CIF TTO (TANKER TAKE OVER) PRICES & PROCEDURES
Russian Refinery via Seller's Mandate:
PETROLEUM PRODUCTS / CIF TTO (TANKER TAKE OVER) PRICES
PRICES PLATTS NWE INDEX
1.- RUSSIAN AVIATION KEROSENE COLONIAL GRADE 54 JET (JP54)
Quantity: Minimum: 500,000 BBLS. Maximum: 10,000,000 BBLS.
Price: NWE PLATTS - 5
Commission: $ 0.50 / $ 0.50 USD per barrel.
.2- RUSSIAN AVIATION KEROSENE COLONIAL GRADE JET FUEL A1
Quantity: Minimum: 500,000 BBLS. Maximum: 10,000,000 BBLS.
Price: NWE PLATTS - 5
Commission: $ 0.50 / $ 0.50 USD per barrel.
3- H2D2 GAS OIL L-0.2-62 GOST 305-82 AGO (AUTOMOTIVE GAS OIL) Quantity: Minimum: 50,000 MT. Maximum: 500,000 BBLS.
Price: NWE PLATTS - 8
Commission: $ 1.00 / $ 1.00 USD per MT.
4- RUSSIAN EN590 10 & 50PPM
Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT.
Price: NWE PLATTS - 8
Commission: $ 1.00 / $ 1.00 USD per MT.
5- RUSSIAN D2 GAS OIL GOST 305-82
Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT.
Price: NWE PLATTS - 8
Commission: $ 1.00 / $ 1.00 USD per MT.
6- RUSSIAN VIRGIN FUEL OIL D6
Quantity: Minimum: 25,000,000 GAL. Maximum: 50,000,000 GAL.
Price: NWE PLATTS - 8 on MT
Commission: $ 0.01 / $ 0.01 per Gal.
7- CST-180 FUEL OIL RUSSIAN ORIGIN
Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT.
Price: NWE PLATTS - 8
Commission: $ 1.00 / $ 1.00 USD per MT.
8- MAZUT 100 GOST-10585-75 / 99 RUSSIAN ORIGIN
Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT.
Price: NWE PLATTS - 8
Commission: $ 1.00 / $ 1.00 USD per MT.
9- LPG (LIQUIFIED PETROLEUM GAS) GOST 20448-90
Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT.
Price: PLATTS - 8
Commission: $ 1.00 / $ 1.00 USD per MT.
10- LNG (LIQUIFIED NATURAL GAS)
Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT.
Price: PLATTS - 8
Commission: $ 1.00 / $ 1.00 USD per MT.
11- GASOLINE 87 / 89 / 91 / 93 / 95 OCTANE RUSSIAN ORIGINS
Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT.
Price: NWE PLATTS - 8
Commission: $ 1.00 / $ 1.00 USD per MT.
12- BITUMEN 60/70
Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT.
Price: PLATTS - 8
Commission: $ 1.00 / $ 1.00 USD per MT.
13- RUSSIA EXPORT BLEND CRUDE GOST 9965-76 API 32
Quantity: Minimum: 500,000 BBLS. Maximum: 10,000,000 BBLS.
Price: NWE PLATTS - 5
Commission: $ 0.50 / $ 0.50 USD per barrel.
14- RUSSIA EXPORT BLEND CRUDE GOST 51 858-2002 API 32
Quantity: Minimum: 100,000 BBLS. Maximum: 1,000,000 BBLS.
Price: NWE PLATTS - 5
Commission: $ 0.50 / $ 0.50 USD per barrel.
15- BONNY LIGHT CRUDE OIL (BLCO) API 34 TO 37
Quantity: Minimum: 2,000,000 every 15 days
Maximum: 4,000,000 BBLS per month
Price: PLATTS - 5 (has separated procedures)
Commission: $ 0.50 / $ 0.50 USD per barrel.
15- EQA IBOE CRUDE OIL API 35.2
TO BE CONFIRMED: Quantity: Minimum: 2,000,000 every 15 days
Maximum: 4,000,000 BBLS per month
Price: PLATTS - 5 (has separated procedures)
Commission: $ 0.50 / $ 0.50 USD per barrel.
On MT products, minimum quantity will be 50,000 MT, delivered to one or two port by the same vessel/shipment.
PRODUCTS OFFERED ON CIF TTO BASIS PROCEDURES
The CIF TTO (Tanker Take Over) procedures are as follows:
1. Buyer issues LOI, Seller's Mandate sends Full Corporate Offer, and Buyer sends back his ICPO which must include 100%, the following terms and Procedures as well as the LOI.
2. Seller's issues Draft Contract & Commercial Invoice for the product quantity
3. Buyer issues a RWA from Buyer's bank to confirm buyer's capability to pay 5% security guarantee deposit by TT wire transfer.
4. Seller issues the POP documents as listed below:
a. SGS Q&Q Report
b. Bill of Lading
c. Q88
d. Commitment to Supply
e. Cargo Manifest
f. Tank Ullage Report
g. Receipt of Samples
h. Certificate of Quantity & Quality
i. Certificate of Origen
j. Notice of readiness
k. Cargo Entrustment Letter
5. Upon Confirmation of the above POP documents, Buyer pays 5% Security Guarantee Deposit payment to secure the shipment.
6. Upon receipt of Buyer's guarantee payment, Seller re-directs the vessel's tanker route, to Buyer's destination port (ASWP). Upon arrival of the vessel at Buyer's discharge port, Seller issues an Authorization for the Buyer's reps. & inspection team, to board the vessel tanker and conduct the CIQ or SGS Inspection.
7. Upon the successful inspection, the Buyer makes the remaining 95% payment to the Seller for the product, via TT Wire or MT103 and takes over the vessel tanker.
NCNDA & IMFPA documents must be signed by all the parties involved.
NOTE: Commissions are based on the type of product to be purchase, quantities, spot or contract, discounts, and type of payment.
Commissions will be paid by the Seller.
Each transaction will be handled individually according to each Buyer’s requirements.
If you are interested on any of our Petroleum Products; please request from us, a formal Offer by sending us an email at:
Thank you very much for your interest on our Petroleum Products.
Luis Torres
ALS Tools-Plus
