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Trading Oil Edited

TRADINGOIL FUTURE FZE intends to purchase 400,000 metric tons of Diesel Gas Oil EN 590 (10 PPM) monthly for a total of 12 months, with specific terms for pricing and payment. The purchase order includes detailed procedures for verification, inspection, and payment processes. The document outlines the responsibilities of both the buyer and seller throughout the transaction.

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133 views16 pages

Trading Oil Edited

TRADINGOIL FUTURE FZE intends to purchase 400,000 metric tons of Diesel Gas Oil EN 590 (10 PPM) monthly for a total of 12 months, with specific terms for pricing and payment. The purchase order includes detailed procedures for verification, inspection, and payment processes. The document outlines the responsibilities of both the buyer and seller throughout the transaction.

Uploaded by

stefan.lalic97
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Date: To:

A8n:
Via:

IRREVOCABLE CORPORATE PURCHASE ORDER


(ICPO)

Dear Sir,

We, TRADINGOIL FUTURE FZE hereby state and represent that it is our corporate intenJon to purchase
the below commodity for the price and quanJty as specified in the terms and condiJons stated below.
This representaJon is made with full corporate authority and responsibility.

COMMODITY DIESL GAS OIL EN 590 (10 PPM)


ORIGIN Non-Sanctioned
SPECIFICATION Export Standard Quality AS PER EXHIBIT
QUANTITY PER
MONTH 400,000 METRIC TONS (MT) monthly with Rolls and Extensions
TOTAL QUANTITY TBD 12 X 400,000
CONTRACT LENGTH 12 Months contract with rolls and extension
TARGET PRICE
LIFTING FOB PORT FUJEIRAH, TANK TO TANK
INSPECTION SGS OR EQUIVALENT
PAYMENT MT 103 as per contract. SBLC OR OTHER INSTRUMENT.

REFINERY FOB PROCEDURES


1. Buyer accepts seller working procedure and issue ICPO addressed to the seller refinery.
A. AuthorizaJon To Verify (ATV)
B. Product Passport (product analysis report)
C. Irrevocable Commitment Le8er to Supplier
D. Statement of Product Availability
D. Tank-to-Tank InjecJon Agreement (TTIA) to be signed
2. Seller issues commercial invoice (CI), Buyer signs and returns back commercial invoice and tank storage
agreement (TSA).
3 Seller provide buyer with the below listed PPOP.
by all parJes.
4. Seller provides buyer with SGS report, InjecJon Report, uncondiJonal DTA.
5. (NCNDA/IMFPA) will be signed, buyer within 24 hours aher successful dip test in seller tanks provide
tank storage receipt (TSR) seller proceed for Tank to Tank injecJon and provide buyer with the injecJon
report of the product into buyer tanks.
6. Buyer make payment for total cost of product injected into buyer tanks via MT103, 7.Seller transfer Jtle
ownership to buyer with all exportaJon documents required of buyer for the transacJon.
8. Upon conclusion of first lih transacJon seller pays all intermediaries involved in the TransacJon and
proceeds with the signing of contract with Buyer.

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