Jet Fuel FOB / CIF Procedure
Aviation Jet A1 Fuel CIF/FOB Procedure
| Attribute | Details |
|---|---|
| Product | AVIATION JET A1 |
| Origin | Kazakhstan |
| Intercoms | CIF or FOB TTT |
| Minimum Order Quantity (MOQ) | 1,000,000 BBL |
| Maximum Quantity | 1,000,000 Barrels x 12 months |
| Delivery | FOB |
| Price | $79 GROSS / $75 NET |
| Commission | $2 seller side, $2 buyer side |
| Terms of Trade | FOB Tank to Tank |
| Port | Rotterdam |
Aviation Jet A1 Fuel CIF/FOB Procedure | Petroleum Supplier in Fujairah, Jurong, Rotterdam, Houston
1. The Buyer Issue an ICPO, containing the seller’s work procedures and Buyers Banking details, along with TSA (TANK STORAGE AGREEMENT), Buyer Certificate of Incorporation, Company Profile (CP) and International Passport Copy.
2. Seller issues ICC Warning Letter and Commercial Invoice of products in tank at port. Buyer signs and returns commercial invoice with acceptance letter stating to adhere to Seller procedure.
3. The Seller shall exclusively send the 48-hour SGS report to the Buyer’s Tank Farm Company solely for the purpose of verifying the quality and quantity of the product with the SGS office.
4. After confirmation of successful verification of SGS Report only by Buyers Tank Farm Company, the buyer extends seller’s tank farm for at least 3 days to enable dip test.
5. After successful dip test Seller issues to buyer
- Commitment to Supply.
- Notice of Readiness with tank farm details.
- Tank to tank injection agreement (TTTIA) to be endorsed by both seller and buyer’s tank farm
- Product Certificate of Origin
- Product injection report at shore tank
- Q&A
- Authorization to sell and collect
- Fresh SGS report for quality and quantity at shore tank not older than 48 hours
6. Seller completes the injection into Buyers tanks, Buyer makes payment for the total value of the product injected into the tank via MT103 / TT: Seller sends payment to all intermediaries involved in the transaction 24 hours after receiving confirmation of Buyer Payment as per signed & sealed NCNDA/IMFPA which is notarized by Public Notary in Kazakhstan and Authorized by Sellers Bank and then monthly remittance is continued as per terms and terms of the contract of sale and purchase agreement between the buyer and seller. product by MT103 or TT Upon confirmation of buyer payment injection commence Immediately