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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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