FUELS AND PETROLEUM PRODUCTS
Fuels and Petroleum products – Trading Commodities
Thanks to its international contacts, IBS has direct relationships with official agents of Refineries in Russia, Middle East, South America, Libya, Iraq and Iran. For the sake of simplicity, the information below only concern Russian products.
FOB and CIF PROCEDURES
Since different buyers have different needs concerning purchasing procedures and given that Refineries procedures are often not negotiable, we indicate some examples of purchasing procedures and the main products provided by some Russian refineries. Each refinery has its own procedure. For the sake of simplicity, we mainly indicate the FOB procedures, however, each refinery also has a CIF procedure. Occasional purchases ( SPOT ) are possible.
PRICES / HOW TO ASK FOR A QUOTATION
Each Refinery has its own flagship products, which allow it to be more competitive in terms of price. We have done a selection between Refineries/ Products/ Prices. Therefore, we know that the quotations that will be provided are competitive compared to the Platts indices. To ask for an updated quotation, please send a detailed request through the contacts page below.
Thank you for your cooperation.
** REFINERY ** 1
PRODUCTS :
AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL (JP54)
Minimum Quantity : 1.000.000 BBL 5.000.000 BBL Per Month
FOB Price : upon request
Quality : SGS or similar inspection
Commissions : $ 1 Buy side (open) Seller side $ 1 ( closed )
Payment Term : MT103
Loading Port : Primorsk/ Novorossiysk
Port : RUS – ROTTERDAM – HOUSTON
JET FUEL JPA1 ( AVIATION KEROSENE COLONIALGRADE A1 )
Minimum Quantity : 500.000 BBL – 5.000.000 BBL – Per Month
FOB Price : upon request
Quality : SGS or similar inspection
Commissions : $ 1 Buyer side (open) Seller side $ 1 ( closed )
Payment Term : MT103
Loading Port : Primorsk
Port: RUS – ROTTERDAM – HOUSTON
DIESEL GAS D2 OIL GOST 305-82
Minimum Quantity : 50.000 MT – 100.000 MT – Per Month
FOB Price : upon request
Quality : SGS or similar inspection
Commissions : $ 5 Buy side (open) Seller side $ 5 (closed)
Payment Term : MT103
Port: ROTTERDAM – HOUSTON
D6 FUEL OIL
Minimum Quantity : 50.000.000 – 200.000.000 Gallons
FOB Price : upon request
Quality : SGS or similar inspection
Commissions : 0.1 cent Buy side (open) Seller side 0.1 Cent (closed)
Payment Term : MT103
Loading Port : Vladivostok / Novorossiysk / Primorsk
Port : RUS – ROTTERDAM – HOUSTON
FOB ROTTERDAM TRANSACTION PROCEDURE
1) Buyer issues an official ICPO with full buyer banking details & company registration certificate.
2) Seller issues commercial invoice for first lift quantities for both party’s signatures and endorsement.
3) Buyer provides Tank Storage Lease Agreement [ TSA ]. In order to guarantee maximum success, the Buyer must choose one of these three important Tank Farms of Rotterdam:
VOPAK https://www.vopak.com
SBD LOGISTIEK BV sbdlogistiekbv.nl
TECHNOPORT-BV technoport-bv.nl/
4) Seller verifies buyer’s TSA and issue the below listed Documents:
a) Freight cargo manifest
b) Commitment to Supply
c) Product Passport Dip Test Report
d) Authorization To Sell ( ATS )
e) Bill Of Lading ( B/L )
5) Within 48 hours buyer issues his tank storage receipt [ TSR ] where the product will be injected at the discharge port. Seller verifies TSR and issue NOR. ETA. ATB. DTA. The seller will request that NCNDA / IMFPA be prepared by intermediaries for seller approval.
6) On arrival at the discharge port, the vessels transfer the fuel to the Buyer’s nominated tanks.
7) After fuel injection is completed, Buyer conducts DIP TEST Inspection for Quality and Quantity of the fuel.
8) Upon Successful DIP TEST Inspection Q&Q by the Buyer, within 24-48 hours maximum Buyer make payment via MT103 Wire Transfer for the Total Value of the Product Delivered into the Buyer Tank and Simultaneously Title to the Product is Transfer to the Buyer and Seller hand over all Exportation Documentation in relation to the petroleum product.
9) Commission is paid to Intermediaries involve in the transaction.
10) Buyer issues non-operative IRDLC for the value of one-month’s deliveries. Seller issues a 2% performance bond which activates the Buyer’s bank instrument.
11) Deliveries per contracted delivery schedule begins.
