CIF PROCEDURE (QATAR REFINERY)

PRODUCT
CIF PROCEDURE (QATAR REFINERY)

DELIVERY PER MONTH : MIN QTY 50,000 MT PER MONTH
CONTRACT SHIPMENT 50,000 MT/MONTH X 12 MONTHS
DELIVERY TERMS : CIF ASWP
LOADING PORT : QATAR
DELIVERY PORT :
PRICE : USD TBA/MT (This price quoted subject to change by seller/refinery from time to time )
CONTRACT : 12 MONTHS WITH R&E
ORIGIN : QATAR
SPECIFICATION : AS ATTACHED OR BUYER’S SPECS
PAYMENT : SBLC / DLC AS
PAYMENT GUARANTEE : SBLC / DLC AS PAYMENT

AND MT103/TT AFTER DIP TEST FOR EACH SHIPMENT

STANDARD TRANSACTION PROCEDURES CIF

Buyer issues Irrevocable Corporate Purchase Order (ICPO) addressed to the Seller Refinery, along with company profile, buyer signatory’s passport copy. BCL or RWA letter as Proof of Funds (POF) letter should clearly indicate that the Buyer is ready, willing & able to execute the order and enables Seller Refinery to soft probe for counter checks.
Seller issues the draft SPA for buyer's review and signing upon completion of counter check on RWA letter.
Seller legalizes and registers the contracts with insurance company and notarize it with the appropriate. Authorities of the ministry of energy along with the below PPOP documents.
1. Product Quality Passport-Quality Certificate.
2. Certificate of Product Origin.
3. Product availability.
4. Commitment letter to supply the product from Ministry of Energy.
5. [ATSC].
1. Buyer’s bank issues MT199 to seller’s nominated bank informing readiness to issue agreed Financial Instrument (SBLC/DLC). Buyer’s bank in accordance with seller’s verbiage shall issue (SBLC/DLC) for first shipment’s value within six (6) working days after receiving the PPOP documents to seller’s financial bank to enable seller to commence loading of product with the shipping company. Seller is to finalize loading within twelve (12) working days upon receipt & acceptance of Financial Instrument.
2. But if buyer fails to issue the security guarantee (SBLC/DLC) within six (6) working days on time, as an alternative, a time extension for the security guarantee to be presented, buyer shall pay a range of $300,000.00 to $1,000,000.00 (subjective to the shipment value & at the sole discretion of the refinery) by MT103 to seller nominated company within seven (7) calendar days, which will be deducted from the product’s invoice value of product at destination port.
Not with standing the payment of the above penalties (which is deductible from final payment), Buyer is still required to present the SBLC/DLC within this seven (7) calendar days extension.
After confirmation of receipt of security guarantee/payment by seller’s bank, seller at own expense, charters with shipping/logistic company and alert buyer on shipment ordered graphic/schedule accompanied with submission of nominated Vessel details to buyer.
Seller’s bank responds with contractual operative 2% PB and full POP to buyer’s bank within Seventy - Two (72) hours since buyer’s instrument confirmed by seller’s bank
1. Copy of the Port Storage Agreement.
2. Copy of the CPA to Transport the Product to Discharge Port.
3. Vessel Q88.
4. Original BL (full set).
5. Copy of SGS Report.
Upon successful product confirmation against SGS/CIQ Report of Quality and Quantity at destination port, buyer makes payment by MT103/TT.

SPECIFICATION of
ULSD EN590 10 ppm Euro 5 Diesel

Property	Test method	Test Unit	Guarantee	Limit
Density at 15 0C		kg/m3		820-845
Polycyclic aromatic hydrocarbons	EN 12916	wt%	B	Max
Flash Point	EN 2719	0 C	>55
Cold Filter Plugging Point CFPP	EN 116	0 C
Winter Grade			-15	Max
Summer Grade			5	Max
Distillation	EN ISO 3405			Max
Recovered at 250C		Vol%	65	Max
Recovered at 350C		Vol%	85	Max
95% (Vol/Vol) Recovered at		0 C	360	Max
Sulphur	EN ISO 20846 EN ISO 20884	mg/kg	10	Max
Carbon Residue (on 10%residue)	EN ISO 10370	wt%	0.30	Max
Viscosity at 40C	EN ISO 3104	cst	2.0-4.5	Max
Copper Strip Corrosion (3h a5 50C)	EN ISO 2160	rating	No.1	Max
Fatty acid methyl ester(FAME) content	EN 14078	Vol%	7.0	Max
Cetane Number	EN ISO 5161 EN 15195		51	Min
Cetane Index	EN ISO 4264	calculated	46	Min
Water	EN ISO 1293	mg/kg	200	Max
Particulate Matte	EN 12662	mg/kg	24	Max
Oxidation Stability	EN ISO 12205 EN 15751	g/m3 h	25 20	Max Min
Lubricity (wsd1,4) at 60C	EN ISO 12156/1	um	450	Max