Requirements and procedures for purchase of hydrocarbons

Cabo San Lucas, October 14, 2024

Dear customer:

It is a pleasure for us to introduce ourselves a SKS Corporativo Empresarial SAPI de CV, a leading company in the sale of hydrocarbons, dedicated to offering high-quality products and services in the energy sector. Since our founding in 2022, we have worked with the commitment to meet the needs of our clients, always guaranteeing efficiency and sustainability.

At SKS Corporativo Empresarial, we understand that energy is fundamental to the development of various industries. Therefore, we offer a wide range of products, including oil, natural gas, and biofuels. Our services also cover distribution and storage, ensuring that our clients receive what they need, when they need it.

Our mission is to contribute to the sustainable growth of the energy sector, and we do so through responsible and efficient practices. In addition, we have a team of highly trained professionals who are ready to provide advice and personalized attention.

We would like to explore the possibility of establishing a business relationship with you. We are convinced that we can add value to your operation through our products and services.

We thank you in advance for your attention and remain at your disposal for any questions or to schedule a meeting where we can discuss further how to collaborate.

 

Sincerely,

 

Erick Villegas Perez.

CEO

SKS Corporativo Empresarial SAPI de CV

 

PURCHASE REQUIREMENTS

As representatives of the refinery, we must carry out all operations based on the internal protocols and assigned documentation requirements, so for all hydrocarbon purchases, the following documents must be sent:

– Letter of Intent to Purchase (LOI)

– Client Information Sheet (CIS)

– Tank Storage Agreement (TSA)

– Tank Storage Receipt (TSR) * It will only be delivered when the procedure requests it.

– Proof of Founds (POF)

Send the documentation to the email fuels@suksessempresarial.com addressed to SKS Corporativo Empresarial SAPI de CV, attention Erick Villegas, CEO. The due diligence of verification of the data provided will be carried out in order to ensure the veracity of the entity issuing the documents, likewise at the time of acceptance of the Letter of Intent to Purchase (LOI) a Soft Offer (SCO) will be issued with the details of the procedure, validated prices, and execution times of the operation.

Once the Soft Offer (SCO) is accepted, the client will issue an Irrevocable Corporate Purchase Order (ICPO) duly signed and sealed by the client.

Once this is done, within a period of 24 to 72 hours, the storage logistics company will be contacted to ensure the operation and the refinery will issue a Commercial Invoice (CI) to formally start the operation and the procedure indicated for the operation will continue.

In the event of not completing the operation once the ICPO has been accepted and signed, where the causes are not attributable to the client, the client will be released from any liability, otherwise the client will have to pay a penalty established for each operation individually for breach of contract, as well as all costs that may exist or payments made by the refinery or the representative company. 

 

TANK TO TANK EXTENSION

 

  1. Buyer Sends ICPO, Company Registration Certificate, and International Passport Copy
  2. Seller sends CI and buyer Signs and Return it to the Seller
  3. Seller Releases ATSC, ATV, Letter of Readiness to Inject, Q&Q (Latest test agreed and accepted, 1 month up to date), and Certificate of Origin.
  4. Buyer’s Contact Seller’s Tank Farm in order to take over, and lease the Seller Tanks for the total period of DIP TEST. (Seller releases Unconditional DTA for the Buyer to Confirm with his own SGS’s Team)
  5. Buyer signs NCNDA/IMPFA and return to Seller
  6. Upon confirmation, Seller authorizes Buyer to pay the Product and Upon Confirmation, release all Export Documents and Title of Ownership Transfer Certificate.
  7. Possible Roll and Extensions

PROCEDURE FOR FOB TANK TO TANK.

1.Buyer issue ICPO to the Seller upon acceptance of the SCO

  1. Seller issues Commercial Invoice (CI), Buyer signs and returns to the Seller with (TSA) as proof of storage availability.
  2. Seller leases and pays the Buyer’s tank for 3 days first and Buyer does pay his Tank Farm Company for 2 days after his Tank Farm Company has received the payment from Seller Company.
  3. Seller issues following POP documents to Buyer:
  4. a) Product passport
  5. b) Dip test authorization letter (DTA) Unconditional
  6. c) Authorization to Sell and to Collect (ATSC)
  7. d) NCNDA/IMFPA is signed by Seller, Buyer and all intermediaries.
  8. e) Fresh SGS (less than 48 hours old)
  9. Buyer conducts Dip test on the product and makes the payment for the total value of the product injected into the tanks through the means of MT103 TT. Ownership is exchanged and exported documentation is provided after receipt of funds for the total value of the product.
  10. Seller pays Seller’s intermediaries in the transaction and the Buyer pays all the buy side intermediaries, subsequently monthly shipment continues as per terms and conditions of the sales and purchase agreement contract between Buyer and Seller.

