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I need jetfuel offer ACCORDING TO LOI Procedures

  • USA USA  
  • Last Updated:
    Posted on: 12 Jun 2021

  • Buying Frequency: Other
  • Payment Terms: Other

RFQ Details

Description of product: JP54 & JETA1
CIF or FOB: Requires a fresh SGS and DTA issued by the Title Holder once we sign the CI.
Spot Trial Quantity: 1M
Contract Quantity: 1M bbl. and up monthly on 12-month contract with rolls and extensions
Delivery Ports: Houston & Rotterdam

Before proceeding, we need to verify your refinery documents. I need Proof of registration and company profile (CP) first. Then we can do a whatsapp meeting.

I NEED THE FOLLOWING LOI PROCEDURES BELOW; NO EXCEPTIONS!

FIRST TRANSACTION SALES TERMS & OPERATIONAL PROCEDURE FOB PORT OF Rotterdam:
1. Buyer issues CP and LOI/ICPO
2. Seller then issues CI
3. Buyer signs and returns CI
4. Seller issues (below) POP documents to the BUYER
a. TSR (Tank Storage Receipt)
b. Injection Report
c. Unconditional Dip-Test Authorization Letter of Acknowledgement and Readiness Dip Test Inspection Schedule
d. ATV
5. Buyer Dip-test in Seller tank with SGS official and Receive Fresh SGS Report Not less than 24 hours alongside ASTC (Authorization to Sell and Collect) the Product
6. Within 72 Hours, Buyer provide TSR or Vessel storage for Injection of product into the Buyers hired Tanks or vessel
November 2020
7. Upon successful injection, Buyer pay total cost of product MT103
8. Seller confirms Buyer payment and both partiesâ releases payment to all intermediaries on each side involved in the transactions
9. Contract Begins with Rolls and Extension

Once we have successfully completed a spot trial with our procedures we can then follow sellers procedures and contract. Please donât hesitate to contact us should you have any questions regarding this or for any other matter you would like to discuss. Please donât hesitate to contact us should you have any questions regarding this or for any other matter you would like to discuss.
Thank you.