Please provide a quotation to the following requirement from importer -
Product: EN590 Diesel
Specifications:
Quantity: 200,000 MT per month x 12 Months
Transaction Procedure:
1. Buyer issues ICPO along with Charter Party Agreement (CPA) for seller's approval.
2. Seller issues Commercial Invoice (CI) for the available quantity. Buyer signs and returns.
3. Seller provides Partial Proof of Product (PPOP), including:
a. Tank storage reservoir receipt,
b. Product passport report,
c. Title Transfer Affidavit,
d. Certificate of Origin,
e. UDTA (Unconditional Dip Test Authorization)
4. Buyer conducts SGS inspection for quality and quantity verification. Upon a satisfactory dip-test report, buyer pays the total cost of the product.
5. Seller transfers title of ownership to the buyer and injects the product into the buyer's storage or vessel.
NOTES
Required agreements (Irrevocable Paymaster Agreement - IPA / Tank to Vessel Injection Agreement - TTVIA) are signed before product injection.
Seller and buyer sign a 12-month contract if satisfactory, with continued deliveries as per agreement.
PERFORMANCE BOND:
A 2% Performance Bond (PB) will be issued upon contract signing.
PAYMENT TERMS:
MT103/TT Wire Transfer upon successful SGS dip-test inspection at Fujairah storage tanks.
INSPECTION:
SGS or equivalent inspection at seller's expense.
Key Directives
Seller must confirm full capability to execute under the above terms.
All procedures must adhere to international compliance and standard industry practices.
Performance-ready sellers are invited to present their best offers with full terms.
We look forward to your swift confirmation and engagement.
Please quote for the following wholesale product requirement -
Product Name : EN590 Diesel
Specifications :
Quantity: 200K MT X 12.
Only Send Me Offers If. You Have This Procedure.
1. Buyer confirms soft offer and issues ICPO along with Charter Party Agreement (CPA) for seller's
approval.
2. Seller issues commercial invoice (CI) for the available quantity in the seller's storage tank. Buyer
signs Cl and return.
3. Seller provides the following Partial Proof of Product (PPOP) documents to the buyer:
a. Tank storage reservoir receipt.
b. Product passport report
c. Title Transfer Affidavit documentd. Certificate of origin
e. UDTA
4. Buyer conducts the quality and quantity SGS inspection. Upon the satisfactory dip-test report, the
buyer pays the seller for the total cost of the product.
5. The seller transfers title to the buyer and injects the product into the buyer's reservoir or vessel.
Necessary documents like the Irrevocable Paymaster Agreement (IPA) or Tank to Vessel Injection
agreement (TTVIA) is signed by the seller and buyer before pumping.
6. The seller pays commissions to all intermediaries within 48 hours after receiving payment from the
buyer.
7. The seller and buyer sign a contract for a 12-month shipment if necessary and satisfactory. The
buyer schedules for the dip test at the seller's tank storage.
