Purchase request and procedure
Product
- Product:
- Jet A1
- Quantity:
- 2 Mio. barrels Trial
4 Mio barrels / Monat
x 12 months + R&E - Delivery Method & Port:
- FOB, Tank To Tank, Tank To Vessel, D&P
Rotterdam - Origin:
- international
- Price:
- Platts formula price or fixed price by agreement
Preferred FOB-Prozedur
FOB Standard Procedure - Tank To Tank
1. The buyer accepts the seller's procedure. He issues an ICPO with his bank details to the seller. The buyer also provides the seller with a copy of his passport, the certificate of incorporation of the buyer company and the tank storage agreement (TSA) for verification.2. The seller issues the commercial invoice (CI). The buyer signs and returns the commercial invoice.
3. SELLER provide buyer with the below listed POP:
(a) Tank Storage Receipt (TSR) with Barcode and GPS coordinate;
(b) SGS Report (< 48 hours);
(c) Authorization To Sell & Collect (ATSC);
(d) Unconditional Dip Test Autorization (UDTA) for buyer to dip test in seller`s tank;
(e) Authorization To Verify the product physically in the seller's tank (ATV);
(f) Commitment to Supply;
(g) Certificate of origin;
(h) Injection Report.
4. The buyer checks the POP documents and issues a current POF addressed to the seller after successful verification.
5. The buyer then carries out an immersion test in the seller's tank at his own expense.
6. Upon successful dip test, Buyer makes payment by MT 103 or TT wire transfer for the total product available within 24 hours. The seller transfers ownership of the product to the buyer.
7. The buyer hands over his Tank Storage Receipt (TSR) to the seller so that the seller can proceed with the injection of the product into the buyer's tank. At the same time, the seller pays all intermediaries involved in the transaction (as per NCNDA) within 24 hours of confirmation of payment by the buyer.
8. The Seller issues a Supply Agreement (SPA) with R&E to the Buyer, which is to be reviewed and confirmed by the Buyer.
FOB Standard Procedure - Tank To Vessel
1. The buyer accepts the seller's procedure. He issues an ICPO with his bank details to the seller. The buyer also provides the seller with a copy of his passport, the certificate of incorporation of the buyer company and the Charter Party Agreement (CPA) for verification.2. Seller issues commercial invoice (CI). The buyer signs the CI and returns it together with the open.
3. TSELLER provide buyer with the below listed POP:
(a) Tank Storage Receipt (TSR) with Barcode and GPS coordinate;
(b) SGS Report (< 48 hours);
(c) Authorization To Sell & Collect (ATSC);
(d) Unconditional Dip Test Autorization (UDTA) for buyer to dip test in seller`s tank;
(e) Authorization To Verify the product physically in the seller's tank (ATV);
(f) Commitment to Supply;
(g) Certificate of origin;
(h) Injection Report
4. The buyer checks the POP documents and issues a current POF addressed to the seller.
5. The buyer then carries out an immersion test in the seller's tank at his own expense.
6. Upon successful dip test, Buyer makes payment by MT 103 or TT wire transfer for the total product available within 24 hours. The seller transfers ownership of the product to the buyer.
7. The buyer hands over the Notice Of Readiness (NOR) of his shipping company to the seller so that the seller can carry out the injection of the product into the buyer's vessel. At the same time, the seller pays all intermediaries involved in the transaction (in accordance with NCNDA) within 24 hours of confirmation of payment by the buyer.
8. The Seller issues a Supply Agreement (SPA) with R&E to the Buyer, which is to be reviewed and confirmed by the Buyer.
Weitere Verfahrensweise
If the seller/refinery accepts the above procedures, we ask for corresponding offers (SCO/FCO). After that, everything follows the above procedure.
The above procedure is not a dogma. The buyer is open to negotiable procedures.