SCO for PTK CIF — EN590, JetA1, D6, LNG & Gasoline 87,89,91,93,95,97 Octanes

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SCO for PTK CIF — EN590, JetA1, D6, LNG & Gasoline 87,89,91,93,95,97 Octanes

The CIF Procedures listed on the bottom half of this page can be used for any of the products listed at the top half of the page.
All products listed above originate from Non-Sanctioned, Non-Russian Kazakhstan sources.

  • Origin: Non-Sanctioned, Non-Russian Kazakhstan Standard
  • Port – Incoterm: CIF – Any Safe World Port (ASWP)
  • Inspection: SGS or equivalent
  • Payment: MT-103 / TT within 24 hours after successful Dip Test (where applicable)
  • https://en.wikipedia.org/wiki/PetroKazakhstan

We inform you that we are ready, willing, and able to sell the following product/s:

Product EN590 & ULSD

Trial Lift ready to sell (included in the contract) 50,000 Metric Tons
Quantity Annual Contract 500,000 Metric Tons per month with R&E
CIF Price US$460/MT
Commissions included.

Product Jet A1

Trial Lift ready to sell (included in the contract) 500,000 to 1,000,000 barrels
Quantity Annual Contract Up to 8,000,000 barrels per month with R&E
CIF Price US$70/BBL
$1 seller side (closed) / $1 buyer side.

Product D6

Trial Lift ready to sell (included in the contract) 25,000,000 to 50,000,000 gallons
Quantity Annual Contract Up to 400,000,000 gallons per month with R&E
CIF Price US$0.98/gallon
Commissions included.

Product LNG

Trial Lift ready to sell (included in the contract) 50,000 to 100,000 Metric Tons
Quantity Annual Contract 500,000 Metric Tons per month with R&E
CIF Price US$340/MT
Commissions included.

Product Gasoline 87-97 Octanes

Trial Lift ready to sell (included in the contract) 50,000 Metric Tons
Quantity Annual Contract Up to 500,000 Metric Tons per month with R&E
CIF Price US$340/MT (87, 89, 91 Octane)
US$370/MT (93, 95, 97 Octane)
Commissions included.

CIF PROCEDURE 1: FUEL STANDARD BANKING PROCEDURE

  1. Buyer issues ICPO along with Buyer’s company registration certificate.
  2. Seller issues Sale & Purchase Agreement (SPA). Buyer reviews, amends (if necessary), signs, and returns the SPA in WORD format to Seller within seven (7) banking days along with buyer’s Client Information Sheet (CIS), stating the exact bank issuing the Financial Instrument and the Financial Instrument issuer’s Client Information Sheet (CIS) “if different from the buyer’s company name.” Seller sends Final Approved SPA to Buyer in PDF Format along with the Proforma Invoice for buyer’s issuance of SBLC MT760 / DLC MT700 pre-advice or Ready, Willing and Able (RWA) MT999/199/799 to Seller’s fiduciary bank confirming their readiness and capability to execute the transaction.
  3. Buyer sends swift copy of their issued SBLC MT760 / DLC MT700 pre-advice or Ready, Willing and Able (RWA) MT999/199/799 to Seller’s fiduciary bank. Upon confirmation, Seller issues to Buyer via email the following transaction documents (Partial POP):
    • Unconditional Commitment to Supply.
    • Certificate of Analysis (COA) also known as Product Passport.
    • Statement of Product Availability.
    • Commercial Invoice for the total 1st shipment product value.
  4. Within seven (7) banking days, Buyer’s bank in accordance with seller’s verbiage issues swift fully funded SBLC MT760 or DLC MT700 to Seller’s fiduciary bank account to cover the 1st shipment total product value and sends swift copies to Seller to enable seller commence loading of product with the shipping company. Seller’s bank issues 2% PB to Buyer’s bank to activate Buyer’s financial instrument within seven (7) days.
  5. Upon Seller’s bank successful exchange of instrument method with buyer’s bank or REFUNDABLE / DEDUCTIBLE Security Guarantee Deposit/Payment of 3% of the total 1st shipment product value via T/T Wire to seller’s fiduciary bank, Seller shall finalize loading within five to seven (5 to 7) working days. Seller invites buyer for visitation to witness the final inspection and TTM for negotiation of future transactions (Optional to Buyer). Seller loads product within six (6) international working days, signs NCNDA/IMFPA between all intermediaries involved with the notarized copy sent to Seller’s bank and registers & legalizes the contract and sends to Buyer the following Full POP Document by swift via bank to bank and a copy via email to buyer and representative. Seller sends one full set of original POP documents to our authorized Customs Clearance agent at destination port and sends one full set of copies of the POP documents to the Buyer’s address via DHL or FedEx, expedited (overnight) service and provides tracking numbers. (17 sets below):
    • Copy of the Charter Party Agreement(s) to Transport the Product to Discharge Port.
    • Act of Transfer/Change of Ownership Title.
    • Certificate of Incorporation.
    • Registered & Legalized Contract.
    • Allocation Title Ownership Certificate.
    • Copy of License to Export.
    • Copy of Approval to Export.
    • Port Storage Tank Agreement.
    • Tank Receipt
    • Certificate of Origin
    • Notice of Readiness (NOR)
    • SGS/Saybolt Certificate of Quality and Quantity, One (1) Original and three (3) copies.
    • Cargo Manifest
    • Vessel Ullage report
    • Vessel Questionnaire 88.
    • Bill of Lading
    • Estimated Time of Arrival (ETA)
  6. Buyer notifies seller by official written notice of his bank receiving seller’s POP documents. Shipment commences as per contract schedule and product is shipped to buyer’s designated discharge port and upon arrival of the cargo at the discharge port, buyer’s inspection team carries out CIQ, SGS or equivalent inspection to ascertain quality and quantity.
  7. Product is discharged into buyer’s destination port/storage facility after successful inspection, Buyer release payment via swift fund transfer MT103/TT within 3 to 5 banking days to Seller for total shipment value after discharge of product at destination port/storage facility and receipt of the entire relevant shipping documents. Seller within 48 hours pays the intermediaries involved according to signed & notarized NCNDA/IMFPA. Second and succeeding shipments continue.

