EN 590 FOB FUJAIRAH :
Quantity : 100 000MT
Price : $ 600+25 /1T
TANK TO TANK PROCEDURE (TTT) FOB FUJAIRAH:
1. Buyer issues ICPO and Company Registration Certificate or any I.D. with TSA for Seller's verification.
2. Seller issues Draft Commercial Invoice, Buyer signs and returns to Seller with his Tank Storage Agreement.
3. Seller leases and pays the Buyer's tank for 3 days for the Tank to Tank Injection Process, Buyer does pay his Tank Farm Company for 2 days after the Tank Farm Company has received the payment from the Seller Company. (Note: If Buyer has an existing TSR and or Buyer can provide TSR after signing of the commercial invoice on its own, there will be no need for joint payment for the Buyer's Tanks).
4. Seller provides Buyer with FULL POP Documents:
• Fresh SGS Report less than 48 hours.
• Dip Test Authorization-Unconditional.
• Injection Report.
• Storage Receipt with GPS Coordinates
• Tank Farm Bar-code Information.
• Letter of Commitment to Supply.
• Registration Certificate & Export License Copy.
• Authority to Sell & Collect (ATSC).
• ATV - For Physical Verification.
• Irrevocable Commitment to Supply for Spot and 12 months Contract.
• Injection Schedule signed by Buyer & Buyer 'stank farm.
5. Buyer conducts Dip-Test in Seller's tank; via SGS on Buyer's cost Seller injects the fuel into Buyer's Tank and Buyer makes payment based on Q&Q by MT103 wire transfer / TT according to the final Commercial Invoice.
6. Seller transfers the title of ownership as per Buyer's instruction. Buyer lifts the product.
7. Buyer pays all intermediaries involved in the transaction and subsequently monthly contract shipment continues as per terms and conditions of the Sales and Purchase Agreement contract between Buyer and Seller.
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