** REFINERY ** 2 ** VIA ** VLADIVOSTOK
PRODUCTS:
D6 FUEL OIL
Minimum Quantity : 50.000.000 – 200.000.000 Gallons
FOB Price : upon request
Quality : SGS or similar inspection
Commissions : 0.1 cent Buy side ( open ) Seller side 0.1 Cent ( closed )
Payment Term : MT103
Loading Port : Vladivostok / Novorossiysk/ Primorsk
Port : RUS – ROTTERDAM – HOUSTON
DIESEL GAS D2 OIL GOST 305-82
Minimum Quantity : 50.000 MT – 100.000 MT – Per Month
FOB Price : upon request
Quality : SGS or similar inspection
Commissions : $ 5 Buy side ( open ) Seller side $ 5 ( closed )
Payment Term : MT103
Port: ROTTERDAM – HOUSTON
AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL (JP54)
Minimum Quantity : 1.000.000 BBL –5.000.000 BBL Per Month
FOB Price : upon request
Quality : SGS or similar inspection
Commissions : $ 1 Buy side ( open ) Seller side $ 1 ( closed )
Payment Term : MT103
Loading Port : Primorsk / Novorossiysk
Port: RUS – ROTTERDAM – HOUSTON
JET FUEL JPA1 ( AVIATION KEROSENE COLONIALGRADE A1 )
Minimum Quantity : 500.000 BBL – 5.000.000BBL – Per Month
FOB Price : upon request
Quality : SGS or similar inspection
Commissions : $ 1 Buyer side ( open ) Seller side $ 1 ( closed )
Payment Term : MT103
Loading Port : Primorsk
Port : RUS – ROTTERDAM – HOUSTON
FOB VLADIVOSTOK TRANSACTION PROCEDURE
1- Buyer issues ICPO with Seller working procedure on it as transaction procedure with banking details.
2- Seller issues Commercial Invoice with tank receipt number and tank number of the product in Seller tanks in port of Vladivostok, Buyer signs and returns back Commercial Invoice with Tank Storage Agreement ( TSA ) from his Tank Company to Seller.
3- Seller sends to Buyer
Commitment Letter to Supply,
Injection Report ( IR )
Authorization to Verify ( ATV )
Tank Storage Receipt ( TSR ) with barcode and GPS Coordinates for Buyer to contact the Tank Farm to verify the product with Tank Farm Company operator.
4- Within 24/48 hours upon receiving the documents from Seller, Buyer proceeds to extend sellers leased Tanks for a minimum of 4 days to enable his SGS team dip test on the product in the Seller Tanks.
5- Seller issues 2% guarantee fee to Buyer in event that Seller fails to perform alongside with the following POP document.
· A. Authorization to Sell
· B. Dip test authorization
6- Upon successful Dip Test in Seller’s Tanks, Buyer makes Payment for the product via MT103 / TT.
** REFINERY ** 3
COMPLETE LIST OF PRODUCTS:
VIRGIN LOW POUR DIESEL FUEL OIL (D6)
D2 RUSSIAN GASOIL GOST 305-82
AVIATION KEROSENE COLONIAL GRADE 54
JET FUEL A1 91/91
MAZUT M100 GOST 10585-75
MAZUT 100 GOST 10585-99
RUSSIAN DIESEL OIL EN 590 10 PPM
ULTRA-LOW SULPHUR DIESEL 50 PPM
GASOLINE 87 OCTANES RUSSIAN ORIGIN
GASOLINE 89 OCTANES RUSSIAN ORIGIN
LIQUEFIELD NATURAL GAS 5542-87
LIQUEFIELD PETROLEUM GAS (PROPANE ( C3H8 ) 50 % + BUTANE ( C4H10 ) SEPARATED ( LPG )
RUSSIA EXPORT BLEND CRUDE GOST 51 858-2002 ( R.E.B.C.O )
RUSSIA EXPORT BLENDS CRUDE GOST 9965-76
COMPRESSED NATURAL GAS ( CNG )
FUEL OIL CST180
UREA GRANULAR AND PRILLED RUSSIAN ORIGINS
BITUMEN / PETROLEUM ASPHALT
MOST SOLD PRODUCTS AND CONDITIONS:
AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL (JP54)
Minimum Quantity : 1.000.000 BBL – 5.000.000 BBL Per Month
FOB Price : Gross $ – Net $ upon request
Quality : SGS or similar inspection
Commissions : Buyer side ( open ) $ 1 Seller side ( closed ) $ 1
Payment Term : MT103
Loading Port : Primorsk/ Novorossiysk
Port : RUS – ROTTERDAM – HOUSTON
JET FUEL JPA1 ( AVIATION KEROSENE COLONIALGRADE A1 )
Minimum Quantity : 500.000 BBL – 5.000.000 BBL– Per Month
FOB Price : Gross $ – Net $ upon request
Quality : SGS or similar inspection
Commissions : Buyer side ( open ) $ 1 Seller side ( closed ) $ 1
Payment Term : MT103
Loading Port : Primorsk
Port : RUS – ROTTERDAM – HOUSTON
DIESEL GAS D2 OIL GOST 305-82
Minimum Quantity : 50.000 MT – 100.000 MT – Per Month
FOB Price : Gross $ – Net $ upon request
Quality : SGS or similar inspection
Commissions : Buyer side (open) $ 5 Seller side (closed) $ 5
Payment Term : MT103
Port : ROTTERDAM – HOUSTON
D6 FUEL OIL
Minimum Quantity : 50.000.000 – 200.000.000 Gallons
FOB Price : Gross $ – Net $ upon request
Quality : SGS or similar inspection
Commissions Buyer side (open) $ 0.1 cent Seller side (closed) $ 0.1 Cent
Payment Term : MT103
Loading Port : Vladivostok / Novorossiysk / Primorsk
Port : RUS – ROTTERDAM – HOUSTON
MAZUT 100 GOST – 10585 75 RUSSIAN ORIGIN
Minimum Quantity : 50.000 MT – 100.000 MT – Per Month
FOB Price : Gross $ – Net $ upon request
SGS or similar inspection
Commissions : Buyer side ( open ) $ 5 Seller side ( closed ) $ 5
Payment Term : MT103
Loading Port : Vladivostok / Vanino / Primorsk
Port : RUS – ROTTERDAM
MAZUT 100 GOST 10585 99 RUSSIAN ORIGIN
Minimum Quantity : 50.000 MT – 100.000 MT – Per Month
FOB Price : Gross $ – Net $ upon request
SGS or similar inspection
Commissions : Buyer side ( open ) $ 5 Seller side ( closed ) $ 5
Payment Term : MT103
Loading Port : Vladivostok / Vanino/ Primorsk
Port : RUS – ROTTERDAM – HOUSTON
RUSSIA LIQUEFIED NATURAL GAS ( LNG )
Minimum Quantity : 50.000 MT – 500.000 MT – Per Month
FOB Price : Gross $ – Net $ upon request
Quality : SGS or similar inspection
Commissions : Buyer side (open) $ 5 Seller side (closed) $ 5
Payment Term : MT103
Loading Port : Vladivostok / Novorossiysk / Primorsk Port : RUSSIA
DIESEL GAS OIL ULTRA LOW SULPHUR DIESEL 50 / 10 PPM / EN590
Minimum Quantity : 100.000 MT – 500.000 MT – Per Month
FOB Price : Gross: $ Net $ upon request
Quality : SGS or similar inspection
Commissions : Buyer side(open ) $ 5 – Seller side (closed) $ 5
Payment Term : MT103
Loading Port : Vladivostok / Novorossiysk
Port : RUS – ROTTERDAM
F.O.B. SALES & PURCHASE PROCEDURE (NON-RUSSIAN COMMERCIAL PORT)
1) After receiving Buyer ICPO, Seller issues signed Commercial Invoice to Buyer.
