Vopak Fujairah Ready

PRODUCT, PRICE, & INCOTERM AVAILABILITY STATUS FUJAIRAH

COMMODITY EN590 10ppm
Min Quantity 100,000 Metric Tons Monthly
Max Quantity 400,000 Metric Tons Monthly
Price FOB FOB: USD $560 / $550
Commission 5 $ seller side closed / 5 $ buyer side
Origin Kazakstan

GUIDELINE - INITIAL STEP
Points to be in the LOI
1.Product name
2. Target price
3. CIF / FOB – which port
4. Quantity
5. Duration of contract
6. Tank Storage agreement (Must be in Buyer’s name)
7. If Tier 1 tank farm e.g. Vopak, VTTI, TEAM, etc – Please provide a way for verification in
accordance to your Tank Farm policies e.g. ATV / QR / Barcode etc.
8. Proof of funds to purchase the product (can be shown at TTM in Bangkok, Thailand if Tank
farm and compliance approves) FOR TIER 1 NOT NECESSARY

TTM (OPTIONAL)
- Once LOI, storage and POF is approved by title holder, TTM with allocation holder can take place
in Bangkok, Thailand.
- Prior to TTM, an indemnity letter and NDA must be signed by the buyer, and witnessed by a
notary public. We can also do this in person in Thailand.
- After TTM, Allocation holder books the allocation with title holder at allocation holders own
cost.
- Details of title holder will be provided for buyer to send ICPO directly from their secure e-mail
and physical copy via Courier.
- Buyer then communicates directly with titleholder, with allocation holder in CC.

PROCEDURE TANK – TANK
1. Buyer issues an official ICPO together with Company registration certificate, Signatory’s
passport.
2. Seller issues Commercial Invoice (CI) for the available quantity to Buyer.
3. Buyer signs and returns the Commercial Invoice with Tank Storage Receipt (TSR) issued to
Buyer as proof of tank storage availability. NCNDA/IMFPA signed by Buyer and all Buyer
groups must also be submitted for Seller’s endorsement
4. Seller programs injection and issues to Buyer the documents listed below:
· Unconditional Dip Test Authorization (DTA)
· Fresh SGS Inspection Report
· Injection Report
· Certificate of Origin
· Product Passport (analysis test report)
· Notarized and endorsed NCNDA/IMFPA
· Tank Storage Receipt (TSR)
· Authorization to Sell and Collect (ATSC)
5. (Optional) Buyer’s SGS team re-conducts dip test inspection on the product in Seller’s storage
tanks on Buyer’s expense.
6. Upon successful dip test inspection, Buyer pays for the total product value and Seller
immediately transfers the title of product ownership to Buyer with all export documents.
7. Seller immediately commences injection of the product into Buyer’s tanks.
8. Seller pays all intermediaries involved in the transaction within 72 hours.

Any comments or questions, we remain at your disposal