STANDARD TANK TO TANK PROCEDURE. (FOB ROTTERDAM & HOUSTON PORT)
1. Buyer issue “ICPO†containing the seller's working procedure with banking Details and scanned copy of buyer's passport, TSA, along with buyer Company certificate of incorp oration.
2. Seller issues commercial invoice of the product in tanks at the port, along with the certificate of origin of the products and refinery commitment letter to sell the products. Buyer sign the CI and returned back (commercial Invoice) along with ATV from buyer’s logistics company.
3. Upon receipt of the signed CI and ATV Seller verifies and issue to buyer POP listed below:
• TANK STORAGE RECEIPT(TSR) WITH GPS COORDINATE OF WHERE THE TANKS ARE LOCATED.
• INJECTION REPORT
• AUTHORIZATIONTO SELL AND COLLECT
• SGS REPORT.
• AUTHORIZATIONTO VERIFY THE PRODUCT
4 Buyer inspects by SGS on buyers expenses and send TSR.
5 Upon successful dip test in tanks, Product will immediately be injected into buyers nominated Tank and buyer makes payment for the product fee via M'T 103/T'T
6. Buyer lift the product and all intermediaries are paid. Seller and buyer consider and signs further contract after successful transaction
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