FOB ROTTERDAM TRANSACTION PROCEDURE (ROMANIAN).
1. Buyer issues ICPO, and company registration certificate and data page of buyerâs Passport or any I.D.
2. Seller issues Draft Contract, Commercial Invoice (CI) &Warning Letter, buyer's signs and returns to seller with his TSA. Seller will complete verification on the TANK FARM of the buyer before making their three (3) days tank lease payment.
3. Seller leases and pays the buyerâs tank for 3 days for the Injection Process. Buyer pays his Tank Farm Company for his two (2) daysâ tank storage costs, (totaling a five (5) day TSR) after his Tank Farm Company has received the payment from Seller Company three(3) days cost.
4. Seller issues:
a. Unconditional DTA
b. Fresh SGS report.
c. ATV
d. ATSC, (Authority to Sell )
5. Buyer conducts Dip test on the product and makes the payment for the total value of product injected into the tanks through the means of MT103- TT.
6. Seller pays all intermediaries involved in the transaction and subsequently monthly and conditions of the sales and purchase agreement contract between buyer and seller.