BASE OIL: Base oil (RECYCLE) price list SN 100: - $330 GROSS / 320 NET BS 150: - $340 GROSS / 330 NET SN150: - $330 GROSS / 320 NET. SN 300 - $360 GROSS / 350 NET. SN 500 - $350 GROSS / 340 NET SN650 - $360 GROSS / 350 NET SN900 - $370 GROSS / 360 FOB DIP AND PAY TERM & TRANSACTION PROCEDURES 1. 1. Buyer Review Sellers SCO And Issues ICPO Along With Company Profile. 2. Seller Issues A Commercial Invoice (CI) For The Available Quantity In The Storage Tank To Buyer, Buyer Signs And Returns CI Back To The Seller Within 4 Working Days. 3. Seller Issues To Buyer The Existing Injection Report Done By The Sellers SGS Inspection Team For The Injection Of The Product Into The Tank Farm, Seller Issue TSR, Dip Test Authorization (DTA) Letter Containing The Storage Tank Location And Its GPS Coordinates And Buyer Countersign The DTA With Seller Tank Farm. 4. Upon Buyers Satisfactory Verification Of Sellers Tanks As Authorized By The DTA, Sellers Tank Farm Issues A 2-Day Tank Storage Receipt (TSR) To The Buyer To Enable Buyer To Take Over Sellers Tanks. 5. Upon Receiving The Signed DTA And TSR From The Buyer, The Seller Issues The Following POP Documents: A. Product Passport. B. Fresh SGS Report (Not Older Than 48 Hours). C. Export License. D. Authority To Verify (ATV). E. Refinery Irrevocable Commitment To Supply. F. Sales And Purchase Agreement (SPA). G. Statement Of The Availability Of The Product. H. Certificate Of Origin. I. ATSC (Authorization To Sell & Collect). 6. Upon Successful Dip Test At Sellers Expense, Buyer Makes 100% Payment For The First Trial Via MT103/TT Wiring And The Seller Transfers Ownership Of The Product To The Buyer. 7. Seller Pays All Intermediaries And Subsequent Monthly Delivery Continues.
