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jet a-1 AVIATION KEROSENE

1         PROCEDURES 

1.1        BUYER ISSUES TO SELLER THE ICPO AND THE LANGUAGE FOR THE FINANCIAL INSTRUMENT APPROVED BY THE BUYER’S BANK.

.2        SELLER ISSUES CONTRACT. SIGNED CONTRACT IS RETURNED TO SELLER. SELLER SIGNS AND SEALS THE CONTRACT AND RETURNS IT TO BUYER. 

 

1.3        BUYER ISSUES MT199 AS POF. SELLER ISSUES PARTIAL POP. THIS EXCHANGE IS DONE BANK TO BANK.

1.5        SELLER SUBMITS A PROFORMA INVOICE TO THE BUYER.

1.6        BOTH PARTIES LODGE CONTRACT WITH THEIR RESPECTIVE BANKS.

1.7        BUYER SUBMITS TO SELLERS BANK MT-799 WITHIN 48 HOURS BASED ON THE PREAPPROVED LANGUAGE FOR THE FINANCIAL INSTRUMENT.

IF THE MT-799/MT760 IS NOT SUBMITTED WITHIN 48 HOURS THEN THE CONTRACT IS CANCELED, THE NON-PERFORMANCE PENALTY GOES INTO EFFECT.

1.8        ONCE MT-799/MT760 IS RECEIVED THEN SELLER SCHEDULES VESSELS FOR SHIPMENT. TYPICALLY, IT TAKES 48 TO 72 HOURS FOR VESSELS TO BE SCHEDULED AND LOADED, SUBJECT TO VESSEL AVAILABILITY.

1.9        ONCE VESSELS HAVE BEEN LOADED THEN THE POP DOCUMENTS ARE SUBMITTED TO THE BUYER FOR REVIEW AND VERIFICATION. IF SELLER FAILS TO SUBMIT POP DOCUMENTS, THE NON-PERFORMANCE PENALTY GOES INTO EFFECT.

1.10      BUYER COORDINATES WITH SELLER FOR THE TANKER TAKE OVER OF THE PRODUCT.

1.11      SELLER ISSUES THE FOLLOWING POP DOCUMENTS:

 

·         CHARTER PARTY AGREEMENT

·         Q88

·         BILL OF LADING

·         CARGO MANIFESTO

·         AUTHORITY TO ON BOARD

·         SGS AS AT TIME OF LOADING OF VESSEL

·         CERTIFICATE OF ORIGIN OF PRODUCT

·         COMMERCIAL INVOICE

·         AUTHORIZATION TO DIP THE TANKER TANKS

1.12      BUYER WILL CARRY OUT THE VERIFICATION AND ENDORSEMENT OF THE POP, SEAL THE SAME WITH THEIR BANK, AND RETURN TO SELLER AND ISSUE A MT-103 FOR THE FULL VALUE EQUAL TO THAT OF THE PRODUCT VERIFIED IN THE TANKS OR VESSELS. BUYER RECEIVES TITLE TO THE PRODUCT.

1.13      BUYER ISSUES AN INACTIVE FINANCIAL INSTRUMENT VIA MT-760 SUCH AS IRDLC (IRREVOCABLE REVOLVING DOCUMENTARY LETTER OF CREDIT) OR SBLC (STANDBY LETTER OF CREDIT) OR BG (BANK GUARANTEE) EQUALS TO ONE MONTH’S LIFTABLE AMOUNT.

1.14      SELLER TRANSFERS TITLE TO THE BUYER’S BANK FOR THE PRODUCT SCHEDULED FOR CONSECUTIVE DELIVERIES AND THAT ACTIVATES THE FINANCIAL INSTRUMENT.

