Petroleum Trade Offer: FOB al Fujairah TTV and TTT Starting from 200,000 MT – Offer 24014-0267

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We are pleased to announce an exclusive petroleum trade opportunity with flexible options for buyers. This offer, available on a FOB al Fujairah basis, includes transactions under TTV (Tank-to-Vessel) and TTT (Tank-to-Tank) modalities, starting from 200,000 MT.

Buyers are required to select one of the two detailed procedures outlined below and must specify the chosen procedure along with the desired volume in their Letter of Intent (LOI).

Upon receiving the LOI, a conversation call will be arranged between the buyer and the official mandate of the refinery. Once both parties have positively concluded discussions, official documents will be exchanged to formally initiate the transaction.

For annual agreements, prices are currently estimated between USD 530 Net–540 Gross per MT, but we urge interested buyers to act promptly as these prices are subject to change.

Procedure 1: Refinery Working Procedures (FOB TTV)

1. Buyer Action:
   • Accepts seller’s procedure and issues ICPO containing:
     • Banking details
     • Company profile
     • Passport copy
   • Provides CPA/Q88 and BCL (from bank to bank) or RWA.
2. Seller Action:
   • Issues a draft Commercial Invoice (CI) and Draft Delivery Processing Schedule Table (DPST) to the buyer.
3. Buyer and Vessel Operator Action:
   • Endorse and approve CI and DPST, returning them to the seller.
   • The seller signs and provides the final CI.
4. Injection Programming:
   • Seller programs injection and issues:
     • Fresh SGS report (within 72 hours)
     • Injection report
     • Certificate of origin
     • Authorization to sell and collect (ATSC)
     • Tank Storage Receipt (TSR)
     • NCNDA/IMFPA
5. Verification:
   • Buyer verifies Proof of Product (POP) within 24-48 hours and may optionally conduct a dip-test via SGS at the buyer’s expense.
6. Injection and Payment:
   • Upon successful dip-test (if required), the buyer issues NOR (Injection Notice of Readiness).
   • Seller completes injection into buyer’s CPA-chartered vessel.
   • The buyer makes payment via MT103/TT.
7. Ownership Transfer:
   • The seller transfers the product title and export documents to the buyer.
8. Commission Payments:
   • Seller and buyer intermediaries are paid commissions within 72 hours of transaction completion.

Procedure 2: FOB Fujairah TTT & Vessel

1. ICPO Submission:
   • Buyer issues ICPO after reviewing the seller’s SCO Procedure.
2. Commercial Invoice:
   • The seller issues CI + ICCP, which the buyer signs and returns.
3. Tank Rental and Payment:
   • The seller rents the buyer’s tank for 2 days for injection.
   • The buyer pays for 3 additional days of tank storage after confirmation.
4. POP Documents:
   • Seller provides:
     • Injection report
     • Tank storage receipt
     • Tank farm barcode information
     • Letter of commitment to supply
     • Registration certificate
     • Fresh SGS report (48 hours)
     • Unconditional DTA
     • Authorization to sell
5. Dip-Test and Payment:
   • Buyer conducts dip-test via SGS.
   • Payment is made via MT103/TT, and the product is lifted.
6. Ownership Transfer:
   • Seller transfers ownership as per buyer’s instructions.
7. Intermediary Commissions:
   • Seller and buyer intermediaries are paid commissions.
8. Subsequent Shipments:
   • Monthly shipments continue per the agreed terms in the SPA.
9. Compliance:
   • Both parties adhere to the NCNDA-IMFPA agreement.

Important Notes

• Buyers must submit the CPA for verification under Procedure 1.
• Dip-test arrangements via SGS are at the buyer’s expense.
• Pricing is valid for annual agreements, subject to market conditions.

Please contact us for inquiries and immediate action to secure your position in this lucrative trade deal.
Act now before price adjustments occur.