D6 — Azerbaijan, Kazakhstan (non-Russian & non-sanctioned)

Non-Sanctioned D6 — Azerbaijan, Kazakhstan (non-Russian)

• Trail Lift Ready to Sell (details included in the contract) 50,000,000 to 300,000,000 Gallons
• Annual Contract Potential Quantity Up to 300,000,000 Gallons per month with R&E
• FOB price: around $0.90 USD to $0.95 USD (detailed in Corporate Invoice based on market conditions)
• Commission: $0.01/$0.01 (50% buy side open / 50% sell side closed)
• Term of Payment MT-103 / TT
• Inspection SGS or equivalent
• Port – incoterm FOB – Rotterdam / Houston / Fujairah / Jurong / Ningbo-Zhoushan

FOB – Tank Take Over (TTO)

1. The buyer accepts seller’s working procedure and issues Irrevocable Corporate Purchase Order (ICPO) with their banking signatory Passport copy. Happy to do multiple phone calls and other levels of vetting and confidence building before asking for this document.
2. The Seller issues a Commercial Invoice of the product within 5 business days. The CI will include specific coordinates and details about the Tank Farm generally and the actual tank specifically where the oil is stored. There is an ATV in the CI allowing the Buyer to verify these details, not with boots on the ground, but by calling the Tank Farm and accessing various databases. Buyer then countersigns and returns to the seller.
3. Seller works with the Buyer to schedule a Dip Test. This single day is billed to the Buyer. It is called a 1-day tank extension. The day is invoiced to the Buyer, but it is refunded if the Buyer does not purchase the fuel. 
4. Upon receipt of the Buyer’s 1-day tank extension payment, the Seller initiates with the Buyer open communications with Tank Farm Management for verification registration and the Seller issues at a minimum these PPOP documents:

• • Authorization to Sell and Collect
  • Product Passport / Analysis
  • Product Certificate of OriginInjection Report
  • 24 Hour SGS Report

5. The Tank Farm registers the Buyer to have unconditional Dip-Test Authorization on the day of their choosing.
6. Buyer confirms receipt of the above-issued documents, conducts a full inspection and Dip-Test with their team. After successful verification of PPOP and Dip Test in the seller’s tank, the Seller and Buyer schedule payment.
7. Seller issues NCNDA and the IMFPA to be signed by all intermediaries involved in the transaction. The Seller pays commissions to all intermediaries involved for the initial lift and all subsequent lifts.
8. Buyer makes the payment for the total amount of the product. Seller confirms Buyer payment and transfers title ownership of the product to the Buyer. Buyer completely takes over tanks.
9. This completes the Trial Purchase.