FOB FUJAIRAH TTT – TTV

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EN590 10 – PPM DIESEL
Origin: KAZAKHSTAN
Quantity: 100,000 Metric Tons per month – 500,000 Metric Tons
per month FOB Price: $560.00 USD Gross
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FOB PROCEDURE. FUJAIRAH TTT – TTV

1. Buyer issues ICPO + TSA or CPA to seller with CP and buyer passport.
2. Seller issue Cl with NCNDA to buyer, buyer return signed Ci with NCNDA to seller.
3. Seller release the listed PPOP to the buyer as a prove of products:
I. Product Passport (analysis)
Il. Statement of Product Availability
Ill. Commitment letter to supply
IV. Authority to sell (ATS)
4. Buyers bank issue MT99 swift bank to bank within 5 working days only.
Note: If the buyer fails to issue the MT199 swift within the 5 working days’ time frame,
BUYER will be required to pay Alternative of $210,000 USD as a guarantee for TTT OR
TTV via TT transfer to the sellers nominated bank account.
5. Upon confirmation of the buyer MT199 swift or alternative payment of the $210,000 USD, seller issue to buyer endorsed
a.) TTVIA, or TTTIA,
b.) fresh SGS report,
c.) TSR
d.) unconditional DTA for the buyer dip test conducting physically.
6. Buyer issue Storage facility and vessel details to the seller. In order to program lift in the name of the buyer at the sellers loading port. (Only buyers with ready vessels are
considered.)
7. Upon confirmation of the buyer’s vessel, the seller’s programs lift in buyer’s name.
8. Upon completion of the dip test, the Buyer makes full total payment by MT103 wire transfer for 100% of the product to seller’s bank before loading, Title Ownership is transferred to Buyer’s name.
9. Seller load buyers’ vessels.
10. Seller releases payment to intermediaries within 24hrs of Buyer’s payment. Payment confirmation as per signed NCNDA & IMFPA