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JP 54 in Rotterdam

  • Ukraine Ukraine  
  • Quantity Required: 1000000 Barrel
  • Last Updated:
    Posted on: 15 Feb 2021

  • Time Left: 9M 1D
  • Buying Frequency: Monthly
  • Payment Terms: Other

RFQ Details

Hello we have serious buyer in Rotterdam
Buyer's requirements:10% discount platts Rotterdam price
PROCEDURE :

1. Buyer accepts the Seller's working Procedure (these same ones) and issues his ICPO addressed to the Seller.

2. Seller issues his Proforma Invoice to the Buyer.

3. Buyer signs and returns (back to the Seller) the Proforma Invoice together with his Tank Storage Agreement /TSA

4. Seller sends to the Buyer the below listed PPOP Documents :

A. Authorization to Verify (ATV)

B. Comprehensive Letter of Confirmation of Buyer TSA

C. Irrevocable Commitment Letter to Supply

D. Tank Storage Receipt (TSR)

E. Product Passport (Product Analysis Report)

5. Seller sends to the Buyer a SGS-Report (Fresh) + Injection Report + Unconditional DTA.

6. Buyer will immediately confirm /verify (directly with the "SGS Company" Office in Rotterdam) the authenticity of that same "Fresh SGS- Report" (that was sent by the Seller in Point #5, above).

7. If that confirmation /verification process (by the Buyer) is successful, the Seller should start the Injection Process into the Buyer's Tanks

8. After the Injection Process is finished the Seller has to send, to the Buyer, a Copy of the Injection Report into the Buyer's Tank together with a Final Commercial Invoice (according to the actual quantity of Gallons that was reflected on that same Injection Report)

9. The buyer makes payment (to the Seller's bank) for the total value of the product injected into Buyer's Tanks (via SWIFT / MT103) according to the Final Commercial Invoice (that the Seller sent on Point #8, above)

10. Seller transfers Title of Ownership (to Buyer's Company Name) and sends it (to the Buyer) together with all the other Export-Documents

11. At this point the Buyer will pay Commission to the Buyer's Side Intermediaries and the Seller will pay Commission to the Seller's Side Intermediaries
Send your SCO to