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JET A1, $98/$94/BBL- D6, $1.20/$1.16/GL - D2, $310/$290/ MT- EN590, $320/$310/ MT
Transaction procedures
1) The Buyer issues and send irrevocable corporate purchase order (ICPO) with seller’s transaction procedure along with passport copy of the company representative.
2) Seller issues Commercial Invoice (CI) to the buyer along with statement of availability of product and commitment to supply. The buyer signs and return the Commercial Invoice (CI) to the seller with his signed tank storage agreement(TSA) for seller’s verification and approval.
3) Seller releases the POP document as below and sends to the buyer.
• Quantity and Quality Certificate (SGS) 48hrs fresh
• Tank Storage Receipt (TSR).
• Product Passport (Dip Test Result).
• Statement of Product Availability.
• Refinery Commitment to Supply.
• Authorization to Sell/Collect (ATSC).
• Authorization Letter to Verify the Product with the Tank Farm.
• Company Registration Certificate.
4) Within 48 hours’ completion of the injection of the product into the buyer’s tank, the buyer issues 100% TT wire transfer payment to the seller. The seller transfers the title ownership to the buyer.
5) Seller pays commission to all intermediaries
6) The seller issues 12 months’ contract for the buyer Review and Execution.
IF THE ABOVE TERMS AND WORKING PROCEDURES ARE ACCEPTABLE BY YOUR COMPANY
KINDLY ISSUE AN ICPO INSERTING THE ABOVE WORKING PROCEDURES IN THE ICPO FOR REVIEW AND ACCEPTANCE
ICPO issued to: FURAX GROUP
sales@furaxgroup.com
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