JP54 Sellers Published date: October 2, 2017 Modified date: October 8, 2017

We're a German Oil-Trading-company and we can supply JP54, D2 and D6 - FOB Rotterdam.

TERMS & OPERATIONAL PROCEDURE: FOB/CI, DIP & PAY

1. Buyer sends ICPO on receipt of Seller's Soft Offer along with Tank Storage Agreement (TSA) as proof of storage availability.

2. Seller issues commercial invoice/CI, for the available quantity in the storage tank to Buyer, Buyer Signs and returns to Seller with scan passport copy NCNDA/IMFPA signed by all buyer groups with commission structures.

3. Seller issues Dip Test Authorization letter sign by all parties including Buyer's Tank Farm.

4. Seller issues Complete DTA attached with fresh SGS Report and Tank receipt to Buyer, Buyer order SGS to conduct Dip Test of the product in the Seller's Tank on Buyer expenses.

5. Upon successful Dip Test, sellers inject the fuel into buyer lease Storage Tank and sellers submit the full injection report to the Buyer.

6. Buyer make 100% payment by MT103 TT wire transfer for the total product and Seller pays commission to all intermediaries involved in the transaction within 24 hours after confirmation of the buyer's payment.

7. Seller issues draft SPA to buyer to review for R&E monthly deliveries.

8. Buyer review and approves the SPA and issues SBLC/IRDLC irrevocable, nontransferable, auto revolving for 12 months shipment value, documentary letter of credit for length of contract and for each lift per schedule. Buyer pays after Dip Test by MT103 Wire Transfer on each monthly quantity.

9. The subsequent delivery shall commence according to the terms and conditions of the contract.

10. Seller pays commissions to all intermediaries as per IMFPA/NCNDA 24 hours after receiving payment from Buyer.

These above procedures has been approved by the refinery in Russia Federation and serve as a guideline for all transactions involving export of oil products from Russia Federation on FOB basis..

NOTE: The above procedures must be accepted and Incorporated on the ICPO word for word.

Our email: BemgaGermany@aol.com

Published: 02.10.2017

• Company Name: Bemga Germany- Annette Griehl
• Country: Germany

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