Aviation Kerosene JP 54 DIP AND PAY TERM
JP54 FOB Novorossyisk for MAJOR
AVIATION KEROSENE COLONIAL GRADE 54 JET FUEL
RUSSIAN
1,000,000 BBL in Storage tank available immediately
3,000,000 BBL liftable within 2 weeks
FOB Novorossyisk
Rotterdam Platt minus $2/$3 USD
Procedures
DIP AND PAY TERM & TRANSACTION
PROCEDURES FOB NOVOROSSIYSK
1. Seller issues MOU with Commercial Invoice to Buyer, Buyer
Signs and returns to Seller for final endorsement.
2. Buyer provide for Seller, Buyer’s vessel information, port
clearance and details or TSA/TSR
3. Seller issues DTA-Dip Test Authorization, Tank Receipt,
Indigenous Analysis Report or SGS Report of the product.
4. Seller issues Contract with full Banking details, Buyer and
Seller sign and exchange Contracts.
5. After successful DTA, Buyer's Bank issues SBLY L/C, for the
overall term of the contract and SPOT, with one shipment value.
6. After complete loading within four hours, Buyer wire transfer
payment to Seller Bank via MT103.
Note: Then the contract may continue for the quantity set at Three
Million (3,000,000) barrels per month. Buyer will enter into a contract
under all of the same terms and conditions as the trial shipment and
specified in that Sales and Purchase Agreement. Purchase repeats under
the same terms and conditions listed above for each and every month.
As proof of acceptance and full agreement of every clause and the entire
context of this Memorandum of Understanding, both Parties sign it herein
below in their respective countries, in two hard copies, deemed one (1) copy to the
Seller and one (1) copy to the Buyer.
NO BROKER CHAIN. NO TIME WASTING!!!
Only legal representatives buyer or direct.
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