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EN590 10 ppm Roterdam

EN 590 10 ppm fob 
FOB TRANSACTION PROCEDURE (DIRECT INJECTION INTO BUYER’S TANK) 
1.        Buyer issues ICPO addressed to Seller’s representative with Seller’s procedure incorporated on it, buyer’s company details, banking details, passport copy with letter confirming readiness, willingness, and capability to carry out the transaction. 
2.        Seller receives buyer’s ICPO. 
3.        Seller issues Commercial Invoice (CI) for the total product in the seller’s leased tank      in the port terminal. 
4.             Buyer signs and return to seller signed and sealed Commercial Invoice along with buyer’s own or leased Tank Storage Agreement (TSA) as a proof of buyer’s availability of storage facility. 
5.        Seller accepts the signed and sealed Commercial Invoice (CI) and verifies Buyer’s Tank Storage Agreement (TSA). 
6.        Once approved Buyer’s Tank Farm issues invoice to Seller for 3 days leased storage. Seller makes 3 days tank lease payment to the Buyer’s tank farm for the Injection Process. 
7.             After Buyer’s Tank Farm Company has received the payment from Seller Company for the 3 days Buyer pays his Tank Farm Company for 2 days tank storage costs. (Bringing it to a total of 5-day TSR)             
8.        Upon receipt of the TSR, Seller issues the following POP documents. 
• Unconditional DTA. 
• SGS Report. 
• Injection Report
• Product Passport. 
• Tank Storage Receipt (TSR)
• Authority to Sell and Collect. (ATSC)
• Authorisation to Verify (ATV) 
• NCNDA/IMFPA 
9.        Upon successful verification of POP documents, Buyer orders his SGS inspection team to conduct Q&Q test on the product in the seller’s tank at the buyer’s expense.  
10.      Following the successful completion of the Q&Q test with result consistent to the specification on the commercial invoice (CI). 
11.  Buyer provides ATI from his logistic company and seller injects fuel into buyer’s leased tanks. Upon completion of the Injection, Seller submits the full Injection report to the buyer. 
12.     Buyer makes 100% payment by MT 103 TT wire transfer for the total product injected into the tank. 
13.     Seller transfers the Title Ownership of the product to the buyer’s company name.
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