Fuels Procedures

Procedures Available for Buyers

Buyers can choose from the following procedures to proceed with their order:
Realistic Markup Commission Is Allowed.
For Updated and Actual Prices Contact us. These below mentioned prices are for refernce Only.

Seller-1

SOFT CORPORATE OFFER

We, Hyvnd Industries-A Division of Hyvnd Holdings Pvt Ltd, an international Trading Company and on behalf of our Refineries/End-Sellers, hereby confirm the availability and/or capability to sell the below-mentioned products based on immediate SPOT and rollover. The supplies are guaranteed to meet the international standard specifications.

Commodity                    :               EN590 10PPM

Origin                               :               Turkmenistan/Poland

Quality                             :                As per International Export Standard /Quality

Quantity                          :               100,000 Metric Tons Minimum Trial Shipment Up to                                                                      500,000 Metric Tons x 12 months contract with R&E

Delivery Terms               :               F.OB. – Tank to Tank/Tank-to-Vessel Injection

Loading Port                   :                Rotterdam, Fujairah, Jurong Port

F.O.B. Price                      :                U.S. $540.00 per MT GROSS / U.S. $530.00 per MT NET

Payment Terms              :               SWIFT MT 103

Inspection                       :               SGS or any internationally accepted inspection agency

Commission                    :               Seller Side 50% (Closed) Buyer Side 50%

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NON-NEGOTIABLE F.O.B. PROCEDURE (SAR – TANK-TO-TANK INJECTION #1)

 1. Buyer issues: ICPO with Buyer’s Passport, banking details and company registration, Tank Storage Agreement (TSA)

2. Seller issues Commercial Invoice, Buyer signs and returns back to Seller for countersigning.

3. After complete verification of the Tank Storage Agreement (TSA) by the Seller Company, Buyer contacts their tank farm to arrange invoice for Seller to pay for 3 days storage lease to Buyer’s tank Storage Company to confirm Seller’s readiness towards the transaction.

4. Upon receipt of payment for 3 days storage lease by the Buyer’s tank Storage Company, the Buyer makes payment for an additional 3 days storage lease to complete the 6-day TSR. The Seller and Buyer representatives signs the NCNDA/IMFPA.

1. Seller transfers product allocation to buyer and releases the following documents to Buyer:
   1. Product Passport
   2. Certificate of Origin
   3. Authority to Sell and Collect
   4. Injection schedule along with the NOR (Notice of readiness) to commence the injection of the product in buyer’s tanks and Injection commences as per agreed SPOT Lift Quantity
2. Upon Completion of Injection, Seller releases the following documents to Buyer: Injection Report
   1. Recent SGS Quality Survey
   2. Dip Test Authorization
3. Buyer proceeds with inspection of product with SGS agent in his own tanks. Upon Buyer’s successful Q&Q dip test on the product, Buyer makes the payment for the Total Value of the product injected into the Tanks by TT/MT103.
4. Seller releases to Buyer the product Title Ownership documents and Buyer lifts the product with his vessel Tanker.
5. Seller pays intermediaries as per NCNDA/IMFPA.

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NON-NEGOTIABLE F.O.B. PROCEDURE (SAR – TANK-TO-TANK INJECTION #2)

1. Buyer issues ICPO with Buyer’s Passport, banking details and company registration, Tank Storage Agreement (TSA)
2. Seller issues Commercial Invoice, Buyer signs and returns back to Seller for countersigning.
3. Seller releases Inspection Approval Letter to Buyer to be signed by the Buyer and the Buyer’s tank farm. All parties’ signs NCNDA.
4. Upon receipt of the signed Inspection Approval Letter from Buyer’s Tank Farm, Seller issues the below documents to Buyer:
   1. Quantity and Quality Certificate (SGS) 48hrs fresh
   2. Tank Storage Receipt (TSR)
   3. Certificate of Origin
   4. Product Passport (Dip Test Result)
   5. Statement of Product Availability
   6. Refinery Commitment to Supply
   7. Authorization to Sell/Collect (ATSC)
   8. Injection Report
   9. Dip Test Authorization (DTA)
5. Upon successful verification of documents by the Buyer, Seller & Buyer’s representative and the SGS Team meets at Seller’s tank storage for dip test on the product and presentation of the hard copy Proof of Product documents to buyer representatives face to face.
6. Upon confirmation of product Q&Q, Seller seals the tanks in buyer’s name for 10 days, Buyer pay for product by MT103/ TT and Seller immediately begins injection into Buyers’ tank storage.
7. Seller pays all intermediaries according to the signed NCNDA/IMFPA for monthly deliveries.

