ULTRA
LOW SULPHUR DIESEL [ULSD] EN590
10PPM
TTT RotterdamHoustonTTT The owner of an oil trading company is with
me directly
The company has tanks in Rotterdam and deals with 13 refineries
there. It also has tanks in Houston, America, and also Singapore,
and the following brochure explains the mechanism of work.
I) The buyer issues an ICPO which contains the seller's business
procedures and banking details along with the buyer's TSA and
company registration certificate
2) The seller issues a commercial invoice for the product in the
tanks at the port, and the buyer signs the commercial invoice and
returns it to the seller with a letter of acceptance.
3). Seller issues appointment letter to seller's representative to
provide new SGS report for less than 24 hours to buyers and buyers'
logistics for proper verification at buyers' tank station after
successful SGS verification, whereby seller inspects buyers' tank
for injection
4) When successful verification of SGS report is confirmed by Buyer
Company and Buyers Tank Farm Company, Seller Issue
a) IPA signed by Tank Farm Buyers and Buyers
b) Sale and Collection Authorization c) Supply Commitment d)
Product Availability Statement
5) Upon confirmation of signed injection authorization Seller
Agreement Issue to Buyers
a) New SGS Report Less than 24 hours to buyer's company name
b) Questions and questions report. And injection report.
c) Authorization to physically verify the product in the seller's
tank (ATV) d) Tank Storage Receipt TSR
6) Buyer performs a submersion test on the product in the seller's
tank and makes payment for the total value of the product via MT
103-TT to enable the injection process into their filtered
tanks
7). The seller pays all brokers involved in the transaction, and
then monthly shipments continue according to the terms and
conditions of the purchase and sale agreement contract between the
buyer and seller.
TERMS AND CONDITIONS FOB TANK TO VESSEL
I. Upon acceptance of the sellers' offer, the buyer issues the
purchase order [ICPO], a copy of the passport, completed projects
in the license and the CPA
2. Upon Buyer's acceptance, ICPO Seller issues a commercial invoice
for Buyer's review and signature of the track lift order for the
assignment granted
3. The buyer and seller sign a contract with the pipeline injection
company and make payment to inject the product from the seller's
tank into the buyer's vessel
4 Seller issues POP documents as described below;
-Dipping Test Authorization [DTA]
-Recent SGS Report -Ullage Report Tank Storage Receipt
-Tank Injection Report Authorization for Verification
5. Seller starts injection in buyer's tank warehouse, and buyer
inspects it by SGS.
6. The seller issues a document to all brokers involved in the
transaction and to the seller/buyer, certified by NCNDA/IMFPA.
7. The buyer pays for the product via MT 103 after the injection is
completed and a copy of the bill of lading is received and the
seller transfers title to the buyer and signs the annual delivery
contract. The price is FOB $520.00 gross / $510.00 net per metric
ton commission.
: US$5.00 by seller, US$5.00 by buyer per metric ton
