AVIATION KEROSENE FUEL GRADE JP54

Description

COMMODITY : AVIATION KEROSENE FUEL GRADE JP*4
QTY : INITIAL LIFT 1 MILLION FROM UST LUGA PORT AND CONTRACT 5 MILLION ROTTERDAM
PRICE : NWE PLATT MINUS GROSS USD$7 AND NET USD$6 PER BBLS
COMMISSION : PAID BY SELLER.
 
PROCEDURES.
1. BUYER SENDS CP
2. SELLER ISSUES OFFICIAL SCO WITH ACCEPTANCE LETTER AND JVP AGREEMENT WITH BUYER.
3. BUYER SIGNS BOTH AND SEND BACK TO SELLER WITH COMPANY CERTIFICATE OF REGISTRATION + IMPORT LICENSE + PASSPORT COPY OF THE ASSIGNED.
4. SELLER ISSUES CI + DRAFT SPA TO BUYER WITH ATV FORMAT 
5. BUYER SIGNS THE CI + DRAFT SPA AND SEND BACK THE ATV SIGNED ALONG WITH THE TSA. 
6. SELLER VERIFIES THE TANK FARM AND THEN SELLER RELEASES THE NOR (NOTICE OF READINESS) AND PAYS TWO DAYS RENT TO TANK FARM AND COMMENCE THE INJECTION OF FUEL TO THE TANKS IN LOADING PORT FOR THE FIRST LIFT QTY. (HERE BUYER CAN BRING THEIR OWN TANKS FROM TANK FARM, THERE IS NO NEED TO PROVIDE TANKS FROM SELLER RECOMMENDED TANK FARM, IF NECESSARY SELLER CAN ASSIST IN GETTING THE TANK FARM)
7. SELLER ISSUES THE DTA TO BUYER, BUYER WILL EXTENSION OF THE TANK STORAGE TILL THE TIME THEY NEED AND INSPECTS WITH SGS. 
8. BUYER AFTER THE DIP TEST MAKES THE PAYMENT IN *4 HOURS BY MT**3 TO SELLER. SELLER THEN CHANGE THE TITLE AND ISSUES ALL THE EXPORT DOCUMENTS IN THEN NAME OF BUYER.
9. BUYER SHIFTS THE FUEL TO VESSEL.
*0. SELLER PAYS THE INTERMEDIARIES AND THE CONTRACT BEGINS AS PER THE CONTRACT SCHEDULE.
 Best Regards,
Haythem Al-Obaydi