FOB (SPOT / TANK TO VESSEL) NON NEGOTIABLE PROCEDURES

1. Buyer issues ICPO and Company Registration Certificate and/or copy of passport or any other ID
along with Proof of Fund (PoF) or Bank Comfort Letter (BCL) verifiable with Authority to Verify
(ATV).
2. Seller issues Draft Commercial Invoice, along with ICC Warning Letter. Buyer signs, seal and
return to Seller with his Charter Party Agreement (CPA) as Proof of Vessel availability, and
request letter for 1 (one) day tank storage extension to conduct dip test at Seller’s tank.
3. Seller issues invoice for 1 (one) day storage tank extension. Buyer pays and submits to Seller the
Proof of Payment for Seller’s bank confirmation.

NOTE:
 1 (one) day extension is refundable and will be deducted from the FINAL INVOICE to the
Buyer.
 Seller does NOT pay for any storage days.

4. Seller provides Buyer with FULL POP Documents:

A. Fresh SGS Report less than 48 hours in Buyer’s name
B. Unconditional Dip Test Authorization (UDTA)
C. Injection Report.
D. Tank Storage Receipt (TSR) with GPS Coordinates.
E. Tank Farm Bar-code Information
F. Letter of Commitment to Supply
G. Registration Certificate & Export License Copy
H. Authority to Sell & Collect (ATSC)
I. Endorsed Injection Schedule by the Buyer & Buyer Tank Farm
J. ATV – for physical verification
K. Irrevocable Commitment to Supply for spot and 12 months Contract
L. Injection schedule signed by Buyer & Buyer’s tank farm.
5. Buyer conduct Dip Test in Seller’s tank, via Third Party surveyor at Buyer’s cost
6. Buyer submits Q88 of their vessel for product to be injected.
7. Buyer makes payment based on Q&Q by MT103 wire transfer / TT according to the final
Commercial Invoice along with transfer ticket.
8. Seller transfer the title of ownership as per Buyer’s instruction
9. Seller pays all intermediaries involved in the transaction based on the signed NCNDA and IMFPA
10. If possible monthly contract shipment continues as per terms and conditions of the Sales and
Purchase (SPA) agreement contract between Buyer and Seller.
 FOB (DIP & PAY – TANK TO TANK) NON NEGOTIABLE PROCEDURES
No Tank Extension Payment Required

1. Buyer issues ICPO and TSA with TSR, Proof of Fund (PoF), Bank Comfort Letter (BCL) verifiable
with Authority to Verify (ATV) after receive of SCO.
2. Seller issues Commercial Invoice (CI) along with ICC Warning Letter.
3. Buyer signs seal and returns the CI and ICC Warning Letter.
4. Seller issues to the Buyer below documents:
a. Dip Test Authorization (DTA) for Buyer and Buyer’s logistics endorsement
b. Product Analysis report
5. Seller’s bank approve signed DTA along with fresh SGS report and Allocation Certificate to Buyer
to conduct dip test in Seller’s tank
6. Seller issue tittle of the product in Buyer’s name and Buyer pays for total cost of product.
7. Seller pays commission fee for Buyer side and Seller side as per signed NCNDA and IMFPA.