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Immediate Fuel & Jet Fuel Buy Requirements
At Atlantic Gas & Energy, we are in the business of commodity trading, with a particular focus on oil and gas trading.
Immediate EN590 (10ppm) Buy Requirement – CIF Spain
ULSD 10ppm (EN590) CIF Spain – Product Details
Quantity: 50,000 MT first lift and 11x 50,000 MT monthly with possible rolls & extensions
Terms: CIF Spain
Payment: SBLC (MT760)/MT 103-23
Specification: Available on request
Target Price: NWE Platts minus US$ 35/MT CIF destination port in Spain
EN 590 (ULSD) – Global Oil and Gas Trading
ULSD 10PPM (EN-590) – CIF Malta
Quantity: Up to 30,000 MT clips on the ULSD 10ppm (EN 590) delivery CIF Malta
Requirements: Quality Certificate, Certificate of Origin, and availability of ULSD
Payment: LC at sight after delivery or payment before loading with storage warrants
Seller Offer Submission Requirements
1
Full Company Details
2
Product Description and Specifications
3
Quantity in Metric Tons
4
Load Port & Terminal
5
Loading Laycan Period
6
Pricing Methodology and Pricing Differential
7
Payment Terms & Credit
8
Minimum Corporate Information for KYC
Immediate Jet Fuel Buy Requirement
Jet Fuel (Jet A-1) – CIF US Port
Quantity: 2 million bbl trial and 3 million bbl monthly for 24 months
Terms: CIF, US Port, Incoterms 2010 or latest
Payment: SBLC MT760/DLC/TT MT-103
Inspection: SGS
Loading Port: European Port/Middle East Port (Persian Gulf)/Singapore/Malaysia
Other Buy Requirements
D2 Diesel Gas Oil GOST 305-82 – Spot to Contract – Ex-Rotterdam
Quantity: 200,000 MT
Terms: Dip & Pay, Ex-Rotterdam
Buyer’s storage tanks in Rotterdam
The standard acceptable procedure applies
Jet Fuel Jet A-1 – Spot to Contract – Ex-Rotterdam
Quantity: 2,000,000 BBL first lift spot
Buyer’s storage tanks in Rotterdam
The standard acceptable procedure applies
Jet Fuel Required on CIF Basis – Jet A-1, CIF Rotterdam Port
Quantity: 1 million barrels x 24 months
Terms: CIF, Rotterdam Port
Target Price: NWE Platts minus US$ 5.50/barrel net
Fuel Grade Petcoke – CIF Indian Port
Quantity: 50,000 MT to 100,000 MT
Terms: CIF Mundra (or other buyer-specified Indian port)
Price: To be confirmed after LOI
Oil and Gas Sell Offers
We are offering the following commodities for sale:
Commodity: JET FUEL JET A-1 & TS1, EN-590
Specification: Export Standard
Origin: United States, Ukraine, Kazakhstan, Azerbaijan, Iraq
Quantity: Trial Order of 500,000 BBL and Contract for up to 6 Million BBL per month
Delivery Term: INCOTERMS 2010 CIF (Cost Insurance Freight prepaid)
Delivery Country: Europe, USA, Africa, Far East
Price CIF: Europe NWE Platts Minus US$3.00/BBL, USA NWE Platts Minus US$2.00/BBL
Inspection: SGS or equivalent at Destination Port, at buyer’s cost.
If you are interested in purchasing, kindly get in touch with us to discuss further details.
Transaction Procedure – Fuel Grade Petcoke
1
Buyer issues LOI and includes CP and Registration and Product Specification.
2
Seller issues FCO and includes confirmed buyer’s Product-Specifications.
3
Buyer confirms FCO, including confirmed Seller Product-Specifications and Buyer KYC/Information Sheet and returns all to the seller along with verifiable proof of funds.
4
Seller issues draft SPA for buyer’s review and, after endorsement, returns to the seller, and both parties lodge SPA with their respective Banks.
5
Seller issues Proforma Invoice for First Lift/First Delivery.
6
Buyer’s Bank issues to seller bank, draft confirmed irrevocable DLC (as per UPC 600) payable at sight at Port of Discharge for seller’s bank approval.
7
In response, Seller bank issues a pre-advice 2% PBG Swift to the buyer bank.
8
Buyer bank issues a pre-advice DLC via Swift, activated with the 2% PB simultaneously between both banks.
9
Upon the seller’s bank approval of DLC, within 5-7 working days, the seller’s bank sends original legal documents.