NOTE: If due to any reason buyer can’t issue the SBLC MT760 / DLC MT700 pre-advise or RWA MT999/199/799 in procedure #2, buyer is to request for the Commercial Invoice for the direct issuance of SBLC MT760 or DLC MT700 immediately after signing of the Contract. Meanwhile, the alternate solution to all is to request for invoice and make a REFUNDABLE/DEDUCTIBLE 3% security guarantee deposit of the total 1st shipment value via T/T Wire Transfer after signing of the contract. Upon confirmation, Seller will proceed straight into shipment and furnish buyer with the FULL POP Documents via bank to bank. The Duration of the financial instrument issuance must be more than 366 days.

CIF PROCEDURE 2: ANY SAFE WORLD PORT

  1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) addressed to the Seller Refinery along with scanned copy of the buyer’s passport.
  2. Supplier verifies Buyer Irrevocable Corporate Purchase Order and issues Commercial Invoice for the First_trial Shipment. Note: Sales & Purchase Agreement will be jointly signed after the Trial Shipment.
  3. Upon buyer endorsement of the Commercial Invoice, Seller sends the below Documents to buyer.
    • Charter Party Agreement.
    • Product Quality Passport
    • Commitment to supply.
    • Statement of Availability of the Product.
  4. Seller and Buyer proceed to endorse the Charter Party Agreement (CPA) document with the Shipping Company and both jointly bear the charges for the shipment.
  5. After the shipment charges have been met by both the Seller and the Buyer, Seller issues the following Proof of Product documents along with assurance delivery letter:
    • Attestation of Allocation.
    • Allocation Transaction Passport Code Certificate.
    • Copy of statement Availability of the Product.
    • Copy of the refinery commitment to supply the product.
    • Copy of port storage agreement
    • Copy of the Charter Party Agreement
    • Copy of the Product Passport
    • SGS Report
    • Bill of Lading
    • Vessel Questionnaire 88.
    • Tank Receipt
    • Certificate of Origin
    • Certificate of Inspection
    • Notice of Readiness
    • Net Weight
    • Full Packing List
    • Cargo Manifest
    • DTA and ATV
  6. Buyer responds by issuing Irrevocable Non-Transferable Letter of Credit (MT760) SBLC or Letter of Credit (LC).
  7. Shipment will commence according to terms and conditions of the Contract and accordingly to the agreed Delivery Schedule.
  8. Buyer’s bank releases payment of the product via MT103 upon the arrival of the cargo at the discharge port and successful report of SGS Inspection at discharge port.
  9. Supplier bank releases the commission to all representatives and intermediaries according to signed NCNDA/IMFPA.

