DIRECT CONNECT PETROLEUM
626 MAIN ST DELANO CA 93215
EMAIL: Dcp@directconnectpetroleum.com
DAVID FERNANDEZ 661-808-8009
ALEX CARDENAS 661-229-9929
WEBSITE: directconnectpetroleum.net
PRODUCT: DIESEL EN590-10PPM
QUANTITY: 50,000 MT-200,000 MT GOOD TO DEC. 31, 2025 PRICE: CIF $
MT / FOB $
PRODUCT: LNG LIQUIFIED NATURAL GAS
QUANTITY: 100,000 MT-200,000 MT
PRICE: CIF $/ FOB $
PRODUCT: JET A1 FUEL
QUANTITY: 1,000.000 -3,000,000 BBL
PRICE: CIF $ / FOB $
PRODUCT: VIRGIN DIESEL D6
QUANTITY: 100,000.000 -200,000,000 GAL
PRICE: CIF $ / FOB $
PRICE IS NEGOTIABLE DEPENDING ON QUANTITY HOWEVER PROCEDURES ARE: FIRM.FOB TANK TO TANK TTT PROCEDURE (1)
1. BUYER ISSUES ICPO IN COMPLIANCE WITH SELLER REFINERY PROCEDURE WITH BUYER’S BANK DETAILS, COMPANY INFORMATIONS AND PASSPORT COPY AND BUYER TSA FROM RELIABLE POTENTIAL LOGISTICS STORAGE COMPANY FOR REFINERY CONFIRMATION AND APPROVAL.
2. REFINERY SELLER CONFIRM BUYER ICPO AND TSA AND ISSUE COMMERCIAL INVOICE C.I. CONTRACT WITH PRODUCT QUANTITY IN STORAGE TANK FACILITY TO BUYER FOR REVIEW AND ENDORMENT.
3. BUYER REVIEW AND SIGN COMMERCIAL INVOICE C.I. CONTRACT AND RETURN TO REFINERY SELLER FOR FINAL CONFIRMATION AND APPROVAL.
4. UPON RECEIPT OF REFINERY CONFIRMED SIGNED SEALED CONTRACT , REFINERY ISSUES THE FOLLOWING INITIAL POP DOCUMENTS TO BE SIGNED AND ENDORESED BY BUYER AND TANK STORAGE.
1. TANK TO TANK INJECTION PROGRAMMING AGREEMENT (TTTIPA).
2. DIP TEST AUTHORIZATION (DT A).
3. APPOINTMENT LETTER FOR SGS INSPECTION APPROVAL.
4. AUTHORITY TO SELL & COLLECT (ATSC)
5. STATEMENT OF PRODUCT AVAILABILITY.
6. UPON RECEIPT OF THE SIGNED INJECTION PROGRAM AGREEMENT/ DTA AND APPOINTMENT LETTER FOR SGS INSPECTION APPROVAL, SELLER RELEASES THE FOLLOWING PRODUCT (POP) DOCUMENTS TO BUYER AS FOLLOWS:
A. FRESH SGS REPORT (NOT OLDER THAN 24 HOURS)
B. INJECTION REPORT
C. TANK STORAGE RECEIPT WITH TANK GPS COORDINATE
D. AUTHORITY TO VERIFY AND INJECT (PHYSICAL VERIFICATION)
E. CERTIFICATE PRODUCT OF ORIGIN,
F. TANK CLEARANCE APPROVAL
7. BUYER CONDUCT DIP TEST IN TANK STORAGE FACILITY. UPON SUCCESSFUL DIP TEST, REFINERY COMMENCE PRODUCT INJECTION INTO BUYER TANK-VESSEL.
8. AFTER PRODUCT INJECTION, BUYER MAKES PAYMENT FOR THE TOTAL PRODUCT COST BY TT WIRE TRANSFER TO SELLERS DESIGNATED BANK.
9. SELLER TRANSFERS TITLE OWNERSHIP DOCUMENTS TO THE BUYER. THE SELLER PAYS COMMISSIONS ACCORDING TO THE NCNDA/IMFPA AGREEMENT FOB TANK TO TANK TTT PROCEDURE (2)
1. BUYER ISSUE ICPO WITH SELLER REFINERY PROCEDURE WITH BUYER’S BANK DETAILS, COMPANY INFORMATIONS AND PASSPORT COPY AND BUYER TSA FROM RELIABLE POTENTIAL LOGISTICS STORAGE COMPANY FOR REFINERY CONFIRMATION AND APPROVAL.