2) Buyer returns the signed Commercial Invoice to Seller with TSA including Seller name
3) Seller notarizes the signed CI and sends copy ( in PDF ) to Buyer.
4) Seller issues the following PPOP documents to the Buyer:
Certificate of Origin of the product;
Export license;
Commitment to Supply;
Statement of Availability of Product;
Authorization to Sell and Collect Petroleum Product;
Product Allocation Certificate;
Product Passport;
Receipt of product storage reservoir/tanks;
5) D.T.A. (to be endorsed by Buyer Tank Farm for confirmation of storage availability);
6) Upon Confirmation of endorsed D.T.A, Dip test is conducted immediately at buyer’s expense
7) After successful Dip test, SPA is signed, NOR is issued, and injection begins at seller expense
8) Seller Issues title change/transfer of product ownership to Buyer { Full POP }, in English and Russian language
9) Buyer pays for product via MT 103, and Shipping schedule according to SPA is issued to Buyer
10) Intermediary Parties are paid according to NCNDA / IMFPA
11) First lift is concluded, and terms of the SPA continue.
** REFINERY ** 4
SOME AVAILABLE PRODUCTS: ( the list is not complete )
JET FUEL JP54 (AVIATION KEROSENE COLONIAL GRADE 54)
VIRGIN DIESEL D6
MAZUT M100 GOST 10585-75
GENERAL CONDITIONS:
PERFORMANCE BOND ( PB ) : 2% of the first month shipment value
DESTINATION: ASWP
INCOTERMS: FOB
LOADING PORT : NOVOROSSIYSK / VLADIVOSTOK / NAKHODKA / PRIMORSK / ROTTERDAM
PAYMENT TERM’S : IRREVOCABLE LC, T/T TELEGRAPHIC TRANSFER, BGOR SBLC MT 760, MT 103
INSPECTION : SGS, CIQ or similar
COMMISSION SELLER’S SIDE- $ 5.00 PER MT / BUYER’S SIDE -$ 5.00 PER MT
SELLER SIDE $ 2 PER BBL / BUYER SIDE $ 2 PER BBL
SELLER SIDE $ 0.2 PER BBL / BUYER SIDE $ 0.2 PER GLN
INSURANCE PAID BY SELLER, COVERING 110 % OF SHIPMENT VALUE
PROCEDURE FOB DIP AND PAY ROTTERDAM PORT
1. Buyer issues ICPO and Company Profile to seller.
2. Upon approval Seller issues CI, Buyer signs and returns back to seller along with their TSA and ATV.
3. Seller verify the existence of the buyer’s storage facility and issues to Buyer
a) Commitment to Supply
b) NOR (Notice Of Readiness)
to commerce the Injection of the product.
4. Seller and Buyer leases the Buyer’s tank for 7 days, while Seller pays 3 days and Buyer pays 4 days and commerce with the Injection of the first month shipment quantity from the loading port storage.
5. Seller issues to Buyer
a) Injection Report
b) DTA
c) Product Passport
and Buyer finalize with his tank facility on agreement to inspect product by SGS agent after injection.
6. Upon Buyer successful Q&Q Dip test on the product, Buyer pays back the paid storage fees plus product payment of the total value of the product Injected into the tanks through MT103 / TT.
7. Upon Seller receives the payment from Buyer, Seller issues to Buyer Title Ownership of the product and all exportation documents of the product.
