ENERGY DEPARTMENT OFFER 02092013/EN7600EA we need the CP of the buyer and then we can proceed with the ci immediately and contact between buyer and seller straight away. We can start from step 5. WE already have the CI and Contract and text of MT543, we can leave steps 1 to 4. We start from step 5. If you have a buyer that is ready right now, I shall send in the CI and Contract and Text MT543. Price; 2.06/2.08. Quantity; 2 x 230 million gallons minimum/week for 52 weeks. First lift; 2 x 91 million gals fob Novo where Dip test is also done. After that: CIF Rotterdam and CIF Louisiana [Note I say take everything in Rotterdam] First few weeks; may be more than 2 x 230 million gallons in Rotterdam because the quantities in August and September may have to be consumed in September or spread it out so that it includes October and the amount in October as well. Product if buyer has huge appetite can go to 4 x 230 million gallons per week. Seller side of fees is closed and buyer side is where we get paid. Please no brokers needed. PAYMENT AND BANKING PROCEDURES 1. Buyer issues ICPO with full banking coordinates. 2. Seller issues FCO to buyer, buyer signs and return signed FCO back to the seller. 3. Seller issues draft contract to the buyer. 4. Both parties execute the draft contract and exchange copies through e-mail. 5. Seller lodge the executed contract with various Ministries together with Partial Proof of Product. Seller sends partial proof of product (PPOP) to the buyer along with pro-forma invoice. Both parties lodge the final contract with their respective banks. The PPOP are as follows: *Company registration *Commitment to supply *Confirmation of product availability *Export License *Product certificate of origin *Product analysis report (Test result) Note: All PPOP documents listed above are issued and verify by appropriate ministries of the Russian Federation. The product analysis report is issued by SGS or it’s equivalent. 6. Upon the confirmation of the PPOP, buyer issues MT103/23 0R the exact text of MT543 annexed/attached with a minimum face value of 10% of the first month shipment. 7. Upon the confirmation that the swift wire in step 6, above, seller issues full pop for the first lift and authorization to dip test to buyers bank with copy to buyer. Buyer conducts Dip test and issues full payment and picks up the first lift along with change of ownership. 8. .for subsequent deliveries, Seller appoints and signs a charter agreement with a suitable and reliable shipping company and sends copy of the CPA to the buyer.. Seller’s bank issue the full proof of product for the life of the contract to the buyer’s bank via swift. At this stage, the title ownership will be changed to the name of the buyer. 9. Monthly delivery follows with revolving funding issued and and followed by buyers dip test. every lift depletes the funding instrument as it revolves automatically to cover weekly purchase. you can edit it or modify it, first to resolve the first lift and resolve the subsequent lifts 10. Buyer issues payment instrument of the 90% of the balance of the first shipment by ARDLC to the seller’s bank. 11. MONTHLY DELIVERIES THROUGH ARDLC MT700 OR MT760 FOR 3,000,000 MT D6 VIRGIN FUEL MUST BE OPENED WITHIN THREE (3) BANKING DAYS FROM THE DATE OF FIRST DIP TEST ALLOWING PARTIAL DELIVERIES PAYMENT SHALL BE RELEASED TO THE SELLER AFTER Q&Q INSPECTION AT DESTINATION PORT LOUISIANA [all can be taken in ROTTERDAM]. 12. Seller will upon the receipt of the buyer’s financial instrument release payments to all involved intermediaries within 72 hours.. 13. Seller will pay the Commission. ANNEX A SPECIFICATION CERTIFICATE OF QUALITY “RUSSIAN VIRGIN D6 LOW SULFUR FUEL” Method Test Result ASTM D5002 Density and Relative Density of Crude Oils Average API Gravity 28.7 (28.7) (Min) API ASTM D1298-99 Density @15 Deg C 0.87 (0.8775)(Max) Kg/t ASTM D97 °C °F Pour Point of Petroleum Products Pour Point Pour Point < - 33.0 (-36.0) (BELOW ZERO) < - 27.4 (-32.8) (BELOW ZERO) ASTM D93 – IP 34 Pensky-Martens Closed Cup Flash Point Corrected Flash Point 117 (137) (MIN) ASTM D4294 Sulfur Content in Petroleum Products by ED-XRF Sulfur Content 0.35 Wt% (MAX) ASTM D445 Kinematic /Dynamic Viscosity, Kinematic Viscosity @ 122 °F/ 50°C 83 (18.12) (MAX) Mm2/s ASTM D6304 Water Content by Coulometric Karl Fisher Titration Water Content 0.20 (0.7) (MAX) Wt% ASTM D482 Ash from Petroleum Products, Average Ash 0.279 (1.007) (MAX) Wt% ASTM D2161 Conversion of Kinematic Viscosity, To SUS/SFS 1 Sayboltfuroi viscosity 122°F 10.9SFS (MAX) ASTM D5184 Aluminum and Silicon in Fuel Oils by ICP-AES or AAS Aluminum Content Silicon Content 102 (MAX) Mg/kg 93 (MAX) Mg/kg ASTMD95 Water by Distillation, Vol % 0.70 (MAX) vol% ASTMD4530.06 Carbon Residue 1.11 (MAX) Wt% Method Test Result Units IP 143 Asphalteness (Heptane Insolubles) Asphaltene Content 0.080 Wt% P 501 Determination of AL, Si, V, Ni, Fe, Na, Ca, Zn, P in Fuel Oil –ICPES 1 Aluminum 372 mg/kg Silicon I87 mg/kg 1Sodium 117 mg/kg Vanadium 1 mg/kg 1 Calcium 779 mg/kg 1Zinc 298 mg/kg 1 Phosphorus 4176 mg/kg 1Iron 545 mg/kg Method Test Result Units IP 143 Asphalteness (Heptane Insolubles) Asphaltene Content 0.080 Wt% Method Test Result Units IP 143 Asphalteness (Heptane Insolubles) Asphaltene Content 0.080 Wt% P 501 Determination of AL, Si, V, Ni, Fe, Na, Ca, Zn, P in Fuel Oil –ICPES 1 Aluminum 372 mg/kg Silicon I87 mg/kg 1Sodium 117 mg/kg Vanadium 1 mg/kg 1 Calcium 779 mg/kg 1Zinc 298 mg/kg 1 Phosphorus 4176 mg/kg 1Iron 545 mg/kg
Posted on: Tue, 29 Oct 2013 07:53:31 +0000
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