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NON-NEGOTIABLE F.O.B. PROCEDURE (SAR – TANK-TO-TANK INJECTION #3)

1. Buyer issues ICPO with Buyer’s Passport, banking details and company registratio, Tank Storage Agreement (TSA)
2. Seller issues Commercial Invoice, Buyer signs and returns back to Seller for countersigning.
3. Seller issues Non-Disclosure Agreement for signatory by the Buyer, Buyer’s tank farm and Seller. Seller present product Injection Report and SGS report (quality and quantity) to Buyer’s tank farm.  Upon verification of Injection Report & SGS report by Buyer’s tank farm, Buyer contacts their tank farm to secure their storage space (TSR).
4. Seller issues Injection Programming Agreement (IPA) to the buyer to be signed by the Buyer and Buyer’s tank farm company.
5. Seller transfers product allocation to Buyer and releases the following documents to Buyer:
   1. Product Passport
   2. Certificate of Origin
   3. Authorization to Sell/Collect (ATSC).
   4. Unconditional Dip Test Authorization (UDTA)
   5. Injection schedule along with the NOR (Notice of readiness) to commence the injection of the product in Buyer’s tank and injection commences as per agreed SPOT Lift Quantity.
6. Buyer conducts dip test on product and the Seller commences injection into the Buyer’s tank storage space. Seller releases the following documents to Buyer: Injection Report
7. Recent SGS Quality Survey
8. Buyer proceeds with inspection of product with SGS agent in his own tanks. Upon Buyer’s successful Q&Q dip test on the product in his own tanks, Buyer makes the payment for the total value of the product injected into the tanks by TT/MT103.
9. Seller releases to the Buyer the product Title Ownership documents and Seller pays all intermediaries according to the signed NCNDA/IMFPA.

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NON-NEGOTIABLE F.O.B. PROCEDURE (SPAC – TANK-TO-TANK INJECTION #4)

1. Buyer accepts Seller’s working procedure and issues Irrevocable Corporate Purchase Order (ICPO) with attached copy of Buyer authorized signatory’s data page of passport, full banking details and company registration certificate.
2. Seller issues Commercial Invoice (CI). Buyer signs, seals and returns back Commercial Invoice and Tank Storage Agreement (TSA).
3. Seller provides Buyer with the below listed PPOP:
   1. Product Passport (product analysis report)
   2. Irrevocable Commitment Letter to Supplier
   3. Statement of Product Availability
   4. Tank to Tank Injection Agreement (TTTIA) to be signed by Buyer’s tank farm Seller provides Buyer with:
   5. SGS Report
   6. Injection Report
   7. Tank Storage Receipt (TSR)
   8. Unconditional Dip Test Authorization (UDTA)
4. (NCNDA/IMFPA) will be signed. Buyer, within 24 hours after successful dip test in Seller’s tanks, provide Tank Storage Receipt (TSR).  Seller proceeds for tank-to-tank injection and provide Buyer with the injection report of the product into Buyer’s tanks.
5. Buyer makes payment for total cost of product injected into Buyer’s tanks via SWIFT MT103, Seller transfers title ownership to Buyer with all exportation documents required of Buyer for the transaction.
6. Upon conclusion of first lift transaction, Seller pays all intermediaries involved in the transaction and proceeds with the signing of contract with Buyer.

