Petroleum Oils Supply: JET FUEL JP54 & JET A191/91 (AVIATION KEROSENE COLONIAL GRADE 54)

SOFT CORPORATE OFFER (SCO)

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
GNGROUP PROVIDES TO BUYERS:
a) Full / Soft Corporate Offer (FCO / SCO)
b) Template ICPO Format
c) Template CIS

STEP 2
BUYER PROVIDES TO GNGROUP:
a) Official ICPO, Address ICPO to: GNGROUP SUPPLIES SDN BHD, Attn to: MR. SYAPOL MA’AROF MOHD.
b) Copy of Buyer Scan Passport
c) Buyer’s Company Profile in PDF file
d) Latest BCL to GNGROUP SUPPLIES SDN BHD

STEP 3
GNGROUP PROVIDES TO BUYERS:
Draft SPA (Sales Purchases Agreement) For review, completion, or any correction.

STEP 4
The buyer sends the Draft SPA (Sales Purchases Agreement) back to Gngroup via Email

STEP 5
Gngroup provides to buyer “Proforma Invoice” and Buyer sign Proforma Invoice and email back to Gngroup.

STEP 6
BANK TO BANK PROCESS:
Buyer bank within 10 days issues SWIFT MT760 via SBLC to Seller Fiduciary Company nominated bank and sends SWIFT copy to seller. Final Payment, buyer release payment to seller bank after inspection at port / the coordinate point ship to ship, 100% payable for each shipment within 2 banking days upon the cargo passed SGS and receipt of all the relevant payment documents.

STEP 7
Seller issue Full POP and Shipping Documents, 2% PB 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 test report to buyer/Bank.

STEP 8
The seller loads and inspects the product on board the vessel, delivering it to an agreed safe port. Upon arrival at the delivery port, the buyer conducts their own inspection to verify the quantity and quality of the product.

Subsequently, at the destination port, an inspection of the goods is carried out, and the buyer releases payment to the seller's bank within 2 banking days after inspection. This payment is 100% payable for each shipment once the cargo passes SGS and upon receipt of all necessary payment documents.

STEP 9
Product is transferred to buyer’s vessel / tank with All Shipping Documentation and Title is transferred to buyer.

STEP 10
Seller pays commissions to both the Seller Side and Buyer Side as follows:
a) 50% goes to the Seller Side (50% allocated to the Seller Side)
b) 50% goes to the Buyer Side (50% shared between the Buyer Mandate and Intermediaries)

The commission agreement will be incorporated into an Irrevocable Master Fee Protection Agreement (IMFPA), which must be signed by both the buyer and seller parties before issuing the Sales and Purchase Agreement (SPA).

STEP 11
The buyer's bank issues an SBLC or BG for a 12-month valid period for the upcoming shipment. GNGROUP provides a 2% PB to the buyer's bank to cover one month's shipment, held throughout the contract and debited during the final shipment. The seller delivers the product to the buyer's port according to the contract schedule, providing the DTA/ATV/Fresh SGS, maintaining this process until the completion of the 12-month shipment.

[BANKING PROCEDURES FOR FOB BASIS]
GUARANTEE PAYMENT IS REQUIRED FROM BUYERS
MODE OF PAYMENTS: SWIFT MT760 VIA SBLC FOR FOB

STEP 1
Gngroup provides to buyers:
a) Full / Soft Corporate Offer (FCO / SCO)
b) Template ICPO Format
c) Template BCL Format
d) CIS Format

STEP 2
Buyer provides to Gngroup:
a) Official ICPO, Address ICPO to: Gngroup Supplies Sdn Bhd, Attn to: MR. SYAPOL MA’AROF MOHD.
b) Copy of Buyer Scan Passport
c) Buyer’s Company Profile in PDF file
d) Latest BCL to Gngroup Supplies Sdn Bhd

STEP 3
GNGROUP Issues Draft SPA (Sales Purchases Agreement) and Proforma Invoice for Buyer to sign and return to Seller.

STEP 4
BANK TO BANK PROCESS:
Buyer bank within 10 days issue SWIFT MT760 VIA SBLC to Seller Fiduciary Company nominated bank and sends SWIFT copy to seller.

STEP 5
Upon confirming the SBLC through a bank-to-bank procedure within 7 to 14 days, the seller will bear the cost of renting tanks, fill them with fuel, and subsequently furnish the buyer with the required documentation.

a. Unconditional DTA
b. Authorization to Verify (ATV)
c. TSR
d. Fresh SGS (less than 48 hours old)
e. Commitment to Supply
f. Certificate of Origin
g. Q & Q done by indigenous lab at port of Origin.
h. Authorization to Sell (ATS)
i. License Certificate
j. Statement of availability of product

STEP 6
The buyer conducts a Dip Test on the fuel stored in the secured tanks using SGS equivalent methods. Payment of 100% is made by the buyer once the Dip Test is successful and approved by SGS.

STEP 7
Seller issues Title Documents to buyer and seller allows buyer to take over the hired tanks storage.

STEP 8
Seller pays Commission to Seller Side and Buyer side commissions:
A. 50%: Seller Side: (50% Closed to Seller Side)
B. 50%: Buyer side: (50% Open to Buyer Mandate & Intermediaries)
C. The agreed commission will be included within an Irrevocable

Master Fee, Protection Agreement (IMFPA) to be signed between the buyer and the seller, group of each party prior to issuance of the Sales and Purchase Agreement (SPA).

STEP 9
For monthly Buyer’s bank will issue New SBLC or BG expansion for 12 Months for subsequent shipping and GNGROUP opens 2% PB to buyer bank for 12-month contract sales of products. Sellers move the fuel to Terminal Port (Seller Port) and inject fuel into the hired tank and issue DTA/ATV/ Fresh SGS/TSR with (GPS), PIR/Q88/BL to buyer and buyer Dip Test and pay via MT103/T/T this will continue till the 12 months delivery is completed.

ABOUT JET FUEL

DESCRIPTION AND REVIEWS AVIATION FUEL JP54:
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.