Oil and Petroleum Newsgroup

Location: KAZAKHSTAN, ROTTERDAM KAZACSTAN

DUESEL EN 590 10 PPM.
Shall include all grades of fuels used in diesel typeDRAFT SOFT OFFER [DSO] FOR COMMODITIES ON THE BASIS OF FOB DIP & PAY [TTT/TTV TTO/VTV & STS DELIVERY. 1. Buyer issues an ICPO addressed to the Seller that incorporates the Seller's procedure. The ICPO must include the buyer's company details, banking details, and passport copy. 2. Seller sends a commercial invoice to the buyer indicating the available quantity of the product in the leased tank. The buyer signs and returns the invoice . The Seller and buyer sign the letter of Performance. 3. The seller allocates the product to the buyer and provides the buyer with the proof of the product listed below. 3. (a) Product Inspection report 3. (b) Commitment Letter to Supply 3. (c) ATSC – Authorization to Sell & Collect 4. The buyer issues a BCL via MT-199 or MT-799 bank to bank within 2 days after the seller allocates the product to the buyer and issues the PPOP, for the seller to confirm the buyer's financial ability to make the purchase, this will grant the buyerr full access to seller Tank Terminal for product physical inspection, UDTA and SGS in seller own Tank in Vopak or VTTI 4.(a) And in the event that the buyer fails to issue the BCL within the stipulated time frame, they will effect payment in the amount of USD150,000 via MT103, as a Procurement Guarantee (PG) in order to receive Authorization Letter and Access to seller’s tank for product Physical inspection, UDTA, and SGS inspection, The amount for the (PG) will be deducted from the product total value. 4.(b) The buyer provides the necessary information of their company/inspection team to conduct a physical inspection, sample collection, and dip test. The seller issues an Authorization with Tank Location Coordinates and Terminal access in VTTI or VOPAK or granting the buyer's chemist company/inspection team access to conduct product physical verification and a dip test in the seller's leased storage tank at the port. 5. The following proof of product document will be provided to the buyer. Upon successful verification of the product, sample collection, and dip test, the buyer will reserve the product for scheduling of injection. All intermediaries must sign and endorse the NCNDA/IMFPA.  Product Injection report  Fresh SGS report or equivalent not less than 48-72 hours  Port clearance authorization  Product certificate of origin  Authorization to sell and collect certificate  Proforma invoice for product total value  Unconditional dip test authorization to enable buyers Chemist/SGS team to conduct dip test for product quality and quantity in the sellers leased tanks. 6. The product injection commences Upon completion of the product injection, buyer makes the full payment of the total product value, via MT103 T-T Wire Transfer to the seller within 1-2 banking days and upon confirmation of the product payment, seller company shall issue the Title of Ownership and all exporting documents of the Product to the buyer's company 7. Seller pays commission structure via MT103 T/T Wire transfer within 1-2 banking days in accordance with the signed [NCNDA/IMFPA] to agents, intermediaries involved 8. Subsequently, monthly delivery continues according to the terms of the commercial invoice and the transaction is extended by issuance of a 12-month contract with possible R&E by the seller. engines.