TRANSACTION PROCEDURE FOR ROTTERDAM /HOUSTON
1) Buyer issue ICPO containing the seller's working procedure with banking details and scanned copy of buyerâ??s passport along with TSA Document.
2) Seller issues commercial invoice of the product in tanks at the port, and injections skeduel buyer, and buyer`s logistics sign and return commercial invoice and Injection Schedule to seller.
3) Seller issue to buyer PPOP listed below:
a) (ATV) with access code and hub number in order to verify the product b) GPS Coordinate-Tank Storage Receipt (TSR)
c) Injection Report
d) Unconditional Dip test authorization letter (DTA)
e) Authorization to sell.
f) Fresh SGS Report in Seller Tank.
4) Seller issues NCNDA/IMFPA for the following document to all Intermediaries involved in the Transaction and to the buyer for signing.
5) Buyer inspected by SGS on buyerâ??s expenses and sent TSR.
6) Upon successful Dip Test in tanks, product will immediately be injected into Buyer's tanks. buyer pays via MT103/TT against Title Transfer Ownership on Bank to Bank, within 48 Hrs. seller pay to all intermediaries.
