FOB delivery ports: Rotterdam, Fujairah, Jurong
\nOrigin of products: Kazakhstan. Supplier: direct Kazakhstan Refinery<\/p>\n
ULSD 10 ppm EN590\t\tmonthly quantities: 20,000 to 300,000 MT
\nJet A1 \t\t\t\tmonthly quantities: 500,000 to 3,000,000 Bbls
\nLight Cycle Oil\t\t\tmonthly quantities: 20,000 to 300,000 MT<\/p>\n
1.\tOnce Buyer\u2019s agreement with this current Transaction Procedure is confirmed, a preliminary NCNDA is established and Buyer issues ICPO containing the Seller’s working procedure, CIS or detailed Corporate Profile and TSA or equivalent, for the Seller\u2019s approval.<\/p>\n
2.\tSeller issues Commercial Invoice (CI) and ICC WARNING LETTER, for the available quantity in the storage tank(s) in Rotterdam, Fujairah or Jurong port terminal.<\/p>\n
3.\tBuyer signs and then returns the Commercial Invoice with NCNDA\/IMFPA signed by all Buyer Groups with commissions structures.<\/p>\n
4.\tSeller issues a 3 days unconditional dip test authorization (DTA) to be endorsed by Seller Company, Buyer Company and Buyer\u2019s logistic company. Upon confirmation of the signed DTA by both parties, Seller programs the injection and then issues to Buyer the following documents:
\na. FRESH SGS REPORT, INSPECTED IN ROTTERDAM\/ FUJAIRAH\/ JURONG PORT TERMINAL;
\nb. TANK STORAGE RECEIPT (TSR) WITH GPS COORDINATES;
\nc.(ATV) AUTHORIZATION TO VERIFY;
\nd. INJECTION REPORT to SHORE TANKs ROTTERDAM\/ FUJAIRAH JURONG PORT TERMINAL;
\ne. CERTIFICATE OF ORIGIN;
\nf. AUTHORIZATION TO SELL (ATSC).<\/p>\n
5.\tBuyer upon physical verification of the product and PPOP confirmation orders SGS to conduct dip test in the Seller\u2019s Storage Tank(s) at the Buyer\u2019s expense.<\/p>\n
6.\tUpon successful dip test, Buyer presents the Tank Storage Receipt (TSR).<\/p>\n
7.\tSeller commences injection immediately into Buyer\u2019s tank(s) and issues to Buyer the Title of Ownership certificate to be followed by all export documentation.<\/p>\n
8.\tBuyer makes payment by MT103 or TT wire transfer or GPI for the total product and lifts the product; Seller pays all intermediaries involved in the transaction. Monthly deliveries continue as Contractually agreed and commissions as per NCNDA\/IMFPA.<\/p>\n
—————————————– End of Transaction procedure——————————————————<\/p>\n
IMPORTANT NOTES:
\nSeller can deliver:
\n\u2022\t JET A1 at fixed prices currently equivalent to an average discount to Platts between 15% and 20%
\n\u2022\tULSD 10 ppm EN590 and Light Cycle Oil at fixed prices currently equivalent to an average discount to Platts between 20% and 30%.
\n\u2022\tFinal Price is provided to a confirmed Buyer and will depend on product, delivery port, quantity and specifications.
\n\u2022\tThe above transaction procedure wording is final and will not be changed.
\n\u2022\tThe standard template for the ICPO to be issued on the Buyer\u2019s letterhead is attached as Annex 1. Following a preliminary NCNDA, Vox will pre-fill and send the ICPO template to the Buyer side with the filled information pertaining to the specific transaction.
\n\u2022\tBuyer\u2019s tank storage agreement (TSA) or equivalent shall be established directly between Buyer and a reputable tank farm. Storage JVs will not be accepted.
\n\u2022\tOnce documentation mentioned in Paragraph 1 is provided and reviewed by Seller, a conference call may be established if required, between the End Buyer and the direct Seller. Intermediary parties can attend this call.
\n\u2022\tCommercial Invoice and subsequent Seller side documentation will be issued by the direct Seller.
\n\u2022\tBuyer\u2019s tank farm shall not be included in a blacklist (https:\/\/ferm-rotterdam.nl\/blacklist\/ or equivalent).
\n\u2022\tSeller will do only 12 months Contract (No spot deals).
\n\u2022\tConsultancy fees for Seller side and Buyer side intermediaries are included in the price paid by Buyer and are transferred by Seller to the intermediary parties.
\n\u2022\tSeller side of consultancy fees is closed and includes the Vox team and other seller side parties. Available consultancy fees are to $1 per barrel for Jet A1 and $5 per MT for EN590 or LCO, fully open for sharing among the buyer side intermediaries. <\/p>\n
ANNEX 1 (TEXT OF THE TRANSACTION PROCEDURE<\/em>)<\/p>","protected":false},"excerpt":{"rendered":" FOB delivery ports: Rotterdam, Fujairah, Jurong Origin of products: Kazakhstan. Supplier: direct Kazakhstan Refinery ULSD 10 ppm EN590 monthly quantities: 20,000 to 300,000 MT Jet A1 monthly quantities: 500,000 to …<\/p>","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"helpie_faq_category":[186],"helpie_faq_group":[],"class_list":["post-3731","helpie_faq","type-helpie_faq","status-publish","format-standard","hentry","helpie_faq_category-uncategorized-faq"],"yoast_head":"\n
\nICPO TEMPLATE
\nON BUYERS’ LETTERHEAD<\/strong>
\nDATE:
\nTO: (Seller Rep)
\nCC: ops@vox-oil.com – Seller representative\/Referring Broker
\nCC: xxxxxxx \u2013 Referring Broker
\nCC: xxxxxxx. \u2013 Referring Broker
\nFROM: (Buyer)
\nIrrevocable Corporate Purchase Order
\n(or Letter of Interest to Purchase)
\n(BUYER) is domiciled in (COUNTRY) operating in good standing with our Government. We confirm that
\n(BUYER COMPANY) are ready, willing and able to purchase the following commodities;
\n1. BUYER: xxxx
\n2. COMMODITY: xxxx
\n3. CARGO ORIGIN: (Any OR Non-sanctioned OR Specific country)
\n4. QUANTITY: xxxx MT\/Bbls trial shipment and xxxx MT\/Bbls per Month for 12 Months
\n5. TARGET PRICE: Equivalent to xx% discount to the applicable Platts
\n6. TOTAL BROKER FEES: $xxxx per Metric Ton\/Bbl, included in the price and agreed upon, accepted by Buyer
\n7. DELIVERY PORT: xxxx
\n8. RECEIVING TERMINAL: (Name of receiving tank farm at the delivery port)
\n9. SPECIFICATIONS: ATTACH Requested Specs Sheet
\n10. PAYMENT TERMS: Bank Wire After Delivery
\n11. TOP 100 BUYER\u2019S BANK: xxxx
\nBUYER\u2019S NAME\/COMPANY:
\nREPRESENTED BY\/POSITION:
\nADDRESS:
\nEMAIL ADDRESS, TELEPHONE:<\/p>\n