Refinery Direct Fuel-Rottedam-D6-JP54

   PROCEDURES

 

(1). BUYER SUBMITS ICPO, ATV, COMPANY PROFILE, REGISTRATION CERTIFICATE (OR ACCEPTABLE SUBSTITUTE) AND TSA TO SELLER.

 

(2). SELLER RELEASES CONTRACT/SPA, AND COMMERCIAL INVOICE WITH FULL SELLER STORAGE LOGISTICS OF PRODUCT NOW AVAILABLE IN TANK, READY TO LIFT. 

 

(3). BUYER SIGNS THE CI AS WELL AS THE BUYER’S LOGISTICS SERVICE PROVIDER (UNLESS BUYER PROVIDES TSR INSTEAD) AS BUYER’S PROOF OF PERFORMANCE.

 

(4). SELLER RELEASES THE FOLLOWING:

      A. DTA (DIP TEST AUTHORIZATION),

      B. Q&Q ANALYTICAL REPORT,

      C. ATSI (AUTHORISATION TO SELL AND INJECT).

 

(5). BUYER ENGAGES SGS TO DIP TEST, VERIFY & REPORT ON SELLER PRODUCT AT BUYER EXPENSE, SELLER VERIFIES AND APPROVES SGS DIP TEST RESULT WITHIN SIX (6) HOURS OF RECEIPT. 

 

(6). BUYER EFFECTS DIP AND PAY OF PRODUCT TO ENABLE SELLER TO RELEASE TITLE OF OWNERSHIP CERTIFICATE AND ALL OTHER EXPORT DOCUMENTS. 

 

(7).  AFTER THE FIRST SUCCESSFUL PRODUCT DELIVERY, THE CONTRACT/SPA WILL ENGAGE TO HAVE THE BUYER / BUYER’S BANK ISSUE AS IRREVOCABLE, NON-TRANSFERABLE, REVOLVING FOR THE TERM OF THE CONTRACT/SPA PLUS R&E. DELIVERIES AND PAYMENTS CONTINUE ON A MONTHLY BASIS PER CONTRACT/SPA AND THE AGREED DELIVERY/LOGISTICS SCHEDULE FOB ROTTERDAM

 

(8). SELLER PAYS ALL FEES DUE BY AGREEMENT WITH PGSI TO PGSI PAYMASTER PER PGSI PAY ORDER AS A CONTRACTUAL CONDITION WITHIN ONE BANKING DAY OF PRODUCT PAYMENT VERIFICATION ON A GIVEN DELIVERY.

NO Changes To Procedure-Must Follow Exactly
NO Brokers
Limit Offer
Limited Supply