Diesel EN590 10 PPM

Product Details

Product availability: FOB Rotterdam and Fujaira.
Price: 630$.
Procedure:

1. The Buyer accepts the Seller's work procedure and issues an ICPO with the bank's reference seal in the name of the Seller through the Seller's representative.

2. Seller issues commercial invoice (CI) and Buyer signs and returns commercial invoice along with Buyer’s Tank Storage Agreement (TSA), Bank Confirmation Letter (BCL), acceptance letter of commitment to execute transaction.

3. Seller issues to Buyer the below Partial POP Documents:
a) Statement of Product Availability.
b) Unconditional Commitment to Supply.
c) SGS Chemical Testing Application Form issued by Seller, to be signed by Buyer for processing of Fresh SGS.
d) Inspection Approval Letter to be signed by buyer’s tank farm.

4. Upon confirmation of the above documents by Buyer, Seller issues to the Buyer the below Full POP Documents:
a) Injection Schedule.
b) Act of Transfer / Change of Ownership Documents.
c) Authority to Sell and Collect (ATSC) d) Freshly updated SGS Report (72 Hours).
e) Injection / Q&Q Report.
f) Tank Storage Receipt (TSR) with tank number, GPS coordinates and tank location.
g) Authorization to Verify (ATV) physical verification.
h) Unconditional Dip Test Authorization (DTA).

5. NCNDA/IMFPA will be signed, and the Fee, shall be paid by the Buyer.

6. Buyer within 24 hours, after a successful dip test in seller tanks, provide tank storage receipt (TSR) seller proceed for Tank-to-Tank injection and provide the buyer with the injection report of the product into buyer tanks.

7. Buyer makes the payment for the total cost of the product injected into buyer tanks, via MT103 against the Final commercial invoice, Seller transfer title ownership to the buyer, with all exportation documents required of the buyer for the transaction.

8. Upon conclusion of first lift transaction, Buyer pays all intermediaries involved in the transaction, assigned (NCNDA/IMFPA) to the Beneficiaries designated Bank Account.

9. Seller issues Final Agreement to Buyer Company to review Contract for 12 – Months (R/E) Monthly Deliveries. Buyer open DLC for the next shipments and pays after successful Dip - Test, by MT103 Wire Transfer on each Monthly Delivery.

10. Buyer pays commissions to Intermediaries, via MT103 according to Monthly Delivery.