To:
We, GAS TRADING REFINED OIL L.L.C hereby state and represent that it is our corporate intention to sell commodity EN590 10ppm (ULSD) in the quantity and for the price as specified in the Terms and Conditions stated below. This representation is made with full corporate authority and responsibility:
COMMODITY: EN590 10ppm (ULSD)
ORIGIN: Non-Sanctioned country – Azerbaijan – Fully EU Customs Cleared
SPECIFICATIONS: EN590 10ppm (see Appendix 1)
TOTAL/CONTRACT QUANTITY: First lift 50-100.000 MT, then up to 400,000 MT per month in a 12-month period. Extension possible.
PACKAGING: Bulk
DELIVERY SIZE: 50-100.000 MT +/- 5% (One vessel)
DELIVERY SCHEDULE: Delivery schedule in the SPA
MODE OF PAYMENT: REGULAR S.P.A. ARDLC MT700 for a monthly Value for a 12-month period, then on delivery ISO 20022 or MT103/202
MODE OF SECURE LOGISTIC SERVICE: T.B.A.
TARGET PRICE: Target price: 3 days average price minus -$20 USD per MT from FOB NWE Platts index code AAVBF00.
TARGET LOGISTIC PRICE: T.B.A.
LOADING SEA PORT: Rotterdam Port, The Netherlands
DISCHARGE RATE: TBD INSPECTION: SGS, BV or Similar Organization
DOCUMENTS: FOR RELEASE PAYMENT ON DELIVERY TO VESSEL: T.B.A. at S.P.A.
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TRANSACTION PROCEDURE FOB TANK TO VESSEL- ROTTERDAM EN590 10ppm (ARDLC)
Transaction procedure FOB Tank to Vessel – Rotterdam port, the Netherlands
1. The buyer sends ICPO/CPA.
2. The seller issues SPA for the first lift 50-100,000 MT and then 50-400,000 MT per month for the remined period of the contract.
3. The buyer and seller sign the SPA. The buyer’s bank shall issue confirmation and provide the ARDLC (MT700) draft verbiage on the bank’s
official letterhead to the seller and the seller’s bank for review and approval.
4. After approval of MT799 & MT700 verbiage, the buyer and seller lodge SPA with their banks. The buyer’s bank will issue RWA MT799 to
seller’s bank.
5. Within five (5) banking days, the buyer bank will issue RDLC Swift MT 700 from a top 50 EU/US-ranked bank or try top 25 EU corresponding
bank service to the seller’s bank account of value x.000.000 USD (xxxxx million dollars). Seller bank revert With 2% PBG
6. Seller issues full POP within 3-10 working days, including docs after loading:
1 Certificate Of Quality (COQ).
2 Certificate Of Quantity (COQTY)
3 Certificate Of Origin (COO)
4 Refinery Certificate / Manufacturer Certificate
5 Bill Of Lading (B/L)
6 Cargo Manifest
7 Tanker Ullage Report
8 Tanker Time Sheet / Statement Of Facts (SOF)
9 Vessel Master Receipt / Notice Of Readiness (NOR)
10 Vessel Q88 Document
11 Independent Inspector Report
12 Tank Calibration Certificate
13 Quantity & Quality Determination Report
14 Load Port Analysis Result
15 Commercial Invoice
16 Charter Party Agreement (CPA) (Optional)
17 Freight Invoice
18 Trade Permit /License
19 Customs Clearance Certificate
20 NOC – No Objection Certificate (Optional)
21 Port Authority Clearance
22 Transfer Of Ownership Letter. (After Payment)
23 Title Holder Letter
24 Seller’s Certificate Of Ownership
25 Insurance Certificate / Insurance Policy (Optional)
26 P&I Insurance Certificate (Optional)
7. Buyer shall nominate an IMO compliant vessel for FOB loading. The vessel shall be subject to the seller’s and terminal’s acceptance,
including verification of Q88, class, P&I, certificates, ETA, cargo tank readiness, port compatibility and compliance with IMO, SOLAS, MARPOL, ISPS and terminal safety regulations. Loading shall commence only after acceptance of nor, completion of all port, customs and terminal formalities, vessel
clearance, tank inspection and ship/shore safety checklist. Delivery shall be deemed completed on FOB basis when the product passes the vessel’s permanent hose connection / ship’s manifold, unless otherwise agreed. Buyer shall bear all vessel, freight, insurance, port, demurrage and post-FOB risks and costs.
8. Optional eAD custom clearance EU, EU transit internal customs transit, the buyer doesn’t pay any VAT and customs TAX.
9. After charging the buyer nominted vessel, the buyer pays MT103/TT.
10. After receiving 100% full payment, the seller transfers ownership title to the buyer (Telex release procedure)
11. The seller delivers /charges the next shipment as per the SPA terms and conditions.
This is the only current active S.C.O. and has been exclusively offered to you, and we need the ICPO in 5 days to keep it for you. It’s important that the ICPO includes the above procedure. This takes precedence over any other currently in circulation for this commodity.
Validity time of offers included in an S.C.O. shall be 5 days from the date of issue. Buyer understands the content of the offer and accepts it, but according to the indicated party, upon purchasing the following procedure, the proposed trade conditions will be shown at S.P.A.
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Declaration
We, the undersigned Buyer, hereby confirm full acceptance of the stated procedures and agreed price and affirm our readiness and commitment to proceed accordingly by issuing an Irrevocable Corporate Purchase Order (ICPO) with POF or an MT705 Pre-Advice for an RDLC, followed by the issuance of a Documentary Letter of Credit (DLC) from a Top 25 international bank in strict compliance with the agreed terms.
Buyer Company:……………..
CEO: …………….
If you accept the procedure and price, please confirm which procedure is suitable for you. Then, kindly send your CIS and company profile to our email, and we will provide you with the ICPO draft.
GUBS OIL
Attn: Sales Manager
info@gubsoil.com
More information: +31-61-666-1606 Dr. Ryan
