Ref: Max – Exx

Jet Fuel A1 

Origin: Kazakhstan

Quantity: Minimum: 1,000,000 Barrels per Month / Maximum: 5,000,000 Barrels per Month

FOB: ROTTERDAM

Price: Gross  Minus $ 10 USD per Barrels NWE Platt/ NET  Minus $9 USD per Barrels NWE Platt

TANK TO TANK PRUCEDEUR

1) The buyer issues an ICPO containing the seller’s method of operation and bank details, together with the buyer’s nominated TSA and company registration certificate.

2) The seller issues a commercial invoice for the product in the tanks at the port, the buyer signs the commercial invoice and returns it together with a letter of acceptance.

3) Seller issues an appointment for the seller’s representative to submit a new SGS report to the buyer and buyer’s logistics within 24 hours for proper verification at the buyer’s tank terminal; the buyer issues a TSR in the seller’s name to allow immediate injection; upon successful SGS verification, seller inspects buyer’s tank for injection.

4) Upon confirmation of the successful verification of the SGS report by the Buyer’s company and the Buyer’s tank farm, the Seller shall

a. INJECTION PERMISSION AGREEMENT, signed by Buyer and Buyer’s tank farm

b. Authorisation for sale and collection

c. Obligation to deliver

d. Declaration of availability of the product

5) Upon receipt of the signed RELEASE AGREEMENT, Seller shall issue to Buyer

a. a fresh SGS certificate issued less than 24 hours in the Buyer’s company name

b. Q&Q report. And injection report.

c. Authorisation to physically inspect the product in the seller’s tank (ATV)

d. Tank Storage Receipt TSR

6) The buyer performs a dip test for the product in the seller’s tank and pays the total value of the product via MT103-TT to enable the injection process into the designated tank

7) The seller pays all intermediaries involved in the transaction, and then monthly deliveries are made in accordance with the terms of the purchase agreement between the buyer and seller.