FOB PROCEDURE TANK to TANK

1. Seller mandate issue SCO, buyer issues official ICPO including TSA/CPA and buyer company certificate and buyer international passport to the seller.

2. Seller Acknowledges Buyer ICPO and issues Commercial Invoice, Buyer signs and return back Commercial Invoice (CI)..

3. Seller provides Buyer with the Below Listed PPOP.
• CERTIFICATE OF ORIGIN
• DIP TEST AUTHOURISATION (DTA).
• INJECTION REPORT (IR)
• Tank storage receipt (TSR)

4. Buyer endorse DTA with his Tank Farm or Extend Seller Tank to enable Buyer receive full GPS coordinates of the tanks, Hub Numbers, Terminal Access Permit to dip test in Seller Tank and obtain fresh SGS Report.

5. After a successful Dip Test in Seller’s tanks, Buyer takes over seller’s tank or Seller injects into buyer’s vessel / Tank and the buyer makes the payment for the total value of the product injected into the tanks through the means of MT103-TT.

6. Upon seller receives the payment for the product from the buyer, the seller issues to the buyer the Title ownership of the product and all exporting documents of the Product. The seller pays all Intermediaries involved in the transaction