Buyer must have VESSEL at Singapore water. After DipTest can be Longside immediately.

Kindly submit below documents ASAP for Lock the stock
- ICPO & CPA nominated by Singapore port.

FOB TANK TO VESSEL (TTV) TRANSACTION PROCEDURE

1. Buyer issues irrevocable corporate purchase order (ICPO) with Seller procedure, passport copy, Company profile (CP) and charter party agreement (CPA) as Buyer proof of storage availability to receive the product to Seller for Refinery approval.

2. Seller releases the partnership statement.

3. ⁠The buyer sign and return the partnership statement to seller.

4. After review and approval, Seller issues Draft acknowledgment of intended fund transfer Letter (BNM) & Commercial Invoice (CI) for Buyer to sign and return and Seller confirms acceptance by issuing commitment letter to supply the available product in Seller’s tanks in the designated port.

5. Buyer provides Seller Buyers vessel information and details for obtain of the port clearance through the nominated terminal on Buyers cost.

6. Upon receipt and confirmation of the port clearance Talon form the nominated terminal, Seller issues to Buyer the PPOP Documents as listed below:
• Unconditional Dip Test Authorization (DTA)
• Tank Storage Receipt (TSR)
• Product Passport - ANALYSIS RESULT
• Injection Report
• SGS Report of the product upon confirmation of Buyer’s vessel port clearance talons form the nominated terminal by Seller tank.

7. Buyer conducts inspection by SGS at Buyer’s expenses.

8. Upon successful Dip Test in Seller’s tank, Buyer makes payment for the product via Telegraphic Transfer (TT wire Transfer) and injection commences immediately into the Buyer vessel as scheduled and the Seller transfers the title of ownership Certificate to the Buyers name as the legitimate owner of the goods and submits all documents.