FOB ROTTERDAM AND HOUSTON / PROCEDURE TANK TO VESSEL

 

  1. The Buyer sends ICPO on receipt and acceptance of the Seller’s Soft Offer.
  2. The Seller Issues Commercial Invoice (Cl) for the Buyer’s endorsement, alongside with passport product (Quality Certificate).
  3. The Buyer signs and returns the Cl to Seller with Copy of International Passport (Data Page)
  4. All Parties sign NCNDA / IMFPA and return for the Seller’s Bank acknowledgment. The Seller issues the readiness to inject and UDTA with ATV, ATSC to Buyer.
  5. The Buyer contacts the Seller Tank Administrator to execute the Quality & Quantity, and to register in the Tank Farm Terminal prior to the Inspection.
  6. Upon the Successful Dip Test Inspection in the Sellers Tank, the Buyer Submits the TSR from his Tank Farm or NOR from his Shipping Company, and Seller Injects the product into the Buyer Tank or Vessel.
  7. The Seller releases the Complete POP Documents to the Buyer, including the following documents: • Resource Confirmation Letter (issued by the End-Refinery).
  8. The Buyer issues 100% payment for the total product by MT103/TT Wire Transfer to the Seller.
  9. The Seller transfers the product title with the complete POP Documents to the Buyer and pays the Commission to the Intermediaries as per Master Fee Agreement.
  10. The Seller issues annual (12 months) delivery contract for the review and acceptance.

NON-NEGOTIABLE FOB DIP & PAY PROCEDURE

 

  1. Buyer sends ICPO to Seller on receipt of Seller’s Soft Corporate Offer.
  2. Seller issues commercial invoice CI, for the available quantity to Buyer, Buyer Signs and returns to Seller with TSA and NCNDA/IMFPA signed by all buyer groups with commission structures.
  3. Seller issues, Dip Test Authorization letter sign by all parties including buyers tank farm. (Note: If Buyer TSA doesn’t meet with seller verification’s, Buyer have no other choice to extend on our tanks to Enable Buyer dip and lift from our tanks.
  4. Upon the sign of DTA by all parties Seller issues fresh SGS Report, Tank receipt, Injection Report, Certificate of Origin, Refinery Reservoir Receipt.
  5. Buyer order SGS to Conduct Dip test of the product in the Seller Tank on buyer expense upon successful dip test, Buyer provide vessel details or Tank details, Seller shall immediately submit the (SGS) inspection Report along with the full Proof of Product (POP) to the Buyer.
  6. Buyer makes 100% payment by MT103 TT wire transfer for the total product and Seller pays Commission to all intermediaries involved in the transaction within 24 hours after confirmation of the Buyer Payment.

TRANSACTION PROCEDURES FOR CIF DELIVERY

1. Buyer Company issues Irrevocable Corporate Purchase Order (ICPO) on its official company letterhead to the seller.

2. Seller Company Issue Draft Contract / Sales & Purchase Agreement (SPA Open for amendments if any) both parties sign and seal the present contract and exchange the copies electronically.

3. Seller Company registers and legalizes contract officially with the appropriate authorities to facilitate booking of allocation and securing a legitimate approval for the Transfer of Ownership Title/Allocation to buyer’s Company name at seller’s expense.

4. Seller Company sends hard copy of the notarized and insured POP documents along with the legalized Contract to buyer Company. The Partial POP documents to be send along with the legalized Contract include:

a)      Certificate of Origin.

b)      Company Registration Certificate.

c)      Statement of Product Availability.

d)      Product Quality Passport (Dip Test Analysis).

e)      Refinery Commitment to Produce / Supply.

f)       Proforma Invoice.

5. On confirmation of the receipt of the partial POP, buyer must within Seven (7) banking days issue the Bank Guarantee in the form of (SBLC/MT760  OR DLC-MT700 ). Failure to issue the said bank guarantee within the stipulated days. Buyer issues a Performance security financial deposit of $320,000.00USD (Three Hundred and Twenty Thousand United State Dollars). This is to enable the seller secure the service of the Vessel for the transportation of the product to buyer’s destination port.

Note: Fee made by buyer will be deducted when making payment for the total cost of the product at the discharge port after a successful CIQ/SGS test at the discharge port.


6. Seller’s bank sends through swift the original and full Proof of Product (POP) documents along with the 2% operative performance bond to the buyer’s bank and the irrevocable documentary letter of credit issued by the buyer’s bank on to the seller’s bank will become immediately operative.

a)      Copy of the Charter Party Agreement to transport the product to discharge port.

b)      Copy of Shipping Schedule Document.

c)      Product Analysis Report.

d)      Certificate of Origin. Bill of Lading Tank Receipt.

e)      Vessel Q88.

f)       SGS Report.

g)      Certificate of Product.

7. Both banks will confirm to seller and to buyer that the irrevocable documentary letter of credit and 2% PB has been accepted and the shipping commences as scheduled in the contract for the CIF delivery.

8. Payment will be made for the product by the buyer’s Bank via T/T MT103 Wire Transfer to the seller’s bank after the CIQ/SGS Inspection at port of delivery.

This document contains the same information as the original document, if any information between the PDF document and this page does not match please ignore the PDF document you are trying to verify, for any additional information send an email to info@suksessempresarial.com

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