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NON-NEGOTIABLE F.O.B. PROCEDURE (TANK-TO-VESSEL INJECTION #1)

4. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with attached passport data page of Buyer’s authorized signatory, full banking details and company registration certificate alongside Buyer’s Corporate Profile and Charter Party Agreement for verification.
5. Seller issues to Buyer Commercial Invoice of the product in the Seller’s tanks at the port to the Buyer. Buyer reviews, signs, seals and returns the Commercial Invoice to Seller.
6. Seller submits a 48-hour old copy of fresh SGS Report to buyer logistic Company in that particular FOB port for verification of the SGS report with SGS office in that port.
7. Upon confirmation of SGS Report by Buyer’s logistics company in the port, Buyer immediately provides an Authorization to Inject (ATI) from their logistics company to Seller.
8. Seller injects product into buyer’s vessel and issues following POP documents to the Buyer:
   1. Q&Q analysis report done by Indigenous Lab at the port of Origin
   2. Full Injection report
   3. ATV / UDTA
   4. Copy of product Certificate of Origin
   5. Copy of product Export License to port
   6. Allocation transfer Certificate
   7. Authority to sell and collect (ATSC)
9. Buyer conducts Dip test on the product at Buyer’s cost for reconfirmation.
10. Upon confirmation of the SGS test by the buyer for quantity and quality, the Buyer makes 100% payment via MT103 for the total value of the injected product into the Buyer’s vessel.
11. Seller pays all intermediaries involved via NCNDA/IMPFA and subsequent monthly shipments continue as per terms and conditions of the Sales and Purchase Agreement contract between the Buyer and Seller.

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NON-NEGOTIABLE F.O.B. PROCEDURE (TANK-TO-VESSEL INJECTION #2)

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) containing the Seller’s procedure with attached passport data page of Buyer’s authorized signatory, full banking details and company registration certificate alongside Buyer’s Corporate Profile and Charter Party Agreement for verification.
2. Seller issues Commercial Invoice (CI) for the available product in Seller’s tank at the Port for Buyer’s review. Buyer signs, seals and returns CI within three (3) international working days.
3. Seller issues to buyer Tank-To-Vessel Injection Agreement (TTVIA) to be endorsed by both Seller, Buyer and Buyer’s shipping Company.
4. Seller issues injection schedule to be signed and sealed by Buyer and Buyer’s Logistic Shipping Company.
5. Upon confirmation of the signed and sealed injection schedule from Buyer and Buyer’s logistic company with (ATV) letter, Seller releases the below POP documents directly to end Buyer’s secure e-mail:
   1. Fresh SGS (Not older than 48 hours)
   2. Legalized Commercial Invoice
   3. Commitment To Supply
   4. Injection Report
   5. ATS – Authorization To Sell & Collect
   6. Authorization To Verify (ATV)
   7. Dip Test Authorization (DTA)
   8. Export License
   9. Statement Of Product Availability
   10. Tank Storage Receipt (TSR) with barcode and GPS coordinates
   11. NCNDA/IMFPA
6. Buyer conducts Dip Test in the product in the Seller’s reservoir at Buyer’s expense.
7. Buyer provides Authorization to Inject (ATI) from Buyer’s logistics company to enable Seller commence injection of product into the Buyer’s vessel tank.
8. Within Twenty-Four (24) hours upon completion of the injection, Buyer makes payment for the total cost of the product injected into Buyer’s vessel by SWIFT MT-103/TT Wire transfer to Seller’s nominated bank account. Seller issues Certificate of Ownership to Buyer along with the submission of other export documents.
9. Seller pays all intermediaries involved via NCNDA/IMPFA and subsequent monthly shipments continue as per terms and conditions of the Sales and Purchase Agreement contract between the Buyer and Seller.

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It is IMPERATIVE that the Buyer’s Tank Storage Agreement (TSA) or Charter Party Agreement (CPA) be submitted to the Seller first for verification and approval prior to the issuance of the Irrevocable Corporate Purchase Order (ICPO).

