TTO FUJAIRAH TRANSCTION
Three ships loaded with EN 590 10ppm are available
100,000 MT
150,0000 MT
1500000MT
PROCEDURES :
1. buyer issues ICPO to Seller working procedure along with banking details & BCL or POF.
2. Seller issues SPA to buyer opening for amendment, buyer reviews and signs and returns to the seller.
3. Seller issues the POP Documents as shown below:
a). Product Passport (Quantity & Quality Dip Test Analysis Report).
b). Certificate of Origin.
c). Bill of Lading.
d). Statement of Product Availability.
e). Vessel Q88 & CPA.
f). Cargo Manifest
g). E.T.A. (Estimated Time of Arrival) of Vessel & NOR
h). Details Captain Contact number and Email.
i). ATV .
4. Upon receipt confirmation of the above PPOP documents by the buyer, Buyer conducts due diligence on the product availability via the vessel Captain and via the vessel IMO NO.
5. After a successful verification and vessel tracking, buyer makes a guarantee deposit To the seller Security account Directly pay ($300,000) By SWIFT MT103/72 from total as (TGD) in-order to get the vessel secured to buyer company name (This is Compulsory) And Sign NCNDA/IMFPA.
6. Upon buyer payment confirmation for the Transaction Guarantee Deposit (TGD), seller make Full POP To buyer bank and Cope to buyer Email and issue, the Products Conformity Permit (PCP) in-order to give the vessel captain a direct instruction to sail the vessel to the new buyer designated port of discharge. (This is compulsory).
7. Vessel re-rout and arrive new buyer's desired port, and new buyer conduct DIP Test inspection on the products with SGS or Intertek
8. Upon a successful Inspection, buyer pays for the full products value via MT103 T/T Wire Transfer which all necessary cost borne by the buyer earlier will be deducted from the total cost of product and buyer pay all commissions to all mandates in same time via NCNDA /IMFPA.
9. Possible contracts begins for one or more years interval.
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00905051203501
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