CIF PROCEDURE 3: ANY SAFE WORLD PORT

  1. Buyer confirms soft corporate offer and issues ICPO according to Seller’s SCO procedure & terms.
  2. Seller confirms ICPO and issues draft contract for Buyer signatory. Buyer signs & seals contract and returns it to Seller for acceptance and final signatures.
  3. Seller bears the cost to register, endorse, and legalize contract with the Ministry of Energy. Seller issues a payment Invoice to the Buyer for the cost of the Product Transfer Certificate (PTC). This payment also covers 50 % of the CPA charges to certify the Buyer as the product title holder for the delivery quantity.
  4. Upon confirmation of the Buyer payment, Seller sends the POP documents below to the Buyer via email, along with an NCNDA/IMFPA to be signed by all intermediaries with the commission structure involved in the transaction. Hard Copies are sent via courier service:
    • SGS Report
    • Product Passport (quality and quantity).
    • Copy of Product Transfer Certificate.
    • Copy of warehouse agreement.
    • Commitment letter to supply
  5. Seller finalizes shipment schedules with the shipping company with notice of readiness and approval for delivering the commodity to the Buyer’s discharge port.
  6. The Buyer’s bank issues a bank instrument via DLC-MT700 for the value of the first shipment to the Seller’s nominated fiduciary bank in a format acceptable to Seller’s bank within 7 banking days to enable the Seller to commence transfer/loading of the product with the shipping company. Seller then releases the POP documents below after loading via a bank-to-bank SWIFT within five (5) working days to allow Buyer to activate its DLC-MT700 for the value of goods:
    • Copy of Product Certificate of Origin.
    • Copy of statement of availability of product.
    • Copy of export license approval.
    • Copy of warehouse agreement.
    • Copy of Vessel Questionnaire 88.
    • Copy of Charter Party Agreement with the shipping company.
    • Copy of assignment of ownership document.
    • Fresh cut SGS Report/Dip Test letter.
  7. Buyer or Buyer’s representative visits the loading port to witness product inspection at the Port facility. Lifting starts and Buyer releases payment to Seller via swift DLC payment instrument, four (4) days from discharging the entire cargo from the destination port, along with confirmation of the relevant shipping documents from both the loading and discharge ports.
  8. Seller pays all the intermediaries involved in the transaction 24 hours after confirmation of the Buyer payment for the initial lift and all subsequent lifts.
  9. If the Seller commits a material breach of the contractual provisions in the agreement and/or fails to meet the delivery obligations in Article 05 of the SPA, the Buyer will be entitled to a claim of the Performance Bond (PB) immediately.

CIF PROCEDURE 4: NON-FUEL STANDARD BANKING PROCEDURE

  1. Buyer issues ICPO along with Buyer’s company registration certificate.
  2. Seller issues Sale & Purchase Agreement (SPA). Buyer reviews, amends (if necessary), signs, and returns the SPA in WORD format to Seller within seven (7) banking days along with buyer’s Client Information Sheet (CIS), stating the exact bank issuing the Financial Instrument and the Financial Instrument issuer’s Client Information Sheet (CIS) “if different from the buyer’s company name.” Seller sends Final Approved SPA to Buyer in PDF Format along with the Proforma Invoice for buyer’s issuance of SBLC MT760 / DLC MT700 pre-advice or Ready, Willing and Able (RWA) MT999/199/799 to Seller’s fiduciary bank confirming their readiness and capability to execute the transaction.
  3. Buyer sends swift copy of their issued SBLC MT760 / DLC MT700 pre-advice or Ready, Willing and Able (RWA) MT999/199/799 to Seller’s fiduciary bank. Upon confirmation, Seller issues to Buyer via email the following transaction documents (Partial POP):
    • Unconditional Commitment to Supply.
    • Certificate of Analysis (COA) also known as Product Passport.
    • Statement of Product Availability.
    • Commercial Invoice for the total 1st shipment product value.
  4. Within seven (7) banking days, Buyer’s bank in accordance with seller’s verbiage issues swift fully funded SBLC MT760 or DLC MT700 to Seller’s fiduciary bank account to cover the 1st shipment total product value and sends swift copies to Seller to enable seller commence loading of product with the shipping company. Seller’s bank issues 2% PB to Buyer’s bank to activate Buyer’s financial instrument within seven (7) days.
  5. NOTE: If due to any reason buyer can’t issue the SBLC MT760 / DLC MT700 pre-advise or RWA MT999/199/799 in procedure #2, buyer is to request for the Commercial Invoice for the direct issuance of SBLC MT760 or DLC MT700 immediately after signing of the Contract. Meanwhile, the alternate solution to all is to request for invoice and make a REFUNDABLE / DEDUCTIBLE 3% security guarantee deposit of the total 1st shipment value via T/T Wire Transfer after signing of the contract. Upon confirmation, Seller will proceed straight into shipment and furnish buyer with the FULL POP Documents via bank to bank. The Duration of the financial instrument issuance must be more than 366 days.
  6. Upon Seller’s bank successful exchange of instrument method with buyer’s bank or REFUNDABLE / DEDUCTIBLE Security Guarantee Deposit/Payment of 3% of the total 1st shipment product value via T/T Wire to seller’s fiduciary bank, Seller shall finalize loading within five to seven (5 to 7) working days. Seller invites buyer for visitation to witness the final inspection and TTM for negotiation of future transactions (Optional to Buyer). Seller loads product within six (6) international working days, signs NCNDA/IMFPA between all intermediaries involved with the notarized copy sent to Seller’s bank and registers & legalizes the contract and sends to Buyer the following Full POP Document by swift via bank to bank and a copy via email to buyer and representative. Seller sends one full set of original POP documents to our authorized Customs Clearance agent at destination port and sends one full set of copies of the POP documents to the Buyer’s address via DHL or FedEx, expedited (overnight) service and provides tracking numbers. (14 sets below):
    • Charter Party Agreement to transport the product to discharge port.
    • Allocation Title Ownership Certificate.
    • Product Export Allocation Permit.
    • Trans-Neft Contract to transport the product to the loading port.
    • Port storage agreement.
    • Certificate of origin and customs declaration.
    • Certificate of Weight and Quality.
    • Certificate of Health Certificates of products
    • All of Inspection Reports of the Product in accordance with CCIC’s Requirement.
    • Certificate of Weight and Quality.
    • Packing List.
    • SGS Quality and Quantity Certificate.
    • Bill of Lading.
    • Vessel Questionnaire 88.
  7. The SGS inspection charges shall be borne by the Seller at the loading port.
  8. Loading & Shipment of product commences as per schedule. Upon Vessel’s arrival and finalization of SGS at the destination port, Buyer releases payment via swift fund transfer within 15 banking days to Seller for total shipment value after the discharge of product at destination port and receipt of the entire relevant shipping and export documents. Seller within 48 hours pays the intermediaries involved according to signed & notarized NCNDA/IMFPA.

