Reseller offering Tank Take Over EN590 10PPM Rotterdam Ready
- Jose Pagan
- 6 hours ago
- 4 min read
The oil and gas commodities market offers many opportunities for buyers and sellers to engage in large-scale transactions. One such opportunity is the Tank Take Over (TTO), a transaction method that allows buyers to purchase fuel products directly from a leased tank at a port terminal. This post explores a reseller offering TTO for EN590 10PPM diesel originating from Kazakhstan, available on FOB Rotterdam terms. Understanding this process can help buyers navigate the complexities of large fuel purchases with confidence.
What is Tank Take Over (TTO)?
Tank Take Over is a transaction where the buyer purchases the entire product quantity stored in a leased tank at a port terminal. The buyer takes control of the tank and the product inside, simplifying logistics and reducing handling costs. This method is common in oil and gas commodities trading, especially for large volumes.
In this case, the product offered is EN590 10PPM diesel, a high-quality fuel standard with low sulfur content, making it suitable for modern engines and environmental regulations.
Product and Pricing Details
Product: EN590 10PPM Diesel
Origin: Kazakhstan
Available FOB: Rotterdam
Price per Metric Ton: $600 to $590
Minimum Quantity: 100,000 Metric Tons
Maximum Quantity: Unlimited
Payment Terms: MT103/TT for the value of the goods
Commission: $5 per metric ton for both seller-side and buyer-side
The pricing is competitive for bulk diesel fuel, especially considering the product's origin and quality. The FOB Rotterdam term means the buyer takes responsibility once the product is loaded onto the vessel at Rotterdam port.
Why Choose a Tank Take Over Transaction?
TTO offers several advantages for buyers:
Direct control over product: Buyers can verify and inspect the product in the tank before finalizing the purchase.
Reduced handling costs: Since the product is already stored in a leased tank, buyers avoid additional storage or transfer fees.
Large volume availability: Suitable for buyers needing significant quantities, with no upper limit on volume.
Clear payment terms: MT103/TT payment ensures secure and traceable transactions.
Step-by-Step Transaction Procedure for TTO
The TTO process involves clear steps to ensure transparency and security for both parties.
Buyer Issues ICPO
The buyer submits an Irrevocable Corporate Purchase Order (ICPO), along with company registration and a copy of the buyer’s passport data page.
Seller Issues Commercial Invoice (CI)
Upon receiving the ICPO, the seller issues a Commercial Invoice for the total quantity of product in the leased tank, which the buyer must endorse.
Buyer Endorses and Returns CI
The buyer signs and returns the Commercial Invoice and ICC Warning Letter to the seller for legalization.
Legalized Commercial Invoice
Authorization to Verify (ATV)
Letter of Guarantee
Commitment to Supply
Statement of Product Availability
Authorization to Sell & Collect (ATSC)
Seller Sends Proof of Product (POP) Documents
The seller provides legalized documents including:
Buyer Verifies Product Storage
The buyer contacts the storage company to verify the product and extend tank lease if necessary.
Seller Issues Dip Test Authorization
The seller grants the buyer an Unconditional Dip Test Authorization (DTA) to conduct a dip test on the product.
Buyer Conducts Dip Test
The buyer’s SGS team performs the dip test at their expense. Upon successful testing, the seller releases final POP documents directly to the buyer’s secured email, excluding intermediaries:
SGS Report
Pipeline Injection Report
Accreditation Certificate
Export License
Authorization to Sell & Collect (ATSC)
Product Allocation Certificate
Certificate of Origin
Product Passport
This detailed process ensures the buyer receives verified product and documentation, minimizing risks.
Payment and Commission Structure
Payment is made via MT103 or Telegraphic Transfer (TT) for the full value of the goods. This method is secure and widely accepted in international trade.
The commission is set at $5 per metric ton for both the seller and buyer sides. This transparent fee structure helps buyers and sellers understand the cost breakdown clearly.
Why Kazakhstan-Origin Diesel?
Kazakhstan is a significant oil producer with access to high-quality crude and refined products. Diesel fuel from Kazakhstan meets international standards and is competitively priced due to the country's strategic location and production capacity.
Choosing Kazakhstan-origin EN590 10PPM diesel offers buyers:
Reliable supply from a stable source
Compliance with environmental regulations due to low sulfur content
Competitive pricing compared to other origins
Key Considerations for Buyers
Minimum order size: The minimum quantity is 100,000 metric tons, so buyers must be prepared for large-scale transactions.
Inspection: Independent inspection by SGS or CIQ ensures product quality and quantity.
Documentation: Buyers should carefully review all POP documents and ensure compliance with local import regulations.
Communication: Direct contact with the seller and storage company is essential for smooth transaction flow.
Contact Information for Interested Buyers
For those interested in this reseller offering tank take over, the point of contact is:
Jose Pagan
Tier 1 Fuel Source
Email: ceo@nationwidebgny.com
WhatsApp: +1-(631) 921-0912
Website: www.nationwidebgny.com
This contact provides direct access to the seller and transaction support.
Final Thoughts
Tank Take Over transactions offer a practical way for buyers to secure large quantities of high-quality diesel fuel with clear payment terms and verified product availability. The EN590 10PPM diesel from Kazakhstan, available FOB Rotterdam, presents a valuable opportunity for buyers in the oil and gas commodities market.
Interested buyers should prepare their ICPO and supporting documents to initiate the process. With proper due diligence and adherence to the transaction steps, buyers can confidently complete a secure and efficient fuel purchase.
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