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Kinder Morgan
Kinder Morgan’s EN590 procedure refers to the process and protocols involved in the trade and delivery of EN590 diesel fuel, specifically through Kinder Morgan’s storage and logistics services.
⦁ The buyer and seller enter into a contractual agreement specifying the quantity, quality, delivery schedule, and price of EN590 fuel.
⦁ The buyer provides a Letter of Intent to the seller, which outlines the specifics of the intended purchase, including the quantity and specifications of the EN590 fuel.
⦁ The fuel is inspected to ensure it meets the EN590 specifications. This may involve laboratory testing for sulphur content, density, flash point, and other parameters.
⦁ Payment methods are typically secured through financial instruments such as a Standby Letter of Credit (SBLC) or Documentary Letter of Credit (DLC). This is to ensure that funds are available before the fuel is delivered.
⦁ The logistics of transporting the fuel are coordinated, which may include pipeline, rail, barge, or truck deliveries, depending on the buyer’s location and logistics capabilities.
⦁ Once all inspections and financial arrangements are in place, the fuel is loaded onto the designated mode of transport and delivered to the buyer’s specified location.
⦁ Upon delivery, a final inspection may be conducted to ensure compliance with EN590 standards. All documentation, including inspection certificates, shipping documents, and invoices, is exchanged between the parties.
⦁ Payment is released according to the terms of the financial instrument used (e.g., SBLC or DLC).
These procedures can vary depending on the specific contract terms between the buyer and seller and may be subject to Kinder Morgan’s internal policies and compliance requirements.
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