8. Buyer lifts the product and Seller pays all intermediary involved in the transaction.
** REFINERY ** 5
AVAILABLE PRODUCTS:
VIRGIN FUEL OIL D6
Quantity : Minimum 50.000.000 GALONS Spot trail, Maximum Contract 100.000.000 GALONS / every 14 days
FOB PRICE : $ GROSS / $ NET upon request
COMMISSION : $ 0.2 / $ 0.2: Rotterdam
RUSSIAN D2 GAS OIL GOST ( DIESEL ) LO.2-62 GOST 305-82 ORIGIN
Quantity : Minimum 50.000 MT, Maximum 100.000 MT
CIF Price : $ GROSS / $ NET upon request
FOB Price : $ GROSS / $ NET upon request
Commission : $ 5 / $ 5
MAZUT M100 GOST – 1058575 RUSSIAN ORIGINS
Quantity: Minimum 50.000 MT – Maximum 1.000.000 MT
CIF Price: $ GROSS / $ NET upon request
FOB Price: $ GROSS / $ NET upon request
Commission: $ 5 / $ 5
GASOLINE DTN EN 590 RUSSIAN ORIGINS
Quantity : Minimum 100.000 MT – Maximum 1.000.000 MT
CIF PRICE : $ GROSS / $ NET upon request
FOB PRICE : $ GROSS / $ NET upon request
COMMISSION : $ 5 / $ 5
JET PROPULSION, A1, COLONIAL GRADE 54 RUSSIAN ORIGIN
Quantity : Minimum 1.000.000 BBLS Spot – Contract 2.000.000 BBLS
CIF Price : $ GROSS / $ NET upon request
FOB Price : $ GROSS / $ NET upon request
Commission : $ 1 / $ 1: Rotterdam
GENERAL CONDITIONS:
ORIGIN : Russian Federation
DELIVERY : FOB / CIF ASWP with Rollover & Extension
INSPECTION : SGS test report will be conducted at the loading port by SGS
PAYMENT INSTRUMENT : DLC / SBLC / IRDLC / BG / T/T, MT103, at Sight
LOADING PORT : Rotterdam / Vladivostok / Novorossiysk Port
PERFORMANCE BOND ( PB ) : 2% PB to be issued by Seller’s Bank in favour of the Buyer
SHIPMENT METHOD : Via vessel or pipeline to Buyer’s tank Rotterdam port
COMMISSION : US $ 10 per MT / US $ 2 per BLS / US $ 0.04 per GAL
NON NEGOTIABLE FOB WORKING PROCEDURE
1. Buyer sends ICPO to Seller on receipt of Seller’s Soft Offer.
2. Seller issue ( CI ) Commercial Invoice to buyer.
3. Buyer sign and return along with tank storage agreement ( TSA ) ( ATV ) authorization to verify as proof of storage tank availability from buyer tank farm.
4. NCNDA / IMFPA must be signed by all buyer groups with commission structures.
5. Seller issues the Buyer 5 DAYS) Unconditional Dip Test Authorization ( DTA ), tank storage receipt ( TSR ), FRESH SGS REPORT, ATSC, to enable Buyer ( “ And / Or Their Nominees / Assign’s ” ) to Dip Test the product in seller tank.
6. Buyer order SGS to conduct the Dip test of the product in the Seller Tank on buyer expense.
7. Upon successful dip test, buyer provide tank storage receipt ( TSR ) & ( ATI ) SELLER commerce injection on buyer storage tank along and issue full Proof of Product ( POP ) to Buyer.
8. Buyer makes the full payment to seller nominated foreign Bank Account, for the total quantity Via MT103 / Wire Funds Transfer, as per the Commercial Invoice.
9. Seller confirms payment and submits to Buyer ( “ And / Or Their Nominees / Assign’s ” ), Title of Ownership and the Buyer ( “ And / Or Their Nominees / Assign’s ” ) assumes Title and Owns the Fuel.
10. Seller pays commission to all intermediaries involved in the transaction 24 hours after.
CIF WORKING PROCEDURE
1. Buyer issues ICPO with letter of acceptance to seller upon receipt of soft corporate offer.
2. Seller issues Sales and Purchase Agreement open for amendment for buyer review.
3. Buyer review draft agreement and returns to seller sign in word format to seller.
4. Upon acceptance Seller acknowledged and submit the contract to the Ministry for legalization on seller expense after 72 hours.
5. Upon acceptance seller issues to the buyer FRESH SGS REPORT BASED ON INTERNATIONAL ANALYTICAL REPORT, legalized contract from the Ministry including listed Part of Proof of Product approved by the appropriate ministry all the documents will send through courier on seller expense upon Notarization of the partial PPOP
A. STATEMENT OF AVAILABILITY OF PRODUCT
B. TANK RECEIPT OF THE PRODUCT STORAGE
C. CERTIFICATE OF ORIGIN
D. CHARTER PARTY AGREEMENT.
E. REGISTERED HARD COPIES CONTRACT ISSUED BY THE MINISTRY OF JUSTICE.
F. CERTIFICATE OF CONFORMITY
G. COMPANY CERTIFICATE OF TAX INCORPORATION
H. FRESH SGS REPORT BASED ON INTERNATIONAL ANALYTICAL REPORT
I. EXPORT LICENCE & ATS
6. Buyers bank open communication with seller bank and agree to issue Irrevocable non transferable, non assignable, non divisible, Revolving Documentary letter of credit covering first shipment value. ( Buyer’s Bank Option).
7. Seller issues all Proof of Product including the SGS based on international analytical report / BILL OF LADING to buyers Bank in accordance to instrument presented by buyer’s bank, Seller’s Bank replied with 2% PB to activate the letter of credit issued by the Buyers Bank.
8. Seller clears vessels from the commercial terminal ( Russian Shore ) Buyer confirm shipping documents with vessels captain while Seller effect delivery to buyer destination according to contract schedule and arrange payment to all intermediaries involved from both party representatives after confirmation on of quality and quantity ( Q&Q ) or CIQ report.
