EN590-10 PPM TANK TO TANK (TTT)

 

BUYERS MUST SELECT ONE OF THE FOLLOWING OPTIONS: FOB TRANSACTION PROCEDURES

OPTION 1 (FOB):

1. THE BUYER ISSUES THEIR ICPO, AND COMPANY PROFILE AND COMPANY REGISTRATION CERTI FICATE AND PASSPORT COPY (DATA PAGE) ALONG WITH THEIR TSA AND POF.

2. THE SELLER ISSUES COMMERCIAL INVOICE (CI) & WARNING LETTER & NCNDA/IMFPA. BUYER SIGNS AND RETURNS TO SELLER. SELLER WILL COMPLETE VERIFICATION ON TANK FARM OF THE BUYER.

3. SELLER PAYS BUYERS TANK FARM COMPANY FOR HIS THREE DAYS (3) DAYS TANK STORAGE COST.

BUYER THEN PAYS HIS OWN TANK FARM COMPANY FOR HIS THREE DAYS (3) DAYS TANK STORAGE COST FOR THE INJECTION PROCESS (TOTALING A SIX (6) DAYS ACTIVE TSR TO BE ISSUED). IF, UPON VERIFICATION, BUYER’S TSA/TSR CANNOT BE LOCATED, THE BUYER NEEDS TO EXTEND THE SELLER’S TANK FOR SIX (6) DAYS ACTIVE TSR.

4. THE SELLER ISSUES FOLLOWING POP DOCUMENTS TO THE BUYER SERURED EMAIL:

A. INJECTION REPORT

B. CERTIFICATE OF ORIGIN

C. TANK STORAGE RECEIPT FROM THE SELLERS TANK FARM

D. DIP TEST AUTHORIZATION LETTER (UDTA) – UNCONDITIONAL

E. ATSC-AUTHORIZATION TO SELL & COLLECT

F. FRESH SGS NOT OLDER THAN 48 HOURS

G. AUTHORIZATION TO VERIFY THE PRODUCT IN THE SELLER’S TANK (ATV)

5. ALL INTERMEDIARIES SIGN NCNDA IMFPA.

6. THE BUYER CONDUCTS DIP TEST ON THE PRODUCT AT BUYERS EXPENSES AND MAKES THE PAYMENT FOR THE TOTAL VALUE OF THE PRODUCT INJECTED INTO THE TANKS THROUGH THE MEANS OF MT103-TT.

7. SELLER PAYS ALL INTERMEDIARIES INVOLVED IN THE TRANSACTION (VIA THE SIGNED IMFPA) AND SUBSEQUENTLY MONTHLY/WEEKLY SHIPMENT CONTINUES AS PER TERMS AND CONDITIONS OF THE SALES AND PURCHASE AGREEMENT CONTRACT BETWEEN BUYER AND SELLER.