Gas Oil – High Sulphur (FOB)
 TTM Transaction

Product: Gas Oil – High Sulphur
Flash Point: Above 60°C
Density: Above 820
Minimum Order Volume: 10,000 MT
Transaction Type: Table-Top Meeting (TTM)
Delivery Term: FOB

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Transaction Procedure

1. The Buyer issues an Irrevocable Corporate Purchase Order (ICPO) together with a Corporate Profile (CP) to the Seller.

2. Upon receipt of the ICPO and CP, the Seller arranges a Table-Top Meeting (TTM) at the Seller’s office in the United Arab Emirates (UAE).

3. During the TTM, the Buyer demonstrates financial capability via online banking to the Seller.

4. Upon verification of the Buyer’s financial capability, the Seller issues the Authorization to Board (ATB) and Undertaking (UDTA) to the Buyer within twenty-four (24) hours.

5. The Buyer conducts a Dip Test at the Seller’s offshore tank at the Buyer’s own expense.

6. Upon receipt of a positive inspection report, the Buyer proceeds to seal the Seller’s tank.

7. The Buyer pays twenty percent (20%) of the total cargo value to the Seller.

8. The Seller connects the tank to the Buyer’s nominated vessel.

9. The Buyer injects the full cargo volume into the vessel.

10. After completion of the injection, the Buyer pays the remaining eighty percent (80%) of the total cargo value to the Seller.

11. Upon receipt of full payment, the Seller transfers title ownership of the cargo to the Buyer.

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Contact Information

For inquiries, documentation submission, and transaction coordination, please contact:

Email: info@gccoil.com
Contact Person: Ahmad
Phone / WhatsApp: +31 6 4928 9174