Kalily E. P.

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Terms of Trading

Products > Petroleum Products

Terms of Trading

 

Minimum Order Size

for all types of kerosene:         500,000 Barrel (five hundred thousand)

                                                          (no calculations in gallons or other
                                                           dimensions)

for all other types:                    50,000 Metric Tons (fifty thousand)



Purchase Procedures

Please refer to our procedures




FOB


Loading Terms

Upon confirmation of the financial instrument loading starts within 10 working days.
Buyer can be present at loading port.


Payment Terms

Guarantee for the contract:  

MT760 BG/SBLC in the amount of one delivery.

Payment:

100% by TT or MT103, (at sight) in the loading port against presentation of the shipping documents within 2 (two) banking days after successful Dip Test of the Buyer.



Shipping Documents

  • Seller’s Commercial Invoice (3 Original Set)

  • Tank Storage Receipt

  • Port Storage Agreement

  • Certificate Of Origin Form D

  • Dip Test Autorization

  • SGS Certificate Of Quality

  • SGS Certificate Of Quantity

  • SGS Certificate Of Origin

  • Authorization To Sell & Collect (Optional)

  • Certificate Of Ownership

  • .............



CIF


Loading Terms

Upon confirmation of the financial instrument loading starts within the SPA agreement.
Buyer can be present at loading port and at discharge port.



Payment Terms
Guarantee for the contract:

MT760 BG/SBLC in the amount of one delivery.

Payment:

100% by TT or MT103, (at sight) in the discharging port against presentation of the shipping documents within 2 (two) banking days after successful Dip Test of the Buyer.



Shipping Documents

  • Seller’s Commercial Invoice (3 Original Set)

  • Packing List (3 Original Set)

  • Certificate Of Origin Form D

  • Bill Of Lading marked "Freight Prepaid" issued to the Order Of Consignee.

  • Signed Commercial Invoice

  • SGS Certificate Of Quality

  • SGS Certificate Of Quantity

  • SGS Certificate Of Origin

  • Certificate Of Ownership

  • Certificate Of Insurance

  • Charter Party Agreement

  • Vessel Register Certificate (age less than 20 Years)

  • Full set of "Clean On Board" Marine Bill Of Lading, Certificate of Weight, Quantity and Quality).

  • Marine Insurance Policy covering minimum of 110% face value of the goods in the name of Buyer.

  • .............

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