** REFINERY ** 6
LIST OF PRODUCTS:
JET FUEL ( JP54 and JET A1 )
Minimum Quantity : 500.000 BBL x 12
Maximum Quantity : 2.000.000 BBL x 12
CIF Price per Barrel : United States dollars (upon request)
DIESEL GASOIL L-02-62 GOST 305-82
Minimum Quantity : 50.000 MT x 12
Maximum Quantity : 500.000 MT x 12
CIF Price per Metric ton : United State dollars (upon request)
MAZUT ( M100 ) GOST 10585-75 and 10585-99
Minimum Quantity : 50.000 MT x 12
Maximum Quantity : 350.000 MT x 12
CIF Price per Metric ton : United States dollars (upon request)
RUSSIAN EXPORT BLENDS CRUDE OIL ( REBCO )
Minimum Quantity : 500.000 BBL x 12
Maximum Quantity : 2.000.000 BBL x 12
CIF Price per Barrel : United States dollars ( upon request )
AUTOMOTIVE GASOIL ( AGO )
Minimum Quantity : 50.000 MT x 12
Maximum Quantity : 200.000 MT x 12
CIF Price per Metric ton : United States dollars ( upon request )
GASOLINE 87 89 93 OCTANES
Minimum Quantity: 50.000 MT x 12
Maximum Quantity: 350.000 MT x 12
CIF Price per Metric ton : United States dollars ( upon request )
BASE OIL SN.150
Minimum Quantity : 50.000 MT x 12
Maximum Quantity : 350.000 MT x 12
CIF Price per Metric ton : United States dollars ( upon request )
BASE OIL SN.500
Minimum Quantity: 50.000 MT x 12
Maximum Quantity: 350.000 MT x 12
CIF Price per Metric ton : United States dollars ( upon request )
LIQUEFIED PERTROLEUM GAS
Minimum Quantity : 50.000 MT x 12
Maximum Quantity : 350.000 MT x 12
CIF Price per Metric ton : United States dollars ( upon request )
LIQUEFIED NETURAL GAS
Minimum Quantity : 50.000 MT x 12
Maximum Quantity : 350.000 MT x 12
CIF Price per Metric ton : United States dollars ( upon request )
BITUMEN 60 / 70
Minimum Quantity : 50.000 MT x 12
Maximum Quantity : 350.000 MT x 12
CIF Price per Metric ton : United States dollars ( upon request )
BITUMEN 80 / 90
Minimum Quantity : 50.000 MT x 12
Maximum Quantity : 350.000 MT x 12
CIF Price per Metric ton : United States dollars ( upon request )
PETROLEUM COKE
Minimum Quantity : 50.000 MT x 12
Maximum Quantity : 350.000 MT x 12
CIF Price per Metric ton : United States dollars ( upon request )
COST INSURANCE FREIGHT ( CIF ) PROCEDURES
1. Buyer confirms Soft Offer and issues an official Irrevocable Corporate Purchase Order ( ICPO )
2. Seller issues Full Corporate offer ( FCO ) Buyer signs and return ( FCO )
3. Seller’s issues sales and Purchase Agreement SPA or Draft Contract open for amendment with payment instruction for buyer and his team invitation fee for ( TTM ). Invitation fee covers both ( Hotel reservation, Feeding and Security ) While in Russian Federation during the TTM.
4. Buyer countersigns and seals the Sale and Purchase Agreement ( SPA or Draft Contract ) and send to Seller via email. With payment confirmation for invitation fee.
5. Buyer visit Refinery, for a table meeting ( TTM ) with the board of directors.
6. Seller ( Refinery ) issues original contract for signatory, both parties exchange hard copy of contract and lodges contract in their respective Banks.
7. Seller sign the CPA with a shipping company and issues the Full POP documents and 2% PB to buyer’s Banks.
8. Shipment commences as per contract schedule.
9. Within 3 working days of vessel arrival, buyer release full payment via MT103 after CIQ / SGS at the destination port.
10. Seller pays all intermediaries on Seller’s side accordingly within 72 hours.
** REFINERY ** 7 ** TTO ** PROCEDURE
SOFT CORPORATE OFFER TTO PROCEDURE
AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL
ORIGIN : Russia
LIFTABLE QUANTITY : 1,000.000 BBL 2.000.000 BBL MONTHLY
PRICE : GROSS US $ / BBL – NET US $ / BBL ( Ask quotation )
COMMISSION : US $ 2 / BBL , Buyer side $ 1, Seller side $ 1 TTO ASWP
INSPECTIONS : SGS or Equivalent
VIRGIN FUEL OIL D6 ( 0.380 Sulphur Max )
ORIGIN : Russia
LIFTABLE QUANTITY : 50,000.000 GL – 200.000.000 GL WEEKLY
PRICE : GROSS US $ / GL – NET US $ / GL ( Ask quotation )
TTO ASWP
COMMISSION : $ .0.02 SELLER SIDE , $ 0.02 BUYER SIDE
INSPECTIONS : SGS or Equivalent
Diesel Gas Oil Gost 305 82
ORIGIN : Russia
LIFTABLE QUANTITY : 50.000 MT – 200.000 MT MONTHLY
PRICE : GROSS US $ / MT – NET US $ / MT ( Ask quotation )
TTO ASWP
COMMISSION: $ 5 SELLER SIDE, $ 5 BUYER SIDE
INSPECTIONS : SGS or Equivalent
MAZUT 100 GOST 1058575
ORIGIN : Russia
LIFTABLE QUANTITY : 50.000 MT – 200.000 MT MONTHLY
PRICE : GROSS US $ / MT – NET US $ / MT ( Ask quotation )
