200.000 tons
EN590 10 PPM
non sanctioned product
price
usd 580 per ton gross
usd 570 per ton net
FOB Rotterdam
PROCEDURES (TANK â?? TANK)
1. Buyer sends ICPO on receipt of Soft Offer along with Tank Storage Agreement (TSA) as proof of
storage tank availability.
2. Seller verifies and issues Commercial Invoice (CI) for available quantity in the Storage Tank to include
the product specifications along with: -
*Product Passport Analysis
*Commitment to Supply
*Certificate of Origin
3. Buyer signs and returns CI to Seller along with ATV approved by their logistics company for Seller
Verification purpose
4. Upon receipt of the signed CI and ATV, Seller verifies and issues the POP documents: -
*Fresh SGS Report
*Dip Test Authorization (DTA)
*Loading Port Injection Report
*Tank Storage Receipt/Reservoir Receipt
*Authorization to Sell and Collect (ATSC)
*NCNDA/IMFPA Agreement
5. Upon successful verification of the POP documents, Buyers orders SGS report to conduct Dip test on the Product in sellerâ??s tank at buyerâ??s expense
6. Following the completion of the Dip Test with results consistent to the specifications on the CI, Buyer provides ATI and Seller injects fuel into Buyer's leased storage. Seller submits the full Injection report to
the Buyer.
7. Buyer makes 100% payment by MT 103 TT wire transfer for the total product and Seller pays
commission to all Intermediaries involved in the transaction within 24 hours after confirmation of
Buyerâ??s payment
8. Buyer reviews and approves the SPA and issues SLBC/DLC for 12 monthly Shipment value and
Documentary Letter of Credit or Standby Letter of Credit for length of contract and for each lift per
schedule. Buyer pay after dip test by MT103 wire transfer on each monthly quantity