TERMS AND CONDITIONS

  • Fuel Origin: Non-Sanctioned, Non-Russian Kazakhstan Standard
  • Delivery Ports: Any Safe World Port (ASWP)
  • Incoterms: CIF
  • Inspection: SGS or equivalent
  • Payment: MT-103 / TT, within 24 hours after successful Dip Test (where applicable)
  • Prices: Subject to change without notice. See product-specific prices above
  • Procedures: Seller Procedures Only, Non-Negotiable
  • Insurance: By Seller Covering 110% of the Shipment Value
  • Fuel Availability: Fuels on this SCO are always available. Your CI serves as your formal allocation guarantee.

NOTE ON THE USE OF FIDUCIARY RECEIVERS

Sanction policies, along with their effects on International Banking practices, have dramatically affected the availability of funds when using foreign wire transfers. To facilitate timely transactions, our sellers will use regionally based fiduciary receivers rather than have funds sent directly to the refineries.

UNDERSTANDING FUEL PRODUCER PROCEDURES DOCUMENT

ICPO SUBMISSION POLICY AS OF 1/1/2025

Before processing a new order with our sellers, the buyer and buyer mandate (if applicable) must sign the Understanding Fuel Producer Procedures Document accompanying the Soft Corporate Offer (SCO). They must also provide Proof of Funds (POF) sufficient to cover storage or tank extension requirements for the chosen procedure.

Potential Buyers need to understand what these Sellers are looking for from a Buyer BEFORE engaging in any transaction. This will ensure a successful lift and minimize the possibility of failure.

  1. Pricing is “refinery direct” and is not connected to Platts, which is based upon “traders”‘ prices.
  2. These refineries have been in business for years (one since 1949) and have delivered fuels of all types for decades, successfully.
  3. Manufacturers have a massive investment in their fuels through refining, transporting, and storing them at the major ports around the world, so they expect Buyers to make a similar investment prior to transferring fuel to them.
  4. Thus, manufacturers do NOT PROVIDE PROOF OF PRODUCT (POP) FOR FREE. Buyers must demonstrate an INVESTMENT in the ability to RECEIVE fuel prior to receiving POP in a transaction, REGARDLESS OF PROCEDURE.
  5. These investments are generally paid to 3rd party logistics providers and NOT to the manufacturers themselves, unless the procedure calls for a Tank Extension. Manufacturers generally take no fees and only make money by SELLING FUEL.
  6. This policy favors Buyers with currently rented tanks, which is a de facto demonstration of an investment in the ability to receive fuel once POP is approved.
  7. Manufacturers’ Procedures CANNOT be changed in any way. DO NOT ATTEMPT to negotiate the Procedure once a transaction starts. This will ONLY lead to cancellation.
  8. If you EXPECT problems during a transaction, you will certainly find one. This will terminate an otherwise good transaction. Complete your due diligence in advance.

Procedures are like train tracks. If you stay on the rails, you get to your destination. If you go OFF them, you become a train wreck. Avoid becoming a train wreck.

Finally: An ICPO is an ORDER. It is NOT an opportunity to NEGOTIATE the Procedure. Do not substitute Logistics Companies in the middle of a transaction, this is a RED FLAG. It is assumed that you have completed your due diligence to ensure you are ready for the transaction. Ensure you understand what is required to receive your POP at the appropriate time, as indicated by the procedures.

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