FOB Ras Laffan (TTT or TTV) Incoterms 2020 ICC
Product: EN590 10ppm
Origin: Azerbaijan
Manufacturer: SOCAR
Quantity: 100,000 MT Spot
Loading port & terminal: Ras Laffan, Ad-Dahirah, Qatar
Price: $550 per MT
Delivery Terms: FOB Ras Laffan (TTT or TTV) Incoterms 2020 ICC
Inspection & Payment Terms: as below mentioned
FOB & STANDARD OPERATING PROCEDURE
1. Buyer shares CIS & proves his financial capability (bank statement, transaction history etc). Accordingly Buyer and Seller sign SPA.
2. Seller shares following documents:
a) Certificate of Quantity and Quality under Seller’s company name (sanitized due to T&Cs)
b) House Bill of Lading (most recent)
c) Tank Storage Receipt - TSR
d) Certificate of Origin (most recent)
e) Unconditional DIP-test Authorisation - UDTA (to use for option «3B»)
f) Authorisation to Verify the Tank Storage Receipt - ATV for TSR
g) Letter of Conformity Statement (contains Statement of Product Availability and Commitment to Supply)
h) Product Passport
k) Tanks General Information Sheet (map and location overview)
l) Safety Data Sheet (MSDS)
3. Buyer must choose one of following options to conduct DIP-test:
3A. Buyer fills out and signs «SUPPLIER/CLIENT APPROVAL FORM» from «Bureau Veritas International Qatar» (or «BV QA»). Buyer receives and pays invoice from BV QA. BV QA conducts DIP-test for Buyer in Seller’s tanks. Buyer receives fresh Certificate of Quality and Quantity under Buyer company name. -OR-
3B. Buyer conducts DIP-test using any other inspection company of his choice via payment to Tank Farm company (W&R SHIPPING B.V.) for few days of tank rent. Upon receipt of payment Tank Farm and Seller issue UDTA and ATV under Buyer’s name to allow Buyer’s own personal inspection team (SGS, Intertek etc) to conduct quality and quantity assessment (DIP-test) in Seller’s tanks. Buyer receives fresh «Certificate of Quality and Quantity» directly from his own inspection company on Buyer’s name and performs step «4A» or «4B» of this Annex A «STANDARD OPERATING PROCEDURE».
4. Buyer must choose one of following options to proceed after DIP-test:
4A. Buyer pays mutually agreed (%) partial cost of total product value as non-performance surety contract bond to Seller via MT103/TT, via cryptocurrency, via paper cash, via Havala.-OR-
4B. Each Party put mutually agreed (%) partial cost of total product value as non-performance surety contract bond to Escrow Agent via MT103/TT via cryptocurrency, via paper cash, via Havala. Only Seller’s Escrow Agent is accepted.
5. Seller issues all shipping documents on Buyer’s name and injects the commodity.
6. Buyer lifts the commodity to his tank (TTT) or vessel (TTV) and remits remaining deposit to Seller.
7. Seller pays commissions to all intermediaries, mandates, resellers and brokers involved.
for More Information :
ZELINSK INTERNASIONAL PRIMA ENERGI LTD - UK
128 City Road, London, United Kingdom, EC1V 2NX
Open: Monday To Friday
09:00 AM To 18:00 PM
info@zelinsk-intprimaenergi.biz.id
+17864204579
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