SOFT CORPORATE OFFER (SCO) JET FUEL A1
Gngroup Supplies Sdn. Bhd. in collaboration with our refinery, manufactory, factory, supplier or seller, with full legal responsibility, hereby issue this Soft corporate Offer with given terms and conditions as stated in this offer to confirm our readiness to execute a sales and purchase agreement with the ability to supply the following commodity according to the terms and conditions stipulated in this soft corporate offer.
Commodity: Jet Fuel JP54 & Jet A191/91 (Aviation Kerosene Colonial Grade 54)
Loading Port: Rotterdam or Seller Option
Incoterms: CIF ASWP or FOB
Packing: Bulk Tanker / Seller’s Option
Minimum Order: 500,000 BBL
Maximum Order: 5,000,000 BBL
Commission: USD$ 2.00 Per BBL
Shipment Guaranteed: 2% PB (Performance Bond)
Cargo Insurance: 110% by seller
INSPECTION:
For CIF
a) Inspection at loading port (seller port) by SGS for quality, quantity, fully at seller’s expense.
b) Final inspection at port of discharge (buyer port) by SGS for quality, quantity, fully at buyer’s expense.
For FOB
The buyer performs a dip test on the product by SGS or an agent and payment is authorized by the buyer for the product and seller will transfer the ownership of the product to the buyer and along with title documents to the buyer.
{BANKING PROCEDURES FOR CIF AWSP}
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS:
MODE OF PAYMENMTS: SWIFT MT760 VIA SBLC FOR CIF
Step 1 – Seller to Buyer
Step 6 – Bank-to-Bank Process
1. Buyer applies for Draft SWIFT MT760 SBLC from the issuing bank.
2. Issuing bank issues Draft SWIFT MT760 SBLC → Buyer forwards to GNGROUP.
3. GNGROUP forwards Draft to Fiduciary/Beneficiary → then to Receiving Bank.
4. Receiving Bank reviews Draft (may request correction/amendment or approve).
5. If approved → GNGROUP instructs Buyer to proceed with Final SWIFT MT760 SBLC.
6. Buyer sends copy of Final SWIFT MT760 SBLC to GNGROUP (review/approval).
7. GNGROUP forwards Final copy to Fiduciary/Beneficiary for follow-up with Receiving Bank.
8. The Receiving Bank conducts compliance and internal approval procedures (including AML/KYC checks). Once cleared, the Receiving Bank will request the Issuing Bank to send the Hard Copy SBLC via secure courier.
9. Once Receiving Bank confirms receipt of Hard Copy → Final SWIFT MT760 SBLC is activated in SWIFT system.
💡 Note:
Many buyers assume that once an SBLC is issued, POP and PB must be released immediately. In reality, the SBLC must first be: Verified by the receiving bank,
Cleared under Central Bank regulations (AML/KYC),
Activated in the SWIFT system only after the Hard Copy is received.
Only then can the seller proceed with PB/POP issuance.
Step 7 – Seller to Buyer
The Seller issues Full POP and Shipping Documents, 2% PB (PERFORMANCE BOND) Including:
a) Copy of Commercial Invoice.
b) Copy of Approval to License certificate.
c) Copy of Statement of Availability of the Product.
d) Copy of the Refinery Commitment to Produce the Product.
e) Copy of the Transnet Contract to Transport the Product to the Port.
f) Copy of the Port Storage Agreement.
g) Copy of the Charter Party Agreement(S) To Transport the Product to Discharge Port.
h) Dip test Authorization, Tank receipt and SGS report.
i) Copy of Vessel Questionnaire 88
j) Copy of Bill of Lading.
k) Certificate of Origin.
l) Allocation Transaction Passport Code Certificate [ATPCC]
m) The customs formalities and the test report to the Buyer/Bank.
💡 Note:
POP is only issued once the SBLC has been fully activated in the SWIFT system. This ensures that the seller’s risk is covered.
Step 8 – Shipment
Commodity: Jet Fuel JP54 & Jet A191/91 (Aviation Kerosene Colonial Grade 54)
Loading Port: Rotterdam or Seller Option
Incoterms: CIF ASWP or FOB
Packing: Bulk Tanker / Seller’s Option
Minimum Order: 500,000 BBL
Maximum Order: 5,000,000 BBL
Commission: USD$ 2.00 Per BBL
Shipment Guaranteed: 2% PB (Performance Bond)
Cargo Insurance: 110% by seller
INSPECTION:
For CIF
a) Inspection at loading port (seller port) by SGS for quality, quantity, fully at seller’s expense.
b) Final inspection at port of discharge (buyer port) by SGS for quality, quantity, fully at buyer’s expense.
