Selling D6, Virgin Fuel Oil, 10,000,000 until 400,000,000 gallons Buyer and Importer
Product: D6, Virgin Fuel Oil
Origin: Russia Federation
Selling Price: 0.60 USD/gallon
Quantity: Minimum 20,000,000 gallons, Spot Deal, First Trial
Maximum of 400, 000,000 gallons per Week x 52
Incoterms: FOB, Houston, Texas, USA
Delivery: As agreed upon the Seller & Buyer
Inspection: SGS, Intertek or similar by Buyer
Payment Instrument: T/T, MT103 after result of SGS and injection of the products into Buyer Tank Farm
FOB HOUSTON (Spot) & Selling Terms and Procedure
Non-Negotiable, Non-Amendable
The procedure must be executed in the established sequence
1. Buyer issue ICPO, and addressee to the Seller
2. Seller issues Commercial Invoice. Buyer signs and returns back to the Seller with tank storage agreement (TSA)
3. Seller provide buyer with the below listed PPOP:
a) Authorization to verify (ATV)
b) Product passport / product analysis report
c) Irrevocable commitment letter to supplier
d) Authorization to sell and collect (ATSC)
d) ICC Warning Letter to be signed by all parties. Seller, Buyer and Buyers Tank Farm
4. Upon total execution and confirmation of the ICC Warning Letter, Seller provides Buyer with the following:
a) Injection report of production in Houston with GPS coordinates
b) Fresh SGS Q&Q report done in Houston certifying the quantity and quality in reservoir
d) NCND/IMFPA. Will be signed by the Buyer within 24 hours after successful Dip Test in Sellers tanks, injection commenced and Seller provide to the Buyer with the injection report of product into Buyers tanks
5. Buyer make the payment for the total cost of product injected into Buyers tank, the payment is made by swift MT103. Seller transfer title ownership to buyer with all exportation documents required of Buyer for the transaction
6. Upon conclusion of first transaction Seller pays all intermediates involved in the transaction and proceeds with the signing of contract with the Buyer
Maximum of 400, 000,000 gallons per Week x 52
Incoterms: FOB, Houston, Texas, USA
Delivery: As agreed upon the Seller & Buyer
Inspection: SGS, Intertek or similar by Buyer
Payment Instrument: T/T, MT103 after result of SGS and injection of the products into Buyer Tank Farm
FOB HOUSTON (Spot) & Selling Terms and Procedure
Non-Negotiable, Non-Amendable
The procedure must be executed in the established sequence
1. Buyer issue ICPO, and addressee to the Seller
2. Seller issues Commercial Invoice. Buyer signs and returns back to the Seller with tank storage agreement (TSA)
3. Seller provide buyer with the below listed PPOP:
a) Authorization to verify (ATV)
b) Product passport / product analysis report
c) Irrevocable commitment letter to supplier
d) Authorization to sell and collect (ATSC)
d) ICC Warning Letter to be signed by all parties. Seller, Buyer and Buyers Tank Farm
4. Upon total execution and confirmation of the ICC Warning Letter, Seller provides Buyer with the following:
a) Injection report of production in Houston with GPS coordinates
b) Fresh SGS Q&Q report done in Houston certifying the quantity and quality in reservoir
d) NCND/IMFPA. Will be signed by the Buyer within 24 hours after successful Dip Test in Sellers tanks, injection commenced and Seller provide to the Buyer with the injection report of product into Buyers tanks
5. Buyer make the payment for the total cost of product injected into Buyers tank, the payment is made by swift MT103. Seller transfer title ownership to buyer with all exportation documents required of Buyer for the transaction
6. Upon conclusion of first transaction Seller pays all intermediates involved in the transaction and proceeds with the signing of contract with the Buyer
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- Posted On:03 May, 2024
- Company Name:Show
- Contact Number:Show
- Purchaser:José Castro
- Quantity Required400000000 Gallon
- Buying FrequencyWeekly
- Destination Port Houston
- Time of Validity1 Month
- Preferred Payment Method:T/T