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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
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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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