For FOB
The buyer performs a dip test on the product by SGS or an agent and payment is authorized by the buyer for the product and seller will transfer the ownership of the product to the buyer and along with title documents to the buyer.
{BANKING PROCEDURES FOR CIF AWSP}
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS:
MODE OF PAYMENMTS: SWIFT MT760 VIA SBLC FOR CIF
Step 1 – Seller to Buyer
GNGROUP SUPPLIES SDN BHD provides to the Buyer:
a) Full/Soft Corporate Offer (FCO/SCO)
b) ICPO Template Format
c) BCL/CIS Template Format
Step 2 – Buyer to Seller
a) Full/Soft Corporate Offer (FCO/SCO)
b) ICPO Template Format
c) BCL/CIS Template Format
Step 2 – Buyer to Seller
Buyer provides to GNGROUP SUPPLIES SDN BHD:
a) Official ICPO, addressed to:
To: GNGROUP SUPPLIES SDN BHD
Attn: TBA IN OFFICIAL SCO/FCO
b) Copy of Buyer’s Passport (scanned)
c) Buyer’s Company Profile (PDF)
d) CIS Applicant SBLC
Step 3 – Seller to Buyer
a) Official ICPO, addressed to:
To: GNGROUP SUPPLIES SDN BHD
Attn: TBA IN OFFICIAL SCO/FCO
b) Copy of Buyer’s Passport (scanned)
c) Buyer’s Company Profile (PDF)
d) CIS Applicant SBLC
Step 3 – Seller to Buyer
GNGROUP provides to the Buyer:
a) Draft Sales and Purchase Agreement (SPA) for review, completion, or correction.
b) CIS Fiduciary Receiver SBLC / Beneficiary details.
Step 4 – Buyer to Seller
a) Draft Sales and Purchase Agreement (SPA) for review, completion, or correction.
b) CIS Fiduciary Receiver SBLC / Beneficiary details.
Step 4 – Buyer to Seller
Buyer returns the reviewed Draft SPA to GNGROUP SUPPLIES SDN BHD via email.
Step 5 – Seller to Buyer
Step 5 – Seller to Buyer
GNGROUP SUPPLIES SDN BHD issues a Proforma Invoice.
Step 6 – Bank-to-Bank Process
1. Buyer applies for Draft SWIFT MT760 SBLC from the issuing bank.
2. Issuing bank issues Draft SWIFT MT760 SBLC → Buyer forwards to GNGROUP.
3. GNGROUP forwards Draft to Fiduciary/Beneficiary → then to Receiving Bank.
4. Receiving Bank reviews Draft (may request correction/amendment or approve).
5. If approved → GNGROUP instructs Buyer to proceed with Final SWIFT MT760 SBLC.
6. Buyer sends copy of Final SWIFT MT760 SBLC to GNGROUP (review/approval).
7. GNGROUP forwards Final copy to Fiduciary/Beneficiary for follow-up with Receiving Bank.
8. The Receiving Bank conducts compliance and internal approval procedures (including AML/KYC checks). Once cleared, the Receiving Bank will request the Issuing Bank to send the Hard Copy SBLC via secure courier.
9. Once Receiving Bank confirms receipt of Hard Copy → Final SWIFT MT760 SBLC is activated in SWIFT system.
💡 Note:
Many buyers assume that once an SBLC is issued, POP and PB must be released immediately. In reality, the SBLC must first be: Verified by the receiving bank,
Cleared under Central Bank regulations (AML/KYC),
Activated in the SWIFT system only after the Hard Copy is received.
Only then can the seller proceed with PB/POP issuance.
Step 7 – Seller to Buyer
The Seller issues Full POP and Shipping Documents, 2% PB (PERFORMANCE BOND) Including:
a) Copy of Commercial Invoice.
b) Copy of Approval to License certificate.
c) Copy of Statement of Availability of the Product.
d) Copy of the Refinery Commitment to Produce the Product.
e) Copy of the Transnet Contract to Transport the Product to the Port.
f) Copy of the Port Storage Agreement.
g) Copy of the Charter Party Agreement(S) To Transport the Product to Discharge Port.
h) Dip test Authorization, Tank receipt and SGS report.
i) Copy of Vessel Questionnaire 88
j) Copy of Bill of Lading.
k) Certificate of Origin.
l) Allocation Transaction Passport Code Certificate [ATPCC]
m) The customs formalities and the test report to the Buyer/Bank.
