Gas oil – High Sulphur FOB 

Flash point: Above 60 

Density: Above 820 

TTM Transaction

1- The buyer issues an Irrevocable Corporate Purchase Order (ICPO) and a Corporate Profile (CP) to the seller.

2- The seller arranges a Table-Top Meeting (TTM) at their office in the UAE.

3- During the meeting, the buyer demonstrates his financial capability via online banking.

4- Upon verifying the buyer’s financial capability, the seller issues the Authorization to Board (ATB) and Undertaking (UDTA) to the buyer within 24 hours.

5- The buyer conducts a Dip Test at the seller’s offshore tank at their own expense.

6- Upon receiving a positive report from the buyer’s inspection team, the buyer seals the seller’s tank.

7- The buyer pays 20% of the total cargo amount.

8- The seller connects his tank to the buyer’s vessel.

9- The buyer injects the total cargo into their vessel.

10- Subsequently, after the injection the buyer pays the remaining 80% of the total amount to the seller.

11- The seller transfers the title ownership to the buyer.

Minimum Order volume: 10.000 MT