transaction

    

TRANSACTION DELIVERY TERM FOR OIL DERIVATES

  • Delivery: FOB PORT OF ROTTERDAM/CI DIP&PAY.
  • Pricing: PLATTS minus Discount (gross/net). Please NO Fix-Price-Offers.
  • Quantity: We buy from 250.000 Barrels per Spot or with contract per month. Sweetspot is 1-2 Mio. Barrel per Spot or per month.
  • Quality: ACTUAL required Quality in Jet Fuel is ONLY "Jet Fuel A1"
  1. Seller issues FCO.
  2. Buyer sends CP and signs FCO.
  3. Seller issues CI with Tank farm details. Buyer signs and returns CI. Seller provides ATV.
  4. Seller issues Fresh SGS Report 48hours, Tank Receipt, Tank Storage Agreement, Product Passport issued by SGS. Injection Report, Certificate of Origin, Dip Test Authorization (DTA).
  5. Upon the successful verification of the PPOP by the Buyer, Buyer order SGS to conduct the Dip test of the product in the Seller Tank on buyers expense.
  6. Upon successful Dip Test by the Buyer, Buyer make immediately 100% payment by MT103 TT wire transfer for the total product. According to the agreement, Seller or Buyer pays commission to all intermediaries involved in the transaction 24 hours after confirmation of Buyers payment.
  7. Upon successful dip test and payment, Buyer provide vessel details or Tank details for injection of the goods.
  8. Buyer issues SBLC/IRDLC irrevocable, auto revolving for one year, documentary letter of credits for length of contract and for each lift per schedule. Buyer pays after dip test by MT 103 wire transfer on each delivery.

If you SELL and you can meet our requested transaction delivery term,

you are wellcome to submit your offer with all neccessary informations

submit your offer

If you BUY and you can meet our requested transaction delivery term,

you are wellcome to submit your query with all neccessary informations

submit your query