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TRANSACTION PROCEDURE FOR TANK TO VESSEL
1. Upon acceptance of sellers offer, buyer issues purchase order [ICPO], Passport copy, License and CPA
2. Upon acceptance of buyer ICPO seller issues commercial invoice for buyer’s review and signing of the trail lift order for the awarded allocation.
3. Buyer and seller sign contract with a pipeline injection company (TRANSNEFT PIPELINE) and make payment for injection of product from seller tank to buyer vessel NOTE Injection fee will be share 50% / 50% with seller when it is time for payment.
4. Seller lodge the sign commercial invoice with buyer license, injection agreement and Q88 with the [Ministry of Energy Russia Federation], upon successful endorsement by the Ministry of Energy, Seller issues the POP documents as shown below;
-Dip Test Authorization [DTA]
-Fresh SGS Report
-Q&Q Report-Ullage Report -Tank Storage Receipt
-Tank Injection Report -Authorization to Verify
5. Seller commences injection to buyer Vessel / tank storage, Buyer inspects by SGS.
6. Seller issues document to all intermediaries involved in the transaction and to seller/buyer. Endorsed NCNDA/IMFPA.
7. Buyer makes payment for the product via MT103 after completed injection and receiving copy of bill of lading and seller transfers title ownership to buyer and sign yearly contract Delivery.
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Russia origin fuel offer Tank to Vessel
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