Specifications:
Qty: 2 million barrels trial, 6 million barrels contract
Rotterdam / Houston only contact me if your supplier can work with this procedure.
1. The buyer issues and submits an irrevocable corporate purchase order (ICPO), together with their passport and company registration documents.
2. Seller issues Commercial Invoice (CI), and Buyer signs and
returns to Seller.
3. Seller Releases Proof of Product (POP) Documents to buyer secured email:
Fresh SGS Report (issued within the last 48 hours)
Authorization to Verify (ATV) in the seller's tank physically
Authorization to Sell & Collect Funds (ATSC)
Injection Report
Certificate of Origin (COO)
Letter of Commitment to Supply
Seller's Tank Storage Receipt
4. Buyer verifies Fresh SGS Report.
5. Upon successful verification, Buyer makes payment by MT103 or TT wire transfer for the total
product available within 24-48hours. Extends or takes over the seller's tanks, and the seller transfers title ownership to the buyer?s name.
6. Seller pays commission to all intermediaries according to signed NCNDA/IMFPA within 48hrs.
7.. Buyer and seller sign a long-term contract for the consistent supply for mutually agreeable.
Specifications :
Acceptable Procedure
Please Provide A Quotation To The Following Requirement From Importer
Rotterdam / Houston Only Contact Me If Your Supplier Can Work With This Procedure
1. The Buyer Issues And Submits An Irrevocable Corporate Purchase Order (ICPO), Together With Their Passport And Company registration documents.
2. Seller Issues Commercial Invoice (CI), And Buyer Signs And
Returns To Seller.
3. Seller Releases Proof of Product (POP) Documents to buyer secured email:
Fresh SGS Report (issued within the last 48 hours)
Authorization to Verify (ATV) In The Seller's Tank Physically
Authorization to Sell & Collect Funds (ATSC)
Injection Report
Certificate of Origin (COO)
Letter Of Commitment To Supply
Seller's Tank Storage Receipt
4. Buyer verifies Fresh SGS Report
5. Upon Successful Verification, Buyer Makes Payment By MT103 or TT Wire Transfer For The Total
Product Available Within 24-48hours. Extends Or Takes Over The Seller's Tanks, And The Seller Transfers Title Ownership To The Buyers Name.
6. Seller Pays Commission To All Intermediaries According To Signed NCNDA/IMFPA Within 48hrs.
7. Buyer And Seller Sign A Long-term Contract For The Consistent Supply For Mutually Agreeable.
Note: Buyer has a 1-day open TSR. Upon POP verification, the buyer can add the seller name as a supplier.
