OIL PRODUCTS WITH PROCEDURES
------------------------
AVIATION KEROSENE COLONIAL
GRADE 54 JET FUEL (JP54)
ORIGIN: KAZAKHSTAN
LIFTABLE QUANTITY: 1,000,000BBLS
MONTHLY: 2,000,000BBLS
PRICE FOB: US $88 GROSS, US $84 NET PER BBL
COMMISSION: US $4
PRICE CIF: US $96 GROSS, US $92 NET PER BBL
COMMISSION: US $4
SHARING: $2 ON THE SELLER SIDE AND US $2 ON THE BUYER SIDE.
EN590 10PPM/50PPM
ORIGIN: KAZAKHSTAN
LIFTABLEQUANTITY:50,000MT
MONTHLY: 200,000MT
PRICE FOB: US $460
GROSS, US $450 NET PER MT
COMMISSION: US $10
PRICE CIF: US $480
GROSS, US $470 NET PER MT
COMMISSION: US $10
SHARING: $5 ON THE SELLER SIDE AND US $5 ON THE BUYER SIDE.
LIQUEFIED PETROLEUM GAS (LPG)
ORIGIN: KAZAKHSTAN
LIFTABLE QUANTITY: 50,000MT
MONTHLY: 200,000MT
PRICE FOB: US $310 GROSS, US $300 NET PER MT
JET A1
ORIGIN: KAZAKHSTAN
LIFTABLE QUANTITY: 1,000,000 BBLS
MONTHLY: 2,000,000BBLS
PRICE FOB: US $90 GROSS, US $86 NET PER BBL
COMMISSION: US $4
PRICE CIF: US $94 GROSS, US $90 NET PER BBL
COMMISSION: US $4
SHARING: $2 ON THE SELLER SIDE AND US / $2 ON THE BUYER SIDE
UREA
ORIGIN: KAZAKHSTAN
LIFTABLE QUANTITY: 5,000 MT
MONTHLY: 100,000 MT
PRICE CIF: US $390 GROSS, US $380 NET PER MT
COMMISSION: US$10
SHARING: $5 ON THE SELLER SIDE AND US $5 ON THE BUYER SIDE
DIESEL GAS D2 OIL
ORIGIN: KAZAKHSTAN
LIFTABLE QUANTITY: 50,000MT
MONTHLY: 200,000MT
PRICE FOB: US $420 GROSS, US $410 NET PER MT
COMMISSION: US $10
PRICE CIF: US $430 GROSS, US $420 NET PER MT
COMMISSION: US $10
LIQUEFIED NATURAL GAS (LNG)
ORIGIN: KAZAKHSTAN
LIFTABLE QUANTITY: 1,000,000 MT
MONTHLY: 2,000,000MT
PRICE FOB: US $310 GROSS, US $300 NET PER BBL
COMMISSION: US $10
PRICE CIF: US $320 GROSS, US $310 NET PER BBL
COMMISSION: US $10
SHARING: $5 ON THE SELLER SIDE AND US $5 ON THE BUYER SIDE.
ESPO CRUDE OIL
ORIGIN: KAZAKHSTAN
Min. Quantity: 2,000,000 Barrel
Max. Quantity: 5,000,000 Barrel per Month
CIF Price: USD 95/Bbl. Gross USD 93 /Bbl.Net
FOB Price: USD 88/Bbl. Gross USD 86/Bbl. Net
Commission: USD 1Buyer side - USD 1 Seller side
BITUMEN GRADE 40/50, 60/70, 80/100
ORIGIN: KAZAKHSTAN
Minimum Quantity: 50,000 Metric Tons per month
Maximum Quantity: 500,000 Metric Tons per month
Price on CIF: $480 USD GROSS / $470 USD NET
Commission: $5 Buy side. Seller side $5 USD Per MT
Price on FOB: $360 USD GROSS / $350 USD NET
LCO – LIGHT CYCLE OIL
ORIGIN: KAZAKHSTAN
Min. Quantity: 10,000 Metric Tons
Max. Quantity: 300,000 Metric Tons per Month
CIF Price: USD 280 / MT Gross USD 270 /MT Net
FOB Price: USD 240/MT Gross USD 230/MT
Net Commission: USD 5 Buyer side - USD 5 Seller side
PETCOKE
ORIGIN: KAZAKHSTAN
QUANTITY: 50,000 Metric tons’ trial shipment with up to 500.000 Metric tons
CIF monthly twelve (12) Months.
PRICE CIF $240 GROSS! $230 NET.
