ULTRA LOW SULPHUR DIESEL [ULSD]
EN590 10PPM
TTT RotterdamHoustonTTT The owner of an oil trading company is
with me directly
The company has tanks in Rotterdam and deals with 13 refineries
there. It also has tanks in Houston, America, and also
Singapore, and the following brochure explains the mechanism of
work.
I) The buyer issues an ICPO which contains the seller's
business procedures and banking details along with the buyer's
TSA and company registration certificate
2) The seller issues a commercial invoice for the product in
the tanks at the port, and the buyer signs the commercial
invoice and returns it to the seller with a letter of
acceptance.
3). Seller issues appointment letter to seller's representative
to provide new SGS report for less than 24 hours to buyers and
buyers' logistics for proper verification at buyers' tank
station after successful SGS verification, whereby seller
inspects buyers' tank for injection
4) When successful verification of SGS report is confirmed by
Buyer Company and Buyers Tank Farm Company, Seller Issue
a) IPA signed by Tank Farm Buyers and Buyers
b) Sale and Collection Authorization c) Supply Commitment d)
Product Availability Statement
5) Upon confirmation of signed injection authorization Seller
Agreement Issue to Buyers
a) New SGS Report Less than 24 hours to buyer's company
name
b) Questions and questions report. And injection report.
c) Authorization to physically verify the product in the
seller's tank (ATV) d) Tank Storage Receipt TSR
6) Buyer performs a submersion test on the product in the
seller's tank and makes payment for the total value of the
product via MT 103-TT to enable the injection process into
their filtered tanks
7). The seller pays all brokers involved in the transaction,
and then monthly shipments continue according to the terms and
conditions of the purchase and sale agreement contract between
the buyer and seller.
TERMS AND CONDITIONS FOB TANK TO VESSEL
I. Upon acceptance of the sellers' offer, the buyer issues the
purchase order [ICPO], a copy of the passport, completed
projects in the license and the CPA
2. Upon Buyer's acceptance, ICPO Seller issues a commercial
invoice for Buyer's review and signature of the track lift
order for the assignment granted
3. The buyer and seller sign a contract with the pipeline
injection company and make payment to inject the product from
the seller's tank into the buyer's vessel
4 Seller issues POP documents as described below;
-Dipping Test Authorization [DTA]
-Recent SGS Report -Ullage Report Tank Storage Receipt
-Tank Injection Report Authorization for Verification
5. Seller starts injection in buyer's tank warehouse, and buyer
inspects it by SGS.
6. The seller issues a document to all brokers involved in the
transaction and to the seller/buyer, certified by
NCNDA/IMFPA.
7. The buyer pays for the product via MT 103 after the
injection is completed and a copy of the bill of lading is
received and the seller transfers title to the buyer and signs
the annual delivery contract. The price is FOB $520.00 gross /
$510.00 net per metric ton commission.
: US$5.00 by seller, US$5.00 by buyer per metric ton
