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BUY JP54 AND OTHER COMMODITIES STICTLY WITH BELOW PROCEDURES

  • Algeria Algeria  
  • Last Updated:
    Posted on: 14 Sep 2020

  • Buying Frequency: Monthly
  • Payment Terms: L/C

RFQ Details


BUY JP54 AND OTHER COMMODITIES STICTLY WITH BELOW PROCEDURES/ ICPO IN HAND.

1. Buyer issue ICPO along with company profile.
2. Upon seller’s approval of ICPO and CP Seller Issues Commercial Invoice.
3. Buyer sign and return to seller.
4. All parties involved sign the master fee protection agreements.
4. Seller issue to the Buyer the Partial Proof of Product (PPOP) which includes these
mentioned below among other documents:
4.1. Fresh SGS Report at Rotterdam
4.2. Unconditional Dip Test Authorization (DTA) 72 hours’ validity
4.3. Tank Storage Receipt(TSR)
5.After verifications, Buyer orders SGS to conduct dip test in seller's tank in Rotterdam
on buyer EXPENSES/ACCOUNT
6. After successful dip test, buyer provides immediately his TSR, ATI for injection into buyer's tank(s) and seller shall immediately submit full proof of the product to buyer. In the event Buyer fails to issue his TSR within 24 hours, Buyer will be responsible for tank demurrage.
7. Buyer makes 100% payment by MT103/TT transfer for the total product.
8. Seller pays commission to seller side and buyer pays commission to buyer side within
24 hours after receipt of payment.
9. Seller will issue draft contract for R&E to Buyer for his approval and acceptance for monthly delivery on a 12 months’ contract with possible extension. Stated in the contract the agreed banking instrument to be issued by Buyer and seller as proof of guarantee.
10. Buyer upon acceptance of the submitted contract will start/commence delivery as per stipulated in the contract payment will be made after dip test on every lift by MT103/TT

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