FOB DIP & PAY FUJAIRAH.
Available Quantity: 63.000 MT
EN 590 10ppm.
Price: $680 Gross/$670 Net per MT FOB Fujairah (tank to Vessel).
Procedure:
1. Buyer issues ICPO with full banking information along with KYC.
2- Seller issues Invoice (CI) for the available quantity in the Seller’s Storage Tank to the Buyer. Buyer signs and returns the CI to the Seller. *Buyer issues MT199 to Sellers account. *
3. Seller presents the following documents to the Buyer to conduct Dip Test in Seller’s tank:
A. Tank Storage receipt (TSR);
B. Unconditional DTA.
4. Buyer conducts Dip Test in the Seller’s Tank and upon successful Dip Test immediately provides the Seller with *Q88*.
5. Seller signs NCNDA/ IMFPA with intermediaries for non disclosure and payment if commissions to be paid out immediately upon receipt of payment from the buyer.
6. Buyer issues 100% MT103/TT Wire Transfer payment to the Seller.
7. *Seller* signs Tank To vessel Injection Agreement (TTVIA) to commence injection of product into the Buyer’s vessel. Seller transfers the Title of the product Ownership to the Buyer.
8. The buyer and seller signs a long term contract for the consistent supply for a mutually agreeable quantities.
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