FOB TANK TO TANK

1)         Buyer issues:

•          ICPO

•          Tank Storage Agreement (TSA)

•          Buyer passport.

1)         Seller issues Commercial Invoice, Buyer signs and returns back to Seller for countersigning.

2)         Seller releases Inspection Approval Letter to Buyer to be signed by the Buyer and the Buyer’s Tank Farm. All parties’ signs NCNDA

3)         Upon receipt of the signed Inspection Approval Letter from Buyer’s Tank Farm, Seller issues the below documents to buyer:

•          Quantity and Quality Certificate (SGS) 48hrs fresh

•          Tank Storage Receipt (TSR).

•          Product Passport (Dip Test Result).

•          Statement of Product Availability.

•          Refinery Commitment to Supply.

•          Authorization to Sell/Collect (ATSC).

•          Injection Report

•          Dip Test Authorization (DTA)

4)         Upon successful verification of documents by the Buyer, Seller & Buyer’s representative and the SGS Team meets at seller tank storage for dip test on the product and presentation of the hard copy Proof of Product documents to buyer representatives face to face.

5)         Upon confirmation of product Q&Q, Seller seals the tanks in buyer’s name for 10 days, Buyer pay for product by MT103/ TT and Seller immediately begins injection into buyers’ tank storage.

6)         Seller pays all intermediaries according to the signed NCNDA/IMFPA for monthly deliveries.