TRANSACTION PROCEDURES: TANK TO VESSEL OUTLINED (INCOTERMS) 2023/24 FOB ROTTERDAM. CONTRACTING TRANSACTION PROCEDUREM CHEVRON MUNAIGAS INC REFIERY (F.O.B) FREE ON BOARD
- .Buyer Issue Irrevocable Corporate Purchase Order (ICPO) Directly seller’s Mandate company or Refinery with (CPA) Charter party Agreement,buyer's company letterhead indicating company profile and Company registration Certificate along-side with banking information and buyer's international Passport, POF. Seller proceed along ATV for seller verification and approval of the CPA From the (Rotterdam Marine Port Authority).
- 卖方发出商业发票（CI)for available quantity in tanks Singapore port for Buyer to countersign and return to Seller signed CI along with Vessel Q88, showing the readiness to execute the transaction.
A.NCNDA/ IMFPA signedby all buyers and seller intermediary groups with commission structures. -
. Seller issuePOPdocuments to Buyer:
A. Product passport & analysis report quality &quantity
B.Authorization to Sell, and collect
C.Certificate of Origin
D.Notice of Readiness to program Injection of the Product.
E. DTA (UN CONDITIONAL)
F.Statement of product availability -
Buyer provide to Seller Transmission Clearance and Port clearance permit for the fuel transmission from seller tank to the buyerchartered vessel OR collection exit point via intra-port pipeline infrastructure and to enable buyer to receive the vessel docking coordinates OPL Jurong, Rotterdam Port for TTV (Tank TO Vessel fuel injection.
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Upon successful dip test in tank,uyers provide Vessel coordinates from their vessel company and seller / injection company send Tank to vessel injection agreement (TTVIA) to be signed by all parties. Seller immediately cordial sign acceptance of the pipe agreement from the pipeline injection company for booking and paying the cost of transmission injection clearance (value S O. 11 cubic meters) from the injection company to assign the injection date, process to commence as scheduled. Upon successful seller issues to buyer the Notice of Readiness (NOR) to inject the product into the Buyer’s Vessel.IMPORTANT INFORMATION: Chevron Munaigas Inc Refinery bears the cost fees of the fuel transmission injection clearance.。
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Seller and Buyer signs MOU contract agreement on product security guarantee into buyer's vessel/tanker and provide to buyer with the below listed pop upon injection is completed.
A.FRESH SGS Q & Q REPORT
B.INJECTION REPORT (INJECTION REPORT OF PRODUCT INTO BUYER VESSEL)
C.AUTHORIZATION TO SELL AND COLLECT (ATSC)
D.ATB AUTHORITY TO BOARD FOR BUYER TO RECONFIRM PRODUCT IN VESSEL (OPTIONAL)
E.ALLOCATION GUARANTY LETTER -
Buyer (alternatively) assigns the SGS inspection to go onboard to conduction dip test on vessel, and receipt of satisfactory report from SGS Company.
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Upon completion of the injection and SGS inspection report seller submits and release the Full Proof of Product with a satisfactory the buyer’s bank pays within 48 hours 100% of the total value of the product loaded into into the buyer’s vessel buyer transfer MT103/TT.
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Upon confirmation of the payment seller issues to the Buyer the “title of ownership” with all exporting documents.
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Seller pays commissions Seller side / Buyer side ($ 00 USD). to all Agents/intermediaries' commissions, as per Signed IMFPA/NCNDA.
