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
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
