TANK TO TANK & TANK TO VESSEL PROCEDURES FOB ROTTERDAM
1. Buyer issues ICPO, Company Registration Certificate and + CIS Company.
2.The Seller Issues Commercial Invoice (CI) for the Buyer's endorsement.
3.The Buyer sign/seal return Commercial Invoice CI for the full volume, on the basis that, the Seller issues
to Buyer the following POP Documents:
a) Tank Storage Receipt (TSR) along with Tank GPS Coordinates.
b) Tank Injection Report (TIR).
c) Fresh SGS report. (Not Older than 72 hrs).
d) Unconditional Authority to Verify Product (UATV).
e) Certificate of Origin of the Product.
f) Authorization to sell and collect (ATSC).
g) Commitment Letter to Supply.
4. Upon successful verification/ confirmation of TSR, SGS, Tank Injection Report,
5.Buyer Submits the TSR from his Tank Farm or NOR from his Shipping Company, TTIA ,DTA will be signed up between both tank Farm Injection Sechudle from his Tank Farm
Upon successful verification of the product and conduction of dip test proceed with product injection.
6. Seller commences injection into Buyer’s tank and issues the Title of Ownership Certificate to be followed by all export documentation.
7. Buyer makes 100%payment by MT103 wire transfer within 72hours for the total product and lifts the product. Seller pays all the intermediaries involve in the
transaction as per Master Fee Agreement
8. The Seller releases the Complete POP Documents to the Buyer, including
• Resource Confirmation Letter (issued by the End-Refinery).
9. The Seller issues annual (12 months) delivery contract for the review and acceptance.
NOTE: If Seller Tanks are Sealed, we do NOT need to do a Dip Test or receive a Fresh SGS. If
the tanks are NOT sealed, but Q&Q is relatively fresh, we're fine. If the tanks are not sealed,
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