PROCEDURE FOB TANK TO TANK ROTTERDAM PORT
1. The buyer issues ICPO, CIS, KYC, a copy of the buyer’s passport, Company Registration Certificate, Company Profile with TSA for seller’s approval.
2. Seller issues, commercial invoice (CI) for the product available in tanks at the port. Buyer Signs and submit the CI to the seller.
3. Seller issues a copy of SGS report and Non-Disclosure Agreement document (NDA) to the Buyer corporate email and buyer' s Tank Farm to verify product in seller' s tank reservoir and SGS report.
4. Upon successful verification of the SGS and product in sellers’ tank by buyer's tank farm company, Seller pays 2 days Tank storage lease and buyer pay 1 day tank storage lease for the injection process to buyer’s tank farm company. Upon confirmation of both seller and buyer payment receipt to buyer’s tank farm company, Seller issues the below listed PPOP
documents to buyer:
* Fresh SGS (not older than 48 hours)
* Certificate of Origin
* Authorization to Verify (ATV)
* Dip Test Authorization (DTA)
* Commitment to Supply
* Tank Storage Receipt (TSR)
* Authority to Sell and Collect (ATSC)
* Injection Report.
5. Seller and buyer signs NCNDA/IMFPA between all intermediaries involved for commission payment.
6. Buyer inspects by SGS (Dip test in seller tanks) at buyer' s expense.
7. Seller Issue (Authorization to Transfer from Seller Tank to Buyer Tank) upon buyers satisfactory.
8. Buyer makes payment for the product via MT 103 after completed injection and receiving copy of bill of lading and seller transfers the Certificate of Ownership to buyer and Seller pays commission to all intermediaries as per IMFPA involved in the transaction within 48 hours after confirmation of the buyer's payment.
9. Seller issues draft SPA to the buyer to review for R&E monthly deliveries.
10. Buyer reviews and approves the SPA and issues SBLC/IRDLC irrevocable, transferable, divisible, 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 one each monthly quantity.
11. The subsequent delivery shall commence according to the terms and conditions of the contract.
Quantity Required : 200000 Metric Ton/Metric Tons
Shipping Terms : FOB
Destination Port : Procedure Fob Tank To Tank Rotterdam Port,
Payment Terms:
SBLC or Bank Comfort Letter (BCL) upon contract signing or if requested
Destination:
Rizhou Port, China
Looking for suppliers from:
Worldwide
Product Description
Buyer is interested to receive quotations for the following RFQ -
Product Name: Diesel EN590 10ppm
Specifications :
Quantity: 200K MT Spot Then Long Term Contract 100MT For 52 Weeks
Please Note Im Buyers Direct Mandate And Looking For Direct Sellers . Please Avoid Long Chain Mandate In Order To Save The Time
Packaging Terms : Customized
Quantity Required : 200000 Metric Ton/Metric Tons
Shipping Terms : CIF
Destination Port : Rizhou Port, China
Payment Terms : SBLC or Bank Comfort Letter (BCL) upon contract signing or if requested
