Juan Kiko Pérez –
kikoperez2210@hotmail.com –
+58 414 7847710
DELTA INTERNATIONAL OIL AND GAS CORPORATION
Issue: 08/02/2023
FOB ROTTERDAM PORT
To: Buyer or Buyer Mandate SOFT CORPORATE OFFER
WE THE UNDERSIGNED WITH FULL CORPORATE AND LEGAL RESPONSIBILITIES, UNDER PENALITIES OF PERJURY CONFIRMS THAT OUR SELLER / REFINERY ARE READY, WILLING AND ABLE TO SELL THE FOLLOWING COMMODITIES ON THE FOLLOWING PROCEDURES, AND TERMS.
ALL ICPO’S/LOI must be addressed to: DELTA INTERNATIONAL OIL & GAS CORP PRODUCT: KAZAKHSTAN ORIGIN:
[] COMMODITY: JET FUEL A1 (AVIATION KEROSENE A1) / JET FUEL JP54
Quantity: Minimum 1,000,000 BBL spots / Maximum 6,000,000 BBL per month
[] COMMODITY: VIRGIN FUEL OIL D6
Quantity: Minimum 100,000,000 GALLONS PER MONTH / Maximum 500,000,000 GALLONS
[] COMMODITY ORIGINAL EN590
Quantity: Minimum 100,000 MT / Maximum 500,000 MT
[] DIESEL GAS OIL D2 – GOST 305-82
Quantity: Minimum 50,000 MT / Maximum 500,000 MT
[] LIQUIFIED NATURAL GAS
Quantity: Minimum 50,000 MT / Maximum 400,000 MT
DELTA INTERNATIONAL OIL AND GAS CORPORATION
FOB ROTTERDAM OPERATIONAL PROCEDURE
1. Buyer sends ICPO with full banking details Company Profile.
2. Seller issues Commercial Invoice to Buyer.
3. Buyer Sign/endorse Commercial Invoice within 48 hours.
4. Seller issue to Buyer following POP Documents Tank Storage Receipt [with tank port location, tank accessibility, tank contact person details, GPS coordinates of tank (TSR Valid 48 hours) Authorization to inspect] (DTA Valid 48 hours) Authority to Verify (ATV).
5. Buyer upon receipt of the POP documents, buyer contact Tank farm for confirmation of the product and dip test within 48 hours. [BUYER is requesting invoice of access permit to enter the port where the Seller’s tank is located and do dip test before payment of his tank farm] NOTE (BUYER’S FAILURE TO MAKE DIP TEST WITHIN 48 HOURS, BUYER WILL BEAR THE COST OF FURTHER EXPENSES). NB; NCNDA/IMFPA will be signed by all intermediaries involved with seller bank Endorsement.
6. Upon successful inspection, Buyer release makes 100% payment by MT 103 TT wire transfer for the total product value.
7. Seller Transfer title and Trans-loading commence. Seller pays all intermediaries involved in the transaction according to the signed NCNDA/IMFPA.
DELTA INTERNATIONAL OIL AND GAS CORPORATION
TRANSACTION PROCEDURES DIP & PAY BANKING /VESSEL LOADING ROTTERDAM
1.) Buyer issue Irrevocable Corporate Purchase Order (ICPO) in line with seller’s procedure and Tank Storage Agreement (TSA) / Charter Party Agreement (CPA) as proof of their storage Tank or Storage vessel availability or buyer extends seller tank.
2.) Seller reviews buyer’s ICPO and TSA/CPA and if accepted, Seller issues
• A) Commercial Invoice
• B) Commitment letter to supply.
• C) Statement of product Availability.
• D) Product Passport (Q and Q report) of the product in Tanks at the port. Buyer and Buyer’s logistics sign or buyer extends seller’s tank.
3.) Upon receipt of the endorsed Commercial Invoice, seller issues the below PPOP documents:
A) Unconditional Dip Test Authorization (D.T.A.)
B) Fresh SGS Report (Not older than 72 hours) ON THE BUYER’S COMPANY NAME
C) Loading Port Injection Report (P.I.R)
D) Certificate of Origin
E) Tank Storage Receipt (T.S.R)
F) Authorization to Sell and Collect (A.T.S.C.)
4.) Upon successful verification of the Full POP documents, Buyer orders His/her SGS AGENT or its equivalent team conduct Dip test on the product in Seller’s tank at buyer’s expense.
5.) Following the completion of the Dip Test, Buyer provides His/her storage receipt (T.S.R.)/(Q88) to Seller, injection commences into buyer’s leased storage tanks/Vessel and upon completion of injection, seller issues to Buyer full Injection Report.
6.) Seller issues and endorses NCNDA/IMFPA duly signed by all Parties and Buyer makes 100% payment by MT103 TT wire transfer for the total product and Seller pays commission to all intermediaries involved in the transaction within 24 hours upon confirmation of buyer’s payment.
7.) Seller issues Draft Sales Purchase Agreement (SPA) to buyer to review for R&E monthly deliveries (Optional).
8.) Buyer reviews and approves the SPA and issues SBLC/IRDLC irrevocable, nontransferable, auto revolving for 12 monthly shipment value and documentary letter of credit for length of contract and for each lift per schedule. Buyer pays after dip test by MT103 Wire transfer on each monthly quantity.
