MAZUT Sellers Published date: April 17, 2026

Minimum Monthly Monthly Quantity: 50,000 Metric Tons

Maximum Monthly Quantity: 1,000,000 Metric Tons

Price per MT: FOB $320 Gross / $310 Net. CIF $330 Gross / $320 Net.

Commission: $5 Seller Side / $5 Buyer Side

CIF TRANSACTION PROCEDURE
1. Buyer issues Purchase Order upon receipt in acceptance of seller's Soft Offer.
2. Seller issues Draft Sales and Purchase Agreement Contract for buyer's review
and signing.
3. Seller send’s partial POP to Buyer via email:
(a) Statement of Availability of Product
(b) Commitment to Supply
(c) Product Passport
(d) Certificate of Origin


CIF TRANSACTION PROCEDURE (Alt):
1. BUYER ISSUES ICPO WITH LETTER OF ACCEPTANCE TO SELLER UPON RECEIPT OF SOFT CORPORATE OFFER AND PRODUCE LETTER OF ACCEPTANCE PAYMENT ON ALLOCATION OF MINISTRY OF ENERGY
2. SELLER ISSUES SALES PURCHASE AGREEMENT, (SPA) AND OPEN FOR
AMENDMENT, BUYER SIGNS AND RETURNS BACK THE SIGNED SPA TO SELLER WITH THE OFFICIAL ACCEPTANCE LETTER OF $90,000 USD FOR THE PAYMENT OF ALLOCATION PROCUREMENT FEE.
3. THE SELLER ISSUES PAYMENT INVOICE UNDER FIDUCIARY COMPANY FOR THE ALLOCATION PROCUREMENT WITH LETTER OF AUTHORIZATION TO BUYER REMITTING THE PAYMENT UNDER FIDUCIARY ACCOUNT (BANKING PURPOSE). UPON EXECUTED BY THE BUYER AND CONFIRMATION OF THE PAYMENT THE SELLER ISSUE THE FOLLOWING PPOP DOCUMENTS. SELLER ISSUE LETTER OF AUTHORIZATION TO BUYER REMITTING THE PAYMENT UNDER FIDUCIARY ACCOUNT (BANKING PURPOSE). SELLER ISSUE LETTER OF COMMITMENT DELIVERY AND GUARANTEE OF THE PRODUCT TO BUYER
A. SELLER IRREVOCABLE COMMITMENT TO SUPPLY
B. STATEMENT OF AVAILABILITY OF PRODUCT
C. CERTIFICATE OF ORIGIN
D. COMMERCIAL INVOICE FOR THE FIRST VALUE SHIPMENT


FOB TANK TO VESSEL TRANSACTION PROCEDURES:
1. Buyer issues ICPO, company Registration certificate, and data page of
buyer’s passport
2. Seller issues Commercial Invoice (CI) for buyer’s endorsement, alongside with
passport product (Quality Certificate)
3. Buyer signs and returns the CI to Seller


FOB TANK TO TANK TRANSACTION PROCEDURES:
1) Buyer issues ICPO alongside with their signed TSA.
2) Seller issues Commercial Invoice (CI) For Buyer to sign and return, while seller verifies buyer’s TANK FARM.
3) Upon successful verification of Buyer’s TANK FARM the Refinery makes 3 days
tank lease payment to the buyer tank farm for the Injection Process, while Buyer
pays his TANK FARM Company for 2 days tank storage costs making a complete
5 days storage payment (totaling) 5days TSR.


TTO TRANSACTION PROCEDURES:
1. Buyer issues Purchase Order upon receipt and acceptance of seller's Soft Offer.
2. Seller issues Draft Sales and Purchase Agreement Contract with Commercial
Invoice for buyer's review and signing.
3. Seller issues the Proof of Product documents in buyer company's name as
a. MASTER'S RECEIPT FOR DOCUMENTS FOR RECEIVER & OWN USE
b. BILL OF LADING
c. QUALITY CERTIFICATE (ENDORSED BY LOADING PORT SURVEYOR)
d. CERTIFICATE OF QUANTITY (ENDORSED BY LOADING PORT SURVEYOR)
e. TIME SHEET/STATEMENT OF FACTS
f. MASTER'S RECEIPT OF SAMPLES
g. ULLAGE REPORT
h. SHIP'S TANK DRY/CLEANLINESS CERTIFICATE
i. FREIGHT/CARGO MANIFEST
j. NOTICE OF READINESS
k. CERTIFICATE OF ORIGIN
l. PRODUCT QUALITY PASSPORT (ANALYSIS TEST REPORT)
m. COMMITMENT LETTER TO SUPPLY THE PRODUCT
n. 5% GUARANTEE INVOICE
o. FIDUCIARY AGENT AUTHORIZATION LETTER


REFERENCE NO: WED/15/APR/26/SA94539/0857

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

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