EN590 10PPM Houston

OPTION 1OPTION 1 FOB TANK TO TANK PROCEDURE. 1. Buyer issues ICPO containing the Seller's working Procedures with banking details and scanned copy of Buyer's passport along with TSA. 2. Seller issues Commercial Invoice of the product in tanks at the port; Buyer and Buyer's logistics sign and return the Commercial Invoice to Seller. 3. Seller issues to Buyer PPOP listed below: a. GPS Coordinates - Tank Storage Receipt (TSR). b. Injection Report. c. Unconditional Dip Test Authorization letter (DTA). d. Authorization to Sell, and Collect (ATSC). e. Authorization to Verify (ATV). f. Fresh SGS Report in Seller's tank. 4. Seller issues NCNDA/IMFPA for the following document to all intermediaries involved in the Transaction and to Buyer for signing. 5. Buyer inspects by SGS at Buyer's expense and sends TSR. 6. Upon successful DIP Test in tanks, the product will immediately be injected into Buyer's tanks. Buyer makes Payment for the product via MT103 and Seller transfers Title Ownership to Buyer. OPTION 2 TTT/TTV TRANSACTION PROCEDURE: FOB ROTTERDAM / HOUSTON. 1. The Buyer sends ICPO on receipt and acceptance of the Seller's Soft Offer. 2. Seller issues Commercial Invoice (CI), buyer's signs and returns to seller. 3. The Buyer signs and returns the CI to Seller with Copy of International Passport (Data Page). 4. The Seller issues the readiness to inject and UDTA, ATSC, the buyer extends seller’s tank for minimum of 3 days to enable the buyer to conduct Dip test in the seller tank. 5. Buyer makes 3 - 5 days TSR invoice payment to the seller’s Storage Facility via MT103. 6. Upon confirmation of payment via seller’s Tank Administrator, The Buyer contacts the Seller Tank Administrator to execute the Quality & Quantity, and to register in the Tank Farm Terminal prior to the Inspection. 7. Upon the Successful Dip Test Inspection in the Seller's Tank, the Buyer Submits the TSR from his Tank Farm or NOR from his Shipping Company, and Seller Injects the product into the Buyer Tank or Vessel, or the Buyer takes over the sellers’ tanks. 8. The Seller releases the Complete POP Documents to the Buyer, including the following documents: Resource Confirmation Letter (issued by the End-Refinery). 9. The Buyer issues 100% payment for the total product by MT103/TT Wire Transfer to the Seller. 10. The Seller transfers the product title with the complete POP Documents to the Buyer and pays the commission to the Intermediaries as per Master Fee Agreement. OPTION 3 TRANSACTION WORKING PROCEDURES FOB ROTTERDAM & HOUSTON. 1. Buyer issues ICPO with banking details along with Tank Storage Agreement (TSA) as proof of storage tank availability. 2. Seller issues Commercial Invoice (CI), for the available quantity, buyer signs and returns to seller within its validity, buyer ask for their Tank farm to issue Two (2) payment invoices, one for three (3) days for the refinery and the other for Three (3) days in the name of the Buyer and sends Invoices for seller verification. 3. Seller pays to Buyer tank for Three (3) days After confirmation of the buyer payment from Buyer tank farm, buyer pays Three (3) days to complete the (6) days TSR, and Seller issues Injection Report. NCNDA/IMFPA signed by all parties involved in the transaction and sent to the seller for Endorsement. 4. Seller issues following POP documents to Buyer: a. Injection Report Of Product b. Dip Test Authorization (D.T.A.) – Unconditional c. Fresh SGS Report (Not older than 48 hours) d. Reception Report e. Product Certificate of Origin (Kazakhstan) f. Storage Reservoir Receipt with Scanned Barcode g. Authorization to Sell and Collect (A.T.S.C.) h. Product Allocation Certificate i. Endorsed NCNDA/IMFPA by seller, and register & legalized by seller's bank and a copy shall be sent to intermediaries Representative to secure commission payment. 5. Buyer conducts Dip test on the product in Seller Tank and makes the payment for the total value of the Product Injected into the tanks through the means of MT103- TT. 6. Seller pays all intermediaries involved in the Transaction according to the Signed NCNDA/IMFPA within 24 hours of Buyer payment, and send SPA to buyer for one year subsequently monthly shipments continue as per terms and conditions of the sales and purchase agreement contract between buyer and seller.