ON BUYERS LETTER HEAD
To
Refinery- EMIR oil LLP
Operation Address : 130000, Aktau, Micro District 2, Building 41, KAZAKHSTAN
Legal Address
Mangistauskaya Oblast,
Munaylinsky District, S.O. Dualet,
S. Dualet, Block 24, KAZAKHSTAN
ATTENTION: MR. NURBEKOV IGNAT SERIKOVICH
Through- Adithya S kallpat /LATIN AMERIKA s.a.s.
Dear sir's,
Please find our irrevocable corporate purchase order for the following terms and condition -
COMMODITY JET A1
2.000.000 BBL (Two Million Barrels) TRIAL
SHIPMENT FOLLOWED BY
SUPPLY
10.000.000 BBL (Ten Million Barrels) PER MONTH X 12
MONTHS
WITH POSSIBLE ROLLS AND EXTENSIONS
PRICE/LOAD 78 USD/BARREL (Seventy Eight US dollars per Barrel)
PROPOSED CONTRACT 1 (one) to 5 (five) years
TIME
PERIODICITY Monthly
TRADE TERMS TTV (Tank to Vessel) or TTT (Tank to Tank) FOB ROTTERDAM
PAYMENT SWIFT MT103
ALTERNATIVE PROCEDURE 01
FOB TANK TO VESSEL PROCEDURE
(TTV FOB ROTTERDAM)
1. Buyer issues ICPO along the following documents, Buyer’s Company Certificate
of Registration or Company’s Profile with Buyer’s CPA in accordance to Seller’s
delivery transaction terms.
2. Seller issues Commercial Invoice and Tank to Vessel Injection Agreement
to be countersign by the Buyer and its Logistics Shipping Company.
3. Upon receipt sign Commercial Invoice and Tank to Vessel Injection Agreement by
Buyer endorsed by its Logistics Shipping Company, Seller provides the following
documents for Buyer to verify the product in Seller’s Tank.
A. Fresh SGS Report.
B. Tank Storage Receipt.
C. Authorization to Verify.
D. Dip Test Authorization Letter.
E. Authorization to Sell & Collect.
F. NCNDA/IMFPA.
G. Certificate of Conformity
H. Statement of Product Availability
4. Buyer proceeds to conduct Dip Test Inspection of the Product in Seller’s Tank at
Buyer’s own expense. Upon Successful Q&Q Dip Test on the product, SGS issues
the inspection report certificate to Buyer and copy to seller`s company. Upon
confirmation of SGS, seller releases port agent information to buyer. Seller open
communication between buyer`s vessel and seller agent company at the port.
5. Upon communication with buyer`s vessel owner and seller`s agent at the loading
port, loading of the product commences to buyer`s vessel as per schedule.
6. Buyer makes the payment for the Total Value of the Product in the Tanks as per SGS
Q & Q Report through the means of MT103-TT and upon 48 Hours after seller
confirms buyer’s payment, seller provides full POP documents and export document
and immediately proceeds to transfer title ownership of the product to buyer.
Buyer commences lifting of the product to its Vessel Tanker or Storage tank.
7. Seller releases payment within 48 hours to all intermediaries involved in the
transaction, and subsequently monthly shipment continues as per terms and
conditions of the sales and purchase agreement contract between buyer and seller.
ALTERNATIVE PROCEDURE 02
FOB TANK TO TANK PROCEDURE
(TTT FOB ROTTERDAM)
1. Buyer issues ICPO along the following documents, Bu’s Company Certificate of
Registration or Company’s Profile with Buyer’s CPA in accordance to Seller’s
delivery transaction terms.
2. Seller issues Commercial Invoice and Tank to Tank Injection Agreement
to be countersign by the Buyer and its Logistics Storage Company.
3. Upon receipt sign Commercial Invoice and Tank to Tank Injection Agreement by Buyer
endorsed by its Logistics Storage Company, Seller provides the following documents for
Buyer to verify the product in Seller’s Tank.
A. Fresh SGS Report.
B. Tank Storage Receipt.
C. Authorization to Verify.
D. Dip Test Authorization Letter.
E. Authorization to Sell & Collect.
F. NCNDA/IMFPA.
G. Certificate of Conformity
H. Statement of Product Availability
4. Buyer proceed to conduct Dip Test Inspection of the Product in Seller’s Tank at Buyer’s
own expense. Upon Successful Q&Q Dip Test on the product, SGS issue the inspection
report certificate to Buyer and copy to seller`s company. Upon confirmation of SGS,
seller releases port agent information to buyer. Seller open communication between
buyer`s Logistics Storage Company and seller agent company at the port.
5. Upon communication with buyer`s Logistics Storage Company and seller`s agent at
the loading port, loading of the product commences to buyer`s tank facilities as
per schedule.
6. Buyer makes the payment for the Total Value of the Product in the Tanks as per SGS
Q & Q Report through the means of MT103-TT and upon 48 Hours after seller
confirms buyer’s payment, seller provides full POP documents and export document
and immediately proceeds to transfer title ownership of the product to buyer. Buyer
commences lifting of the product to its Vessel Tanker or Storage tank.
7. Seller releases payment within 48 hours to all intermediaries involved in the
transaction, and subsequently monthly shipment continues as per terms and
conditions of the sales and purchase agreement contract between buyer and seller.
BANKING DETAILS-
( Please fill in buyers / fiduciary account details )
Kindly issue Commercial invoice at the earliest
Thanking you
With regards
( Buyer company seal and sign)
Authorised signatory name and designation .
Encl-
1. company registration certificate
2. passport copy of the signatory.
3. Tank farm agreement
4. Proof of fund
5. (/any other document deemed required )
