| |
TRANSACTION PROCEDURE – FOB ROTTERDAM (NETHERLAND ORIGIN)
1. Buyer sends ICPO and TSA (including Seller name as the Supplier - SHELL PLC on ICPO and TSA)
2. Seller provides Commercial Invoice to buyer
3. Buyer signs and returns Commercial Invoice (CI) to seller along with TSR (one day) along with a scanned copy /NCNDA / IMFPA signed by all buyers group with commission structures which was notarized by the Notary Public in Netherland as well as Endorsed by sellers Bank. (No fee is required from the buyer for NCNDA/IMFPA notarization in Netherland)
4. Seller releases Full POP documentation:
a. fresh SGS report less than 48 hours, b. ATSC Authorization to sell and collect,
c. ATV authorization to verify, d. Tank Fact Sheet and e. An Unconditional DTA for buyers optional Dip test if needed.
5. Buyer verifies the full Proof of Product (POP) documentation.
6. Buyer pays after completion of injection for the total value of product injected into the tanks through the means of SWIFT MT103 / TT / SBLC / DLC, the title ownership will be immediately transferred to the buyer.
7. Buyers will pay after buyer’s carry out the Dip test in the seller’s tank storage and product be injected into the buyer’s tank storage.
8. Seller pays commission to all the intermediaries involved in the transaction immediately after confirmation of the Buyers payment in accordance with the signed and sealed NCNDA / IMFPA which was notarized by the Notary Public in Netherland as well as Endorsed by the seller's Bank.
FREE ON-BOARD ROTTERDAM/HOUSTON NON-NEGOTIABLE PROCEDURE 1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) containing detail along with buyer’s nominated Tank Storage TSA, company registration certificate and data page of buyer’s passport. 2. Seller issues Commercial Invoice of the product in tanks at the port, buyer and buyer logistics sign and return commercial invoice along with an acceptance letter. 3. Seller issue a copy of SGS Report from Rotterdam SGS to buyer Tank farm company only to verify SGS Report. (SGS Report only for Tank farm verification and no other parties) 4. Upon confirmation of SGS Report by buyer's Tank farm, Seller leases and pays the buyer’s tank for 2 days first and Buyer pays his Tank Farm Company for 3 days after his Tank Farm Company has received the payment from Seller Company. 5. Seller issues following POP documents to buyer, buyer conducts Dip test on the product and makes the payment for the total value of product injected into the tanks through the means of MT 103 / TT a) Q&Q Report. b) Injection Report. c) Unconditional Dip test authorization let d) Authorization to sell. e) Fresh Update SGS Report. f) Authorization to verify physically the product in seller’s tank (ATV) 6. Seller pays all intermediaries involved in the transaction and subsequently monthly shipments continue as per sales and purchase agreement contract between buyer and seller.
gasexport@gmail.com
|
