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More Items Similiar to: Wanted : En590 Diesel Or Jet Fuel
Specifications
Buyer Requires TTT Rotterdam and TTV Fujairah
Trial Order 100000MT
200000MT per month 1 Year contract
Jet Fuel A1 75
Trial Order 1000000 bbls
2000000 bbls
Buyer Procedure
TRANSACTION WORKING PROCEDURE FOB ROTTERDAM TTT TTV
1 Buyer issues ICPO and TSA Tank Storage Agreement for seller approval
2 Seller provides commercial invoice CI for the available quantity in the sellers
storage tank
3 Buyer signs CI and returns it to the seller
4 Seller issues the following Proof of Product POP documents to the Buyer
ATSC Authority to Sell Cargo
DTA Dip Test Authorization
Product Passport Product Analysis Report
Statement of Product Availability
Commitment Letter to Supply
5 After a successful dip test Buyer takes over sellers tank or Seller injects into
buyers vesseltank
6 Buyer makes payment for the total value of the product injected into the tanks
or vessel through MTI03 TT
7 Seller issues Title ownership of the product and all exporting documents to
the Buyer
Procedure Fujairah TTV
1 Buyer issues ICPO
2 Seller issues Commercial Invoice CI buyer signs and returns it
3 Buyer provides CPA VESSEL for seller verification and acceptance
4 Seller issues the following documents to buyer
ATSC
DTA
PRODUCT PASSPORT
AVAILABILITY OF PRODUCT
5 Seller injects into buyers vessel and buyer conducts its own DIP TEST Inspection for Q Q
of the Petroleum Products injected into the vessel
6 After Buyers successful Q Q Dip test on the product buyer makes the payment for the
total value of product injected into the tanks through MT103 TT
7 Upon seller receiving the payment for the product from the buyer seller issues the Title
ownership of the product and all exporting documents of the product
8 Buyer lifts the product
9 Seller pays all intermediaries involved in the transaction
10 Signed NCNDA along with CI within 48 hours after receiving ICPO from the buyer
Buyer requests an FCO confirming procedures before ICPO is issued
