EN590 10 PPM | Vessel to Tank | Fujairah
(-70 USD, minus Arab Gulf platt )

1. Buyer issues ICPO with full banking information, Passport Copy and Incorporation Certificate. & RWA (ready and willing to provide MT199 from buyer’s bank account addressed to Seller’s Bank).

2. Seller issues Commercial Invoice (CI) for the available quantity in the Seller’s vessel underway to Fujairah/Rotterdam port. Buyer signs and returns the Commercial Invoice (CI) within 24 hours along with Tank Storage Agreement (TSA or CPA).

3. Buyer will issue MT199, from Buyer's bank (Buyer's bank should be in prime top 50 banks of the world) to Seller's bank. Should Buyer fail to issue MT199, within 72 hrs., this CI will be automatically cancelled.

Please Note: Company that will send ICPO must be the same that will issue the MT199, no JV’s with exits, or other agreement with End Buyers accepted.

4. Seller presents the following documents to the Buyer to conduct Dip Test in Seller’s tank or vessel:

A.   Unconditional Dip test Authorization (DTA).

5. Buyer conducts Dip Test in the Seller’s tank or vessel and upon successful Dip Test immediately provides vessel Q88 or valid verifiable TSR to the Seller.

6. Seller signs NCNDA / IMFPA with intermediaries for commissions to be paid out immediately upon receipt of payment from the Buyer.

7. Buyer makes full payment of the product by MT103 / TT Wire Transfer to the Seller's bank account.

8. Seller signs Tank to Vessel Injection Agreement (TTVIA) with the enclosed (Q88) to commence injection of product into the Buyer's vessel / or Tank to Tank Injection Agreement (TTTIA) with the enclosed (TSR) from Buyer to commence injection of product to Buyer's tank with full coordinates of Buyer's tank.

9. BuyerandSellersignalong-termcontractfortheconsistentsupplyformutuallyagreeablequantities