Dear Seller Seller Mandate , We are a leading trader in UAE who has many buyers, serious and mighty buyer for En590-10 PPM who has being with us for years , we focus on TTO(Title Take over ) ,loaded vessel at high sea specially or that has 7 to 10 days from Fujirah by sea or Tank to tank available in fujirah. As fuel transactions in Dubai is very fast Show More...
Dear Seller Seller Mandate , We are a leading trader in UAE who has many buyers, serious and mighty buyer for En590-10 PPM who has being with us for years , we focus on TTO(Title Take over ) ,loaded vessel at high sea specially or that has 7 to 10 days from Fujirah by sea or Tank to tank available in fujirah. As fuel transactions in Dubai is very fast and most of deal players want to purchase safe and quick. Our buyers intend to show their willing to buy by paying deposit if seller also pay same amount then both sides will have same risk and transaction will smoothly could be done. As far as we know most of seller intend to deal with instrument specially and DLC but this terms of payment could not be much fast , it need at least 12 days and buyer shall pay 4 to 6 bank fee cost , if ship not arrive then buyer will lost 4 to 6 percent ,this is a risk of TTO at first deal .. Some sellers also ask for payment at high sea against of POP , it also means UPFRONT that is not acceptable and have high risk for seller . The best competitive manner for TTO transaction is as follows if seller can accept we can quickly start our order placement , We can accept this method for TITLE TAKE OVER (Loaded vessel move to Fujirah at high sea ) or TANK TO TANK available fuel in Fujirah or Hamrieh . TRANSACTION PROCEDURES FOR TITLE TAKE-OVER (TTO) CIF (Based on ESCROW ACCOUNT ) En590-10 PPM A1 jet fuel 1. Buyer issues ICPO according to the seller’s working procedure along with buyer’s company certificate of registration or profile with copy of buyer’s passport. 2. Seller issues the Title Take-Over Contract (TTO MOU) addendum for review and endorsement by all parties. 3. Seller issues Proof of Product and Shipping documents as listed below; a. Q & Q SGS report at loading port and Product Passport (Quantity & Quality Dip Test Analysis Report) b. Certificate of Origin c. Bill of Lading d. Tanker Vessel Q88 Document e. Vessel (N.O.R) Notice of Readiness f. Ullage Report g. Cargo Manifest h. Invoice for title transfer 4. Upon the receipt of the documents, buyer verifies the availability of the product on high sea and immediately make Deposit into Escrow Account accepted. SELLER USD$300,000 and BUYER USD$300,000 security guarantee payment of the total cost of the product which serves as a Title Take-Over Fee. Dubai registered Escrow account party with active office is acceptable. 5. Upon seller receipt of the title takeover payment, seller orders for re-rout to buyer’s desired port, transfers the title to the potential buyer’s company’s name and also re-issue all other outstanding documents to the potential buyer’s company’s and via swift from seller bank the full prove of product. 6. Vessel arrives the discharge port and buyer carries out the CIQ SGS inspection and upon a successful inspection, buyer pays by MT103 T T for the full product to the seller. Tank To Tank based on ESCROW account EN590-10PPM or A1 jet fuel 1. Buyer issues LOI. 2. Seller Mandate issues FCO outlining selling procedure. 3. Buyer issues ICPO with BCL and provides Trade License copy and Passport copy of buyer. 4. Buyer Registers at Fujairah Tank Farm with Seller. 5. Buyer Receives authorization to test via SGS Bureau Veritas or any other reliable accredited verification service. 6. Buyer Places deposit at mutually predefined 3rd party Escrow Holding account to allocate required Diesel EN590 10ppm. 7. After complete payment including any Escrow Holding fees are deposited. Escrow account holder is informed of documents that MUST be submitted in order for Seller to Receive payment. Buyer notifies Escrow account holder of signatory signatories and passport copy copies with sample signature s for verification on Delivery order and Title Transfer documents. 8. Authorization to transfer is provided. STS TTO or any other pre-agreed mode of transport. 9. Buyer has 5 days from date of authorization to transfer is provided to take delivery from the Tanker farm. If delivery is not taken within the allocated period, the allocation may be sold to another customer and the buyer has the option to cancel the purchase or wait 2-3 days for the next allocation. Any costs incurred by the Buyer for Shipping Demurrage etc will be solely borne by the Buyer. The Seller and their Mandate representatives bear no responsibility for any delays caused by the Buyer and or their representatives. 10. Title transfer of goods is issued. 11. Seller Seller Mandate submits copy of signed delivery order (signed by pre-approved signatory) and Title Transfer documents to Escrow Holding account owner for release of payment to Seller or Seller designated account. Within 48 Hours Seller disburses commission payment to Agents defined in ICC NCNDA. If you are a genuine seller who can accept one of above procedures or similar one , please kindly us for urgent purchasing and ordering . Our estimated ordering :300000 MT MONTH . Regards, Ex Genetral trading .FZ
Signup today to claim your Discount. Get Started before it's too late!