2. REFINERY SELLER CONFIRM AND APPROVED BUYER ICPO AND TSA AND ISSUE COMMERCIAL INVOICE C.I. CONTRACT WITH PRODUCT QUANTITY IN STORAGE TANK FACILITY TO BUYER FOR REVIEW AND ENDORMENT.
3. BUYER REVIEW AND SIGN COMMERCIAL INVOICE C.I. CONTRACT AND RETURN TO REFINERY SELLER FOR FINAL CONFIRMATION AND APPROVAL.
4. UPON RECEIPT OF SEALED CONTRACT, REFINERY PAYS 2 DAYS TO BUYER’S TANK AND BUYER PAY 3 DAYS TANK PAYMENT SIMUL T ANEOUSLY FOR INJECTION PROGRAMMING PROCESS. UPON BUYER’S TANK PAYMENT CONFIRMATION FROM BOTH PARTIES AND ISSUE TSR IN BUYER COMPANY’S NAME.
5. REFINERY ISSUE THE FOLLOWING POP DOCUMENTS TO BUYER COMPANY.
A. FRESH SGS REPORT (NOT OLD THAN 24 HOURS)
B. INJECTION REPORT
C. TANK TO TANK INJECTION PROGRAMMING AGREEMENT (TTTIPA)
D. AUTHORITY TO VERIFY AND INJECT (PHYSICAL VERIFICATION)
E. CERTIFICATE PRODUCT OF ORIGIN,
F. TANK CLEARANCE APPROVAL
G. DIP TEST AUTHORIZATION (DTA)
H. APPOINTMENT LETTER FOR SGS INSPECTION APPROVAL
I. AUTHORITY TO SELL & COLLECT (ATSC)
J. ST ATEMENT OF PRODUCT AVAILABILITY
5. BUYER CONDUCT DIP TEST IN TANK STORAGE FACILITY. UPON SUCCESSFUL DIP TEST,
REFINERY COMMENCE PRODUCT INJECTION INTO BUYER TANK-VESSEL.
6. AFTER PRODUCT INJECTION, BUYER MAKES PAYMENT FOR THE TOTAL PRODUCT COST BY TT WIRE TRANSFER TO SELLERS DESIGNATED BANK.
7. SELLER TRANSFERS TITLE OWNERSHIP DOCUMENTS TO THE BUYER, THE SELLER PAYS COMMISSIONS ACCORDING TO THE NCNDA/IMFPA AGREEMENT .FOB TANK TO TANK TTT/TTV PROCEDURE.
1. SELLER ISSUES SOFT CORPORATE OFFER (SCO) TO BUYER COMPANY WITH THE SELLER ACCEPTABLE TERMS AND PROCEDURE OF TRANSACTION.
2. BUYER CONFIRMS RECEIPT OF SCO AND ISSUES IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) + COMPANY PROFILE (CP) WITH FULL BANKING DETAILS.
3. SELLER ISSUES COMMERCIAL INVOICE (CL) CONTRACT AND ICC WITH PRODUCT QUANTITY IN STORAGE TANK FACILITY TO BUYER FOR REVIEW AND ENDORMENT.
