER AND THE END SELLER FINALIZE THE DEAL FIRST. THE EARLIEST STAGE WHEN AN IMFPA COULD BE ISSUED IS AFTER THE BUYER AND THE SELLER HAVE SIGNED THE FINAL CONTRACT.
  1. THE SELLER DO NOT ISSUE 2%PB.

NOTE:

NEITHER SELLER NOR BUYER SHALL CANCEL THE CONTRACT UPON RECEIVING THE SIGNED, SEALED AND LOCKED IN PDF CONTRACT WILL BE DEEMED AS ORIGINAL, IN THE CASE OF CANCELLATION OF THIS CONTRACT BY EITHER SELLER OR BUYER, EITHER PARTY WHO CANCELS THE CONTRACT SHALL PAY TO OTHER PARTY THE AMOUNT OF 2% OF TOTAL CONTRACT VALUE

OTHER TERMS:

ALL TAXES OR LEVIES IMPOSED BY THE COUNTRY OF DESTINATION, HAVING ANY EFFECT ON THIS AGREEMENT ARE FOR BUYER’S ACCOUNT AND HIS SOLE RESPONSIBILITY.

LOADING TIME:

WITHIN 10 TO 15 (TEN TO FIFTEEN) DAYS OR EARLIEAR AFTER RECEIPT AND CONFIRMATION OF AN OPERATIVE FINANCIAL INSTRUMENT ACCEPTABLE TO THE SELLER AND THE SELLER´S BANK, AND ISSUED WITHIN THE STATED TIME.

SHIPPING DOCUMENTS:

  • SELLER’S COMMERCIAL INVOICE (3 ORIGINAL SET)
  • PACKING LIST (3 ORIGINAL SET)
  • CERTIFICATE OF ORIGIN
  • BILL OF LADING MARKED “FREIGHT PREPAID” ISSUED TO THE ORDER OF CONSIGNEE.
  • SIGNED COMMERCIAL INVOICE
  • SGS CERTIFICATE OF QUALITY
  • SGS CERTIFICATE OF QUANTITY
  • SGS CERTIFICATE OF ORIGIN
  • CERTIFICATE OF OWNERSHIP
  • CERTIFICATE OF INSURANCE
  • CHARTER PART AGREEMENT
  • VESSEL REGISTER CERTIFICATE (AGE LESS THAN 20 YEARS)
  • FULL SET OF “CLEAN ON BOARD” MARINE BILL OF LADING, CERTIFICATE OF WEIGHT, QUANTITY AND QUALITY).
  • MARINE INSURANCE POLICY COVERING MINIMUM OF110% FACE VALUE OF THE GOODS IN THE NAME OF BUYER.
  • EURO ONE
  • T2L

 

TRE Purchasing Procedures for Aviation Kerosene JA1 Colonial Grade 54 Spot Dip and Pay:

  1. SELLER signs Commercial Invoice and sends to buyer to countersign.
  1. SELLER issues Full POP Documents, including but not limited to:
    1. Product Passport,
    2. Certificate of Origin,
    3. verifiable TSR and full tank info,
    4. Current SGS Report,
    5. Dip-Test Authorization (DTA) with full tank GPS coordinates to buyer along with all needed export and closing documents,

So BUYER can immediately verify the POP docs and perform the dip test on the fuel in SELLER’s tanks (if desired by BUYER).

  1. Upon successful dip test and verification and validation of all POP, export, and closing documents, buyer makes payment by MT103 (cash wire) for the total product available. Please note that BUYER can/will only release payment for the fuel to the full legal title holder, and not to any mandates, reps, or allocation holders.
  1. SELLER transfers full legal title of the fuel to BUYER and BUYER immediately removes the fuel from SELLER’s tanks into their assigned tanks or vessels.

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