Description
Export Jp*4 Oil | Jp*4 Fuel Suppliers | Jp*4 Fuel Exporters | Jp*4
Fuel Traders | Wholesale Jp*4 Fuel | Buy Jp*4 Fuel | Bulk Jp*4
Fuels | Jp*4 Fuel Buyer | Low Price Jp*4 Fuel | Import Jp*4 Fuel |
Jp*4 Fuel Importers | Jp*4 Fuel Buyers | Jp*4 Fuel Importer | Buy
Jp*4 Fuel | Jp*4 Fuel Buyer1 Million - 5 Million Barrels x *2
Months CIF Rotterdam
Payment Terms MT**3 & IRDLC
Terms
COMMODITY: JP *4 (JET FUEL)
QUANTITY: 1 (ONE) MILLION TO 5 (FIVE) MILLION BARRELS MONTH
DURATION: PER *2 MONTHS CONTRACT
ORIGIN: Russian Federation
COMPLETE SPECS: As per Contract
DELIVERY: CIF ROTTERDAM
PRICE: Rotterdam Platt’s minus US$****0 Per Barrel Net to Buyer
TERMS OF PAYMENT: MT**3
ALL PAYMENTS BY CLEAR, CLEAN, CASH MONEY OF NON-CRIMINAL ORIGIN AND
BY
SWIFT WIRE MT**3 & IRDLC
WORKING PROCEDURE:
1. The Buyer issues ICPO to the Seller’s Authorized Mandate for
Seller.
2. Seller’s Authorized Mandate sends
Seller’s Official FCO
together with copy of Mandate Authorization directly to the end
Buyer;AFTER the FCO is Signed & Sealed by the Buyer it
is returned to Seller’s Mandate for Seller.
3. The Buyer’s Bank will within (*4 Hours) SWIFT BCL or
MT**9 to the Seller’s bank Barclays Bank/London for confirmation of
the Buyer’s Funds availability for this transaction. Only Prime *0
World Rated Banks will be accepted by the Seller.
4. Buyer to immediately confirm to Seller’s Mandate by email that
the SWIFT BCL or MT**9 has been Swift to Seller’s Bank.
5. The CONTRACT is sent to the Buyer who signs, seals and returns
contract to Seller’s Authorized Mandate for the Seller.
Conditions may change at any time
6. AFTER the Swift BCL or MT**9 has been received and verified by
Seller’s Bank, within *4 to *8 hours the Seller executes the Final
Signed CONTRACT in PDF and Returns to Buyers bank together with
Partial POP. Partial POP will contain the following documents:
a) COPY OF LICENSE TO EXPORT, ISSUED BY THE MINISTRY OF ENERGY
b) COPY OF APPROVAL TO EXPORT, ISSUED BY THE MINISTRY OF
JUSTICE
c) COPY OF STATEMENT OF AVAILABILITY OF THE PRODUCT
d) COPY OF THE REFINERY COMMITMENT TO PRODUCE THE PRODUCT
e) COPY OF TRANSNEFT CONTRACT TO TRANSPORT THE PRODUCT TO THE
PORT
f) COPY OF THE PORT STORAGE AGREEMENT
g) COPY OF THE CHARTER PARTY AGREEMENT(S) TO TRANSPORT THE PRODUCT
TO PORT
7. Seller ships the Product to Tanks in Rotterdam and issues the
following documents as part of POP:
a) Commercial Invoice
b) SGS Report
c) Tank Receipts with Tank Number
d) Dip Test Authorization
8. Buyer performs Dip Test in the Tanks in Rotterdam.
9. After verifying POP and results from Dip Test, within *2 hours
Buyer’s Bank makes payment by irrevocable MT**3 in the amount of
the Commercial Invoice for the amount of the FIRST month’s delivery
plus issues an IRDLC to the Seller for the remaining *1 months of
the contract.
*0. Upon Seller’s bank receipt of MT**3 the Seller releases permits
to export, transfers title and ownership and issues a 2%
Performance Bond.
*1. Delivery to be agreed between Seller and Buyer.
NON-CIRCUMVENTION "NCND":
THE PARTIES ACCEPT AND AGREE FOR NON CIRCUMVENTION AND NON
DISCLOSURE
WITH REGARD TO ALL AND EVERYONE OF THE PARTIES INVOLVED IN THIS
TRANSACTION AND CONTRACT, ADDITIONS, RENEWALS AND THIRD PARTY
ASSIGNMENTS, WITH FULL RECIPROCATION FOR A PERIOD OF *5 (FIVE)
YEARS
FROM THE DATE OF EXECUTION OF THIS CONTRACT, ALL DATA REMAINS
THE
PROPERTY OF THE PARTY WHO HAS BROUGHT THE RESPECTIVE DATA INTO
THIS
TRANSACTION.
