FOB Rotterdam Procedure:
1. On receipt of SCO, Buyer sends their Letter of Intent (LOI), Bank Comfort Letter, passport copy, and
company profile.
2. Seller sends POP documents and Full Corporate Offer (FCO).
POP documents include:
A. Certificate of Origin
B. Copy of SGS report
C. Bill of Lading
D. Copy of Port Storage Agreement
E. Tank Storage Receipt
3. Buyer verifies POP documents. Buyer signs FCO and returns to Seller.
4. Seller issues the draft of the contract, buyer signs and seals every pages and return for the seller's signature.
Seller issues Commercial Invoice, buyer signs and returns.
5. Seller authorizes buyer to conduct Dip Test at seller's tank at buyer's expense. Buyer orders SGS to conduct
Dip Test.
6. On successful Dip Test, Buyer provides tank or vessel and lifts product.
7. Buyer pays for product with MT 103 or TT.
8. Seller transfers ownership to buyer and provides all necessary documents (including title of ownership and
all export documents).
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