Destination:
Tank To Vessel Dip/Pay Transaction Procedures
Looking for suppliers from:
Worldwide
Product Description
Please quote for the following wholesale product requirement -
Product: En590-10ppm
Specifications:
Qty: 100.000 mt
Procedures:
FOB TANK TO VESSEL DIP/PAY TRANSACTION PROCEDURES
1. The buyer issues an ICPO in compliance with the seller's procedure, along with the buyer’s bank details, Company information, and a passport copy.
2. The seller confirms the buyer's ICPO and issues a Commercial Invoice (CI) with the product quantity
in the Storage tank facility to the buyer for review and endorsement.
3. The buyer reviews and signs the Commercial Invoice (CI), then returns it to the seller along with the
buyer's Charter Party Agreement (CPA) from a reliable logistics company for the seller's confirmation
and approval.
4. Seller confirms the buyer's charter party agreement or tank storage agreement [CPA/TSA], and
issues an appointment letter for the SGS report inspection to be signed endorsed by the
buyer and his logistics company.
5. Upon receipt of the signed appointment letter for the SGS report inspection, the seller releases the
following proof of product (POP).
A. Fresh SGS report (not older than 24 hours)
B. Tank injection report.
C. Tank storage receipt (TSR) with GPS coordinates.
D. Unconditional dip test authorization (DTA)
E. Statement of product availability.
F. Authority to verify and inspect (physical inspection).
G. Authority to Sell and Collect (ATSC).
6. Buyer conducts a dip test in the seller's tank storage facility. Upon successful dip test. Seller
7. Commence product injection into the buyer's vessel upon presentation of Q88.
8. After product injection, the buyer pays the total product cost by TT wire transfer.
9. Transfer to the seller's nominated bank account.
10. The seller transfers the title ownership documents to the buyer.
11. The seller pays commissions in accordance with the NCNDA/IMFPA agreement.
Quantity Required : 100000 Metric Ton/Metric Tons
Shipping Terms : FOB
Destination Port : Tank To Vessel Dip/Pay Transaction Procedures,
