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Man Long
Posted 4 months ago

JWHK TTT en590 10ppm $550/540
DIP PROCEDURE & PAY FOB ROTTERDAM, HOUSTON , JURONG, FUJAIRAH

1 The Buyer Issue an ICPO, containing the seller’s work procedures and Buyers Banking details, along with TSA
(TANK STORAGE AGREEMENT), Buyer Certificate of Incorporation, Company Profile (CP) and International
Passport Copy.
2. Seller issues ICC Warning Letter and Commercial Invoice of products in tank at port. Buyer signs and returns
commercial invoice with acceptance letter stating to adhere to Seller procedure.
3. The Seller visit Buyer Tank Farm Office with a copy of the SGS Report and shows SGS report strictly to the Buyer's
Tank Farm Company only to verify the SGS Report Quality and Quantity with SGS office.
4. After confirmation of successful verification of SGS Report only by Buyer's Tank Farm Company, the Seller pays
Buyer's Tank for the first 3 days and the Buyer pays his Tank Company for 3 Days after his Tank Company receives
payment from the Seller Company.
5. Buyer Tank Farm provides 6 days TSR.
6. Seller sends injection schedule and Buyer returns signed and sealed Injection Schedule.
7. Seller commences injection of the product to Buyer Tank and completes the injection.
8. The Seller issues the following POP documents to the Buyer; the Buyer performs a Dip Test on the product if
needed and makes payment for the total value of the product injected into the tank via MT103 / TT:
(a) SGS report for quality and quantity at shore tank not older than 48 hours
(b) Tank storage receipt with full GPS coordinates
(c) Product Certificate of Origin
(d) Product injection report at shore tank
(e) Unconditional dip test authorization letter
(f) NCNDA-IMFPA agreement
(g) Q&A
(h) Authorization to sell and collect
9. Seller sends payment to all intermediaries involved in the transaction 24 hours after receiving confirmation of Buyer
Payment as per signed & sealed NCNDA/IMFPA which is notarized by Public Notary in Kazakhstan and Authorized by
Seller's Bank and then monthly remittance is continued as per terms and terms of the contract of sale and purchase
agreement between the buyer and seller.

If buyer wants to order 200,000MT, Total 6 days is needed (seller pays 3 days, buyer pays 3 days)

Seller will take care of the pipeline access code (cost about $350,000 per 100,000MT) that pay to tank farm during TTT， (normally tank farm need buyer to pays, but seller will pay for buyer)

Man Long Industrial Limited
Jacky chan
+852 63989721


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#ttt
#ttv
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