EN590 Supplier
POLENDO PETROLEUM OF TEXAS, your trusted partner in supplying top-quality Liquid-Based Petroleum Commodities globally. We are committed to delivering excellence and reliability in every drop.
Products
EN590 10ppm , Jet A1 Fuel , WTI, FOB/ CIF PROCEDURES AVAILABLE
​ CONTACT US FOR PRICING AND AVAILABILITY
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SELLER PROCEDURE ON CIF BASIS
1. Buyer issue ICPO to seller along with company profile, on it’s official company letterhead with letter of acknowledgement, scanned
copies of buyer’s registration and international passport number of buyer to the seller.
2. Seller Company issue draft Contract/ Sales & Purchase Agreement (SPA Open for amendment if any).
3. Buyer within (3) working days sign SPA and returns to seller. Seller registered and legalized contract officially with the appropriate
Company name at seller’s expense.
authorities to facilitate booking of allocation and securing a legitimate approval for the transfer of Ownership Title/Allocation to buyer’s
4. Seller issues the following PPOP documents:
-Commitment to supply
- Availability of product
-Quality and Quantity Analysis Report
-Certificate of Origin
-Export License
-Charter party agreement (CPA).
5. Seller & buyer jointly sign the CPA from the shipping company and pay the CPA Fees, Buyer down payment will be
deducted from the Seller product value after inspection by SGS/CCIC at unloading Port by Buyer.
6. Seller issue NCNDA/IMFPA to be signed by all parties involved
7. Loading commence and Seller send to buyer the Bill of Lading, Vessel's Q88 of the Cargo.
8. Upon Vessel arrival at Port of Destination, Seller issue ATB/ DTA for buyer/buyer's Inspection team to
conduct CIQ or its equivalents.
9. Seller Transfers ownership Title / Full POP to buyer's name.
10.Buyer discharges the product and Seller pays commissions within 48 hours
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FOB TRANSACTION PROCEDURES TANK TO VESSEL TTV (ROTTERDAM/HOUSTON)
1. Buyer issues ICPO along with Chatter Party Agreement (CPA) or Tank Storage Agreement (TSA).
2. Seller issues Commercial Invoice (CI) for the available quantity in the storage tank in Rotterdam. Buyer signs and
returns back to seller within 48hours.
3. Seller issues to buyer the following documents;
• Refinery Commitment Letter to Supply.
•Tank Storage Receipt (TSR)
•(ATV) Authorization for Verification of the Product Electronically
•Injection Report
•Statement of Product Availability
•Notarized and Endorse NCNDA/IMFPA by the Seller Bank
•Authorization to Sell and Collect (ATSC)
•Payment Invoice for Tank Extension (Two Days)
4. Upon receipt of POP documents and extension payment of seller’s tank, seller issues Unconditional Dip Test
Authorization (UDTA). Within 48hours, buyer proceeds to contact seller tank farm Company for dip test to be carried
out.
5. Upon successful dip test in seller’s tank, seller issues to buyer the following documents;
•Fresh SGS not older than 48hrs
•Certificate of Origin
•Product passport
6. Buyer sends CPA and vessel information with Q88 and full details of the captain and Readiness to Receive Fuel into
the vessel (RTRF) to seller. Or buyer sends TSR for the injection into buyer tanks.
7. Seller contacts vessel Captain or tank farm and immediately commences injection into buyer vessel or tanks and issues
buyer Title of Ownership Certificate to be followed by all export documentations.
8. Buyer makes Payment by MT103 or TT Wire transfer for the total product and lifts the product and seller pays all
intermediaries involved in the transaction.
9. Seller and buyer proceed to sign contract for 12 months.
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TRANSACTION PROCEDURE DIP AND PAY TANK TO TANK FOB (ROTTERDAM/ HOUSTON)
1. Buyer issues ICPO on receipt of Seller's Soft Offer along with Tank Storage Agreement (TSA) as proof of
storage availability.
2. Seller issues commercial invoice, for the available quantity in the storage tank to Buyer, Buyer Signs CI and
returns to Seller including copy of NCNDA/IMFPA signed by all buyer groups with commission structures.
