export EN590 FOB TTT
Category: Petroleum
PRODUCT: DIESEL OIL EN590 10PPM
Origin : KAZAKHSTAN | SAUDI ARABIA
Intercoms : TTT, TTV
Spot Quantity: 30,000 MT
Maximum Quantity: 100,000 Metric Ton Per with R&E
Price: GROSS USD $ 440 / USD $ 430 NET
Commission: Seller $5 closed / Buyer $5 open
Loading Port: ROTTERDAM / FUJAIRAH
Price: Pls ask
TRANSACTION PROCEDURES FOB DIP & PAY:
1. Buyer issues ICPO with Full Banking, Passport Copy, Company Registration Certificate and copy of TSA.
2. Buyer and Seller execute Commercial Invoice (CI).
3. Seller provides Dip Test Authorization Letter (DTA) and Tank Storage Receipt (TSR) to Buyer.
4. Buyer secures permit to have access to the facility and cost to Buyer. Buyer or Buyer representatives may also like to take pictures of the product samples, verification that the Tank Valves are Locked Out and photocopy. All Documents that display the Gauges and their Calculation including the Strapping Charts prior to SGS conducting Dip Test in Seller’s Tank, Buyer will be responsible for charges required.
5. Within 48 hours of Tank Storage access approval and verification of the product in Seller Tank, Buyer instructs SGS to perform Q&Q.
6. After a successful DIP Test, within a maximum period of 48 hours, the Buyer orders his Bank to issue a Swift Message to the Vendors Bank to Confirm the Availability of MT103/TT Funds to perform the transaction, and pays through MT103/TT for the cash transaction, including fees, and the Seller injects the product into the Buyers Container or injects it into the Buyers Banks and issues all the Export Documents.
7. Upon receipt of Notarized NCNDA/IMFPA Buyer’s Bank pays Commissions as per NCNDA/IMFPA to Mandates and Intermediaries within 24hrs.
TRANSACTION PROCEDURES FOB TANK TO VESSEL..
1. Buyer issues ICPO addressed to Seller/Refinery along with CPA from Shipping Company’s Name. CPA to be provided should include both Seller/Buyer Name.
2. Seller issues Commercial Invoice (CI) for the available quantity, Buyer signs and returns back Commercial Invoice.
3. Seller provides the following POP to Buyer NOR, Product Passport and Product Injection Schedule from a reputable Pipeline Injection Company as a Guarantee of Product Availability in Pipeline Trunks ready for Injection will be provided to Buyer,
4. Seller provides Buyer with the below listed PPOP and ATV after Injection is Completed:
• SGS Q&Q Report (Conducted in Buyer Vessel not older than 24hours)
• Injection Report (Injection Report of Product into Buyer Vessel)
• Authorization to Sell and Collect (ATSC)
• ATB Authority to Board for Buyer to Reconfirm Product in Vessel (Optional)
5. NCNDA/IMFPA will be signed by all Intermediaries involved in the Transaction.
6. Buyer confirms Seller SGS Report or Buyer Orders SGS to conduct Q&Q in Vessel
7. Buyer receives satisfactory Report from SGS and Buyer makes payment for Total Cost of Product Injected into Buyer Vessel via MT103. Seller transfer Title Ownership to Buyer.
8. Intermediaries pay NCNDA/IMFPA notarization charges required by the Government Assigned Notary to enable lodge the Notarized NCNDA/IMFPA with our Bank for Onward Remittance of Commissions as per Notarized NCNDA/IMFPA.
9. Upon receipt of Notarized NCNDA/IMFPA Seller Bank pays commissions as per NCNDA/IMFPA to Mandates and Intermediaries within 24hrs.
#Petroleum#FOB TTT#TTV#Kazakhstan#SAUDI ARABIA