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 a Show More...
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