💡 Note:
POP is only issued once the SBLC has been fully activated in the SWIFT system. This ensures that the seller’s risk is covered.
Step 8 – Shipment
Seller loads the vessel and inspects cargo onboard.
Delivery at agreed safe port → Buyer conducts inspection.
Upon SGS clearance & receipt of all payment documents → Buyer pays 100% within 2 banking days.
💡 Note:
Payment is not triggered by POP alone, but by successful SGS inspection and full compliance of shipping documents.
Step 9 – Transfer of Title
Delivery at agreed safe port → Buyer conducts inspection.
Upon SGS clearance & receipt of all payment documents → Buyer pays 100% within 2 banking days.
💡 Note:
Payment is not triggered by POP alone, but by successful SGS inspection and full compliance of shipping documents.
Step 9 – Transfer of Title
Product and all shipping documents transferred to Buyer. Title passes to Buyer.
Step 10 – Commission Payment
Step 10 – Commission Payment
Seller pays commission as follows:
A) 50% Seller’s Side (Closed)
B) 50% Buyer’s Side (Open – Buyer Mandate & Intermediaries)
Commission terms covered by an IMFPA signed prior to SPA issuance.
💡 Note:
IMFPA is necessary to protect all intermediaries and avoid disputes once commission is due.
Step 11 – Subsequent Shipments
A) 50% Seller’s Side (Closed)
B) 50% Buyer’s Side (Open – Buyer Mandate & Intermediaries)
Commission terms covered by an IMFPA signed prior to SPA issuance.
💡 Note:
IMFPA is necessary to protect all intermediaries and avoid disputes once commission is due.
Step 11 – Subsequent Shipments
Buyer’s Bank issues SBLC/BG valid for 1 Year 1 days.
GNGROUP provides 2% PB covering one month’s shipment (valid until final shipment).
Seller continues deliveries as per contract schedule with DTA/ATV/Fresh SGS until 12-month cycle completes.
💡 Note:
It should be clarified whether the SBLC is Revolving or Extendable. This avoids misinterpretation between Buyer and Seller.
{BANKING PROCEDURES FOR FOB ROTTERDAM & OTHER LOCATION}
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS:
MODE OF PAYMENMTS: SWIFT MT760 VIA SBLC FOR FOB BANKING PROCEDUES
STEP 1 — Seller Provides Initial Documents
GNGROUP SUPPLIES SDN BHD issues the following to the Buyer:
GNGROUP provides 2% PB covering one month’s shipment (valid until final shipment).
Seller continues deliveries as per contract schedule with DTA/ATV/Fresh SGS until 12-month cycle completes.
💡 Note:
It should be clarified whether the SBLC is Revolving or Extendable. This avoids misinterpretation between Buyer and Seller.
{BANKING PROCEDURES FOR FOB ROTTERDAM & OTHER LOCATION}
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS:
MODE OF PAYMENMTS: SWIFT MT760 VIA SBLC FOR FOB BANKING PROCEDUES
STEP 1 — Seller Provides Initial Documents
GNGROUP SUPPLIES SDN BHD issues the following to the Buyer:
a) Full / Soft Corporate Offer (FCO / SCO)
b) ICPO Template
c) BCL / CIS Template
STEP 2 — Buyer Submits Compliance Documents
Buyer provides to GNGROUP SUPPLIES SDN BHD:
b) ICPO Template
c) BCL / CIS Template
STEP 2 — Buyer Submits Compliance Documents
Buyer provides to GNGROUP SUPPLIES SDN BHD:
a) Official ICPO
i) Addressed to: GNGROUP SUPPLIES SDN BHD
ii) Attention: TBA IN OFFICIAL SCO/FCO
i) Addressed to: GNGROUP SUPPLIES SDN BHD
ii) Attention: TBA IN OFFICIAL SCO/FCO
b) Buyer's Passport Copy
c) Buyer Company Profile (PDF)
d) Latest BCL / CIS
STEP 3 — Seller Issues Contracts
GNGROUP SUPPLIES SDN BHD issues the following for Buyer’s review & signature:
c) Buyer Company Profile (PDF)
d) Latest BCL / CIS
STEP 3 — Seller Issues Contracts
GNGROUP SUPPLIES SDN BHD issues the following for Buyer’s review & signature:
a) Draft Sales & Purchase Agreement (SPA)
b) Proforma Invoice (PI)
Buyer signs and returns both documents.
