Trade Lead Description:
FOB STANDARD PROCEDURE
1. Buyer issue ICPO to seller. 2. Seller issues Draft Contract and Commercial Invoice for buyer to countersign upon acceptance of the terms and
conditions. 3. Seller sends to buyer, Commitment to Supply, Product Availability in Storage Reservoir, Product Passport and
Company Registration Certificate. 4. Buyer and Seller endorse the tank storage agreement (TSA) with the hired tank facilitator of the respective port tank
farm. Buyer provides TSR from the tank farm to enable seller Pump/Inject the product into the tank. 5. Seller issue Dip-Test Authorization to buyer. 6. Upon successful dip test, buyer makes payment by MT103 T/T wire transfer for the total product available. 7. Seller pays commission to intermediaries involved in the transaction.
Type of Offer: |
Offer to Sell |
Quantity: |
1000,000bbls |
Packaging: |
in drums |
Price / Incoterms Conditions: |
US$34 gross/Net US$32 FOB/ASWP |
Posted from Russia - Moskva on 28 July, 2016
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