TTV Rotterdam/Fujairah/Houston/Jurong 👇
Product : EN590-10PPM
Origin : KAZAKHSTAN
Quantity : Minimum 100,000MT Trial
Price : US$590/MT
Loading Port :
Rotterdam/Fujairah/Houston/Jurong
TANK TO VESSEL (TTV) PROCEDURE
1. BUYER ISSUES ICPO ON BUYER COMPANY LETTERHEAD CONTAINING THE SELLER'S WORKING PROCEDURE WITH BANKING DETAILS, SCANNED COPY OF BUYER'S PASSPORT DATA PAGE AND CERTIFICATE OF INCORPORATION, ALONG WITH CHARTER PARTY AGREEMENT (CPA) FOR SELLER'S VALIDATION.
2. SELLER ISSUES A COMMERCIAL INVOICE OF THE PRODUCT IN TANKS AT THE PORT, AND BUYER SIGNS AND RETURNS A COMMERCIAL INVOICE TO SELLER.
3. UPON RETURN OF THE ENDORSED CI, SELLER RELEASES TO BUYER THE FOLLOWING PARTIAL PROOF OF PRODUCT (PPOP) DOCUMENTS;
A. AUTHORIZATION TO VERIFY (ATV) BY EMAIL OR CALL.
B. COMMITMENT LETTER TO SUPPLY
C. CERTIFICATE OF ORIGIN
D. STATEMENT OF PRODUCT AVAILABILITY
E. TSR
4. BUYER LEASES SELLER'S TANK EXTENSION PAYMENT TO ENABLE TANK CLEARANCE AND FOR BUYER TO GAIN A PORT LEGAL ACCESS PERMIT TO EXECUTE A DIP TEST FOR QUANTITY AND QUALITY INSPECTION AND FRESH INSPECTION/REPORT BY SGS IN SELLER'S TANK. NOTE: THE AMOUNT PAID FOR 3 DAYS TANK EXTENSION TO SECURE TANK CLEARANCE AND THE INVOICE WILL BE ISSUE WITH A WITH A REFUND POLICY, AND PORT LEGAL ACCESS PERMIT WILL BE DEDUCTED WHEN BUYER IS PAYING FOR THE FULL PRODUCT.
Notes: For TTV In point number 4, The buyer can make a proposal to negotiate to do the dip test first before making payment for the seller's tank extension. Based on negotiations between both parties, Together with ICPO, the Buyer will attach a Letter of Request for Previously SGS Report or carry out an Unconditional Dip Test Authorization (UDTA) to the Seller's tank first before paying Seller's tank extension. The parties who will sign are the Seller's tank listed in the TSR, the Seller and the Buyer. (Buyers can validate that the Seller really has the product being offered). The cost for the implementation of the Dip Test will be charged to the Buyer's expense.
5. UPON CONFIRMATION OF THE BUYER SECURING TANK CLEARANCE AND PORT LEGAL ACCESS PERMIT TO THE PRODUCT SELLER ISSUES TO BUYER A SIGNED TANK TO VESSEL INJECTION AGREEMENT (TTVIA) TO BE ENDORSED BY BOTH SELLER AND BUYER'S LOGISTICS COMPANY.
6. UPON CONFIRMATION OF THE SIGNED TANK TO VESSEL INJECTION AGREEMENT (TTVIA), SELLER ISSUES DTA FOR BUYER TO PROCEED WITH THE DIP TEST AND BUYER AND HIS SGS INSPECTION TEAM CONDUCT A DIP TEST ON THE PRODUCT IN THE SELLER TANK.
7. UPON THE SATISFACTORY RESULT OF THE DIP TEST, THE SELLER'S STORAGE COMPANY ISSUES BUYER THE NOTICE OF READINESS (NOR) TO INJECT THE PRODUCT.
8. BUYER PROVIDES Q88 AND ATI FROM HIS LOGISTICS/SHIPPING COMPANY AND MAKES THE VESSEL AVAILABLE FOR THE INJECTION PROCESS TO COMMENCE AS SCHEDULED. NOTE: INJECTION FEES WILL BE PAID IF BUYER DOES NOT HAVE THEIR INJECTION PERSONNEL.
9. UPON COMPLETION OF THE INJECTION, SELLER RELEASES TO THE BUYER THE BELOW POP DOCUMENTS :
A. PRODUCT SGS REPORT.
B. PIPELINE INJECTION REPORT.
C. AUTHORITY TO SELL AND COLLECT (ATSC)
D. PRODUCT PASSPORT (ANALYSIS TEST REPORT).
E. NCNDA/IMFPA TO ALL INTERMEDIARIES INVOLVED IN THE TRANSACTION AND TO THE BUYER.
F. ENDORSED NCNDA/IMFPA.
10. UPON CONFIRMATION OF THE ABOVE POP DOCUMENTS BY BUYER AND THE ENDORSEMENT OF NCNDA/IMFPA BUYER IMMEDIATELY PAYS FOR THE TOTAL COST OF THE PRODUCT VALUE INJECTED INTO THE SHIP/VESSEL THROUGH MT103 TT WIRE TRANSFER. SELLER PAYS ALL INTERMEDIARIES INVOLVED IN THE TRANSACTION UPON RECEIPT OF THE PAYMENT WITHIN 24 HOURS AND TRANSFERS THE TITLE OF OWNERSHIP CERTIFICATE OF THE PRODUCT TO THE ENTITY NOMINATED BY BUYER.
11. SECOND AND SUCCEEDING SHIPMENTS CONTINUE.