THE BUYER ACCEPT THE PROCEDUERS BELOW 100% TERMS & OPERATIONAL PROCEDURE FOB-ROTTERDAM or FOB HOUSTON for Spot and Contract: 1. Buyer issues ICPO + CP when seller sends FCO. Buyer issues LOI + CP for SCO from the Seller. 2. Seller issue CI, SPA. 3. Buyer sign and stamp CI, SPA and returns to Seller. 4. Sel Show More...
THE BUYER ACCEPT THE PROCEDUERS BELOW 100% TERMS & OPERATIONAL PROCEDURE FOB-ROTTERDAM or FOB HOUSTON for Spot and Contract: 1. Buyer issues ICPO + CP when seller sends FCO. Buyer issues LOI + CP for SCO from the Seller. 2. Seller issue CI, SPA. 3. Buyer sign and stamp CI, SPA and returns to Seller. 4. Seller issues the following PPOP: a) ATV �" Authorization To Verify. b) TSR - Tank Storage Receipt or Vessel Q88, min. 3 days valP Test and injection in Buyers Tanks c) Product Passport included the last DIP Test result from this Fuel charge. d) UDTA �" Unconditional DIP Test Authorization, also min 3 days valSC (Authorization to Sell and Collect) from Title holder Refinery End Seller. 5. Buyer dips in Sellers Tanks or on Sellers Vessel and pays by MT103 in max. 24 hours after incoming DIP Test Result to Buyer and Seller from SGS and Sellers final CI. Buyer in max. 48 Hours after incoming DIP Test Result send TSR or Q88 to Seller. Seller Inject the Fuel in Buyers Tank or on Buyers Vessel. 6. Within 24 hours after Buyers payment all intermediaries are paler Buyer against Buyers ICPO and Seller s IMFPA + Buyer s IMFPA with BANKING INFORMATION. 7. Seller and Buyer sign one up to five years contract.
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