PRICE FOB $210 GROSS / $200 NET
COMMISSION: Seller side $5.00 / Buyer side $5.00
DIESEL GAS OIL (D6)
ORIGIN: KAZAKHSTAN
LIFTABLE QUANTITY: 50,000,000 MT
MONTHLY: 100,000,000 MT
PRICE FOB: US $0.82 GROSS, US $0.80 NET PER GALLON
COMMISSION: US $ 0.02
PRICE CIF: US $0.86 GROSS, US $0.84 NET PER GALLON
COMMISSION: US $ 0.02 SHARING: $0.01 ON THE SELLER SIDE AND US $0.01 ON THE BUYER SIDE.
HIGH SPEED DIESEL EURO 4 GRADE (GASOLINE)
ORIGIN: KAZAKHSTAN
Quantity: 50,000 Metric Tons– 500,000MT
CIF Price: Us$ 380 Gross / Us$370 Net Per Mt.
FOB Price: Us$ 360 Gross / Us$350.00 Net Per Mt.
Commission: $5 buyer Side./ Seller Side $5 Per Mt
AGO
ORIGIN: KAZAKHSTAN
Quantity: 50,000 Metric Tons– 500,000MT available
FOB Price: $ 360 USD Gross $ 350 USD Net,
Commission: USD 5 seller side, USD / 5 Buyer side Per Metric Ton
CIF Price: USD Gross $380 / 370 Net per Metric Ton
PROCEDURES
PROCEDURE FOR SHIP TO SHIP
1. Buyer issues an official ICPO with full buyer banking details & company registration certificate.
2. Seller issues a commercial invoice for first lift quantities for both party’s signatures and endorsement.
3. Buyer provides Charter Party Agreement [CPA].
4. Seller verifies buyers CPA and issues the below-listed Document:
a. Freight cargo manifest.
b. Commitment to Supply.
c. Product Passport Dip Test Report.
d. Authorization to Sell (ATS).
e. Bill of Lading (B/L).
5. Within 48 hours buyer contact seller shipping company and make a security guarantee payment to secure the
vessel and for the vessel to be rerouted to the buyer’s destination. Buyer provides their vessel details where the
product will be injected at the discharge port. Seller verifies the vessel position and issues NOR_ ETA ATE_ DTA.
6. On arrival of the vessel at the discharge port, Buyer conducts DIP TEST Inspection for Quantity and Quality of the
product, upon Successful DIP TEST Inspection, Buyer within 24-48 Hours Maximum makes payment via MT103
Wire Transfer for the Total Value of the Product Delivered into the Buyer Vessel
7. Seller shipping company transfer the fuel to the Buyer’s nominated vessel and hands over all Exportation
Documentation in relation to the product.
8. Seller provide NCNDA/IMFPA to be signed by all intermediaries involved with seller bank endorsement and
Commission is paid to Intermediaries involve in the Transaction.
9.Possible contracts begin for one or more years’ interval.
FOB PROCEDURE TANK TO VESSEL / DIP & PAY, HOUSTON, FUJAIRAH,
ROTTERDAM, SINGAORE & CHINA
1. Buyer issues ICPO with CPA for verification and international passport copy (data page) to seller.
2. Seller issues Commercial Invoice (CI) for the quantity of product, buyer signs and returns the CI to seller.
3. Seller returns the signed commercial invoice and seller proceed to issue inspection letter to inspect buyer vessel
before releasing the full PPOP document with fresh SGS report.
4. Seller issues the partial pop documents as below and sends to buyer.
a. Fresh SGS (not older than 48 hours)
b. Certificate of Origin
c. Authorization to Verify (ATV)
d. Unconditional DTA
e. Commitment to Supply
f. Tank storage receipt (TSR)
g. ATSC h. Injection Report.
h. Unconditional dip Test Authorization Letter (UDTA). 5. Buyer conducts inspection by SGS on buyer’s
expense.
6. Seller issues the NCNDA/IMPFA to all intermediaries involved in the transaction and upon successful dip test of
the product, seller commences injection to buyer’s tank or vessel, buyer makes payment of the product via mt 103
and seller transfer’s title.
7.Second and succeeding shipments continue.
FOB PROCEDURE TANK TO TANK
1. Buyer issues ICPO along with Buyer's CIS and TSA.
2. Seller issues allocation Commercial Invoice (CI)to be signed by Buyer and return to Seller within 24 hrs.
3. Upon receival of the signed CI Seller provides the following POP documents to buyer
a. Tank Storage Receipt (TSR)
b. Certificate of Product Origin.
c. Product Availability
d. Commitment Letter to Supply the Product
e. Authorization to Sell and Collect (ATSC)
f. ATV
4. Buyer (Co-Buyer) contacts the Seller's TANK FARM company to obtain a 1-day payment invoice (Buyer must
complete and pay within 2 working days) to secure tank clearance and port legal access permit for buyer and buyer
SGS team to conduct DIP TEST.
