Light Crude Oil Sellers Published date: February 3, 2025

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EN 590:

Minimum Monthly Quantity: 50,000 MT x 12 months
Maximum Monthly Quantity: 5,000,000+ MT x 12 months
SPOT & Annual Contract of Delivery: CIF
Price: USD $450.00 Gross / USD $440.00 Net

Minimum Monthly Quantity: 50,000 MT x 12 months
Maximum Monthly Quantity: 5,000,000+ MT x 12 months
SPOT & Annual Contract of Delivery: FOB
Price: USD $440.00 Gross / USD $430.00 Net

1. The Buyers issue an ICPO with full banking details & company profile.

2. The Seller issues the Commercial Invoice (CI) to the buyer.

3. The Buyer signs/seals and returns the Commercial Invoice (CI) with a Letter of Acceptance to the seller within 24 hrs.

4. The Buyer provides the seller with TSA from a RELIABLE and VERIFIED tank farm for seller verification and approval.

5. The Buyer pays 3 days, and the seller pays 2 days simultaneously to complete 5 days to the buyer’s tank farm and send TSR to the seller with authorization to verify (ATV).

6. The Seller issues the below PPOP documents to the buyer (as mentioned via email).
A) Fresh SGS report (Quality and Quantity) (24 - 72 hours Fresh).
B) Tank Storage Receipt (TSR) with GPS coordinates of tank location.
C) Injection Report (Rotterdam).
D) Authorization to Sell and Collect (ATSC).
E) Authorization to verify the product in Seller's tank (ATV).
F) Product Passport.
G) Unconditional Dip Test Authority (UDTA).

7. Seller commences with the injection of the first-month shipment quantity from the refinery storage reservation through the pipeline into a storage tank in the loading port or tank to tank. NB: IF THE INJECTION PROCESS EXCEEDS 5 DAYS, THE BUYER SHALL COMPLETE THE OUTSTANDING DAYS TO ENABLE THE CONCLUSION OF THE INJECTION; THIS USUALLY DEPENDS ON THE TANK LOCATION.

8. Upon the completion of the injection, the seller issues DTA to the buyer, and the buyer inspects with the SGS agent.

9. After the buyer successfully does the Q&Q dip test on the product, the buyer pays for the total value of the product injected into the tank via MT103 or TT wire transfer.

10. Upon the seller receiving the full product payment from the buyer, the seller issues (to the buyer) the title ownership of the product and exports documents.

11. Seller pays all intermediaries involved in the transaction and sends the Sales and Purchase Agreement (SPA) to buyer for one year; subsequently, monthly shipment continues as per the Terms and conditions of the sales and purchase agreement contract between buyer and seller.

"Redacted" SCO sent by request.

Received SCO: 28/JAN/25/1334/AS

COPY AND PASTE THE DOCSEND LINK BELOW INTO YOUR BROWSER TO "VIEW" THE SELLER'S FULL SCO.

https://docsend.com/view/6jbqxdhj89uh4zry

• Company Name: Strickland Associates, LLC
• Country: USA

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