Russian origin Gasoline available, very good prices.
TRANSACTION WORKING PROCEDURE FOB ROTTERDAM/HOUSTON
1. Seller's representative issues SCO and Buyer sends ICPO, CP and Tank Storage Agreement (TSA) as proof of storage availability.
2. Seller verifies TSA and issues Commercial Invoice for the available quantity. Buyer signs
and returns the CI within 48 hours.
3. Seller issues to Buyer the transaction documents:
- Product Origin Certificate
- Statement of Availability of Product
- Commitment to Supply
- Authorization to verify via call or emails only.
4. After receipt of the certified copy of the transaction documents, buyer provides the seller
with ATV, which must be previously approved by its Tank Storage company.
5. Upon receipt of the ATV and after successful inspection of buyerâ??s tank facilities by the
technical team, seller issues the full POP documents below: - Fresh SGS Report
- Seven (7) days Unconditional DTA
- Loading Port Injection Report
- Authorization to Sell and Collect (ATSC)
6. Upon complete verification of the POP documents, Buyer orders SGS to Conduct Dip Test
of the product in Sellerâ??s Tanks at buyerâ??s expense.
7. Following the completion of the Dip Test with results consistent to the specifications on
the CI, Buyer provides their TSR and ATI and Seller injects fuel into Buyer's leased storage
tanks. Seller submits the full Injection report to the Buyer.
8. Buyer makes 100% payment by MT 103 TT wire transfer for the total product and Seller
pays commission to all Intermediaries involved in the transaction within 24 hours after
confirmation of the Buyerâ??s payment.
9. Seller issues draft SPA to Buyer to review for Roll & Extension monthly deliveries. 10. The subsequent delivery shall commence according to the terms and conditions of the
contract, and intermediaries will receive their commissions according to monthly deliveries
TRANSACTION PROCEDURE TABLE TALK MEETING (TTM)
1. Buyer confirms SCO and issue official ICPO with banking detail.
2. Sellers verify ICPO and issue Draft Contract open for amendments to Buyer.
3. Buyer review Draft Contract signs and returns with Buyer's international passport copy
and NCNDA+IMFPA to seller.
4. Seller and Buyer legalized the signed Contract with the Ministry for approval and sends the scan copy of the Approved Draft Contract via secured e-mail to buyer.
1. Buyer send a Corporate Profile, along with a full ICPO, a current and valid (TSA) and buyer passport data page, Seller verifies and approves Buyer s TSA.
2. The seller issues a Commercial Invoice of the product in the seller s tanks at the port, and the buyer signs and returns the commercial invoice with an acceptance letter.
3. Seller submits a 48 hours old hard copy of fresh SGS Report to buyer Tank for verification of the
4. Upon confirmation of SGS Report by Buyer's Tank Company , Seller requests for buyers active & Operational TSR for injection program. (TSR days depend on the quantity to be injected). Seller injects product to buyer s tank and issues following POP documents to the buyer:
Full Injection report
ATV / UDTA
Copy of product Certificate of Origin
Copy of product Export License to port.
Allocation transfer Certificate.
Authority to sell and collect (ATSC).
5. Buyer conducts Dip test on the product at the buyer's cost for reconfirmation.
6. Upon confirmation of the SGS test by the buyer for quantity and quality, the buyer makes 100% payment via MT103 for the total value of the product injected into the buyer s tanks.
7. Seller pays all intermediaries involved via NCNDA/IMPFA and subsequently, monthly shipments continue as per terms and conditions of the sales and purchase agreement contract between the buyer and seller. After successful delivery of the first monthly shipment of The Product, Buyer transfers the full amount of the shipment to maintain the Letter of Credit and contract continues for subsequent 6-12 months subject to this
.
