To
The Seller or stockholder of EN590 -10 PPM

Subject: Request for Quotation (RFQ) for Bulk Purchase of EN 590 on FOB VTTO 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 VTTO basis.

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 FOB VTTO
Product location: In Vessel tanks on high seas.
Mode of delivery: Vessel Tank Take Over
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.

VESSEL TANK TAKEOVER (VTTO) PROCEDURE

VESSEL TANK TAKEOVER  (VTTO) 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. MOU/ CI SIGNED
5. Seller releases following PPOP Documentation:
– Certificate of Origin
– Loading SGS or equivalent Q&Q FULL REPORT
– BL
– Cargo Manifest
– Ullage Report
– Product Passport ( Must be supported by SGS/Intertek/Saybolt-Corelab)
– ATSC
– Commercial Invoice
– Custom Clearance documents for shipping agent to verify (If applicable)

6.  Buyer verifies PPOP and request for DTA, ATB & Physical ATV from seller
7.  Buyer conducts DIP TEST AT BUYER EXPENSES, and Seller submits certificate of origin full POP to buyer’s bank including an affidavit to transfer titleholding after payment.
8.  Buyer bank transfers payment within 72 hours and seller transfers titleholding to buyer.
9.  Buyer parallelly completes Vessel tank takeover (VTTO) paperwork with the shipping company.

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
Ametheus Holdings Pvt Limited
e-mail: gks@ametheus.com
Cell: +91-9999999538, +91-9717990777
Commodities: www.ametheus.com

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