TTO ASWP
COMMISSION : $ 5 SELLER SIDE , $ 5 BUYER SIDE
INSPECTIONS : SGS or Equivalent
TRANSACTION DELIVERY TERM FOR TTO ASWP
1. Buyer issues Irrevocable Corporate Purchase Order ICPO with seller procedures .
2. Seller issues the Tanker Take – Over Contract for review and endorsement by the buyer .
3. Seller issues to buyer the partial Proof of Product and Shipping documents as listed below ;
4. (a.) Certificate of Origin
(b.) Refinery Commitment Letter to Supply
(c.) Refinery License to Export
(d.) Product Passport ( Analysis Result )
(e.) Tank Storage Receipt ( TSR )
(f.) Bill of Lading
(g.) Vessel’s Q88
(h.) Invoice for 10% Guarantee Deposit
5. Upon receipt and confirmation of the above documents by Buyer, Buyer makes payment of 10 % guarantee Deposit of the total cargo by TT / MT 103 to the Refinery Nominated Escrow Account .
6. Upon receipt and confirmation of the above payment, Seller issues the ACT of TRANSFER in Buyers Name, Title of Ownership Certificate to be followed by all Export Documentation will be sent to the buyer alongside the S.G.S Report at the loading Port .
7. Upon arrival of the vessel at Discharge Port, the vessel captain will hand over all the original POP documents to the Buyer’s representative while Buyer pays for the total contract after SGS, CIQ or equivalent inspection at the discharge port via T/T Wire transfer and the amount payable for Allocation Guarantee Deposit will be deducted while offloading will commence immediately .
8. Seller pays Commission to all involved mandates and intermediaries by T/T Wire Transfer as mutually agreed. If the above procedure is accepted buyer is expected to include the refinery transaction procedure in his ICPO for us to proceed further .
** REFINERY ** 8 ** ESCROW ** ACCOUNT ** FOB ** PROCEDURE
Please ask the product of Interest. Below the procedure.
ESCROW ACCOUNT FOB PROCEDURE :
1. Buyer issue irrevocable corporate purchase order ( ICPO ) to the seller .
2. Seller issue pro-forma invoice with Sales purchase agreement ( SPA ). Buyers sign / seal the sellers SPA and send copy of the contract to seller in PDF format as final .
3. Subsequent to sign and seal of SPA . The Seller and buyer Deposit 5% with Escrow as performance guarantee .
4. Subsequently seller conducts fresh SGS and transmits to buyers immediately . Subsequent to successful SGS Quality and Quantity report at the Sellers terminal, the buyer makes 100 % payment for the product by SWIFT MT103 . Seller transfers title of the product to the buyer, henceforth the buyer is the owner of the product .
5. Commission is paid within 24hrs to facilitators and intermediary subsequent to payment.
This Escrow account FOB Procedure have been negotiated for real buyers with fund and who are scared to follow the tank to tank procedure . The seller also do bank to bank with SBLC ( non transfers and non divisible ) but escrow gives 3 rd party assurance .
** REFINERY ** 9 ** EN 590 ** 10PPM
Departure port: Kozmino, Primorsk, Nakhodkaports
• Minimum quantity : 10,000 MT
• Quotation : Gross $ – Net $ (upon request)
• The product already contains additives
CIF MEDITERRANEAN SEA – EN590 10 PPM PROCEDURE
1. Buyer issues Irrevocable Corporate Purchase Order ( ICPO ) with seller procedures.
2. Seller issues the Takeover of contract for review and endorsement by all parties.
3. Seller issues Proof of Product and Shipping documents as listed below:
A. Certificate of Origin
B. Company License to Export
C. Product Passport ( Dip Test Result )
D. Bill of Lading
E. Vessel’s Q88
F. Tax Registration Certificate
G. Invoice for 10% TT Payment
4. Upon receipt of the above documents by the buyer, buyer makes 10% payment for the Allocation Security Guarantee Deposit of the cargo payable to the Refinery nominated escrow account via T/T Wire transfer.
5. Upon receipt of the above payment of the vessel Allocation Security Guarantee Deposit, the Ownership Certificate will be issued and remaining Proof of Product and shipping documents will be sent to the buyer alongside the SGS Report at the loading port while the course of the vessel will be re-routed to the current buyer’s discharge port.
6. Upon arrival of the vessel at Discharge Port, the vessel captain will hand over all the original POP documents to the buyer’s representative while buyer pays for the total contract after SGS, CIQ or equivalent inspection at the discharge port via T/T Wire transfer and the re-routing fee will be deducted while offloading will commence immediately.
** REFINERY ** 10 ** EURO DIESEL ** EN 590
We are pleased to offer Eurodiesel EN590 Ultra Low Sulphur Diesel 10 / 50 ppm from one of the Sellers that we work with under CIF ASWP delivery basis .