The ICPO must be in Buyer’s company letterhead with authorized signatory and stamp. It should also contain the price and the verbatim non-negotiable procedures stated on this Soft Corporate Offer. It is mandatory that the document carries the Buyer’s bank details including bank officer’s contact information. The names and positions of the Company representative signing the ICPO must be clearly indicated. Otherwise, the document has no legal value; the documents must be fresh (recent date – the most 1-3 days old max.)

The letterhead of the Company requesting the commodity must correspond to the Bank Account Holder on the banking information provided.

We look forward to a successful business relationship with your esteemed company.

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Seller -2

 SOFT CORPORATE OFFER

We, Hyvnd Industries-A Division of Hyvnd Holdings Pvt Ltd, an international Trading Company and on behalf of our Refineries/End-Sellers, hereby confirm the availability and/or capability to sell the below-mentioned products based on immediate SPOT and rollover. The supplies are guaranteed to meet the international standard specifications.

Commodity                           :     EN590 10PPM

Origin                                      :     Netherlands

Quality                                    :      As per International Export Standard /Quality

Quantity                                 :      100,000 Metric Tons Minimum Trial Shipment                                                                                Up to 500,000 Metric Tons x 12 months contract with R&E

Delivery Terms                         :      F.OB. – Tank to Tank/Tank-to- Vessel Injection

Loading Port                           :      Rotterdam, Fujairah, Jurong Port

F.O.B. Price                              :       U.S. $570.00 per MT GROSS / U.S. $560.00 per MT NET

Payment Terms                      :      SWIFT MT 103

Inspection                                :     SGS or any internationally accepted inspection agency

Commission                            :      Seller Side 50% (Closed) Buyer Side 50%

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NON-NEGOTIABLE F.O.B. PROCEDURE (TANK-TO-TANK INJECTION) 

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with attached passport copy of the authorized signatory, banking details and company registration Certificate along with their Tank Storage Agreement (TSA) for Seller’s approval.

2. Seller issues Draft Commercial Invoice. Buyer signs, seals and returns to Seller.

3. Seller issues a copy of SGS report to the Buyer’s Tank Farm to verify product in Seller’s tank reservoir & SGS report, along with Confidential Non-Disclosure Agreement (NDA).

4. Upon successful verification of SGS & product by the Buyer’s tank farm, buyer pays his tank farm for 2 days and seller pays for 3 days.

5. Seller provides buyer with FUL POP documents:
   1. Fresh SGS Report less than 48 hours
   2. Dip Test Authorization-Unconditional
   3. Injection Report
   4. Tank Storage Receipt with GPS Coordinates
   5. Tank Farm Bar-code Information
   6. Letter of Commitment to Supply
   7. Registration Certificate & Export License Copy
   8. Authority to Sell & Collect (ATSC)
   9. Endorsed Injection Schedule by the buyer & buyer Tank Farm
   10. ATV-For Physical Verification
   11. Irrevocable Commitment to Supply for Spot and 12 months Contract
   12. Injection Schedule to be signed by Buyer & Buyer’s tank farm

6. Buyer conducts Dip-Test in Seller’s tank, via SGS on Buyer’s cost. Seller injects the fuel to Buyer’s tank and Buyer makes payment based on Q&Q by MT103 Wire Transfer/TT according to the final Commercial Invoice.

7. Seller transfers the title of ownership as per Buyer’s instruction. Buyer lifts the product.
8. Seller pays all intermediaries involved in the transaction and subsequently monthly contract shipment continues as per terms and conditions of the Sales and Purchase Agreement contract between Buyer and Seller.

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F.OB. NON-NEGOTIABLE PROCEDURE  (TANK-TO-VESSEL INJECTION #1)

1. Buyer confirms Seller’s Soft/Full Corporate Offer and issues Irrevocable Corporate Purchase Order (ICPO) with attached passport copy of the authorized signatory, banking details and company registration Certificate along their with Charter Party Agreement (CPA) for Seller’s approval.

2. Seller issues commercial invoice (C.I.) for the available quantity in the Seller’s storage tank. Buyer signs, seals and returns C.I. to Seller.

