cif gllc procedure

products & prices

diesel gas d2 oil

minimum quantity: 10,000 mt/month

maximum quantity: 500,000 mt/month

cif price: $390.00 mt (gross) / $380.00 mt (net)

fob price: $380.00 mt (gross) / $370.00 mt (net)

mazut m100

minimum quantity: 10,000 mt/month

maximum quantity: 500,000 mt/month

cif price: $360.00 mt (gross) / $350.00 mt (net)

fob price: $350.00 mt (gross) / $340.00 mt (net)

aviation kerosene colonial grade 54 jet fuel

minimum quantity: 500,000 barrels/month

maximum quantity: 5,000,000 barrels/month

cif price: $96.00 bbl (gross) / $94.00 bbl (net)

fob price: $94.00 bbl (gross) / $92.00 bbl (net)

virgin fuel oil d6

minimum quantity: 400,000,000 gallons/month

maximum quantity: 800,000,000 gallons/month

cif price: $0.99 (gross) / $0.97 (net)

fob price: $0.97 (gross) / $0.95 (net)

export blend crude

minimum quantity: 10,000 barrels/month

maximum quantity: 3,000,000 barrels/month

cif price: $86.00 (gross) / $84.00 (net)

fob price: $84.00 (gross) / $82.00 (net)

liquefied petroleum gas

minimum quantity: 10,000 mt/month

maximum quantity: 1,000,000 mt/month

cif price: $380.00 mt (gross) / $370.00 mt (net)

fob price: $370.00 mt (gross) / $360.00 mt (net)

liquefied natural gas (lng)

minimum quantity: 100,000 mt/month

maximum quantity: 400,000 mt/month

cif price: $380.00 mt (gross) / $370.00 mt (net)

fob price: $370.00 mt (gross) / $360.00 mt (net)

fuel oil cst 180

minimum quantity: 10,000 mt/month

maximum quantity: 500,000 mt/month

cif price: $290.00 mt (gross) / $280.00 mt (net)

fob price: $280.00 mt (gross) / $270.00 mt (net)

urea 46% prilled & granular

minimum quantity: 10,000 mt/month

maximum quantity: 50,000 mt/month

cif price: $210.00 mt (gross) / $200.00 mt (net)

fob price: $200.00 mt (gross) / $190.00 mt (net)

jet a1 fuel

minimum quantity: 500,000 barrels/month

maximum quantity: 5,000,000 barrels/month

cif price: $88.00 bbl (gross) / $84.00 bbl (net)

fob price: $94.00 bbl (gross) / $92.00 bbl (net)

diesel en590

minimum quantity: 30,000 mt/month

maximum quantity: 500,000 mt/month

cif price: $420.00 mt (gross) / $410.00 mt (net)

fob price: $425.00 mt (gross) / $415.00 mt (net)

petroleum coke

minimum quantity: 50,000 mt/month

maximum quantity: 400,000 mt/month

cif price: $110.00 mt (gross) / $100.00 mt (net)

cif gllc transaction procedure

buyer issues icpo with this procedure integrated along with its registration certificate.

seller issues spa (sale & purchase agreement), which buyer signs and returns within 3 days.

seller issues proof of product (ppop) documents including:

supply commitment

certificate of origin

product passport

seller arranges transportation and signs charter party agreement (cpa) with buyer and shipping company.

seller issues a transfer of title agreement, legalizes the contract and completes customs formalities.

issuance of proof of product (pop) documents:

validated cpa

product allocation certificate

injection report

export license

buyer issues sblc mt760 or dlc mt700 for the first cargo.

sgs inspection at loading port (costs borne by seller).

shipment and arrival at destination port with final sgs inspection.

final payment within 3 5 banking days after cargo validation.

commission distribution as per ncnda/imfpa.

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