PLEASE NOTE THAT THIS OFFER IS ONLY FOR CIF DELIVERY BASIS
THERE ARE NO UPFRONT PAYMENTS
USE OF FINANCIAL INSTRUMENT IS REQUIRED
SELLER OFFERS 2 % PERFORMANCE BOND
EURODIESEL EN590
Quality : Ultra Low Sulphur 10 / 50 ppm Sulphur
Price CIF ASWP : ( ASK QUOTATION ) US $ per MT Gross / US $ per MT Net
Quantity : Minimum 50.000 MT then up to 400.000 MT per month x 12 months
Commission:
US $ 10.00 per MT paid by SELLER shared
– Seller Side US $ 5.00 per MT ( CLOSED )
– Buyer Side US $ 5.00 per MT ( OPEN ) shared as per completed NCND / IMFPA.
Origin: Russian Federation
Delivery: CIF – Rotterdam o ASWP
TRANSACTION PROCEDURES
Seller Mandate issues Soft Offer to Buyer .
Buyer issues an ICPO with wording that mirrors the Soft Offer , with Company profile , Company Registration and full banking coordinates, along with passport photo and NCND / IMFPA already completed by Buyer Mandate and signed by Buyer and Buyer Side Group and passed to Seller Side for completion, Seller then issues Draft Contract open for amendments, along with fully completed and signed NCND / IMFPA to Buyer .
Buyer countersigns and seals the Contract and sends via Email to Seller .
Buyer issues MT 799 Unblocked Funds three days after receiving signed Contract from Seller .
Seller issues PPOP ( Partial Proof of Product ) which will consist of the following documents :
Certificate of Origin
Product Passport
Statement of product availability
Buyer issues inoperative, Non Transferable, SBLC / DLC ( choice of Buyer ).
Seller issues 2 % Performance Bond to activate the SBLC / DLC .
Seller to provide Full Proof of Product, which will include:
Statement of Product availability
Product Certificate of Origin
Refinery Commitment to Supply
Registration Document to Export
Product Passport ( Dip Test Result )
Tank Storage Receipt
Chemical Analysis Report
Ship arrives at Destination Port and conduct inspection on the goods and buyer release payment via MT103 / TT to seller bank after inspection at Destination Port 100% payable for each shipment within 2 banking days upon the cargo passed SGS, BL and Commercial Invoice .
Documents from shipping on board vessel . ( To be issued after loading )
After SGS inspection at Discharge Port, within 2 Banking days, Buyer shall make TT payment to Seller’s account .
After confirmation of receipt of payment Seller shall instruct ship’s captain to discharge cargo .
Seller sends the title ownership documents to Buyer .
Seller pays commission .
Please note that Spot transactions are not offered and this offer is strictly for CIF delivery .
We are unable to change or alter the procedure in any way at all so please we request that only those who intend to take the offer as provided are to contact us .
** REFINERY ** 11 ** FOB ** CI ** DIP & PAY
FOB CI DIP & PAY PROCEDURE
1. DIESEL FUEL EN 590 ( ULSD 10 PPM )
20.000 MT – 100.000 MT Liftable
Price : $ Gross / $ Net per MT ( ask quotation )
2. DIESEL D6 VIRGIN LOW POUR FUEL OIL
50.000.000 Gallons – 400.000.000 Gallons Liftable
Price : $ Gross/ $ Net per Gallon ( ask quotation )
3. DIESEL D2 GASOIL L 0.2 62 GOST 305 82
20.000 MT – 100.000 MT Liftable
Price : $ Gross / $ Net per MT ( ask quotation )
4. AVIATION KEROSENE COLONIAL GRADE 54 ( JET FUEL JP54 )
500.000 BBL – 2.500.000 BBL Liftable
Price : $ Gross / $ Net per BBL
5. JET FUEL A 1
300.000 BBL – 2.000.000 BBL Liftable
Price : $ Gross / $ Net per BBL
6. MAZUT M100 GOST 10585 75
20.000 MT – 100.000 MT Liftable
Price: $ Gross / $ Net per MT
ADDITIONAL DETAILS
ORIGIN : RUSSIAN FEDERATION
GRADE : STANDARD EXPORT GRADE AND QUALITY
SPECIFICATION : STANDARD EXPORT QUALITY
COMMISSION STRUCTURE : 50 % BUYER SIDE / 50% SELLER SIDE . DIFFERENCE BETWEEN THE GROSS PRICE & THE NET PRICE
CONTRACT TERM : SPOT + 12 MONTHS CONTRACT WITH POSSIBLE ROLLOVER & EXTENSION
PAYMENT TERM T / T & MT 103
DELIVERY TERMS : PRODUCTS ALREADY STORED IN SELLER’S LEASED TANKS AT THE BELOW RESPECTIVE PORTS
FOB PORTS : ROTTERDAM, HOUSTON, NOVOROSSIYSK, UST-LUGA, PRIMORSK & VLADIVOSTOK
STANDARD PROCEDURE 1
1. Buyer issues ICPO along with Buyer’s company certificate of registration
2. Seller issues Commercial Invoice ( C I ) to Buyer . Buyer signs and returns
3. Seller provides to Buyer the below POP Documents via email:
* Tank Storage Receipt ( T S R ) with verifiable bar code
* Authorization to Verify ( A T V ) to contact the Tank Operator Company and verify the product in Seller’s tank
* Product Passport Q & Q ( Analytical Report in Seller’s tank, conducted and issued by the Tank Operator Authorized Laboratory )
* Certificate of Statement of Product Availability with the tank location & coordinate
* Unconditional Dip Test Authorization ( D T A ) with Tank Number, Tank Coordinate and Tank Operator full contact details
4. Buyer contacts the Tank Operator Company with the ATV for verification and upon successful verification & confirmation, Buyer sends the DTA to the Tank Operator Company and in return requests for the Inspection Form , Compulsory Entrance Inspection Permit, Security
Clearance Accreditation and Appointment Letter for physical access & entrance into their storage facility from the Tank Operator Company to conduct dip test on the product in Seller’s leased tanks .