5. Upon confirmation of the buyer securing tank clearance and port legal access permit to the product, Seller issues
the following documents to Buyer:
a. Unconditional DTA
b. Product Passport Analysis
c. Company certificate
d. Export License
e. NCNDA/IMFPA form to be signed by all intermediaries involved in the transaction
6. Buyer (Co-buyer) may request 3 working days to perform Dip Test, and upon satisfactory SGS inspection result,
Buyer pays Seller via MT103 of the total product value and Seller pays all the intermediaries involved successfully
as per NCNDA/IMFPA.
7. Seller transfers products into buyer tank and change title of ownership to Buyer’s name.
8. Seller issues contract agreement letter to Buyer for roll over to contract of 12 Months
DIP AND PAY TRANSACTION PROCEDURE FOB CHINA, SINGAPORE,
FUJAIRAH, ROTTERDAM, HOUSTON
1. Refinery Issues a Full Corporate Offer and Buyer Sends ICPO, CP, And Tank Storage Agreement (TSA) As Proof
of Storage Availability.
2. Refinery Verifies and Issues Commercial Invoice (Ci) For Available Quantity Include the Product Specifications,
Tank to Tank Injection Agreement (TTTIA). Buyer Signs and Returns Signed CI to Refinery Along with (TTTIA)
Signed and Approved by Their Logistics Company.
3. The Refinery Issues the Below Pop Documents to Allow the Buyer Dip Test in Seller's Ex-Shore Tank.
4. Upon verification of POPP by buyer, seller sends UDTA for all parties including tank farm to sign to enable buyer
to conduct dip test to obtain fresh SGS (not older than 48hours). the buyer conducts dip test in the seller’s
reservoir / tanks at their expense and arranges the injection of the product into the buyer’s tanks.
5. Within twenty-four (24) hours after complete injection, seller issues injection report for the complete injected
quantity to the buyer and buyer issues 100% wire transfer payment via mt103 to the seller’s nominated account.
6. Seller transfers the tittle ownership to the buyer and pay commissions to their intermediaries via NCNDA/IMFPA.
7. After trial lift is completed, and the next shipments is followed according to the signed and sealed commercial
invoice by both parties.
FOB PROCEDURE FOR TANK TO TANK
1. Buyer issues ICPO & Tank storage agreement TSA
2. Seller issue commercial invoice (C.I). to the buyer, buyer sign and return commercial invoice
3. Seller lodge the finalized Commercial Invoice with the bank and seller proceeds to verify and pay two (2) days
buyer tank storage as a commitment to supply and upon confirmation of seller payment by buyer tank operator
buyer immediately pay additional 3 days to obtain the total of 5 days tank storage receipt needed for the transaction
issued in buyer name.
4. Seller provides buyer with the following document
a. Injection Report
b. Certificate of Origin
c. ATSC (Authorization to Sell and Collect)
d. Statement of Availability of Product
e. ATV (Authorization to Verify)
f. DTA for Buyer and his SGS Inspection team to conduct a dip test on the product in the seller tank.
5. Upon successful dip test result, seller inject the product into buyer tanks
6. NCNDA/IMFPA will be signed by all intermediaries involved with seller bank endorsement
7. After confirmation of the above POP documents and product in tanks, buyer make payment for total cost of
product value via MT103 and seller transfer to buyer the product title and one (1) year contract.
8. Seller pays all intermediaries involved in the transaction according to the signed NCNDA/ IMFPA
FOB PROCEDURE FOR TANK TO VESSEL
1. Buyer issues ICPO on buyer company letterhead containing the seller's working procedure with banking details,
scanned copy of buyer’s passport data page and certificate of incorporation, along with Charter Party Agreement
(CPA) for seller’s validation.
2. Seller issues a commercial invoice of the product in tanks at the port, and Buyer signs and returns the
Commercial Invoice to Seller
3. Upon return of the endorsed CI, Seller releases to Buyer the following Partial Proof of Product (PPOP)
documents;
a. Authorization to verify (ATV)
b. Certificate of Origin
c. Commitment Letter to Supply
d. Tank storage receipt (TSR)
e. Injection report
4. Buyer contact seller’s Tank storage company and submit the names of their Company representative/SGS
representative to be registered at the port authority to secure tank clearance and port legal access permit for buyer
and buyer SGS team to conduct DIP TEST in the Tank. (port access permit fee to be discussed with seller tank
storage company)
5. Upon confirmation of the buyer securing tank clearance and port legal access permit to the product, Seller issues
DTA for Buyer to proceed with the dip test and Buyer and his SGS Inspection team conduct a dip test on the product
in the seller tank.
6. Upon the satisfactory result of the dip test, the Seller’s storage Company issues Buyer the Notice of Readiness
(NOR) to inject the product.
7. Buyer provides Q88 and ATI from his logistics/Shipping Company and makes the Vessel available for the injection
process to commence as scheduled.
Note: Injection fees will be paid if Buyer does not have their injection personnel.
