Offer JP 54 Roterdam

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Offer JP 54 Roterdam

Post  Admin on Tue May 01, 2018 7:54 am

Dear company office  

Offer  JP 54 ,  850.000 BBLS  , TTO , TT  , basis ,

re- route vessels  ,  --- buyer will be ready to re-route Vessel to buyer's onw discharge port  --

ICPO ,

Official letter of readiness


vessels is loaded  Roterdam

TRANSACTION TERMS AND CONDITIONS
Payment: Terms of Payment to be agreed upon by the Buyer and Seller.
Proof of Fund: TT. /MT103
Inspection: SGS, CCIC or Similar by seller
Country of origin: Russian Federation
Stamp and Signatures: Stamps and Signature are obligatory for every issued
Commission:
Contract period: Spot with roll of extension for 12 consecutive months, upon success of spot shipment
Shipping period: Depends on buyer destination port

PRODUCT DESCRIPTION
RUSSIA AVIATION KEROSENE (GRADE 54)
Origin: Russia
Quantity: 850,000 BBLS
Maximum of 850,000 BLS (SPOT ONLY)
TANK FARM LOCATION: LOADED ON A VESSEL.
REFINERY PRICE:  
TERM: CI, DIP & PAY ASWP (AFTER BUYER PAYS PORT CLEARANCE, WE WILL DELIVER THE PRODUCT TO BUYER’S
FINAL PORT)
CONTRACT DURATION: SPOT
DESTINATION: ASWP
Россия Федерация.

TERMS & OPERATIONAL CI, DIP & PAY/NON AMENDABLE LEGAL PROCEDURE:
1. Seller sends SCO.
2. Buyer accept SCO and countersigns, issues an official ICPO.
3. Seller TAKE OVER CONTRACT
4. Both parties’ signs TAKE OVER CONTRACT and seal it
5. Seller issues partial POP including:
a. Current Bill of Lading (To enable buyer spot the vessel/cargo’s location)
b. Product availability
c. Product Passport
d. Refiner commitment to supply product
f. Certificate of Origin
g. Insurance Company Guarantee Letter
6. Upon confirmation of the above partial POP documents, buyer shall borne charges of (USD 96,100.)
for port clearance, this is because Vessel is still around Rotterdam port. (NOTE: Buyer pays port
clearance, while Seller pays demurrage that has been incurred.
7. Seller shall issue full POP to buyer via bank to bank:
a. Copy license to export, issued by the department of the ministry of energy
b. Copy of approval to export, issued by department of the ministry of justice
c. Copy of Transnet contract to transport the product to port o loading
d. New copy of charter party agreements to transport the product to discharge port.
e. NEW Bill of Lading to buyer destination port
f. Allocation passport certificate issued by ministry of solid minerals and natural resources
8. Buyer takes over vessel as vessel sails to buyer’s destination port and buyer can also board the vessel
9. Upon confirmation of the vessel at buyer’s port, seller shall give buyer maximum of 5 working days to
ascertain Q&Q and make payment for full product at buyer destination port via TT.

skype rudolsindelar.aim.com  

email rudolfsindelar@aim.com


They are namely: CIF, FOB, TTT and TTO.
Cost, Insurance and Freight (CIF): It is a method of selling petroleum where the seller does everything from loading and sending the crude oil to the place the buyer wants. This kind of method is usually hard to find and most sellers do not like dealing this way.
Freight on Board (FOB): This kind of method is usually hard to find and most sellers do not like dealing this way.
The most widely used method for selling crude oil is TTT and TTO.
Tanker Take Over (TTO): In this method, the buyer takes over the vessel to his destination, offloads the crude oil and brings it back.
Tanker To Tanker (TTT): It requires the buyer to get a vessel while the oil is transshipped and everything is settled.

what is TTO  +/-   seller will send official procedure

only GENERALLY - seller will send OWN TTO  this is only GENERELLY  for HELP

Through Transport Operator (TTO)

A Sale-Purchase Contract (SPC) is signed between the two involved parties with co-ordination of Banks.
Buyers bank sends a Pre-Advice LC to the sellers Bank.
On receipt of a Pre-Advice LC the seller's bank activates the performance guarantee or performance bond as per agreed SPC.
Once performance bond is active the buyer can go ahead with establishing the operative Letter of Credit. Any costs on account of commission to agents or facilitators are to be included in this operative letter of credit.
Within 72 hours of receipt of such operative LC the seller issue ATB to buyer appointed independent inspectors.
With the ATB the inspectors can go on board and carry out their inspection and present a report regarding the same to the buyer.
After receipt of a positive quality and quantity (Q & Q) report from the inspector's re-assignment of the cargo is done in buyer's name and all original documents given to buyer through the banks involved within next 4 days. From this point onwards the ownership of the cargo is transferred to the buyer.
Buyer's super cargo goes on board within next three days of the change of title.
Last but not the least the payments are transferred to all involved parties within next 72 hours.
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