4. BUYER SIGNS AND RETURNS THE SIGNED CL. FOR FINAL REFINERY CONFIRMATION APPROVAL.
5. SELLER ISSUES TO BUYER THE FOLLOWING COPY OF PARTIAL PROOF OF PRODUCT (PPOP) AND TRANSACTION DOCUMENTS:
A. COMMITMENT LETTER TO SUPPLY
B. STATEMENT OF PRODUCT AVAILABILITY
C. AUTHORIZATION TO SELL AND COLLECT (ATSC)
D. DIP TEST AUTHORIZATION (DTA)
E. (ATV) AUTHORITY TO VERIFY THE EXISTENCE OF PRODUCT VIA EMAIL OR PHONE CALL WITH GPS COORDINATES AND BARCODES.
6. WITHIN 48 HOURS UPON RECEIPTS AND CONFIRMATION OF THE APPROVED POP , BUYER REQUEST FOR PAYMENT INVOICE FOR EXTENSION OF THE SELLER’S (T ANK) FOR THREE-FIVE (3-5) DAYS (NOTE) UPON CONFIRMATION OF BUYER’S PAYMENT; SELLER WILL SCHEDULE DIP TEST AND PROVIDE THE FOLLOWING FULL POP TO BUYER:
A. FRESH SGS REPORT,
B. FRESH T ANK STORAGE RECEIPT,
C. INJECTION REPORT ,
D. CERTIFICATE OF OWNERSHIP,
E. CERTIFICATE PRODUCT OF ORIGIN,
F. TANK CLEARANCE APPROVAL
7. UPON BUYER’S SUCCESSFUL Q&Q/DIP TEST RESUL TS CONSISTENT OF THE SPECIFICATION ON THE CL (COMMERCIAL INVOICE). BUYER PROVIDES TANK-VESSEL DETAILS AND AUTHORITY TO INJECT; SELLER PROCEEDS WITH INJECTION OF PRODUCT TO BUYER VESSEL OR TANK AND SELLER ISSUES PRODUCT INJECTION REPORT FOR THE QUANTITY INJECTED INTO BUYER’S VESSEL/TANK.
8. BUYER PAYS THE SELLER FOR THE FULL-INJECTED PRODUCT BY SWIFT MT103 AND SELLER TRANSFER FULL TITLE OWNERSHIP TO BUYER WITH ALL EXPORTATION DOCUMENTS REQUIRED OF BUYER FOR THE TRANSACTION.
9. SELLER PAYS COMMISSION TO ALL INVOLVED MANDATES INTERMEDIARIES VIA WIRE FUNDS TRANSFER MT103 /TT IMMEDIATELY UPON RECEIPT OF BUYER’S PAYMENT AS PER AGREED AND SIGNED NCNDA/ IMFPA, AND FOLLOWS TO EVERY BUYER’S LIFT IN THE FUTURE BASED IN COMMERCIAL INVOICE (CL) AND SPA/CONTRACT SIGNED BY THE SELLER AND BUYER FOB TTV TRANSACTION DELIVERY PROCEDURE.
1. BUYER ISSUES ICPO IN COMPLIANCE WITH SELLER REFINERY PROCEDURE WITH BUYER’S BANK DETAILS, COMPANY INFORMATIONS AND PASSPORT COPY AND BUYER CPA FROM RELIABLE POTENTIAL LOGISTICS SHIPPING COMPANY FOR REFINERY CONFIRMATION AND APPROVAL.
2. REFINERY SELLER CONFIRM BUYER ICPO AND CPA AND ISSUE COMMERCIAL INVOICE C.I. CONTRACT WITH PRODUCT QUANTITY IN STORAGE TANK FACILITY TO BUYER FOR REVIEW AND ENDORMENT.
3. BUYER REVIEWS AND SIGNS COMMERCIAL INVOICE C.I. CONTRACT AND RETURN TO REFINERY SELLER FOR FINAL CONFIRMATION AND APPROVAL.
4. UPON RECEIPT OF REFINERY CONFIRMED SIGNED SEALED CONTRACT, REFINERY ISSUES THE FOLLOWING INITIAL POP DOCUMENTS TO BE SIGNED AND ENDORESED BY BUYER AND LOGISTICS SHIPPING COMPANY.
1. TANK TO VESSEL INJECTION PROGRAMMING AGREEMENT (TTVIPA)
2. DIP TEST AUTHORIZATION (DTA)
3. APPOINTMENT LETTER FOR SGS INSPECTION APPROVAL.
4. AUTHORITY TO SELL & COLLECT (ATSC).
5. STATEMENT OF PRODUCT AVAILABILITY.
6. UPON RECEIPT OF THE SIGNED AND ENDORSED DOCUMENTS REFINERY SELLER RELEASES THE FOLLOWING OF PRODUCT (POP) DOCUMENTS TO BUYER AS FOLLOWS:
A. FRESH SGS REPORT (NOT OLDER THAN 24 HOURS)
B. INJECTION REPORT
C. T ANK STORAGE RECEIPT WITH TANK GPS COORDINATE
D. AUTHORITY TO VERIFY AND INJECT (PHYSICAL VERIFICATION)
E. CERTIFICATE PRODUCT OF ORIGIN
F. TANK CLEARANCE APPROVAL
7. BUYER CONDUCT DIP TEST IN TANK STORAGE FACILITY UPON SUCCESSFUL DIP TEST, REFINERY COMMENCE PRODUCT INJECTION INTO BUYER TANK-VESSEL.