8. Upon completion of the Injection, Seller releases to the buyer the below POP documents.
a. Product SGS Report.
b. Pipeline Injection Report.
c. Authority to Sell and Collect (ATSC)
d. Product passport (analysis test report).
e. NCNDA/IMFPA to all intermediaries involved in the Transaction.
9. Upon confirmation of the above POP documents by Buyer and the Endorsement of NCNDA/IMFPA, Buyer
immediately pays for the total cost of the product value injected into the Ship/vessel through MT103 TT wire transfer.
10. Seller pays all intermediaries involved in the transaction upon receipt of the payment within 24 hours and
transfers the Title of Ownership certificate of the product to the entity nominated by Buyer.
11. Second and succeeding shipments continue.
CIF ASWP APPROVED STANDARD BANKING WORKING PROCEDURES
1. Buyer issues ICPO alongside Buyer's Passport copy, company's registration certificate.
2. Seller acknowledges ICPO and issue Draft Contract SPA to Buyer, Buyer review SPA open for any amendment,
sign and return to Seller for approval.
3. Seller registers and legalizes the signed Sales and Purchase Agreement contract and provides the registered
legalized and notarized SPA including PPOP as listed below.
a.Certificate of Origin.
b. Commitment to Supply.
c. Statement of Availability of the product.
d. Product export license
e. Product Allocation payment invoice at buyer's expense.
4. Upon buyer securing allocation, Seller issues and register the Full set of POP with the Ministry of Energy
and Justice including the loading Port Authority, and charter of vessel for product Shipment.
5. Seller send to Buyer the full set of POP documents, vessel documents including SGS report at Origin Country to
Buyer via (Bank to Bank secured email) and loading commence according to shipment schedule for departure from
origin port within the specified working days after Buyer final notification of POP verification and Confirmation.
• POP DOCUMENTS:
• Certificate of Incorporation
• Act of Transfer
• Commercial Invoice
• Fresh SGS Report at Loading Port
• Tank Receipt
• Vessel Q&Q and Quality Specification
• Bill of Lading
• Notice of Readiness (NOR)
• Estimated Time of Arrival (ETA)
• Authorization To Sell Certificate (ATSC)
• Cargo Declaration / Conforming Warrant
• Ullage Report
• Customs Declaration Certificate.
• Product Allocation Certificate
• Notarized NCNDA/IMFPA
6. within 3 banking days of the Vessel arrival at Buyer destination port, upon Buyer's Confirmation and satisfaction
with product buyer makes payment via TT/MT103 to Seller against Shipping documents and Title transfer.
7. Product discharged into Buyer's storage facility/vessel, and Seller pays commission to all intermediaries within 24
hours after receiving payment from Buyer.
PROCEDURE TANKER TAKE OVER
1. Buyer issues an official ICPO inserting seller’s terms and procedures.
2. Seller issues Memorandum of Understanding (MOU) TITLE TANKER TAKE OVER for buyer's review and signing.
3. Buyer signs the Memorandum of Understanding (MOU) TITLE TANKER TAKE OVER and returns to seller the
signed MOU contract, and seller issues the POP Documents as shown below:
a. Product Passport (Quantity & Quality Dip Test Analysis Report
b. Certificate of Origin
c. Bill of Lading
d. Vessel Q88
e. E.T.A. (Estimated Time of Arrival) Of Vessel
4. Upon receipt confirmation of the above PPOP documents by the buyer, Buyer conducts due diligence on the
product availability via Q88 or via the vessel IMO Number upon tracking the vessel current location on the sea.
5. Within 48 hours buyer contact seller shipping company and make a Transaction Guarantee Deposit (TGD)
payment to secure the vessel and for the vessel to be rerouted to the buyer’s destination.
6. Upon buyer payment confirmation for the Transaction Guarantee Deposit (TGD), seller make contact to the
necessary office to make the possible changes on the products pop documents from the previous buyer company
name to the new potential buyer company name which will be processed by the office of the Legal Advisory
Department (LAD) of the head of petroleum sector Kazakhstan, so as for
buyer obtaining original pop documents on their company name and get the Products Conformity Permit (PCP) in-
order to give the vessel captain a direct instruction to sail the vessel to the new buyer designated port of discharge.
(This is compulsory).
7. Vessel re-rout and arrive new buyer's desired port and Seller provide NCNDA/IMFPA to be signed by all
intermediaries involved with seller bank endorsement.
8. On arrival of the vessel at the discharge port buyer conduct DIP Test inspection on the products with SGS or
Intertek. Upon a successful Inspection, buyer pays for the full products value via MT103 T/Wire Transfer which all
necessary cost borne bythe buyer earlier will be deducted from the total cost of products
9. Buyer / Seller pays commission to all intermediaries involved as per signed NCNDA /IMFPA within 48 hours
10. Possible contracts begin for one or more years’ interval
