The buyer issues ICPO with international
passport copy (data page) to the seller along with company
profile.
The seller issues commercial invoice (ci)
for the available quantity in the sellers storage tank to the
buyer.
The buyer reviews, signs and returns the ci
to the seller with their signed tank storage agreement (TSA)
for the sellers verification andapproval.
The seller issues following PPOP/POP to
buyer for evaluation.
commitment to supply.
authorization to sell and collect
(ATSC).
tank storage receipt (TSR).
authorization to verify (ATV) via phone
or email
tank-to-tank injection agreement (TTIA)
to be signed by End Seller sends, buyer and buyer tank farm.
buyers tank farm send back TSR with hub and tag information
if not stated on the TTTIA.
Upon verification of POPP by buyer and
presentation of endorsed TTIA/ TSR by buyer. seller sends UDTA
for all parties including tank farm to sign to enable buyer to
conduct dip test to obtain fresh SGS (not older that *8hours).
The buyer conducts dip test in the sellers reservoir/tanks at
their expense and arranges the injection of the product into
thebuyers tanks.
Within twenty-four (*4) hours after complete
injection, seller issues injection report for the complete
injected quantity to the buyer and buyer issues **0% wire
transfer payment via mt**3 to the sellers nominated
account.
The seller transfers the tittle ownership to
the buyer and paycommissions to their intermediaries via
NCNDA/IMFPA.
After trial lift is completed, and the next
shipments is followed
according to the signed and sealed commercial
invoice by both parties.
