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      You are in ::  Home > Fuel Oil > Read
  Fuel Oil Read  
Sell :: 354
Buy :: 98
News :: 19
Count : 127
FOB PROCEDURE FOR SERIOUS BUYERS ONLY, ROTTERDAM, HOUSTON AND RUSSIAN PORT 2018-01-12
 

1. Buyer sends ICPO/CP to Seller on receipt of Seller's Soft Offer
2. Seller issues draft contract along with commercial invoice, Buyer Signs and returns to Seller for final endorsement
3. Seller issue: Partial POP Document:
1. Product Passport (analysis)
ii. Statement of Product Availability
iii. Commitment letter to supply
iv. Authority to sell (ATS)
v. Refinery Registration Certificate
vi. Tax Certificate

4. Buyer provides for seller, buyer's Tank Storage Agreement (TSA) for seller approval, upon the approval of the buyer TSA, buyer provide to the seller their Tank Storage Receipt (TSR)

5. Seller issues the following FULL POP to buyer upon successful verification of the TSR by the Seller
-DIP TEST AUTHORIZATION (DTA)
-Notice of Readiness (NOR)
-Delivery Schedule
-Pre - Injection Report

6. Upon confirmation of act of transfer in buyer's name, seller issues to the buyer, Title of Ownership Certificate to be followed by all export documentation, buyer conduct DIP TEST.

7. Upon receipt of the DTA buyer conducts dip test, after successful dip test, buyer lift the product and pay at sight via MT103

8. Lifting commence and buyer release payment instruments as agreed by both parties.

9. Seller pays commission to all involved mandates and intermediaries within 48 hours of receipt of payment for any lift by T/T wire transfer as mutually agreed in the NCNDA/IMFPA
 
 Contact Information
Name   Mr. Vladislav Vyache 
Company   Member : Russian Oil Company 
Email   Log In to See Email 
   Inquire Now 
Tel   +447452017212 
Fax   +13613567288 
Mobile   +447452017212 
Web    
IP   31.131.253.195 

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