8. AFTER PRODUCT INJECTION, BUYER MAKES PAYMENT FOR THE TOTAL PRODUCT COST BY TT WIRE TRANSFER TO SELLERS DESIGNATED BANK.
9. SELLER TRANSFERS TITLE OWNERSHIP DOCUMENTS TO THE BUYER, THE SELLER PAYS COMMISSIONS ACCORDING TO THE NCNDA/IMFPA AGREEMENT .CIF DELIVERY TRANSACTION PROCEDURE AND TERMS.
1. BUYER ISSUES ITS IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO), ADDRESSED TO SELLER ALONGSIDE COMPANY PROFILE (CP) BANKING DETAILS AND PASSPORT COPY.
2. SELLER ISSUES DRAFT CONTRACT (OPEN FOR ANY AMENDMENTS) TO BUYER. BUYER SIGNS, SEALS AND RETURNS THE DRAFT CONTRACT TO SELLER FOR FINAL ENDORSEMENT.
3. SELLER LODGE CONTRACT WITH THE MINISTRY OF ENERGY FOR APPROVAL AND REGISTRATION ENDORSEMENT AND UPON SUCCESSFUL ENDORSEMENT OF CONTRACT. REFINERY RELEASES BELOW PPOP DOCUMENTS AS APPROVED AND ENDORSED BY THE MINISTRY OF ENERGY TO BUYER TO ACCORDINGLY.
A. SELLER IRREVOCABLE COMMITMENT LETTER TO SUPPLY
B. STATEMENT OF PRODUCT AVAILABILITY
C. PRODUCT PASSPORT (QUANTITY AND QUALITY ANALYSIS REPORT)
D. AUTHORITY TO SELL AND COLLECT
E. PRODUCT CERTIFICATE OF ORIGIN
4. REFINERY AND BUYER WILL BRIDGE CHARTER PARTY AGREEMENT WITH SHIPPING COMPANY AND CPA WILL BE SIGNED AND ENDORSED BY ALL PARTIES. AND SELLER AND BUYER PAY THE CPA COST 50/50 % EACH RESPECTIVELY. FRESH SGS AT LOADING PORT ALONG BILL OF LADING, Q88 AND PORT CLEARANCE INCLUDING ALL THE EXPORT DOCUMENT WILL BE PROVIDE TO BUYER BY SHIPPING COMPANY IN ORDER TO COMMENCE SHIPMENT SCHEDULES TO BUYER DESTINATION PORT.
5. UPON COMPLETION OF THE ABOVE, SELLER ISSUES TO BUYER PRODUCT TITLE TRANSFER AGREEMENT, BUYER SIGNS AND RETURNS. SELLER ISSUES THE COMMERCIAL INVOICE FOR 7 BANKING DAYS, BUYER’S BANK ISSUE SBLC /DLC, /BG VIA MT760/MT700 TO SELLER’S FIDUCIARY BANK FOR FIRST MONTH SHIPMENT VALUE. IF ON THE OTHER HAND, BUYER FAILS OR UNABLE TO ISSUE THE AGREED PAYMENT INSTRUMENT WITHIN 7 BANKING DAYS, BUYER MAKES $280,000 DEPOSIT OF PRODUCT SECURITY PERFORMANCE GUARANTEE BY TT WIRE TRANSFER TO REFINERY SELLER OR AND THE SAID AMOUNT WILL BE DEDUCTED FROM THE PRODUCT VALUE.
6. SELLER’S BANK ISSUES BELOW FULL POP DOCUMENTS TO THE BUYER’S BANK ALONGSIDE WITH 3% PERFORMANCE BOND (PB3%).A. COPY OF LICENSE TO EXPORT, ISSUED BY THE DEPARTMENT OF THE MINISTRY OF ENERGY.
B. COPY OF APPROVAL TO EXPORT, ISSUED BY THE MINISTRY OF JUSTICE.
C. COPY OF STATEMENT OF AVAILABILITY OF THE PRODUCT.
D. COPY OF THE REFINERY COMMITMENT TO PRODUCE THE PRODUCT.
E. COPY OF TRANSNET CONTRACT TO TRANSPORT THE PRODUCT TO THE
LOADING PORT. F. COPY OF THE PORT STORAGE AGREEMENT.
G. COPY OF THE CHARTER PARTY AGREEMENT TO TRANSPORT THE
PRODUCT TO DISCHARGE PORT.
