REF: MD MEU 20200601
We, xxxxxxxxxxxxxxxxxx , a company legally established under the
laws of
Singapore, here represented by its
Executive Director, Mr. xxxxxx and Mr xxxxxxxxxx,
on behalf of and with full authority and
jointly with our Russian Refinery, do hereby confirm
that we are ready, willing and able to
supply the herein below detailed product, in accordance
with terms, conditions and procedure
stated herein below:
Commodity : JET FUEL, AVIATION
TURBINE FUEL (A1)
Origin : Russian
Total Quantity : 2M barrels /months, with R&E
Delivery : FOB Rotterdam
Price : USD Gross $27/ USD NET $24,
Payment terms : transferable
SBLC/IRDLC
Inspection : SGS or Similar at the expense of the
Buyer by Buyer at the Rotterdam port and
must be freely exportable
DELIVERY FOB / TTO
PROCEDURE OUTLINED (INCOTERMS 2020)
i. Buyer issues ICPO along with
International Passport (original) copy and Tank Lease
Agreement (TSA) as prove of Tank Storage
availability.
ii. Seller Issues Commercial Invoice
(CI) for the available quantity in the storage tank to
Buyer, Buyer sign and returns To Seller
With NCNDA/IMFPA signed by all Buyer group
commission structures.
iii. Seller issue the following Partial
POP documents:
a. Storage Operators Declaration (SOD)
b. Compliance of Seller Tank Storage
Extension
c. Product Commitment / Availability to
Supply
d. Certificate of Origin
e. Product Passport (copy) Laboratory
Test
f. Injection Schedule
iv. Buyer send “Confirmation Letter of
Storage Tank Availability with Terminal/Hub details
& ATV” from the selected Tank Farm
or extends Seller Tank Farm, Seller issues Notice of
Readiness & Unconditional DTA letter
with Rotterdam Terminal Control for Complete
Physical Verification and Dip Test in
Seller Tank.
v. Seller issues Data Transmittal of
Product Injection Reservoir (DTPIR) and Seller Tank
Receipt (TSR) to Buyer, Buyer order SGS
to conduct Dip Test of the product in Seller’s
Tank at Buyer expense.
vi. After successful Dip Test, Buyer
send TSR and Seller inject product quantity into Buyer’s
Lease Storage Tank, Seller submits the
Full Injection Report to Buyer.
vii. Buyer makes 100% payment by MT103
transfer for total product and Seller transfer Title
of Ownership to Buyer. Seller pay
commission to all Intermediaries involved in
transaction within 24 hours after verifying
buyer’s payment.
viii. Seller issues contract SPA to
Buyer review, Buyer send approved SPA and issue
SBLC/IRDLC Irrevocable, transferable,
Auto-Revolving for 12 Months shipment values,
and Documentary Letter of Credit for
Length of Contract and for each lift per schedule,
Buyer pays after Dip Test by MT103
TT-wire transfer for each monthly quantity.
ix. The subsequent delivery shall
commence according to terms and conditions of the
Contract, Title-Holder contacts the
Buyer’s Logistics and verifies reliability
After finalization of the first Trial,
the draft contract with the seller must be attached to the
above.