l buyer and seller
groups with commission structures.
3. Seller issues, Dip Test Authorization letter signed by Buyer and Seller and Invitation letter.
4. Upon the sign of DTA by the Buyer, Seller issues fresh
SGS Report
Tank Storage receipt,
Injection Report,
Certificate of Origin,
Product Passport
Authorization to Sell and
Collect
Certificat of Origin
5. Buyer order SGS to Conduct Dip test of the product in the Seller Tank on buyer
expense(if required) upon successful dip test, Buyer provides Tank details, Seller
shall immediately submit the (SGS) inspection Report along with the full Proof of
Product (POP) to the Buyer.
6. Sellers tanks are secured in the name of the Seller and the Buyer, Buyer makes
100% payment by MT103 TT wire transfer for the total product and Seller and Buyer
pay Commission to their intermediaries
7. Seller transfers Title and all relevant documents to the Buyer and injection into
Buyers tanks starts at the latest within 24 hours after receipt of the payment by the
Seller.
Quantity Required : 100000 Metric Ton/Metric Tons
Shipping Terms : FOB
Destination Port : Aswp,
Payment Terms : Payment term for trial is mt103 TT
Buyer is interested to receive quotations for the following RFQ -
Product: D6 Diesel
Specifications:
Qty: 100 million Gallons trial, (100 million Gallons weekly X 4 weeks)
Procedure - Rotterdam / Houston
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:
Prefer outside of Russia as there are sanctions
Quantity:200,000-300,000 MT montly for one year
PROCEDURES (FOB -TTT):
1.Seller issue offer & after review SCO then Buyer will issue ICPO2. Seller issues Commercial Invoice (Cl) and Buyer will sign and seal Cl along with TSA
3.Seller releases the following documents:-
A) Tank Storage Receipt (TSR)
B) Authorization to verify, (ATV)
C)ATSC (Authority to Sell and Collect)
D)Unconditional DTA
E) Injection Report
F)NCNDA/IMPFA Sign and seal
4. On receipt of above-mentioned documents, buyer conduct dip test with their own SGS Team5. After Successful dip test in seller tank, Buyer presents his TSR or Extend seller tank forinjection
6. Seller starts injection of fuel in the buyer's tanks and Provides full injection report7. Buyer makes 100% payment of the product on receipt of the full injection report8.Seller transfers the title ownership in the Name of the buyer09. Seller pays commissions to all intermediaries involve in this transaction (NCNDA) within 48hours.
