FRESH SGS REPORT AVAILABLE
DIP AND PAY PROCEDURE

JP54
Quantity-Spot Lift
2,000,000 Barrels
Price:- USD $21/$23 Per BBL

D6 Virgin Oil
Quantity-Spot Lift
200,000,000 Gallon
Price:- USD $0.42/0.44 Per Gallon


EN590
Quantity-Spot Lift
100,000 Metric Tons
Price:- USD240$ Gross, 230$ Net

1. Buyer issue ICPO address to refinery.
2. Refinery issues Commercial Invoice (CI) of the product in tanks at the port, Buyer sign and return Commercial Invoice along with an acceptance letter.
3. Refinery issues following FULL POP documents to Buyer.

4. Buyer conducts Dip Test on the product and makes the payment for the total value of product injected into the tanks through the means of MT103/TT
* Q&Q Report
* Injection Report
* Unconditional Dip Test Authorization Letter
* Authorization to Sell
* Fresh Update SGS Report
* Authorization to Verify physically the product in Seller’s Tank (ATV)

5. Refinery pays all intermediaries involved in the transaction and subsequently monthly shipments continue as per sales and purchase agreement contract between buyer and seller.


BLITZ-OIL
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