Petroleum Zones

Petroleum Zones

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OIL PRODUCTS

(Immediate Availability)

JET FUEL A1: 2M BBLS

  • Location: FOB Houston, Texas (USA)
  • Commodity: A1 JET Fuel
  • Total Quantity: 2,000,000 BBLS x 12 Consecutive Months w/ R&E
  • Delivery Terms: FOB Houston, Texas (USA) Tank to Tank
  • Contract Terms: 2,000,000 BBLS x 12 Months
  • Price: Houston: Gulf Coast Platts - $6.00 USD per BBL Gross/ Gulf Coast Platts - $5.00 USD per BBL Net
  • Payment Terms: MT - 103
  • Inspection: SGS Inspection, DH Cargo, Intertek Spot

HOUSTON - ROTTERDAM

STANDARD BANKING PROCEDURE

(FOB Houston for A1)
JET FUEL A1: Houston - Rotterdam

(Ready for Pick Up)

  • Buyer issues ICPO, Company Registration Certificate and TSA.
  • Seller issues Proforma Commercial Invoice, Buyer signs and return commercial invoice along with an acceptance letter of commitment to execute transaction.
  • Seller sends the Proforma Commercial Invoice for the tank extensions of pre-approved tanks and Tank Farm from Refinery to be paid by Buyer. Seller issues to Buyer the below Partial POP Documents:
  • - Statement of Product Availability
  • - Unconditional Commitment to Supply.
  • - Verification of product availability at Tank Farm in Houston, Texas.
  • - Inspection Approval Letter signed by Tank farm, Refinery, and validated by Port Authority. (Sent after the extension tanks are paid)
  • Upon confirmation of the above documents by Buyer, Seller issues to the Buyer the below Full POP Documents:
  • -Injection Schedule.
  • -Act of Transfer / Change of Ownership Documents.
  • -Authority to Sell and Collect (ATSC)
  • -Freshly Updated SGS Report (72 Hours).
  • -Injection / Q&Q Report.
  • -Authority to Verify (ATV) physical verification.
  • -Uncondoitional Dip Test Authorization (DTA).
  • NCNDA / IMFPA is signed by all intermediaries / agents / mandates involved. Upon successful dip test by Buyer, Buyer presents its TSR, and Seller injects product into Buyer's tank, and Buyer makes payment for the total value of product injected into the tanks by MT103/TT.
  • Seller pays all intermediaries / agents / mandates involved in the transaction, Upon satisfaction by Buyer, both Buyer and Seller sign contract for monthly delivery with rolls and extensions.
JET FUEL A1: Houston - Rotterdam

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