ESPO and EN590 Buy Requirement from China - 20-Jan-2025

Dear Sir,

We want to buy ESPO EN590 Fob.

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 : 20-Jan-2025
Posted From : China

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