3. Seller issues the following PPOP documents to Buyer:
   1. Vessel Ullage Report
   2. Authorization to Sell & Collect (ATSC).
   3. Bill of Lading (BOL)
   4. DIP TEST AUTHORIZATION (DTA) to be endorsed by all parties to include Seller, Buyer and Buyer’s logistic company, for vessel anchorage permission by the port authority.

4. Upon receipt of endorsed DIP TEST AUTHORIZATION (DTA), Seller provides Fresh SGS Report, Loading Port Tank Storage Receipt and opens communication with SGS office & Storage provider for immediate Dip Test of the product.

5. Buyer books the SGS to conduct a Dip Test on Seller’s storage tank, and Buyer pays SGS from his account for all the SGS charges for inspection and provides Q&Q reports in full.

6. Buyer will provide a copy of the Q&Q reports to the Seller free of charge. Buyer provides vessel details to Seller after performing Dip Test by SGS on his account, and then Seller commences injection to Buyer’s vessel.

7. Within 24 hours, Buyer makes full payment via SWIFT MT-103/ TT Wire Transfer payment to Seller. Seller changes the title of ownership to Buyer while receiving the total amount.

8. Seller pays all intermediaries involved in the transaction. Subsequent monthly shipment continues as per terms and conditions of the Commercial Invoice, and extension of the transaction by issuing twelve (12) months contract to the Buyer.

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F.O.B. NON-NEGOTIABLE PROCEDURE (TANK-TO-VESSEL INJECTION #2) 

1. Buyer confirms Seller’s Soft/Full Corporate Offer and issues Irrevocable Corporate Purchase Order (ICPO) with attached passport copy of the authorized signatory, banking details and company registration Certificate along their with Charter Party Agreement (CPA) for Seller’s approval.

2. Seller issues commercial invoice (C.I.) for the available quantity in the Seller’s storage tank. Buyer signs, seals and returns C.I. to Seller.

3. Seller provides the following Partial Proof of Product (PPOP) documents to Buyer:
   1. Tank Storage Reservoir Receipt (TSR)
   2. Product Passport Report
   3. Title Transfer Affidavit document
   4. Certificate of origin
   5. DTA (to be endorsed by Buyer and Buyer’s shipping company to program dip test on Seller’s tank)

4. Buyer conducts the quality and quantity SGS inspection. Upon the satisfactory dip-test report, Buyer pays the Seller for the total cost of the product.

5. Seller transfers title to Buyer and injects the product into Buyer’s reservoir or vessel. Necessary documents like the Irrevocable Paymaster Agreement (IPA) or Tank to Vessel injection agreement (TTVIA) is signed by the Seller and Buyer before pumping.

6. Seller pays commissions to all intermediaries within 48 hours after receiving payment from Buyer. 

7. Seller and Buyer sign a contract for a 12-month shipment via a Sales and Purchase Agreement.

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It is IMPERATIVE that the Buyer’s Tank Storage Agreement (TSA) or Charter Party Agreement

(CPA) be submitted to the Seller first for verification prior to the issuance of the Irrevocable Corporate Purchase Order (ICPO).   Please refer to ANNEX A for the list of recommended logistics companies by the Seller.  Furthermore, Seller does not accept any CPA from Asian Shipping companies or Shipbrokers.  Seller prefers CPA’s coming from shipping companies (not shipbrokers) from Netherlands, Europe or U.S.A.

The ICPO must be in Buyer’s company letterhead with authorized signatory and stamp. It should also contain the price and the verbatim non-negotiable procedures stated on this Soft Corporate Offer. It is mandatory that the document carries the Buyer’s bank details including bank officer’s contact information. The names and positions of the Company representative signing the ICPO must be clearly indicated. Otherwise, the document has no legal value; the documents must be fresh (recent date – the most 1-3 days old max.)

The letterhead of the Company requesting the commodity must correspond to the Bank Account Holder on the banking information provided.

We look forward to a successful business relationship with your esteemed company.

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