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| DIP & PAY PROCEDURE FOR FOB ROTTERDAM / HOUSTON PORT (EN590 10 PPM, Jet A1, ESPO, LCO.)
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2022-09-10 |
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1.Buyer accepts seller's procedure and issues CP ( company profile ) and ICPO with company registration Certificate.
2. Seller Issues C.I ( Commercial Invoice ) with port tank number and TSR number to be included in CI, buyer Countersign within 24 hours and return to seller.
3. Seller provides the tank farm contract to the buyer for the buyer to take over the seller's tank and pay for an extra 3-5 Days minimum in order for the buyer to conduct a dip test.
4. Seller issues the below POP documents to the buyer's secured email for verification.
a) Tank storage agreement (TSA).
b) Tank storage receipt (TSR) with GPS coordinates of tank location.
c) Passport product analysis.
d) Authorization To Sell and Collect (ATSC).
e) Certificate of Origin.
5. Within 48 hours the buyer provides an extended TSR to the seller.
6. Seller issues Unconditional (DTA) to buyer.
7. Buyer conducts Dip test and pays for total products via MT103 against title exchange and takes over product from seller's tank.
8. Seller pays all intermediaries involved in the transaction and subsequently monthly shipment continues as per terms and conditions of the Commercial Invoice and extension of the transaction by issuing 12 months' contract to buyer for proceeding.
If the buyer accepts the Refinery working procedure above, the buyer should kindly issue ICPO to the refinery and according to their FOB working procedure.
The products available in their tank in Rotterdam / Ningbo port, EN590 10 PPM, Jet A1, ESPO, LCO.
EN590 10 PPM GROSS $375 / NET $365,
Jet A1 GROSS $190/ NET $180 ,
ESPO GROSS $220 / NET $210
LCO GROSS $230 / NET $220.
And seller prices are open for negotiation and buyers can also mention their own target price.
For details contact us.
Mr. Victor Isama (Associate Partner)
Group DF International
Tel/WhatsApp: +2347040689713
Email:Fellenapetroluembv@gmail.com
Website: https://www.fellenapetroluembv.com
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