H. COPY OF VESSEL QUESTIONNAIRE 88.
I. COPY OF BILL OF LADING.
J) SGS REPORT AT LOADING PORT.
K. NOTICE OF READINESS (NOR /ETA)
L. CERTIFICATE OF OWNERSHIP TRANSFER
M. CERTIFICATE OF ORIGIN.
N. ALLOCATION TRANSACTION CERTIFICATE (ATC) BY MINISTRY OF ENERGY.
7. SHIPMENT COMMENCES AS PER SIGNED CONTRACT DELIVERY SCHEDULE AND AFTER VESSEL ARRIVE AT BUYER’S DISCHARGE PORT WITHIN 5- 6 DAYS. BUYER CONDUCT FRESH Q&Q BY SGS/CIQ AT DESTINATION UNLOADING PORT.
8. UPON COMPLETION OF INSPECTION AND PRODUCT INJECTION INTO BUYER TANK OR VESSEL, BUYER RELEASES PAYMENT TO SELLER BY TT/MT103 UPON RECEIPT OF THE SHIPPING DOCUMENTS AND CONFIRMATION OF THE Q&Q BY SGS/CIQ AT DESTINATION PORT. SELLER PAYS COMMISSIONS ACCORDING TO THE NCNDA/IMFPA AGREEMENT.
TANKER TAKE OVER TRANSACTION PROCEDURE TTO/OPL/STS
1. Buyer accepts the Seller’s offer/Procedure, and Buyer will issue an ICPO, CP and Passport
Copy.
2. The Seller will issue MOU to Buyer for securing the vessel and Title Transfer ownership. All
parties sign the NCNDA/IMFPA.
3. Seller Issues:
a) Bill of Lading
b) Vessel Q88
c) CERTIFICATE OF ORIGIN
d) CERTIFICATE OF QUALITY AND QUANTITY (Q&Q) at the Loading
port. e) Ullage Report
f) Invoice for Title Transfer
4. Buyer pays $198,000 for Title Transfer of the vessel to his destination or pay 3% of the
product amount for
authorization to board the vessel after re-routed to the destination port.
5. The seller will issue the following POP documents and order the re-routing of the vessel to
the Buyer’s desired port and
transfer the title to the potential Buyer’s company’s name.
ZHMPTTO213/25CIF PROCEDURE FOR LETTER OF CREDIT (LC)
1. Buyer confirms seller SCO and issues ICPO with full banking information (valid for 10 days,
with list of documents).
Copy of passport of the person authorized to sign the contract
b) Profile of the Buyer’s legal entity (Certificate of Incorporation)
2. Seller acknowledges buyer’s ICPO and issues contract to buyer open for amendment.
Buyer Signs and returns the contract to
the seller in word format within three (3) international working days.
3. Seller makes the final signature, notarized the contract with appropriate authorities and
send to buyer as final approved copy
along with the following Documents:
a) Product Certificate Origin (verifiable and with seal & signature of the certifying authority)
b) Product Passport
c) Charter Party Agreement (CPA)
d) Copy of the Refinery’s Letter of Commitment
e) Export License
4. Seller makes arrangements for the chartered freight with a renowned shipping company for
the transportation of the product
to buyer designated discharge port, both seller and buyer sign the charter party agreement
(CPA) together with the shipping
company (at three party CPA) seller pays CPA cost 100% via/tt wire transfer directly to the
shipping company.
5. After confirmation of the charter fee by the shipping company, buyer within 7 working days
issue SBLC of total cost of full
product to seller beneficiary account inability to provide VERIFIABLE SBLC within the given
period, buyer will authorize her
bank the disbursement of $430,000 USD product loading security fee to seller’s bank to
enable seller commence loading of product with the shipping company.
6. Upon receipt of buyer’s security fee or SBLC and seller’s bank confirmation, seller loads
product within four (4) international
working days and sends POP documents in buyer’s company name to buyers bank, 11 sets
below.a) Certificate of Incorporation
b) Act of Transfer
c) Commercial Invoice
d) Company Taxpayer’s Certificate
e) Fresh SGS Report
f) Tank Receipt
g) Q88 and Quality Specification
h) Bill of Lading.
g) Certificate of Non-Wooden
h) NOR—Notice of Readiness
i) ETA—Estimated Time of
ZHPPOT213