FOB ROTTERDAM - TANK TO TANK
Product: EN590 10ppm
Origin: Kazakhstan / Turkmenistan
Quantity: 100,000 MT Spot
Contract : 400,000 mt x 12 Month
Loading port & terminal: Europort Rotterdam
Price: $480 per MT Nett
FOB STANDARD PROCEDURE
I .Buyer submits ICPO, along with CIS, Passport Copy of the buyer, Trade License Copy and TSA
2. Seller sends Commercial Invoice (CI),Buyer signs the CI.
3.Then buyer will reach out to their tank farm to arrange for two invoices, one for the seller and one for themselves. The seller will pay the storage fee for two (2) days to the buyer’s tank storage company, demonstrating their commitment to the transaction. After the buyer’s tank storage company receives this payment, the buyer will also pay for three(3) days of storage, thereby completing a total of five days of tank storage receipt (TSR) and confirming their readiness to finalize the deal. The TSR must have valid HUB No and TAC , then
4. Seller provides buyer with FULL POP Documents:
a. Tank Storage Receipt (TSR) with full info including Barcode & GPS
b. Injection report Tank
c. SGS Report less than 72 hours
d. Unconditional OTA on buyer's name
e. Authorization to verify (A TV)
f. Authorization to Sell and Collect fund (ATSC)
g. Commitment to Supply. (CTS)
h. Product passport and analytical report (PP) from SA YBOL T Kazakhstan or Turkmenistan)
i. Certificate of Origin (COO)
j. Attestation of allocation (AOA)
k. Legalized Commercial Invoice.
5. Buyer verifies and confirms POP as above & orders SGS to conduct Dip Test of the product in the seller's tanks.
6. Upon successful DIP Test, Refinery injects the product into the Buyer lease Tank and seller submits the full injection reports to the Buyer.
7. Buyer pays total cost of the product via MTI 03 or by USDT against successful Dip Test at seller's tank, within 48 hours or buyer will be responsible for each day's tank extension cost.
8. Seller transfers to the Buyer TITLE OF OWNERSHIP Certificate and all other export documents.
9. Buyer pays all intermediaries involved the transaction.
10. Seller and Buyer sign rollover contract.
Tags:
EN 590 10 PPM