Jp54, A1,D6
All products in Rotterdam tankers
Procedure
1. Seller's Official Representative Issues a Soft Corporate Offer and
Buyer sends ICPO, CP and Tank Storage Agreement (TSA) as proof of storage availability.
2. Seller verifies and issues Commercial Invoice (CI) for available quantity in the storage tank to include the Product specifications, along with Commitment to supply, Statement of Product Availability and Certificate of Origin Of the product buyer signs and returns CI to Seller along with ATV approved by their logistics Company for Seller verification purposes.
3. Upon receipt of the signed CI and ATV, Seller verifies and issues the POP documents:
A) Seven days Unconditional DTA
B) 48 hour fresh SGS Report issued in Rotterdam C) Loading port injection report
D) Product Passport
E) Tank Receipt
F) ATSC
G) Bill of Lading
4. Upon successful verification of the POP documents, Buyer orders SGS report to conduct Dip Test of the product in Sellers Tanks at Buyers expense.
5. Following the completion of the Dip Test with results consistent to the specifications on the CI, Buyer provides ATI and Seller injects fuel into Buyer's leased storage tanks. Seller submits the full injection report to the Buyer.
6. Buyer makes 100% payment by MT 103 TT wire transfer for the total product and Seller pays Commission to all Seller Side Intermediaries as Buyer pays commissions to all Buyer Side Intermediaries Involved in the transaction within 24 hours after confirmation of the Buyer's payment.
7. Seller issues draft SPA to Buyer to review for R&E monthly deliveries.
8. Buyer reviews and approves the SPA and issues SLBC/ IRDLC irrevocable, nontransferable, Auto revolving for 12 monthly shipment value and Documentary Letter of Credit or Standby Letter of Credit for length of contract
JP54 liftable 1-5 m bbls
D2. liftable 200,000-500,00mt
Mazut liftable 50,000-100,000mt
Jet A1 liftable 1m-2m my
. 1.Seller issues SCO for Buyers review and acceptance.
2. Buyer accepts seller working procedure and issues ICPO addressed to the seller refinery.
3. Seller issues Commercial Invoice (CI) buyer signs and returns back commercial invoice.
4. Seller provides the buyer with the below-listed PPOP. â?¢ Product Passport (Product Analysis Report)
â?¢ DTA â?¢ Tank Storage Receipt (TSR)
â?¢ Certificate of Origin
â?¢ ATV
5. Buyer Extend the Sellers Tank for the DIP Test of the product by SGS.
6. SGS Team / Buyers team will visit and verify the product.
7. Immediately After Verification Buyer receives the SGS report of the product.
8. The buyer confirms the report and Seller sends the remaining product document to Buyer.
9. Buyer confirm the documents and release payment of the product by MT 103, Seller changes the title of ownership. 10. Buyer extends further the Sellers Tank or Buyer immediately transport the product into Buyers vessel. Seller pays commissions to all intermediaries involved in the transaction according to the signed NCNDA/IMFPA
