Netherlands – Aviation kerosene – Refreshment operation/relocation Jet fuel stock

Description

Under terms and conditions of the Framework Agreement for the purchase of crude oil and oil products No. COVA/2024/1 (hereafter referred to as: “Framework Agreement”) Stichting Centraal Orgaan Voorraadvorming Aardolieproducten (hereafter referred to as: “COVA”) herewith invites all parties that have concluded the Framework Agreement with COVA (hereafter referred to as “Selected Party“ or “Selected Parties”) without any commitment on the side of COVA to participate in tender R-31/2026 for the combined sale of Jet fuel at Evos Ghent and the purchase of Jet fuel at Sunoco Bantry Bay organized by COVA (hereafter referred to as: “Tender”). The Tender combines, as meant in article 4.3 of the Framework Agreement: (i) a Sale of Jet fuel as per appendix 1/2 (hereafter referred to as “Jet fuel”), delivered FOB as per Incoterms 2020 (or the latest version published). (ii) a Purchase of Jet fuel as per appendix 1/2 (hereafter referred to as: “Jet fuel”), delivered DPU as per Incoterms 2020 (or the latest version published) with A pro forma draft of the purchase contract (hereafter referred to as: “Purchase Contract”) and a pro forma draft of the sales contract (hereafter referred to as: “Sales Contract”) are attached to this tender invitation as appendix 7 and appendix 8. In view of the fact this concerns an overall total bid tender a financial Settlement agreement (“Settlement Agreement”) will be used (appendix 9). The Purchase-, Sales Contract and Settlement Agreement are hereafter jointly referred to as “Contracts”.