EN590 DIP & PAY FOB China

Category: Jet Fuel

DIESEL FUEL EN590 10PPM
Origin : Kazakhstan
Intercoms : TTT
Quantity: 50,000 - 2,000,000 METRIC
FOB Price: $510 Gross/$490 Net Per Metric Ton
Commission: Seller $10 / Buyer $10
Terms of Trade FOB tank to tank
Destination Port ZHOUSHAN, QINGDAO
DIP PROCEDURES & PAY FOB ZHOUSHAN, QINGDAO

Price: Pls ask

1 The Buyer Issues an ICPO, containing the seller’s work procedures and Buyers Banking details, along with TSA(TANK STORAGE AGREEMENT), Buyer Certificate of Incorporation, Company Profile (CP) and International Passport Copy.

2. Seller issues ICC Warning Letter and Commercial Invoice of products in tank at port. Buyer signs and returns commercial invoice with acceptance letter stating to adhere to Seller procedure.

3. The Seller visits Buyer’s Tank Farm Office with a copy of the SGS Report and shows SGS report strictly to the Buyers Tank Farm Company only to verify the SGS Report Quality and Quantity with SGS office.

4. After confirmation of successful verification of SGS Report only by Buyers Tank Farm Company, the Seller pays Buyers Tank for the first 3 days and the Buyer pays his Tank Company for 3 Days after his Tank Company receives payment from the Seller

5. Buyer’s Tank Farm provides 6 days TSR.

6. Seller sends injection schedule and Buyer returns signed and sealed Injection Schedule.

7. Seller commences injection of the product to Buyer’s Tank and completes the injection.

8. The Seller issues the following POP documents to the Buyer; the Buyer performs a Dip Test on the product ifneeded and makes payment for the total value of the product injected into the tank via MT103 / TT:
(a) SGS report for quality and quantity at shore tank not older than 48hours
(b) Tank storage receipt with full GPS coordinates
(c) Product Certificate of Origin
(d) Product injection report at shore tank
(e) Unconditional dip test authorization letter (f) NCNDA-IMFPA agreement
(g) Q&Q
(h) Authorization to sell and collect

9. Seller sends payment to all intermediaries involved in the transaction 24 hours after receiving confirmation of Buyer Payment as per signed & sealed NCNDA/IMFPA which is notarized by Public Notary in Kazakhstan and Authorized by Sellers Bank and then monthly remittance is continued as per terms and terms of the contract of sale and purchase agreement between the buyer and seller.



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