Jet Fuel Buy Requirement from China - 10-Jan-2025

Dear Sir,

We want to buy Jet Fuel A1/ JP54/ FOB Special Session (Payment after Inspection)

Ports: Rotterdam, Houston
Origin: Kazakhstan (non-sanctioned)
Quantity: Minimum: 500000 BBLS
Maximum: 10000000 BBLS
Price: $ 72 GROSS / $70 NET COMMISSION: $1 / $1
Below are 4 FOB operation processes for the buyer's reference. You can choose any one and we can provide it.

Introduction of the agent: Our China Council for the Promotion of International Trade has nearly 20000 domestic and international members and has many channels for petroleum companies and oil refineries.

FOB-1 Operation flow
1) Buyer issues Irrevocable Corporate Purchase Order (ICPO) containing the seller's working procedure with banking details along with Tank
Storage Agreement (TSA) as proof of storage tank availability.

2.Seller issues Commercial Invoice (CI) of the product in tanks at the port to be signed by the Buyer and Buyer’s Logistics Company and return for Seller to
complete registration and endorsement with its Storage Tank Control Tower Authority and give Authorization for Buyer and Team.

3. Seller invites buyer for visitation to witness the inspection and TTM for negotiation of future transaction (Optional to Buyer). Seller signs
NCNDA/IMFPA between all intermediaries involved with the notarized copy sent to Seller's bank.

4) Seller issue to buyer POP and documents listed below:
a) GPS coordinate-tank storage receipt TSR with scanned barcode
b) Injection Report Shore Tank (IR)
c) Unconditional Dip test Authorization (DTA)
d) Authorization to sell and collect (ATSC).
E) Fresh SGS Report in Seller Tank. (Not older than 48 hours)
f) Authorization to Verify the Product in Seller's Tank (ATV)
g. Product passport and Analytical report (PP)
h. Product Allocation Certificate {Kazakhstan}
i)Certificate of Product Origin (Kazakhstan)
j) Seller issues NCNDA/IMFPA for the following document to all Intermediaries and to the buyer involved in the transaction for signing.

5) Buyer orders SGS, Intertek or its equivalent team to conduct Dip test inspection on the product in Seller's tank at buyer’s expense and sends his Tank Storage
Receipt (TSR) to seller.

6) Upon successful Dip Test in seller's tanks, product will immediately be injected into Buyer's tanks.

7) Buyer makes 100% payment by MT103 TT wire transfer for the total product and Seller transfers Title Ownership to Buyer. Seller pays commission to all
intermediaries involved in the transaction within 24 hours upon confirmation of buyer’s payment.

8) Seller issues draft Sales Purchase Agreement (SPA)to buyer to review for R&E monthly deliveries.

9) Buyer reviews and approves the SPA and issues SBLC/IRDLC irrevocable, non-transferable, auto revolving for 12 monthly shipment value and documentary letter of credit for length of contract
and in the amount for each lift per schedule. Buyer pays after dip test by MT103 Wire transfer on each monthly quantity.

10) The subsequent delivery shall commence according to the terms and conditions of the contract.

FOB-2 Operation flow
1. Buyer issues ICPO with banking details along with Tank Storage Agreement (TSA) as proof of storage tank availability
2. Seller releases Commercial Invoice (CI)to buyer, then buyer returns the signed CI to seller, alongside with 2 days’ payment invoice from buyer’s Tank farm for seller payment and 3 days
payment invoice for buyer
3. Seller makes payment of 2 days to buyer Tank farm and after payment confirmed by Buyer Tank farm, Buyer immediately pays the remaining 3 days to Buyer tank farm for confirmation to
issue 5 Days TSR/ATI/ATV
4. Buyer sends 5 Days TSR/ATI/ATV, seller issue injection schedule within 24 hours.
5. Seller issues following POP documents to Buyer:
a) GPS Coordinate-Tank storage receipt (TSR)
b) Injection report
c) Dip test authorization (DTA) Unconditional
d) Authorization to Sell and to Collect (ATSC)
e) Fresh SGS Report
f) Authorization to Physically to Verify (ATV)
g) NCNDA/IMFPA

6. Buyer conducts Dip test on the product and makes the payment for the total value of Product injected into the tanks through the means
of MT103- TT.
7. Seller pays both sides Mandates in the transaction and subsequently monthly shipment Continues as per terms and conditions of the sales
and purchase agreement contract between buyer and seller

FOB-3 Operation flow
1) buyer issues ICPO with banking details, tank storage agreement (TSA) and buyer passport.

2) seller issues commercial invoice, buyer signs and returns back to seller for counter signing.

3) seller present product Injection Report and fresh SGS Report (Quality and Quantity) to buyer’s tank farm, upon verification of Injection
Report & fresh SGS report by buyer tank farm only, buyer contacts their tank farm to secure their storage space and issue TSR.

4)seller issues Injection Programming Agreement (IPA) to the buyer to be signed by the buyer and buyers tank farm company, and an
NCNDA/IMFPA signed by all intermediaries involved in the transaction and send to seller for endorsement and legalization.

5) seller on his expense transfers product allocation to buyer and releases the following documents to buyer:
A) Product passport
b) Certificate of origin.
C)Authorization to sell/collect (ATSC).
D) Unconditional dip test authorization (UDTA)
e) Injection schedule along with the nor (notice of
readiness) to commence the injection of the product in buyers’ tank and injection commences as per agreed spot lift quantity.

6) buyer conducts Dip test on product and the seller commences injection into the buyer’s tank storage space. Seller releases the following
documents to buyer:

a) Injection report.
B) Recent SGS quality survey.
C)legalized and registered NCNDA / IMFPA by seller and seller bank sent to the intermediaries’ representative to secure commission payment.

7) buyer proceeds with successful Q&Q dip test on the product in his own tanks, buyer makes the payment for the total value of the product
injected into the buyer tanks via TT/MT103 to seller nominated account.

8) seller releases to the buyer the product title ownership documents and seller pays all intermediaries according to the signed
NCNDA/IMFPA

FOB-4 Operation flow
1) Buyer sends ICPO in line with seller working procedures alongside his/her Tank Storage Agreement (TSA) on receipt and acceptance of
seller's Soft Offer.

2) Seller issues Commercial Invoice ( C.I), Buyer signs within 48 hours and returns to seller within its validity.

3.) Upon receipt of the signed C.I, seller issues Dip Test Authorization (DTA)to be completed and signe

Thank you.

Contact: Mr. Zhangshihua
Company: Ouzhong (hubei) International Trade Co. Ltd.

Posted on : 10-Jan-2025
Posted From : China

Related Products / Keywords

• Jetfuel

• JetA1

• JP54

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• Petroleum