EN590 — Soft Corporate Free on Board (FOB)
SHYMKENT OIL REFINERY is the newest and most modern refinery in Kazakhstan. It currently produces approximately 30% of all oil products in the country, contributing significantly alongside the other two refineries. As the only oil refinery located in the southern region of Kazakhstan, Shymkent Oil Refinery plays a crucial role in meeting regional and international demand.
Committed to supplying oil products directly to end buyers, pending the acceptance of the terms and conditions outlined herein for the products listed below.
The U.S. Department of State PDF – Guide for doing business in Kazakhstan
(Shymkent Oil Refinery is mentioned favorably on page 21)
- PRODUCT: GASOLINE (DIESEL EN590-10PPM)
- ORIGIN: Kazakhstan
- DELIVERY TERMS: TANK TO TANK (TTT) or COST, INSURANCE, AND FREIGHT (CIF)
- DESTINATION PORTS: TTT and CIF to ANY SAFE PORT
- CONTRACT SCOPE: 100,000 MT Up to 200,000MT x12 months with Rolls and Extensions with R&E
- FOB PRICE: $460USD GROSS PERMT |
- CIF PRICE: $480USD GROSS PER MT
- COMMISSION: $10 USD PER MT
FOB TANK TO TANK DIP & PAY
- Buyer confirms sellers SCO (procedure) and issues ICPO along with storage agreement and endorsed IMFPA/NCNDA.
- Seller issues Commercial Invoice for available product in the seller tank storage.
- Buyer signs Commercial Invoice with his Logistic provider and returns to supplier within 48-hours.
- Seller within 24-hours release full pop to buyer’s bank or directly to buyer secured mail below:
- Unconditional dip test authorization letter UDTA
- Authorization to sell and collect fund ATSC
- Fresh SGS report on shore tank less than 24 hours
- Injection report on shore tank IRR
- Product passport and analytical report PP
- Tank storage receipt including GPS, hub, bar-hub, bar-code and all others
- Certificate of origin COO
- Attestation of allocation ATOA
- Authorization to verify product ATV
- Upon successful verification and confirmation of the product, buyer conduct a dip test by SGS on sellers’ tanks on supplier expense in the facility.
- After a successful dip test buyer shall pay for product in tank via MT-103 wire transfer and seller begins transfer of product into buyer’s tanks.
- Seller pays intermediaries according to IMFPA/NCNDA latest 24 hours after the transaction.
- Upon completion of Trial transaction, the Seller shall issue the buyer with a draft sales and purchase agreement (SPA) for 12months supply
SHYMKENT OIL REFINERY LLP
- SHYMKENT, ENBEKSHI DISTRICT
- block No. 264, building 1
- BIN 050140004649
- BOLAT KUSHERBAYEV Vice-President, Capital Construction and External Affairs, Shymkent Oil Refinery
Posted in Fuel & Procedures