FOB DIP AND PAY SALES PROCEDURE

1 - Buyer issue ICPO or LOI to the Seller Company and buyer ID passport Copy ,TSA.

2 - Seller issue official sales commercial invoice and representative ID passport copy.

3 - Buyer signed and returns sales commercial invoice, and obtains terminal access code (TAC) from port authority ,to physically visit port terminal and conduct dip test .

4 - Upon buyer physical visit to port terminal, seller company issue full POP documents which includes :TSR, injection report, product passport report ,SGS report, unconditional DTA.

5 - Upon verifying the full POP documents, buyer commence dip test, successful dip test proceed to injecting the fuel in to the buyer tank within 5 days injection schedule plans.

6 - Buyer pays complete products cost via SBLC-BG to seller account.

TRANSACTION WORKING PROCEDURE FOB ROTERDAM

1 - Buyer send ICPO in line with seller working procedures alongside his/her tank storage agreement (T.S.A) on receipt and acceptance of seller s soft offer .

2 - Seller issues commercial invoice (C.I) buyer sign within 24 hours and returns to seller within its validity.

3- Upon receipt and review of the signed C.I ,seller issues dip test authorization (D.T.A) to be completed and signed by buyer in order for dip test to be conducted alongside counter signed copies of the C.I .

4- Buyer returns the dip test authorization (DTA) fully completed and signed within its validity and upon successful review of the completed DTA, seller issues the below

  • A- Fresh SGS report (Not older than 72 hours)
  • B- Product reservoir receipt
  • C- Product passport (Quantity and quality analysis)
  • D- Authorization to sell and collect certificate (ATSCC)
  • E- Injection report

5 - Upon receipt and confirmation of the above POP documents, buyer provide its testing official (SGS or INTERETEK) and the needed test are carried out on the products in seller s tanks.

6- Buyer upon successful dip test makes full payment by the MT103/TT wire transfer for the each part to seller account .

  • Contract payment terms is BG-SBLC .
  • BG-SBLC will be 365+1 days equivalent to buying a shipment of one month

7- Seller issue a contract for buyer s desired duration upon successful completion of the trial order.