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LAODED CARGOS OF ESPO & EN590 10PPM -50PPM ARE AVAILABLE ON CHINA WATER ON TTO.
After the trial TTO shipment both seller/buyer sign 1year deal on CIF where seller give upfront 2%pb.
FUEL EN590 (50ppm/10ppm);
Max 267,300 MT/Month
€249 Gross / 239 Net per MT (CIF- China Ports).
commission : €5 each on both sides
CRUDE OIL (ESPO);
Max. 2,000,000 Bbl. /Month
€43 Gross €39 Net per Bbl. [CIF- China Ports].
Commission : €2 each on both sides
BUYER SIDE commission IS 100% FREE
IMPORTANT:
1: Product payments are ALSO acceptable in other currencies, i.e.: RUBLE/ RMB/
RUPEE …...ETC, proposals on other payment currencies are invited.
2: Payments in United States Dollars (US$) are excluded.
TANK TAKE OVER (TTO) PROCEDURE
1: Buyer issues official order (ICPO) accompanied with company profile (CP), copies of passport and company registration.
2: Seller issues original MOU (Memorandum of Understanding) for initial/ trial delivery’s Title Takeover to buyer.
3: Buyer countersigns MOU and returns to seller accompanied with letter of declaration on readiness to perform accordingly with terms and to receive offered initial product shipment (s).
4: Upon seller’s receipt and satisfactory to countersigned MOU and declaration letter, seller submits to buyer the listed POP documents below:
a) Bill of Lading,
b) Q88 of loaded vessel,
c) Ullage Report,
d) Product Passport (Quality and Quantity dip test analysis report),
e) Tanker Cargo Manifest,
f) Seller’s cargo agent company & its Registration Certificate in China,
g) Takeover Fee Invoice (deposit via seller’s cargo agent company in China).
5: Upon buyer’s receipt of above POP documents, verification of the product availability and confirmation on loaded vessel along high waters. Seller’s cargo agent company shall issue a commitment letter to the buyer confirming refunding of the deposit in case seller misconducts the project. Buyer deposits a deductible sum of 2.7% (in Euro/RMB within 4-working days) derived from shipment value to seller’s cargo agent company guaranteeing title tanker takeover.
6: Upon confirmed takeover fee settlement, seller's cargo agent company shall communicate with the cargo agent of the buyer on arrangement to input the cargo manifest information to customs at destination port, the cargo agent of the buyer shall apply for customs clearance and report. After successful customs clearance application, in cooperation with vessel’s captain, seller's cargo agent company shall handle unloading marine procedures for discharging tanker vessels at destination port.
7: Seller transfers the title to the potential buyer company’s name and also re-issues all other outstanding documents to the buyer and send via swift from seller’s bank to buyer’s bank the full proof of the product.
8: Vessel arrives the discharge port and buyer carry out the CIQ/SGS inspection, upon successful product’s qualitative and qualitative analysis, buyer makes the remaining payment to the seller by MT103 or T/T (under deduction of 2.7%) for confirmed/ received product.
9: Upon successful closing of earlier shipment terms by sides, an extended contract is signed by both (without upfront deposits) and seller’s bank/ fiduciary bank shall initially send a contractual operative 2% PB (in Euro/RMB) to buyer’s Bank.
10: Buyer’s bank issues letter of credit SBLC/MT760 or DLC/MT700 (in Euro/RMB) to seller’s bank or fiduciary bank covering the rest annual / consecutive shipments.
Chat me : +2348069065067
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