Ref No.
: M043-2025
Seller/Mandate:
Landers Resources
Mandate of: SARDAR NEFT, LLP
To:
Ms. Peggy Jaramillo
Representing: Gold Standard Commodities LLC
As a mandate with a mandate letter from the SARDAR NEFT, LLP as a mandatory of
SEIDINSKY OIL REFINERY therewith under penalty and perjury hereby confirm the
availability of the under listed product.
The supply is guaranteed to meet the specifications and pass through the stringent
requirements of SGS or equivalent. Only direct negotiations from end buyers or buyer
mandates will be considered.
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Product Details
Diesel EN 590 10 ppm (FOB TTT)
Min Quantity 100,000 Metric Tons Monthly
Max Quantity 500,000 Metric Tons Monthly
Gross Price: USD 530/MT
Net Price: USD 510/MT
Commission: USD 20 (10 per seller side, 10 per buyer side)
Payment Terms: MT103 TT
A. FOB TRANSACTION PROCEDURES (TANK TO TANK)
1) Buyer issues:
• ICPO
• Tank Storage Agreement (TSA)
• Buyer passport.
2) Seller issues Commercial Invoice, Buyer signs and returns back to Seller for countersigning.
3) After complete verification of the Tank Storage Agreement (TSA) by the seller company, Buyer
contacts their tank farm to arrange invoice for seller to pay for 3 storage days to Buyer’s tank Storage
Company to confirm Seller's readiness towards the transaction.
4) Upon receipt of payment for 3 storage days by the Buyer’s tank Storage Company, the Buyer
makes payment for an additional 3 storage days to complete the 6-day TSR. The Seller and Buyer
representatives signs the NCNDA/IMFPA.
5) Seller transfers product allocation to buyer and releases the following documents to Buyer:
• Product Passport.
• Certificate of Origin.
• Authority to Sell and Collect.
• Injection schedule along with the NOR (Notice of readiness) to commence the injection of
the product in buyer’s tanks and Injection commences as per agreed SPOT Lift Quantity.
6) Upon Completion of Injection; Seller releases the following documents to Buyer:
• Injection Report.
• Recent SGS Quality Survey
• Unconditional Dip Test Authorization.
7) Buyer proceeds with inspection of product with SGS agent in his own tanks. Upon Buyer’s
successful Q&Q dip test on the product, Buyer makes the payment for the Total Value of the product
injected into the Tanks by TT/MT103.
8) Seller releases to Buyer the product Title Ownership documents and Buyer lifts the product with
his vessel Tanker.
9) Seller pays intermediaries as per NCNDA/IMFPA
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B. FOB TRANSACTION PROCEDURES (TANK TO TANK)
Product Origin: Turkmenistan
1) Buyer issues:
ICPO
Tank Storage Agreement (TSA)
Buyer passport.
2) Seller issues Commercial Invoice, Buyer signs and returns back to Seller for countersigning.
3) Seller releases Inspection Approval Letter to Buyer to be signed by the Buyer and the Buyer’s
Tank Farm. All parties’ signs NCNDA
4) Upon receipt of the signed Inspection Approval Letter from Buyer’s Tank Farm, Seller issues the
below documents to buyer:
• Quantity and Quality Certificate (SGS) 48hrs fresh
• Tank Storage Receipt (TSR).
• Certificate of Origin
• Product Passport (Dip Test Result).
• Statement of Product Availability.
• Refinery Commitment to Supply.
• Authorization to Sell/Collect (ATSC).
• Injection Report
• Unconditional Dip Test Authorization (DTA)
5) Upon successful verification of documents by the Buyer, Seller & Buyer’s representative and the
SGS Team meets at seller tank storage for dip test on the product and presentation of the hard
copy Proof of Product documents to buyer representatives face to face.
6) Upon confirmation of product Q&Q, Seller seals the tanks in buyer’s name for 10 days, Buyer
pay for product by MT103/ TT and Seller immediately begins injection into buyers’ tank storage.
7) Seller pays all intermediaries according to the signed NCNDA/IMFPA for monthly deliveries.
C. FOB TRANSACTION PROCEDURES (TANK TO TANK)
1) Buyer issues:
• ICPO
• Tank Storage Agreement (TSA)
• Buyer passport.
2) Seller issues Commercial Invoice, Buyer signs and returns back to Seller for countersigning.
3) Seller issues Non-Disclosure Agreement for signatory by the buyer, buyer’s tank farm and Seller.
Seller present product Injection Report and SGS report (quality and quantity) to Buyer’s tank farm,
upon verification of Injection Report & SGS report by Buyer tank farm, Buyer contacts their tank farm
to secure their storage space.
4)Seller issues Injection Programming Agreement (IPA) to the buyer to be signed by the Buyer and
Buyers tank farm company
5) Seller transfers product allocation to buyer and releases the following documents to buyer:
• Product Passport
Product Origin: Turkmenistan
• Certificate of Origin.
• Authorization to Sell/Collect (ATSC).
• Unconditional Dip Test Authorization (UDTA)
• Injection schedule along with the NOR (Notice of readiness) to commence the injection of
the product in buyers’ tank and injection commences as per agreed SPOT Lift Quantity.
6) Buyer conducts dip test on product and the Seller commences injection into the Buyer’s tank
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storage space. Seller releases the following documents to Buyer:
• Injection Report.
• Recent SGS Quality Survey
7) Buyer proceeds with inspection of product with SGS agent in his own tanks. Upon Buyers
Successful Q&Q dip test on the product in his own tanks, Buyer makes the payment for the total
value of the product injected into the tanks by TT/MT103.
8) Seller releases to the Buyer the product Title Ownership documents and Seller pays all
intermediaries according to the signed NCNDA/IMFPA.
NOTE:
All communications, due diligence, and negotiations will be conducted exclusively with verified buyers or
their officially authorized mandates. No unauthorized intermediaries will be engaged or entertained.
This SCO remains valid for ten (10) business days from the date of issuance unless otherwise extended in
writing.
