Jet Fuel A1 FOB TTV/TTT
JET FUEL A1 AVIATION TURBINE KEROSENE
| Attribute | Details |
|---|---|
| Product | JET FUEL A1 AVIATION TURBINE KEROSENE |
| Origin | Kazakhstan |
| Spot Shipment Quantity | 1,000,000 BARRELS |
| Minimum Quantity | 500,000 BBLS |
| Delivery Terms | FOB / SPOT (Before Contract) |
| Loading Port | JURONG / ROTTERDAM / FUJAIRAH |
| Price | FOB GROSS USD $89 / USD $87 NET |
| Commission | $2, 50% Seller Side / 50% Buyer Side |
| Terms of Trade | FOB TTV or TTT |
Procedure Tank to Vessel (TTV)
1.Buyer issues ICPO containing the sellers procedure with banking details and scanned copy of buyers passport along with Charter Party Agreement (CPA) from buyer’s Logistic Company.
2.Seller issues Commercial Invoice (CI) according to the requested quantity, for Buyers review to sign and return within 3 international working days.
3.Seller issues to buyer Tank-To-Vessel Injection Agreement (TTVIA) to be endorsed by both Seller and Buyer Shipping Company. (At buyers cost).
4.Seller issues injection schedule and seal injection schedule from company and Seller commences injection of the product.
5. Upon return of endorsed TTVIA, seller releases to buyer the following
- Certificate of origin,
- Product Passport,
- Commitment to supply,
- Certificate of incorporation,
- Injection Report.
6. Buyer engages SGS to conduct FRESH DIP TEST on the products in Sellers tanks at Buyer’s expense.Upon successful completion, seller issues NCNDA/IMFPA to all intermediaries for commission protection.
7. Upon successful DIP TEST in Seller’s tank, Seller requests for buyers shipping ATI to injects the product into Buyer’s vessel to send report of injected products. Buyer makes immediate payment for the total products available by MT103.
8. Seller issues to buyer title of ownership certificate and all related export documentation, Seller and buyer sign monthly contract, and buyer provides the banking instrument for contract.
9. Seller pays Commission to all intermediaries involved in this transaction as per signed and sealed NCNDA & IMFPA.