JP54 Sellers Published date: August 25, 2019 Modified date: January 29, 2020

FOB Rotterdam / Houston DIP AND PAY SALES AND PURCHASE PROCEDURE.

First lift 1 - 2 million bbls follow by 2 - 5 million bbls monthly contract
Request Fix price offers.

1.Buyer issue icpo containing the seller's working procedure with banking details and scanned copy of buyer's passport and TSA

2.Seller issue commercial invoice of the product; buyer sign and return back commercial invoice to seller along with an acceptance letter of the sales and purchase procedure.

3. Seller issue to buyer ppop listed below:

A) gps coordinate-tank storage receipt (tsr) with scanned barcode,
B) unconditional dta)
C) authorization to sell and collect.
D) Fresh sgs report Rotterdam
E) authorization to verify (atv).

4. Buyer inspect by sgs (dip test in seller's tanks) on buyer’s expenses.

5. Seller issues document to all intermediaries involved in the transaction and to buyer. endorsed ncnda/imfpa.

6. Upon successful dip test in tank, buyer makes payment for the product via mt 103

7. Seller transfer title to buyer, Buyer provides Tank Details –TSR and Authority to Inject (ATI) and Seller injects the fuel into Buyer's leased storage Tank / Vessel and submits the full Injection Report (IR) to Buyer. Buyer pays buyer side commission, seller pays seller side commission after complete payment

• Company Name: WIRA
• Country: NL

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