23/03/2024

INDICATIVE TRADE TERMS

PRODUCT ULTRA LOW SULPHUR DIESEL EN 590

DELIVERY
TTO PORT KALAMATA, GREECE
BASIS

QUANTITY ONE CARGO OF 64 000 MT (+/- 2% OPERATIONAL TOLERANCE)

QUALITY TYPICAL QUALITY IS ACCORDING TO EN590 (GERMAN WINTER SPECS)

ORIGIN TBA

ETA ALREADY ARRIVED AT WATERS OF PORT KALAMATA, GREECE

PRICE BASED ON PLATTS CIF NWE / BASIS ARA ULSD 10 PPM (PLATTS CODE
AAVBG00), WITH A DISCOUNT OF $40.00 (FORTY) PER METRIC TON.

PRICE ESCALATION/DE-ESCALATION TO APPLY BASED ON 0.845.

NO ESCALATION OR DE-ESCALATION CLAUSES WILL BE APPLIED IN CASE OF AN

ANNUAL CONTRACT.

PRICING CALCULATION BASED ON THE AVERAGE OF ALL QUOTATIONS PUBLISHED FOR

PERIOD MARCH 2024.

100% PAYMENT FOR THE GOODS MUST BE COMPLETED WITHIN 24 HOURS UPON
RECEIPT OF THE QUALITY AND QUANTITY INSPECTION RESULTS.

THE FIRST INVOICE WILL BE CALCULATED BASED ON THE AVERAGE OF THE FIRST
PAYMENT
FIVE DAYS FOLLOWING THE B/L DATE AND MUST BE PAID ACCORDINGLY.

A SECOND INVOICE WILL THEN BE ISSUED BASED ON THE ONE-MONTH AVERAGE,

WITH ANY DIFFERENCE TO BE SETTLED BY THE BUYER/SELLER.

Q&Q AT LOADPORT, SHIP COMPOSITE QUALITY, BL QUANTITY (MT IN VACUUM)

INSPECTION AND ANALYSIS WILL BE CONDUCTED BY AN INDEPENDENT

INSPECTOR SUCH AS SGS OR EQUIVALENT.
INSPECTION
THE INSPECTION AND ANALYSIS WILL TAKE PLACE AT THE SHIP'S LOCATION.
COST
COSTS FOR THE INSPECTION AND ANALYSIS WILL BE SHARED EQUALLY BETWEEN
THE SELLER AND THE BUYER.
 23/03/2024

FORCE
AS PER SELLER CONTRACT`S TERMS
MAJEURE

LAW LAWS OF ENGLAND

JURISDICTION DIAC, DUBAI

BP 2015 TERMS APPLY WHERE NOT IN CONFLICT WITH THE ABOVE/STANDARD

GTC
SELLER CONTRACT'S TERMS.

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