Oil Trading Service
Oil Trading
Kaplan works with different refineries in the Russian Federation providing product diversity and very competitive prices since the relationship is direct and without intermediaries.
We follow refinery purchasing protocols that protect both buyer and seller, both CIF and FOB. These procedures are not negotiable, they are the ones established by the refineries and it is not allowed any change on it. The following is the FOB procedure:
1. Buyer issue “ICPO and TSA” containing the seller's working procedure with scanned copy of buyer's passport along with buyer
Company certificate of incorporation.
2. Seller issues commercial invoice of the product in tanks at the port, to be sign by buyer and buyer logistics tank company or DTA signed by buyer logistic tank company.
3. Upon receipt of the signed CI and Seller verifies and issue the below pop.
4. Buyer inspects by SGS on buyer expenses.
5. Seller issues following POP document to buyer and conduct the analysis of the Dip Test on the products.
A. Q&Q REPORT.
B. INJECTION REPORT.
C. UNCONDITIONAL DIP TEST AUTHORIZATION LETTER.
D. AUTHORIZATION TO SELL AND COLLECT.
E. FRESH SGS 48 HOURS REPORT.
F. AUTHORIZATION TO VERIFY THE PRODUCTS PHYSICALLY AT THE SELLER TANK.
6. Upon successful dip test in seller tank the injection shall commence into buyer tank and the total products fee will be released via MT103, Seller pay all the intermediaries involved in the transaction per NCNDA/IMFPA agreement and subsequently monthly
shipment continue as per terms and conditions of the sales agreement between buyer and seller.
