EN590 10PPM || VOPAK TO VOPAK NWE PLATTS NET MINUS -$60 PER MT || FOB ROTTERDAM || | Light Crude Oil Sellers | MAZUT.org 

EN590 10PPM || VOPAK TO VOPAK NWE PLATTS NET MINUS -$60 PER MT || FOB ROTTERDAM ||



Light Crude Oil Sellers Published date: December 2, 2024



COMMODITY DETAILS:

PRODUCT: EN590 10PPM:

LOADING PORT & EN590 ORIGIN: ROTTERDAM, NETHERLANDS

FOB SELLING PRICE: NWE PLATTS NET MINUS -$60 PER MT

QUANTITIES: 100,000 MT FIRST LIFT, FOLLOWED BY CONTRACT 100,000 MT EVERY WEEK (52 WEEKS ANNUALLY) X FIVE YEARS (60 MONTHS), WITH ROLLS & EXTENSIONS. VOPAK (SELLER) WANTS THIS (TO BE) A HUGE, ONE-TIME, VERY LONG CONTRACT.

DELIVERY PORT: FUEL STORAGE VOPAK, ROTTERDAM

PAYMENT TERMS: SWIFT MT103

TRANSACTION PROCEDURES (VOPAK TO VOPAK) FOB ROTTERDAM

NOTE: Buyer may use same procedures for VTTI to VTTI FOB ROTTERDAM.

1. Buyer issues ICPO addressed to the Seller for verification and approval.

2. Seller issues Commercial Invoice. The Buyer signs and returns the CI within 24 hours.

3. Seller issues Authorization to the Buyer for buyer Vopak Terminal Manager to
communicate with seller Vopak Terminal Manager to verify the existence of
the products. This is to allow the buyer to verify fuel is real.

4. After confirmation from the Buyers Vopak Terminal Manager, the Buyer Vopak
Terminal Manager submits the below documents to the Sellers Vopak Terminal
Manager.
• Vopak Terminal Agreement or Vopak Reference Code.
• Vopak Barcode.

5. Buyer finalizes the Vopak Terminal Protocols.

6. Seller issues full POP documents to the Buyer Vopak terminal manager and injection
begins.

7. Upon completing the Injection, the Buyer makes full payment via MT103 TT, and the Seller transfers the title to the buyer.

8. The seller pays commission to ALL intermediaries (buyer side and seller side) until the Contract is complete, along with all rolls and extensions.

  • Company Name: STRICKLAND ASSOCIATES, LLC
  • Country: USA




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