OFFER OF JP54 AT ROTTERDAM
Type of Commodity Grade: “54” JP54 / GOST 10227-86)
Origin Russia Federation
First Lift 2,000,000 Barrel weight 138,888.9 t
Monthly Lift 5,000,000 Barrel weight 347,222.3 t
Term Incoterm 2010 FOB Loading Port Rotterdam tank storage
Price per Barrel Fix Gross 48 USD per Barrel & Net 44 USD per Barrel
Price per Platts: -10/8
Commission 2 USD Per Barrel ( 1 USD Seller site closed) (1 USD Buyer site open)
Transaction Procedures:
1-Buyer approve this procedure and issue CP for seller to issue FCO which buyer sign and send back with ICPO to seller.
Type of Commodity Grade: “54” JP54 / GOST 10227-86)
Origin Russia Federation
First Lift 2,000,000 Barrel weight 138,888.9 t
Monthly Lift 5,000,000 Barrel weight 347,222.3 t
Term Incoterm 2010 FOB Loading Port Rotterdam tank storage
Price per Barrel Fix Gross 48 USD per Barrel & Net 44 USD per Barrel
Price per Platts: -10/8
Commission 2 USD Per Barrel ( 1 USD Seller site closed) (1 USD Buyer site open)
Transaction Procedures:
1-Buyer approve this procedure and issue CP for seller to issue FCO which buyer sign and send back with ICPO to seller.
2-Seller issues Commercial Invoice with tank receipt number and tank number of the product in Seller tanks in port of Rotterdam, Buyer signs and returns back Commercial Invoice with Tank Storage Agreement (TSA) from his Tank Company to Seller.
3-Seller sends to Buyer
1. Commitment Letter to Supply,
2. Injection Report (IR)
3. Authorization to Verify (ATV)
4. 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-After Buyer receive the PPOP , buyer verify the product in sellers Tank and there after issue buyers own TSR or get sellers tank lease extended .
5 Seller issues 1 % guarantee fee to Buyer in event that Seller fails to perform along with the following POP document.
3-Seller sends to Buyer
1. Commitment Letter to Supply,
2. Injection Report (IR)
3. Authorization to Verify (ATV)
4. 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-After Buyer receive the PPOP , buyer verify the product in sellers Tank and there after issue buyers own TSR or get sellers tank lease extended .
5 Seller issues 1 % guarantee fee to Buyer in event that Seller fails to perform along with the following POP document.
5. Endorsed NCNDA/IMFPA
6. Authorization to Sell
7. Dip test authorization
6-Upon successful Dip Test in Seller’s Tanks, product will immediately be injected into Buyer Tanks or Buyer takes over Seller Tanks and Buyer makes Payment for the product via MT103.
7-Seller transfers Title Ownership to Buyer and pays commission to all intermediaries in the Transaction and proceeds with the signing of yearly contract with the Buyer.
6. Authorization to Sell
7. Dip test authorization
6-Upon successful Dip Test in Seller’s Tanks, product will immediately be injected into Buyer Tanks or Buyer takes over Seller Tanks and Buyer makes Payment for the product via MT103.
7-Seller transfers Title Ownership to Buyer and pays commission to all intermediaries in the Transaction and proceeds with the signing of yearly contract with the Buyer.