3. Seller issues the Dip Test Authorization letter for buyer and Buyer's Tank Farm endorsement along with the
following PPOP documents:
• Legalized Commercial Invoice
• Product Passport
• Availability of Product endorsed
• Authority to Sell & Collect (ATSC)
4. Seller issues Complete DTA attached with fresh SGS Report and Tank Storage Receipt (TSR) to Buyer, Buyer order
SGS to conduct Dip Test of the product in the Seller's Tank on Buyer expenses.
5. Upon successful Dip Test, sellers inject the fuel into buyer lease Storage Tank and sellers submit the full
injection report 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's payment.
7. Seller issues draft SPA to buyer to review for R&E monthly deliveries.
8. Buyer review and approves the SPA and issues SBLC/IRDLC irrevocable, non-transferable, auto revolving for
12 months shipment value, documentary letter of credit for length of contract and for each lift per schedule.
Buyer pays after Dip Test by MT103 Wire Transfer on each monthly quantity.
9. The subsequent delivery shall commence according to the terms and conditions of the contract.
10. Seller pays commissions to all intermediaries as per IMFPA/NCNDA 24 hours after receiving payment from
Buyer.
FOB TRANSACTION PROCEDURES TANK TO VESSEL TTV (ROTTERDAM/HOUSTON)
1. Buyer issues ICPO along with Chatter Party Agreement (CPA) or Tank Storage Agreement (TSA).
2. Seller issues Commercial Invoice (CI) for the available quantity in the storage tank in Rotterdam. Buyer signs and
returns back to seller within 48hours.
3. Seller issues to buyer the following documents;
• Refinery Commitment Letter to Supply.
•Tank Storage Receipt (TSR)
•(ATV) Authorization for Verification of the Product Electronically
•Injection Report
•Statement of Product Availability
•Notarized and Endorse NCNDA/IMFPA by the Seller Bank
•Authorization to Sell and Collect (ATSC)
•Payment Invoice for Tank Extension (Two Days)
4. Upon receipt of POP documents and extension payment of seller’s tank, seller issues Unconditional Dip Test
Authorization (UDTA). Within 48hours, buyer proceeds to contact seller tank farm Company for dip test to be carried
out.
5. Upon successful dip test in seller’s tank, seller issues to buyer the following documents;
•Fresh SGS not older than 48hrs
•Certificate of Origin
•Product passport
6. Buyer sends CPA and vessel information with Q88 and full details of the captain and Readiness to Receive Fuel into
the vessel (RTRF) to seller. Or buyer sends TSR for the injection into buyer tanks.
7. Seller contacts vessel Captain or tank farm and immediately commences injection into buyer vessel or tanks and issues
buyer Title of Ownership Certificate to be followed by all export documentations.
8. Buyer makes Payment by MT103 or TT Wire transfer for the total product and lifts the product and seller pays all
intermediaries involved in the transaction.
9. Seller and buyer proceed to sign contract for 12 months.
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About
Family Owned and operated from our Headquarters based in San Antonio Texas.
At POLENDO PETROLEUM OF TEXAS, we specialize in liquid-based petroleum commodities, catering to the needs of large oil companies, oil and gas brokers, and individual investors worldwide. Our mission is to ensure top-notch quality and reliable supply chains for all our clients.
With a focus on innovation and sustainability, we strive to be at the forefront of the petroleum industry, providing efficient and high-performance solutions that meet the diverse needs of our global clientele.
Our Offerings
Discover our range of premium petroleum products designed to meet the highest industry standards. From EN590 10ppm to Jet A1 fuel and crude oil, we have the solutions to fuel your success.
At Polendo Petroleum of Texas, we understand how difficult the market is with potential scams throughout the world. You will never receive solicitations from Polendo Petroleum of Texas, we only work directly with End Buyers and our trusted Refineries. If you are in need of our products and services, we will be more than glad to assist you around the clock.
EN590 10ppm
High-Quality Diesel
Our EN590 10ppm diesel offers superior quality and performance, meeting the stringent requirements of modern diesel engines. Count on us for top-grade diesel that powers your operations reliably and efficiently.
Jet A1 Fuel
Aviation Excellence
Experience aviation fuel of the highest standards with our Jet A1 fuel. Designed to meet the strict demands of aviation, our fuel ensures smooth and safe flights for passengers and cargo around the world.
Crude Oil
Raw Energy Source
Explore the raw energy source that drives industries worldwide with our premium crude oil. Trust us to provide you with quality crude oil that powers your operations with efficiency and reliability.