Fob - New Approved Sco
Fob - New Approved Sco
Fob - New Approved Sco
We The Seller (Herein Refer as Supplier), with full corporate and legal authority and responsibility and under penalty of perjury,
confirms availability of below listed PETROLEUM PRODUCT for immediate sales to capable buyers under the specified terms
and conditions below. All supply is guaranteed to meet the standard specifications and to pass the stringent requirements of SGS
or equivalent in compliance with ICC international regulations.
Jet -A1:
EN590:
QUANTITY: 200,000MT METRIC TONS LIFT ABLE, IN TANK AT ROTTERDAM PORT,
FOB ROTTERDAM PRICE PER MT: USD$ 540.00/USD$ 530 PER METRIC TON,
COMMISSION: $10 PER METRIC TON, BUYER & SELLER SIDE OPEN,
DIP TEST & INJECTION: 3-7 DAY MAXIMUM UPON SIGNING OF THE CI,
2. Seller Issues Commercial Invoice (CI): v Upon approval of buyer’s documents, the seller issues a commercial invoice
(CI) for the product lift able quantity to the buyer.
v The buyer within 24 hours of receive, signs the Commercial Invoice and returns it to the seller.
3. DTA Issuance: v Upon confirmation of the signed commercial invoice by the buyer, the seller issues the Dip Test
Authorization (DTA) to the buyer. v The buyer is required to sign and endorse the DTA alongside with his logistics
company for the dip test to be carried out immediately.
5. Buyer Inspection: v The buyer, at their own expense under the guidance of the seller, inspects the product using SGS or
SAYBOLT to confirm the quantity and quality.
6. Successful Dip Test and Payment: v Upon successful dip test in Tanks, the product is immediately injected into the
buyer's tanks or Vessel. v Seller transfer title to buyer and also hand over all original documents to buyer.
v The Buyer makes payment for the product via MT 103/TT wire transfer.
7. Product Lifting and Contract Signing: v The buyer lifts the product, and all intermediaries are paid.
v The seller and buyer discuss and sign further contracts after a successful transaction.