Engineered Boards, Furniture Hardware
Buyer is interested to receive quotations for the following RFQ -
Product Name: Light Crude Oil
Specifications :
Procedures Tanker Take Over (TTO)
1. Buyer Issues An Official Icpo With Company Registration License.
2. Seller Issues Takeover Of Contract Mou To Buyer Along With The Ncnda/imfpa For
All Parties/intermediaries To Sign, Buyer Signs And Returns The Takeover Of Contract
Mou With An Official Acceptance Letter To Execute The Transaction Along With The
Ncnda/imfpa Signed By All Parties/intermediaries Involved.
3. Seller legalizes the Takeover of Contract MOU and within 48hrs release copies to
buyer with the PPOP/Shipping Documents;
Bill Of Lading
Vessel Tanker Details
Cargo Manifest
Product Passport (analysis Test Report)
3% Payment Invoice
4. Upon Receipt Of The Above Documents By The Buyer, Buyer Verifies Product
Availability/vessel Positioning Via The Vessel Master/captain And Shipping
Company; Buyer Within 48hrs Makes 3% Part Payment Of The On-board Product
Quantity As Transaction Commitment And Security Guarantee Deposit/payment
Via T/t-mt103 To Seller’s Bank (note: The 3% Part Payment Will Be Deducted From
The Product Total Value)
5. Upon Receipt Confirmation Of The Above Payment, Seller Issues The Act Of Transfer
/ Change Of Ownership Title Documents, Loading Port Sgs Test Report, Product
Approval To Export Certificate, Product Export License Certificate, Authorization To
Board The Vessel (atb) And Dip Test Authorization (dta) And All Shipping
Documents Will Be Re-issued In Buyer’s Name And Vessel Will Be Sent/rerouted To
The Buyer’s Discharge Port
6. Upon Arrival Of The Vessel At Discharge Port And On Successful Discharge Port Sgs
Or Equivalent Inspection, Buyer Pays 97% Balance Payment Of The Total Product
Value Via T/t-mt103.
7. Seller Pays Commission To All Parties Stipulated In The Signed Ncnda/imfpa Within
72 Hours.
Additional Details / Information
Delivery Tanker Take Over (vessel Reroute To Buyer’s Desginated Destination Port)
Packaging Terms : Customized
Quantity Required : 100000 Metric Ton/Metric Tons
Shipping Terms : TTO
Destination Port : China
Payment Terms : MT103
Looking for suppliers from : Worldwide
Contact : Dwayne Stallion
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