STEP 4 — Bank-to-Bank
b) Proforma Invoice (PI)
Buyer signs and returns both documents.
STEP 4 — Bank-to-Bank
Process
1. Buyer applies for Draft SWIFT MT760 SBLC from the issuing bank.
2. Issuing bank issues Draft SWIFT MT760 SBLC → Buyer forwards to GNGROUP.
3. GNGROUP forwards Draft to Fiduciary/Beneficiary → then to Receiving Bank.
4. Receiving Bank reviews Draft (may request correction/amendment or approve).
5. If approved → GNGROUP instructs Buyer to proceed with Final SWIFT MT760 SBLC.
6. Buyer sends copy of Final SWIFT MT760 SBLC to GNGROUP (review/approval).
7. GNGROUP forwards Final copy to Fiduciary/Beneficiary for follow-up with Receiving Bank.
8. The Receiving Bank conducts compliance and internal approval procedures (including AML/KYC checks). Once cleared, the Receiving Bank will request the Issuing Bank to send the Hard Copy SBLC via secure courier.
9. Once Receiving Bank confirms receipt of Hard Copy → Final SWIFT MT760 SBLC is activated in SWIFT system.
💡 Note:
Many buyers assume that once an SBLC is issued, POP and PB must be released immediately. In reality, the SBLC must first be: Verified by the receiving bank, cleared under Central Bank regulations (AML/KYC), Activated in the SWIFT system only after the Hard Copy is received. Only then can the seller proceed with PB/POP issuance
STEP 5 — Seller Provides Full POP Documents
Upon SBLC confirmation within 7–14 days, Seller pays for tank lease, injects product, and provides the Buyer with the following documents:
2. Issuing bank issues Draft SWIFT MT760 SBLC → Buyer forwards to GNGROUP.
3. GNGROUP forwards Draft to Fiduciary/Beneficiary → then to Receiving Bank.
4. Receiving Bank reviews Draft (may request correction/amendment or approve).
5. If approved → GNGROUP instructs Buyer to proceed with Final SWIFT MT760 SBLC.
6. Buyer sends copy of Final SWIFT MT760 SBLC to GNGROUP (review/approval).
7. GNGROUP forwards Final copy to Fiduciary/Beneficiary for follow-up with Receiving Bank.
8. The Receiving Bank conducts compliance and internal approval procedures (including AML/KYC checks). Once cleared, the Receiving Bank will request the Issuing Bank to send the Hard Copy SBLC via secure courier.
9. Once Receiving Bank confirms receipt of Hard Copy → Final SWIFT MT760 SBLC is activated in SWIFT system.
💡 Note:
Many buyers assume that once an SBLC is issued, POP and PB must be released immediately. In reality, the SBLC must first be: Verified by the receiving bank, cleared under Central Bank regulations (AML/KYC), Activated in the SWIFT system only after the Hard Copy is received. Only then can the seller proceed with PB/POP issuance
STEP 5 — Seller Provides Full POP Documents
Upon SBLC confirmation within 7–14 days, Seller pays for tank lease, injects product, and provides the Buyer with the following documents:
a) Unconditional DTA
b) Authorization to Verify (ATV)
c) TSR
d) Fresh SGS (less than 48 hours)
e) Commitment to Supply
f) Certificate of Origin
g) Q&Q by Indigenous Lab at Port of Origin
h) Authorization to Sell (ATS)
i) License Certificate
j) Statement of Availability of Product
STEP 6 — Buyer Dip Test & Payment
Buyer conducts Dip Test (SGS or equivalent) at Seller’s secured tank. Upon successful results, Buyer pays 100% via MT103 / T/T.
STEP 7 — Title Transfer
Seller issues Title Documents and grants the Buyer full possession of the hired storage tanks.
