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En 590-Standard Fuel (Ulsd)

Supplier From Malaysia
Dec-11-24

SPOT DEAL: Title-Take-Over (TTO) Tank Procedure (Non-Negotiable)
Tank Storage: Jurong, Singapore Product: EN590 10PPM ULSD
Price: $550/mt (out 10/10)
Quantity: 100,000/mt
1. Buyer shall unconditionally accept the Seller's Working Procedure and sign the
NCNDA/IMFPA. The draft ICP shall be given to the Buyer to be issued to the Seller containing the quantity confirmed by the Seller and the Seller's Transaction Procedure with:
(a) Company Registration Certification;
(b) Company Banking Details;
(c) Buyer Identificiation (i.e. Scanned Passport Copy); and
(d) POF (Bank Statement in last 7 days only).
Note: The ICPO and POF must be the same company, the Seller shall not accept any JV or LOA.
2. The Seller shall issue the Commercial Invoice (CI) to the Buyer and the Buyer shall sign and endorse the Commercial Invoice and return it to the Seller.
3. Upon receipt of the endorsed Cl by the Seller, the Seller shall email the Buyer the listed documents as stated below:
(a) Product Passport (Dip Test Analytical Report);
(b) Statement of Product Availability;
(c) Injection Report;
(d) Seller's TSR; and
(e) Invoice for Title Take Over deposit fee of 1% via MT-103/TT or Cryptocurrency.
4. Upon receipt of the 1% title take over payment, the Seller shall provide the Buyer with the Unconditional Dip Test Authorization (UDTA) for the Buyer's inspection team to perform on the tank along with the Seller's representatives.
5. The Buyer shall, within 24 hours after a successful dip test in the Seller's tank, pay for the Total Product Cost less the depost fee of 1% via MT-103/TT or cryptocurrency, afterwhich, the Seller shall transfer the Title Ownership to the Buyer's Company with all exportation documents required by the Buyer for the transportation to be completed.
6. Upon the completion of the transaction, the Seller shall pay all intermediaries involved in the transaction a commission by MT-103/TT or cryptocurrency (as signed in the NCNDA/IMFPA).

Price and Minimum Quantity

Price: $550
MOQ: Not Specified

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1Buyer issues Irrevocable Purchase Order ICPO with buyers banking details
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2 Seller issues Draft contract for both parties to sign within 24 hours buyer signs and send back
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3 Seller reissues the Proof of Product documents in buyer companys name as listed below

3 a Certificate of Origin

3 b Product quality passport Analysis test Report Kazakhstan GOST R

3 c Commitment to Supply

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4 Upon verification of the sellers partial POP within seven 7 banking days the buyers bank
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month fee In the event of the buyers banks inability to issue the letter of credit within seven 7
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transfer to the sellers bank account as security of the product allocation and also to enable the
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5 Upon confirmation of buyers Letter of Credit or Cash Guarantee Deposit payment at sellers
bank seller transfer title holder of the cargo to buyer issue the 2 PB and commence loading of
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Allocation Title Ownership Certificate
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6 NCNDA IMFPA shall be issued for all BuyerSeller Intermediaries to complete for further
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