EN590 10PPM fob Fujairah

 TTV (FOB) Fujairah  

*Important – A letter of acceptance must be issued along with the ICPO to confirm the buyer accepts and is happy with the procedure as below*

Valid from 20/08/2023

Price: $695/$675 - $10/$10 commissions 

Current Quantities:

Fujairah – 300,000mt

1. Buyer issues ICPO Addressed to the End Seller (xxxxxx) Via: (Dale Russell)

a) Copy of Buyer Company Profile

b) Copy of the Passport for the CEO of the company

c) Copy of the VALID CPA

2. Seller issues Commercial Invoice (CI), buyer signs and returns back to seller.

3. Buyer provides to Seller CPA (VESSEL) for seller verification and acceptance.

4. Seller issues to buyer the next documents:

a) ATSC

b) DTA

c) PRODUCT PASSPORT

d) AVAILABILITY OF PRODUCT

e) EXISTING SGS and/or INJECTION REPORT

5. Buyer extends seller tanks for two days and dip test is conducted immediately on sellers account.

6. Seller injects into buyer’s vessel and buyer conducts its own DIP TEST Inspection for Q&Q of the Petroleum Products.

7. Buyer successful Q&Q Dip test on the product, buyer makes the payment for the total value of product injected into the tanks through of MTI03 - TT.

8. Upon seller receiving the payment for the product from the buyer, seller issues to buyer the Title Ownership of the product and all exporting documentation of the product.

9. Buyer lifts the product

10. Seller pays all intermediaries involved in the transaction

11. Contract commences.

*Procedures must be stuck to and not deviated from, once the ICPO has been issued – Non-Performance or changing of the Procedure will NOT be tolerated.*