PRODUCT : DIESEL OIL spec EN 590 10 PPM
ORIGIN : NONE SANCTION COUNTRY
MINIMUM QUANTITY : 50,000 M.T.
CONTRACT PRICE: : $5XX USD ,( Validity 30 August 2024 )
DELIVERY : FOB, TTV Jurong Port SINGAPORR, FUJAIRAH, ROTHERDAM
FOB TANK TO VESSEL (TTV) TRANSACTION PROCEDURE ZHOUSHAN, CHINA, JURONG, FUJAIRAH,ROTHERDAM
(CODE: KE/TTV/EN590/SPDCO/CMAO/08082024) (NON-NEGOTIABLE)
1. Buyer issues ICPO containing the Seller’s Transaction Procedure with Banking Details, Proof Of Funds (POF/BCL/Bank Statement (Latest within 7 Days) and scanned copy of Buyer’s Passport along with Charter Party Agreement (CPA) from Buyer’s European Logistics Company.
Note: Preferred CPA signed with European Logistics Company acceptable by the Seller.
IF JV PARTNERS: All partner require to signed at ICPO
ICPO : Contain all party on ICPO ( Buyer , Co Buyer , CPA owner and POF Owner need to signed ICPO. )
2. Seller issues Commercial Invoice (CI) for the available products in tanks at the Port, for Buyer’s review and endorsement, then return within 3 International Working Days.
3. Seller issue to Buyer Tank-To-Vessel Injection Agreement (TTVIA), which to be endorsed by the Seller, Buyer and Buyer’s Logistics Company.
4. Seller issue Injection Schedule to sign and seal from Buyer’s Logistics Company and Seller prepare the commencement of injection of the products.
5. Upon confirmation and receipt of signed and sealed Injection Schedule from Buyer’s Logistics Company with (ATV Letter). Seller releases the below POP documents directly to End Buyer’s secure email.
a) Fresh SGS (Not Older Than 48 hrs.)
b) Legalized Commercial Invoice.
c) Commitment To Supply.
d) Injection Report
e) Authorization To Sell & Collect (ATSC)
f) Authorization To Verify (ATV)
g) Dip Test Authorization (DTA)
h) Export License.
i) Statement of Product Availability
j) Tank Storage Receipt (TSR) (With Barcode and GPS Coordinates)
k) NCNDA/IMFPA
6. Buyer conducts Dip Test on the products inside the Seller’s Shore Tanks by own discretion and expenses.
7. Buyer provides Authorization To Inject (ATI) issued by the Buyer’s Logistics Company to enable Seller commence the Injection of Product into the Buyer’s Chartered Vessel.
8. Upon completion of the Product Injection, Buyer makes FULL Payment for the Total Cost of the product injected into Buyer’s Chartered Vessel by MT103 / TT Wire Transfer to Seller’s nominated Bank Account within Twenty-Four (24) Hours.
9. Buyer lifts the products and Seller pays all intermediaries involved in this transaction.
10. Seller and Buyer consider to sign further SPA (12 Months), after this successful transaction with the above similar transaction procedures.
ATTACHED 1 : EN590 10PPM SPECIFICATION
ATTACHED 2 : Some List of CPA accepted.
Preferred CPA signed with European Logistics Company acceptable by the Seller.
