Aviation Fuel -

RFQ Description

COMMODITY: Aviation Fuel JET A1TRIAL ORDER: 6 000 000 BBLMONTHLY: 6 000 000BBL X 11 MONTHSTOTAL QUANTITY: 72 000 000 BBLThe preferred procedure for the buyer is as follows:1. After Seller and Buyer sign the Sale/Purchase Contract, lodgingContract with Seller’s and Buyer’s Banks, Seller issues:- Pro-Forma Invoice- Quantity & Quality report (SGS or similar agency, or refinery report) for the liftable quantity of the product- Sellers’ Authorization for Sale and Title Copy- Tank Storage Receipt.- Certificate of Origin- Injection Report showing the fuel transfer into the Seller Leased tank- Notice of Readiness to Commence Injection of the Product into Buyer’s Vessel2. Buyer issues Irrevocable Non-Transferable Non-Divisible Documentary Letter of Credit (DLC) as per agreed verbiage, provides passport of the person who will make a DIP/TEST, Vessels Document (Q88), sends his vessel to the Seller’s port, instructs the vessel captain or shipping company to issue NOR/ETA to Seller and harbormaster/POD3. Seller issues 2% (two percent of the DLC face value) Performance Bond (PB), which will activate DLC.4. Upon vessel’s arrival at the loading port Seller loads Buyer’s vessel.Buyer shall appoint the SGS/Saybolt Independent Surveyor to conduct Q&Q during the loading of the Buyer’s vessel, Seller provides DIP TEST Authorization. SGS Inspector makes the Q&Q test and sends the Q&Q report to both Buyer and Seller.5. Seller issues Commercial Invoice, based on the result of the Q&Q report, sends it to Buyer via Corporate Email and provides THE COMPLETED SHIPMENT DOCUMENTS to the Buyer/Buyer’s banks.6. THE BUYERS BANK AFTER RECEIPT OF THE COMPLETED SHIPMENT DOCUMENTS MAKES WITHIN TWO (2) BANKING DAYS PAYMENT TO THE SELLER’S BANK7. Seller immediately transfers Title and gives all exportation documents bank to bank8. PARTIES agree to the transaction DELIVERY SCHEDULE. jet fuel a1 commodities