ProBuy Co. Israel

*🌟*ATTENTION PETROLEUM BUYERS!*🌟*

📢 AVAILABLE FOR IMMEDIATE SPOT & CONTRACT SALES 📢

We have confirmed the availability of high-quality petroleum products. The supply is guaranteed to meet specifications and pass SGS or equivalent inspection. We welcome direct negotiations with end-buyer representatives and mandates.

KEY COMMERCIAL TERMS 📝

PRODUCT LIST, PRICING & COMMISSIONS ⛽️💰

OVERVIEW OF PROCUREMENT PROCEDURES 🔄

  1. TSPOT FOB DIP & PAY PROCEDURE
    • The buyer issues an ICPO with bank details and a Tank Storage Agreement (TSA).
    • The seller issues a Commercial Invoice (CI) for the product in tanks at the port. Buyer and Buyer’s logistics sign and return the CI.
    • The Seller issues a list of PPOP documents: GPS Coordinates – Tank Storage Receipt (TSR), Injection Report, Unconditional Dip Test Authorization (DTA), Authority to Sell and Collect (ATSC) and a fresh SGS Report in the tank.
    • Buyer conducts an inspection with SGS at their own expense.
    • After a successful dip test, the product is immediately injected into the Buyer’s tanks. Buyer pays for the product via MT103, and the Seller transfers title of ownership to the Buyer.
  2. FOB ROTTERDAM PORT (WITH TANK STORAGE) PROCEDURE
    • Buyer issues the ICPO and the Tank Storage Agreement (TSA) upon receiving the Seller’s Offer.
    • Seller issues a commercial invoice for the available quantity in the storage tank; Buyer signs and returns the CI.
    • Seller issues PPOP documents: Authority to Verify (ATV), Product Passport, Endorsement of Product Availability, Authority to Sell & Collect (ATSC).
    • Buyer orders SGS to conduct a Dip Test of the product in the Seller’s Tank at the Buyer’s expense.
    • Upon successful Dip Test, sellers inject the fuel into the buyer’s leased Storage Tank.
    • Buyer makes 100% payment via MT103 TT wire transfer for the total product.
  3. FOB TANK-TO-VESSEL (TTV) PROCEDURE
    • Buyer issues the ICPO. Seller issues CI.
    • Buyer signs and returns the CI with a verifiable Charter Party Agreement (CPA).
    • Seller issues the Tank-to-Vessel Injection Agreement (TTVIA) to be endorsed by the Buyer’s logistics company and the Seller.
    • After endorsement, the Seller issues PPOP documents: Product Quality Passport, Certificate of Origin, Commitment to Supply, Statement of Product Availability.
    • Buyer provides MT 199 / BCL along with an Authority to Verify (ATV).
    • Dip Test Authorization (DTA) is issued, and the Buyer conducts the test with SGS at their own expense.
    • After a successful test, a Notice of Readiness (NOR) is issued for injection.
  4. FOB ROTTERDAM/HOUSTON/FUJAIRAH (TANK-TO-TANK) PROCEDURE
    • Buyer issues the ICPO addressed to the end seller via the Seller’s representative.
    • Seller issues a commercial invoice (CI), and Buyer signs and returns it along with the Buyer’s Tank Storage Agreement (TSA).
    • Seller provides PPOP: Product Passport, Authority to Verify (ATV), Commitment to Supply, Authority to Sell and Collect (ATSC), Tank-to-Tank Injection Agreement (TTIA).
    • Within 24 hours after a successful dip test, the Buyer provides the tank storage receipt (TSR), and the Seller proceeds with the Tank-to-Tank injection.
    • Buyer pays for the total cost of the product injected into their tanks via MT103.
  5. TTV ROTTERDAM/HOUSTON/FUJAIRAH/JURONG PROCEDURE
    • Buyer issues the ICPO. Seller issues CI. Buyer provides a CPA (VESSEL) for verification.
    • Seller issues the following documents: ATSC, DTA, Product Passport, and Availability of Product.
    • Buyer extends the seller’s tanks for two days for $110k, and the dip test is conducted at the seller’s expense.
