EN590 and Jet Fuel A1

Dear Sir,

We want to import EN590 and Jet Fuel A1.

VTT- FOB ASWP Transaction procedures:
1. Buyer provides ICPO incorporating seller's
procedures, Buyer RWA + ATV for seller to
perform due diligence and verify POF with
Buyer's Bank.
2. Seller sends signed Commercial Invoice
(CI) to Buyer and Buyer countersigns and
sends CI back to seller within 48 hours.
NCNDA+IMFPA is completed and signed
off by all parties.
3. Products will be loaded onto a vessel at
the seller's loading port and fresh SGS will be
completed and provided to the buyer.
4. Seller will provide buyer with a copy of
the Charter Party Agreement; therefore,
the buyer can view the vessel as it is moving
to the destination port.
5. The buyer has choice to either have the
product discharged in any of the ports
specified above based on product.
6. Upon arrival of the vessel tanker at the
final discharge port, the buyer shall show
updated POF, conduct the SGS/CIQ Inspection
(optional at buyer's expense) and make the
payment for the full shipment via TT Wire or
MT103 TT (Wire Transfer). Buyer has the
choice of paying in full through TT Wire or
MT103 upon first SGS at loading port, or
when the product starts discharging into
buyer’s tank or as soon as the discharge is
completed into the buyer’s tank.
7. Seller transfers ownership of the
product to the buyer as per the buyer’s
instructions.
8. The seller pays all buyer and seller
intermediaries the full commission amount
as stated in the NCNDA/IMFPA agreement.
Subsequently, monthly contract proceeds
as outlined in the terms and conditions of
the sales and purchase agreement between
the buyer and the seller.

VTO procedures
PS2- FOB ASWP Procedures (vessel
take over):
1. Buyer provides ICPO incorporating seller’s
procedures, Buyer RWA + ATV OR Letter of
attestation of funds from a reputable
attorney (US only) for seller to perform
due diligence and verify POF with Buyer's
Bank.
2. Seller sends signed Commercial Invoice
(CI) to Buyer and Buyer countersigns and
sends CI back to seller within 48 hours.
NCNDA+IMFPA is completed and signed
off by all parties.
3. Products will be loaded onto a vessel
at the seller's loading port and fresh SGS
will be completed and provided to the buyer.
4. Seller will provide buyer with a copy of
the Charter Party Agreement; therefore,
the buyer can view the vessel as it is
moving to the destination port.
5. Upon arrival of the vessel tanker at the
final discharge port, the buyer shall show
updated POF, conduct the SGS / CIQ
Inspection (optional at buyer's expense)
and make the payment for the full shipment
via TT Wire or MT103 TT (Wire Transfer).
6. Seller transfers ownership of the
product and buyer takes over the vessel.
7. The seller pays all buyer and seller
intermediaries the full commission amount
as stated in the NCNDA/IMFPA agreement.
Subsequently, monthly contract proceeds
as outlined in the terms and conditions of
the sales and purchase agreement
between the buyer and the seller.

Thank you.

Contact: Mr. Kola Awoyinka
Company: Renaissance Energy Resources Limited

Posted on : 08-Jan-2025
Posted From : Canada

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