To
The Seller or stockholder of EN590 -10 PPM

Subject: Request for Quotation (RFQ) for Bulk Purchase of EN 590 on FOB Basis

Dear Sir/Madam,
We Ametheus Commodities Pvt Ltd., a company incorporated in India bearing company Registration Number: 266063 and CIN:U74999DL2014PTC266063, legally represented by Gourab Kumar Saha, Director of the company hereby do confirm that we are  currently seeking to procure EN 590 in bulk quantities on FOB TTV basis, with loading at ports such as Jurong & Fujairah.

Requesting for quotation as per below mentioned points:
Commodity: Gasoil (diesel) en590 10ppm – euro 5
Specification: Standard export grade.
Origin: Any country including Iran & Russia
Quantity (spot): 100,000 MT
Quantity (contract): 100,000 MT [monthly] x 12 months
Delivery/shipment: Partial delivery allowed as per tanker’s storage capacity.
Packing: Bulk liquid (metric tons)
Incoterms: FOB 2020 Fujairah, UAE / Jurong, Singapore
Product location: In shore tanks at Fujairah, UAE / Jurong, Singapore.
Mode of delivery: Ex-tanks at load port- Fujairah, UAE/Jurong Singapore (Tank to Vessel)
Price basis: Negotiable on PLATTS Asia-pacific/Arab Gulf market scan FOB TTV Fujairah/Jurong Gasoil 10 ppm (AFUJP00) .
Inspection: SGS/Intertek/Saybolt-Corelab or equivalent at seller’s tank
Payment terms: By MT103 against verification of agreed POP documents.

TTV PROCEDURE (PREFERABLE)

OPTION 1: FOB TANK TO VESSEL (TTV) TRANSACTION TERMS AND PROCEDURE:

1. Buyer issues ICPO + CP + Signatory ID/Passport Copy + CPA
2. Seller issue FCO with signatory ID/Passport Copy with full CIS and Government issued Fuel Export License copy.
3. Seller & Buyer execute Pro-Forma Invoice
4. Seller issues POP documents, including but not limited to:
A) FRESH Q&Q REPORT. THE Q&Q BE IT BY SGS OR SAYBOLT-CORELAB OR INTERTEK, IT MUST BE INCLUDED:
1) Current & Compliant (under 48 hours old)
2) State composite samples were drawn by the Inspection Agency from the shore tanks
3) Quantity in shore tanks was assessed by the Inspection Agency
4) The shore tanks are sealed by the Inspection Agency and, tank nos. & seal nos. are indicated on the Report.

B. VALID TSR (TANK STORAGE RECEIPT) WITH ACTUAL VERIFIABLE DATA TO IDENTIFY THE PHYSICAL TANK.
C. INJECTION REPORT FROM THE STORAGE TANK
D. CERTIFICATE OF ORIGIN (NON-SANCTIONED) AND EURO5 CERTIFICATE
E. ATSC (AUTHORIZATION TO SELL & COLLECT) IN THE NAME OF THE BUYER
F. ATV (AUTHORIZATION TO VERIFY)
G. TERMINAL ACCESS CODE (TAC)
5. Buyer upon successful verification of above documents, submits active Q88 of the vessel available for loading.
6. Seller issues FINAL COMMERCIAL INVOICE FOR QUANTITY DETERMINED ON THE Q&Q REPORT
7. Buyer makes payment of Seller’s Invoice via MT103 for same day credit to seller’s nominated bank account.
8. Seller transfers full ownership and tank rights to the Buyer (If simultaneous transfer is not feasible, payment will occur upon issuance and submission of export).
9. Seller’s Port Agent & Buyer’s vessel Master co-ordinate berthing of the vessel for loading operations (Buyer will ensure the product is injected into their designated vessel within 3 days after payment. Beyond this timeframe, daily tank extension fees will apply).
10. Seller & Buyer execute SPA for subsequent monthly deliveries.

Important Notes:
1. Q&Q reports must be current and prepared by SGS (or equivalent), including composite sampling, sealed tank details, and tank/seal numbers.
2. Full Proof of Product (POP) and Fresh SGS must be in the Buyer’s name.
3. ATSC must clearly authorize the Buyer to sell and collect the product.

OPTION 2: FOB TANK TO VESSEL (TTV) TRANSACTION TERMS AND PROCEDURE:

1. Buyer issues ICPO + CP + Signatory ID/Passport Copy + CPA
2. Seller issue FCO with signatory ID/Passport Copy with full CIS and Government issued Fuel Export License copy.
3. Commercial Invoice (CI) issued by the Seller for the Buyer to review, sign, and return to the Seller within 24 hours along with the Charter Party Agreement (CPA) (Note: If the buyer is convinced that the seller can deliver, they are happy to share:
– a. CPA along with the ICPO,
– b. Q88 along with the reviewed and signed CI.)

4. Partial Proof of Product (PPOP) issued by the Seller:
– a. Commitment to supply
– b. Authorisation to Sell and Collect (ATSC)
– c. Certificate of Origin Availability of Product (EUR1 Certificate)
– d. Product Passport Quality Analysis
– e. SGS fresh report not older than 48 hours
– f. Injection report (wherever applicable)
5. Above documents verified and confirmed by the Buyer within 48 hours.
6. Following documents issued by the Seller to the Buyer to confirm within 24 hours.
– a. Valid Tank Storage Receipt (TSR)
– b. Terminal Access Code (TAC)
– c. Hub No.
– d. Authorisation to Verify (ATV)
– e. Booking No.
– f. Dip Test Authorisation (DTA)

7. The Buyer, within 24 hours, appoints SGS to conduct the Dip Test at the Seller’s Tank in the presence of the Buyer’s representative.
8. Upon completion of the Dip Test, the Buyer remits payment per invoice via MT103/TT.
9. Upon receiving clean, clear funds into the Seller’s nominated bank account as per the invoice raised, the Seller shall transfer the cargo and transfer the Title of the product to the Buyer.
10. The vessel will be allowed departure from the port after full payment to the Seller and transfer of cargo & title to the Buyer.

Important Notes:
1. Q&Q reports must be current and prepared by SGS (or equivalent), including composite sampling, sealed tank details, and tank/seal numbers.
2. Full Proof of Product (POP) and Fresh SGS must be in the Buyer’s name.
3. ATSC must clearly authorize the Buyer to sell and collect the product.

BUYER’S BANK AND ACCOUNT INFORMATION:
BANK NAME: ICICI Bank Ltd, www.icicibank.com
BANK ADDRESS: ICICI Bank Ltd. Commercial Banking Group,  9A, Phelps Building, Connaught Place New Delhi 110001.
SWIFT CODE: ICICINBBCTS
ACCOUNT NAME: Ametheus Commodities Pvt Ltd
ACCOUNT (USD): 000706001351

We welcome your counteroffer and are open to discussions to finalize this mutually beneficial collaboration. Please do not hesitate to reach out with any queries or additional details you may require.
Thank you for considering our inquiry. We look forward to your positive response.

—

Best regards,
Gourab Kumar Saha
Ametheus Commodities Pvt Ltd
e-mail: gks@ametheus.com
Cell: +91-9999999538, +91-9717990777
Commodities: www.ametheus.com