STEP 8 — Commission Payment
Seller pays commissions as follows:
b) Authorization to Verify (ATV)
c) TSR
d) Fresh SGS (less than 48 hours)
e) Commitment to Supply
f) Certificate of Origin
g) Q&Q by Indigenous Lab at Port of Origin
h) Authorization to Sell (ATS)
i) License Certificate
j) Statement of Availability of Product
STEP 6 — Buyer Dip Test & Payment
Buyer conducts Dip Test (SGS or equivalent) at Seller’s secured tank. Upon successful results, Buyer pays 100% via MT103 / T/T.
STEP 7 — Title Transfer
Seller issues Title Documents and grants the Buyer full possession of the hired storage tanks.
STEP 8 — Commission Payment
Seller pays commissions as follows:
A. 50% Seller Side (Closed)
B. 50% Buyer Side (Open to Buyer Mandates & Intermediaries)
💡 Note:
All commissions structured under an IMFPA (Irrevocable Master Fee Protection Agreement) to be signed before SPA issuance.
STEP 9 — Monthly Deliveries (12 Months Contract)
For continuous monthly supply:
B. 50% Buyer Side (Open to Buyer Mandates & Intermediaries)
💡 Note:
All commissions structured under an IMFPA (Irrevocable Master Fee Protection Agreement) to be signed before SPA issuance.
STEP 9 — Monthly Deliveries (12 Months Contract)
For continuous monthly supply:
a. Buyer issues new SBLC/BG (roll & extend)
b. Seller issues 2% Performance Bond (PB) to Buyer’s Bank
c. Seller moves product to port, injects into tanks, and issues:
Buyer performs Dip Test and makes payment via MT103/T/T monthly until contract completion.
b. Seller issues 2% Performance Bond (PB) to Buyer’s Bank
c. Seller moves product to port, injects into tanks, and issues:
- DTA / ATV
- Fresh SGS
- TSR + GPS
- PIR / Q88 / BL
Buyer performs Dip Test and makes payment via MT103/T/T monthly until contract completion.
ABOUT JET FUEL
JP54 is an acronym for "Jet Propulsion, A1, Colonial Grade 54". During the refining process, only 15% of crude oil consists of JP54, the rest of the grade is used for various types of plastic.
Developed by JP Morgan, the colonial grade JP54 has been replaced by AVGAS, also known as AVGAS100LL, which is a low-sulfur kerosene used worldwide. It's gasoline!
JP54 provides the operation of gas turbine aircraft engines. Jet A and A-1 have specifications that can be used in fuels all over the world. Jet B is used in cold weather conditions.
In fact, most of the jet fuel exported from Russia is "JP54" or "Colonial JP54". It is similar to "Jet A", except that the specific energy is 18.4 mJ/kg, compared to 42.8 mJ/kg of "Jet A".
There is also a slight difference in supplements. Jet fuels have many specifications. There is a 100+ page guide needed to describe them. However, all jet fuels are A1, which allows the engines not to leave a white tail in the sky, showing where the aircraft is.
Jet fuel is kerosene, not a distillate such as Gasoil/Diesel. At the refinery, it is separated from gasoline and paraffin.
Thus, no airline will ever buy the JP54. There are no suppliers that will trade JP54, nor will you find an oil company that sells JP54. They will sell A1 aviation fuel to a variety of specifications. On commodity exchanges, there is no ticker for "JP54" so that you can see the market value of the product.
There are no special temperature dependencies. Remember that at an altitude of 40,000 feet, the temperature is on the order of -46 degrees, no matter where you are or what time of year. The only problem with temperature is that when you visit areas with humid hot climates, the air that is in your tanks contains a lot of water, which condenses and forms piercing ice crystals that will destroy the jet turbine. Airlines correct this with additives, usually fatty acids.
Military-grade jet fuel is produced in refineries and shipped directly from them, as it requires special additives.
PRODUCTS IMAGE
Feel free to contact us for any further clarifications and assistance, we look forward to receiving your LOI/ICPO to begin cooperation.
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‼️WhatsApp:
(Mr. Saif)
http://www.wasap.my/60105375779/OilPetroleum
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(Ms. Nur)
http://www.wasap.my/601129291396/OilPetroleum
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(Ms. Far)
http://www.wasap.my/601155025779/OilPetroleum.
.
‼️WhatsApp:
(Mr. Saif)
http://www.wasap.my/60105375779/OilPetroleum
.
(Ms. Nur)
http://www.wasap.my/601129291396/OilPetroleum
.
(Ms. Far)
http://www.wasap.my/601155025779/OilPetroleum.