5. Seller legalizes the Commercial Invoice with the Authorities in Charge and sends to Buyer the legalized the Commercial Invoice, the Change of Ownership Title & Allocation Documents, Authorization to Sell & Collect [ ATSC ] and the Allocation Passport Certificate [ APC ] respectively
and signs NCNDA / IMFPA between all intermediaries involved with the notarized copy sent to Seller’s bank.
6. Buyer conducts Dip Test & upon successful Dip Test, Buyer sends Its Exit Tank Details or Exit Vessel Details for injection, while Seller injects the product into Buyer’s exit tank / vessel. Buyer makes payment by MT 103 or TT wire transfer for the total product available, Seller release to the Buyer all relevant Documents relating to the exportation of the product such as Bill of Lading, SGS Report, Injection Report, Certificate of Origin, etc.
7. Seller pays all intermediaries involved in the transaction .
STANDARD PROCEDURE 2
1. Buyer sends ICPO, Company Registration Certificate along with Buyer’s Tank Storage Agreement ( TSA ) from their tank operator company ( with the exact product name and quantity as stated on their ICPO ) in Word Format as proof of storage availability and readiness for the transaction and send it along with their Authorization to Verify ( ATV ) to confirm their TSA, storage availability and readiness .
2. Seller confirms and signs Buyer’s TSA as their Supplier and issues the Commercial Invoice ( CI ) for the requested quantity to Buyer, Buyer signs and returns to Seller along with Buyer’s ATV for Seller to confirm Buyer’s TSA and readiness for Dip Test and Injection of the product into Buyer’s exit tank .
3. Seller issues the Notice of Readiness ( NOR ) Letter to Buyer for Injection of the product into Buyer’s exit tank upon successful dip test in Seller’s tank . Buyer and Buyer’s tank operator company ( tank farm ) signs and returns the Notice of Readiness ( NOR ) Letter .
4. Upon confirmation of Buyer’s readiness by receiving the signed Notice of Readiness ( NOR ) by Buyer and its tank farm, Seller issues the following POP Documents :
a. Certificate of Statement of Product Availability with the tank location & coordinate
b. Tank Storage Receipt ( T.S.R ) with verifiable bar code
c. Unconditional Dip Test Authorization ( DTA ) with Tank Number, Tank Coordinate and Tank Operator full contact details
d. Authorization to Verify ( A.T.V ) to contact the Tank Operator Company and verify the product in Seller’s tank
5. Buyer contacts the Tank Operator Company with the ATV and DTA
The Tank Operator Company sends the Fresh SGS report to Buyer along with the Inspection Form, Compulsory Entrance Inspection Permit, Security Clearance Accreditation and Appointment Letter for physical access & entrance by Buyer and Buyer’s delegates / inspection team into their storage facility to conduct dip test on the product in Seller’s leased tanks .
6. Buyer conducts Dip Test & upon successful Dip Test, Seller injects the product into Buyer’s tank . Buyer makes payment by MT103 or TT wire transfer for the total product available . Seller pays all intermediaries involved in the transaction.Price lists are negotiable. If the terms and procedure is acceptable, Buyer should issue their official ICPO addressed to ROS on Buyer’s company letterhead with complete identification of Principal Buyer, contact details fully signed, stamped and sealed along with Buyer’s company registration certificate.
EXAMPLES OF TECHNICAL SHEETS:
Russian Aviation Kerosene, Colonial Grade 54
Russian diesel oil EN 590 10 PPM
Russian Gasoil diesel D2 L0
Russian virgin low pour diesel fuel oil D6
Fuel ultra low sulfur diesel 10 PPM
Russian A1 Specs
LINKS AND ARTICLES:
FUEL Wikipedia
FUELS Wikipedia
FOSSIL FUEL Wikipedia
FUEL GAS Wikipedia
LIQUID FUEL Wikipedia
SOLID FUEL Wikipedia
ALTERNATIVE FUEL Wikipedia
SYNTHETIC FUEL Wikipedia
PETROLEUM Wikipedia
PETROLEUM PRODUCTS Wikipedia
SGS GROUP : inspection, verification, testing and certification
TANK FARM (wikipedia)
TANK FARM VOPAK
TANK FARM SBD LOGISTIEK BV
TANK FARM TECHNOPORT-BV
PETROLEUM LIQUIDS – SAMPLING : Taxation and Customs Union – Italian language
FISCO OGGI – Bunkering of petroleum products Italian language
MARKET AND LOGISTIS OF PETROLEUM PRODUCTS – Italian Ministry of Economic Development – Italian Language
Italian Ministry of Economic Development – New method for calculating fuels average weekly price – Italian Language
Italian Ministry of Economic Development – FUELS MARKET – Fuels prices in Italy and Europe – Italian Language
I.S.P.R.A. – SPILLS OF PETROLEUM PRODUCTS : security and control of maritime transport – Italian Language
INCOTERMS 2010 Wikipedia
INCOTERMS 2010
MAIN DOCUMENTS TO USE ON THE FOREIGN MARKET
THE DELIVERY AND THE QUALITY OF THE GOODS
MENTIONS ABOUT THE ORIGIN OF THE GOODS
CUSTOM GLOSSARY