1.15      BUYER PAYS 100% AT SIGHT WITH MT-103 MONTHLY AND THE FINANCIAL INSTRUMENT       STANDS IN BACKGROUND THROUGHOUT

21         POP DOCUMENTS

21.1      A FULL SET OF 3/3 ORIGINALS PLUS 3 N/N COPIES OF OCEAN BILL OF LADING MADE OUT “CLEAN ON BOARD” MARKED “FREIGHT PRE-PAID” . THE B/L TO BE SIGNED IN ORIGINAL           BY THE SHIP’S MASTER AND “BANK” ISSUED OR ENDORSED FOR THE DESTINATION,        IDENTIFICATION OF THE LOADED CARGO WITH QUANTITY EXPRESSED IN US BARRELS OR METRIC TONS AT 60 DEGREES FAHRENHEIT.

21.2      ORIGINAL QUANTITY AND QUALITY CERTIFICATES PLUS TWO (2) COPIES AS ISSUED AT      LOADING PORT BY AN INDEPENDENT SURVEYOR COMPANY SGS.

21.3      CERTIFICATE OF ORIGIN PLUS TWO (2) COPIES.

21.4      SIGNED COMMERCIAL INVOICE BASED ON THE DELIVERED QUANTITY/QUALITY AS             DETERMINED DURING LOADING OR AS DETERMINED BY THE INSPECTION CREW DURING             THE Q&Q PROCESS.

21.5      ANY OTHER DOCUMENTS PERTAINING OR RELATED TO THE CURRENT TRIP DULY   SIGNED BY THE AUTHORIZED PERSONS, INCLUDING CERTIFICATE OF INSURANCE, (1            ORIGINAL PLUS 3 COPIES) , CONFIRMED ORIGINAL SGS REPORT AT THE DISCHARGED            PORT, ALL LOADING DETAILS INCLUDING LOADED QUANTITY, QUALITY, AND B/L DATE          WILL BE FAXED DIRECTLY TO THE BUYER PROMPT AFTER COMPLETION OF LOADING             FROM LOADING PORT. ALL DOCUMENTS FROM THE THIRD PARTY ACCEPTED BY THE        BUYER FOR FULL PAYMENT TO SELLER.

Commission:           Buyer pays commission 50% to seller and 50% to buyer sides

 

Destination:             TTO Ras Tanura

 

Quantity:                   4,000,000 Brls. Per month x 12 months

 

Date issued:             June 02, 2011

 

ICPO should be made out to: TBA.

 

Valid for five days from the date issued. Contract period required – 1 years

 Informational Purposes only 06-06-2011

Differences between Jet A and Jet A-1

Jet A specification fuel has been used in the United States since the 1950s and is only available in the United States, whereas Jet A-1 is the standard specification fuel used in the rest of the world. Both Jet A and Jet A-1 have a relatively high flash point of 38 °C (100 °F), with an of 210 °C (410 °F). This means that the fuel is safer to handle than traditional avgas.

The primary differences between Jet A and Jet A-1 are the higher freezing point of Jet A (−40 °C vs −47 °C for Jet A-1), and the mandatory requirement for the addition of an anti-static additive to Jet A-1.

Like Jet A-1, Jet A can be identified in trucks and storage facilities by the UN number 1863 Hazardous Material placards.[2] Jet A trucks, storage tanks, and pipes that carry Jet A are marked with a black sticker with a white "Jet A" written over it, next to another black stripe.

The annual U.S. usage of jet fuel was 20.2 billion gallons (77 billion litres) in 2009.[3]

[edit] Typical physical properties for Jet A and Jet A-1

Jet A-1 Fuel must meet the specification for DEF STAN 91-91 (Jet A-1), ASTM specification D1655 (Jet A-1) and IATA Guidance Material (Kerosine Type), NATO Code F-35.

Jet A Fuel must reach ASTM specification D1655 (Jet A) [4]

  Jet A-1 Jet A
Flash point > 38 °C (100.4 °F)
Autoignition temperature 210 °C (410 °F)
Freezing point < −47 °C (−52.6 °F) < −40 °C (−52.6 °F)
Open air burning temperatures 287.5 °C (549.5 °F)
Density at 15 °C (59 °F) 0.775 kg/L to 0.840 kg/L
Specific energy > 42.80 MJ/kg




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