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Showing posts from September 21, 2023

EN590 10PPM Fujairah dip and pay

 *FOB Procedure DIP & PAY Fujairah:   Product: EN590 10ppm Quantity: abt. 57,000 MT Price: $680 Gross/$670 Net per MT FOB Fujairah (tank to tank or tank to vessel) Commission structure: closed $5.0 / opened $5.0 *FOB Procedure DIP & PAY Fujairah: * 1. Buyer issues ICPO with full banking information along with full 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. 3. Buyer issues MT199, CPA/TSA to Sellers account with RWA from prime bank/ bank to bank verification (company that will send ICPO must be the same that will issue the MT 199, no JV’s with exits, or other agreement with end buyers accepted). 4. Seller presents the following documents to the Buyer to conduct Dip Test in Seller’s tank: A. Unconditional Dip Test Authorization (DTA). 5. Buyer conducts Dip Test in the Seller’s Tank and upon successful Dip Test immediately provides the Seller with Q88 or valid v...