SGS / Bureau Veritas / INTERTEK Verification FOB Tank To Vessel Procedure
DIESEL FUEL EN590 10PPM FOB PROCEDURE
| Attribute | Details |
|---|---|
| Product | DIESEL FUEL EN590 10PPM |
| Origin | Non sanctioned |
| Intercoms | TTT |
| Trial Spot | 50,000 MT Up To 200,000 MT (+/-5%) |
| Contract | One year contract with RE, monthly deliveries |
| Quantity | 100,000 MT Up to 400,000 MT monthly |
| FOB Price | Contact for price |
| Commission | Seller $5 / Buyer $5 |
| Terms of Trade | FOB (TTV / TTT) |
| Lifting Port | Batumi Port (Georgia) |
| Destination Port | Any Safe Port Worldwide |
1) Buyer shares following information: company name, legal address, registration or tax identification number, CEO or Director full name, SWIFT / BIC, Account number or IBAN.
2) Seller and Buyer sign and exchange Memorandum of Understanding.
3) Seller provides ATV for buyer to contact the Independent Surveyor (SGS/Bureau Veritas/INTERTEK) company to confirm availability of product
4) Buyer upon successfully verification with Intertek buyer cover the cost of the Independent surveyor inspection, through the seller. This cost will cover the Sample collecting, the product analyst, the Port authorization and the reservation of the product on the buyer’s name under a period of 1 month.
5) Seller completes all paperwork with Intertek to commence inspection of the product.
6) Upon completion of the inspection, Intertek issue the Q&Q report, with Buyer as consignee and seller as consignor and the seller issue also the PPOP to the buyer:
- Guarantee to supply
- ATS
- Notice of Readiness-NOR)
- Fresh Q&Q report certificates (Dip Test Result)-paid by the Buyer
7) Upon completion of verification of the report the buyer pays 40% of the value of the cargo for trial lift
8) Seller request Q88 and vessels agreement from the buyer along with the potential arrival date of the Buyer’s vessel at Batumi port.
9) After confirmation of the Q88 and vessels capacity, port agency releases the Laycan to the buyer along with the fixed arrival date of the buyer’s vessel at Batumi port.
10) Seller start loading the vessel.
11) After completion of the loading and Q&Q is done, on Board of the vessel, seller send final invoice to the buyer.
12) Buyer release the remaining 60% of the cargo value.
13) After confirmation by Seller’s bank of the receipt of the payment, Seller transfer Title of the product with all shipping documents to the buyer.
14) Buyer has the right to send his cargo inspector to witness and control the loading of the vessel.