SPOT DEAL FOB PROCEDURES FOR ROTTERDAM.
1. Buyer issues IPO in buyer company letterhead and buyer details.
2. Seller issues commercial invoice for buyer to buyer to review sign and return to seller within 48 hours with their Tank Storage signed Agreement (TSA) or CPA
3. Seller issues below Partial Proof of Product
documents (POP) as below:
a) Commitment to supply.
b) Authorization to Sell and Collect (ATSC).
c) Authorization to Verify.
d) Product Passport.
c) Certificate of Origin.
4. Buyer rents storage tank in Rotterdam and issue tank storage receipt and notice of readiness to receive the products in buyer's rented tanks or vessel details with NOR and ATI.
5. Seller notarizes the commercial invoice and ship product to Rotterdam. Upon arrival, injects product into buyer's rented tanks in Rotterdam or vessel and issue unconditional dip test authorization.
6. Upon confirmation of the quantity and quality of the product through SGS or its equivalent, buyer makes payment for the product via MT103/TT to seller's provided bank account and simultaneously seller transfers title of the product to the buyer.
7. Seller pays commission within 48 hours by swift MT103 to all intermediaries as signed
NCNDA/IMPFA
SOP to be followed strictly, Commissions 10$, 1:1. Please WhatsApp me for more details.
SPOT DEAL FOB PROCEDURE FOR SINGAPORE TANK
1. Buyer issues ICPO which must be in buyer company letterhead, company, and buyer bank details.
2. Seller verifies and issues MOU and Proforma Invoice.
3. Buyer signs and seals returns.
4. Buyer issue bank to bank pre-advice MT199 for POF (fiduciary bank account as below) and send verification email from bank to the seller via email.
5. Seller bank verifies and issues DTA with details of the storage tank and terminal.
6. Upon confirmation of Dip Test Q&Q, Seller issue Authorization To Sell and Collect (ATSC) for Buyer to make full payment by MT103 T/T and provide details of tanks or vessels and issues notice of readiness (NOR) to receive the product in buyerâ??s rented tanks or vessel and ATI immediately.
7. Seller issue Certificate of Origin from Singapore, POP documents as follow: -
a) Q&Q Report
b) Injection Report
c) Fresh Update SGS reports
d) Transfer Ownership Title Certificate
8. Seller pays commission within 48 hours by swift MT103 to all intermediaries as signed NCNDA/IMPFA.
SOP to be followed strictly, Commissions 10$, 1:1. Please WhatsApp me at +65 81838550 for more details.