    • The seller issues an SGS and injection report and injects into the buyer’s vessel at the seller’s expense.
    • After a successful Q&Q Dip test, the buyer pays via MT103 – TT.
  6. FOB ROTTERDAM & HOUSTON (TANK LEASING) PROCEDURE
    • Buyer issues an ICPO with bank details and a Tank Storage Agreement (TSA).
    • The seller issues a CI. Buyer requests two payment invoices from their tank farm: one for three days for the refinery and another for three days in the Buyer’s name.
    • Seller pays for three days to the Buyer’s tank. After confirmation, the seller pays for another three days to complete the six (6) day TSR and issues an Injection Report.
    • Seller issues PPOP documents: Injection Report, Unconditional Dip Test Authorization (DTA), Fresh SGS Report, Storage Reservoir Receipt, Authority to Sell and Collect (ATSC), Product Allocation Certificate.
    • Buyer conducts a Dip test on the product in the Seller’s Tank and pays via MT103-TT.
  7. STANDARD CIF PROCEDURE
    • Buyer issues an ICPO with this procedure incorporated and the Buyer’s company registration certificate.
    • Seller issues a Sales & Purchase Agreement (SPA); Buyer reviews, signs, and returns it.
    • Seller issues PPOP documents: commitment to supply, statement of product availability, certificate of origin, product passport, export license.
    • Seller and Buyer jointly sign the Charter Party Agreement (CPA) with the shipping company and share the cost 50/50.
    • Buyer’s bank issues an SBLC (MT760) or DLC (MT700) to the Seller’s bank for the entire value of the 1st shipment, and the Seller lodges a 2% Performance Bond (PB) in favor of the Buyer.
    • SGS inspection charges for the product at the loading port will be borne by the Seller.
    • Upon vessel arrival and finalization of SGS at the destination port, the Buyer releases payment via swift fund transfer within 3 to 5 banking days.
  8. FOB TTVIA (TANK-TO-VESSEL INJECTION AGREEMENT) PROCEDURE
    • Buyer issues an official ICPO, company registration license, buyer’s passport data page, and a letter of acceptance to the seller’s transaction procedure.
    • The seller issues a CI. Buyer signs and returns the Commercial Invoice along with the Buyer’s Charter Party Agreement (CPA) or Tank Storage Agreement (TSA).
    • Seller issues a Tank-to-Vessel Injection Agreement (TTVIA) to be endorsed by the Seller, buyer, and buyer’s Logistics Company.
    • Upon return of the endorsed TTVIA, the Buyer and their SGS Inspection team conduct a dip test on the product in the tank.
    • Upon completion of the Injection, the Seller releases PPOP documents: Product SGS Report, Pipeline Injection Report, Authority to Sell and Collect (ATSC), Product passport, Certificate of Origin.
    • Buyer immediately pays for the total cost of the product value injected into the Tank through MT103 TT wire transfer.
  9. TANK TAKE OVER (TTO) PROCEDURE
    • Buyer issues an Irrevocable Corporate Purchase Order (ICPO) with a Guarantee Letter to take over the Title of the product.
    • Seller issues a draft Memorandum of Understanding (MOU) for the Buyer to counter-sign. The seller legalizes the agreement with the authorities.
    • Seller sends documents for Buyer’s confirmation: Seller’s Export License, Bill of Lading in Buyer’s name, Vessel Tanker Details, Product Passport, Proforma Invoice, 5% Payment deposit Invoice.
    • Buyer confirms the goods documents and makes a 5% down payment.
    • Seller releases a fresh, dated Dip-Test Authorization (DTA) for Q&Q inspection upon cargo arrival at the discharge port.
    • Upon successful completion of the dip-test inspection, the Buyer makes the balance 95% payment via MT103 wire transfer.

IMPORTANT NOTE:

MESSAGE FOR DETAILS! 🚢🌍

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