{"id":848,"date":"2024-07-24T21:44:42","date_gmt":"2024-07-24T13:44:42","guid":{"rendered":"https:\/\/globalunionoil.com\/?p=848"},"modified":"2024-07-29T23:17:03","modified_gmt":"2024-07-29T15:17:03","slug":"fob-ttv-ttt-rotterdam-port-netherdlands-tank-to-vessel-ttv-tank-to-tank-ttt-procedure-and-terms","status":"publish","type":"post","link":"https:\/\/globalunionoil.com\/en\/2024\/07\/24\/fob-ttv-ttt-rotterdam-port-netherdlands-tank-to-vessel-ttv-tank-to-tank-ttt-procedure-and-terms\/","title":{"rendered":"CHEVRON MUNAIGAS INC REFINERY TRANSACTION DELIVERY PROCEDURE OUTLINED (INCOTERMS) 2023\/24 FOB TANK TO TANK CI DIP AND PAY ROTTERDAM."},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"848\" class=\"elementor elementor-848\">\n\t\t\t\t<div class=\"elementor-element elementor-element-850393c e-flex e-con-boxed e-con e-parent\" data-id=\"850393c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ef2ff59 elementor-widget elementor-widget-penci-fancy_heading\" data-id=\"ef2ff59\" data-element_type=\"widget\" data-widget_type=\"penci-fancy_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"penci-fancy-heading penci-heading-text-center\">\n\t\t\t<div class=\"penci-fancy-heading-inner\">\n\t\t\t\t<h2 class=\"penci-heading-title\"><span class=\"inner-tit\">CHEVRON MUNAIGAS INC REFINERY TRANSACTION DELIVERY PROCEDURE OUTLINED (INCOTERMS) 2023\/24 FOB TANK TO TANK CI DIP AND PAY\nROTTERDAM.\n<\/span><\/h2>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-eeea5b6 e-flex e-con-boxed e-con e-parent\" data-id=\"eeea5b6\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-23263e5 elementor-widget elementor-widget-text-editor\" data-id=\"23263e5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 25-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<ol>\n<li>\n<p class=\" translation-block\">1.\tBuyer Issue Irrevocable Corporate Purchase Order (ICPO) Directly seller\u2019s Mandate company or CHEVRON MUNAIGAS INC Refinery with buyer\u2019s company letterhead indicating company profile and Company registration Certificate along-side with banking information,buyer's international passport, Tank Storage Agreement (T.S.A.) Seller issues to buyer\/ buyer's TSA Tank Storage (UATV) unconditional Authorization to verification letter by electronic email to enable, Seller's diligence operation team visit buyer's Tank storage for physical verification to comfirm the cubic centimeter of the buyer' Tank storage to receive fuel in Rotterdam port, showing the readiness and valid tank to execute the transaction. upon verification and satisfactory, seller approves buyer's Tank Storage<\/p>\n<\/li>\n<li>\n<p class=\" translation-block\">Seller issue Commercial Invoice (CI) for available quantity in tanks storage Rotterdam for Buyer to countersign and return to Seller, signed CI along with Acceptance letter and Valid TSR showing the readiness\u2019to execute transaction.<\/p>\n<\/li>\n<li class=\" translation-block\">Upon confirmation of signed CI and TSR by buyer, seller issue DTA to buyer, for buyer to signed and Seller endorse for dip test to be carried out immediately.<\/li>\n<li>\n<p class=\" translation-block\">Upon confirmation of endorsement of DTA, Buyer provide to Seller their Storage Transmission Clearance and Port clearance permit for the fuel transmission from seller tank storage to buyer's tank storage to enable seller receive the buyer's storage docking coordinates OR collection exit point via intra-port pipeline infrastructure.<\/p>\n<\/li>\n<li><strong>Seller issues the following Proof of Product(<\/strong><strong>POP<\/strong><strong><strong>) documents for the available quantity to Buyer.<\/strong><\/strong>\n<p>A.\tProduct Availability Letter<\/p>\n<p>B.\tCommitment to Supply Letter<\/p>\n<p>C.\tCertificate of Origin<\/p>\n<p>D.\tProduct Passport<\/p>\n<p>E.\tDTA (Unconditional with all information provided),<\/p>\n<p>F.\tInjections Report<\/p>\n<p>G.\tTank Storage Receipt (TSR) with GPS<\/p>\n<p>H.\tQuality Control Certificate of the Product)<\/p>\n<p>I.\tTitle Ownership Certificate<\/p>\n<p>J.\tSGS Report<\/p>\n<p>K.ATSC<\/p>\n<p>L.\tATV<\/p>\n<\/li>\n<li>\n<p>Upon receipt and confirmation of the above POP Documents, Buyer provides its testing officials (SGS INSPECTION TEAM ) to conduct Dip Test to be carried out in seller\u2019s tanks.<\/p>\n<\/li>\n<li>\n<p>Upon successful Dip Test in tank, buyer provides ATI from there storage company and seller \/ Injection company send Tank to Tank injection agreement (TTIA) to be signed by all parties. seller immidiatetly cordial sign acceptance of the PIPELINE Agreement from the PIPPLINE injection company for booking and paying the cost of transmission injection clearance (value $ 0.11 cubic meters) from the injection company to assign the injection date, process to commence as scheduled. upon successful seller issues to the buyer the Notice of Readiness (NOR) to inject the product into buyer's tank storage (Seller Bears the cost of transmission injection clearance).<\/p>\n<\/li>\n<li>Upon completion of the injection Seller submits the full injection report to the Buyer and release of the Full Proof of Product POP Full POP with a satisfactory the buyer\u2019s bank pays within 48 hours 100% of the total value of the product unloaded into the buyer\u2019s by wire transfer MT103\/TT.<\/li>\n<li>\n<p>Upon confirmation of the payment, the seller issues to the buyer the \u2018title of ownership\u2019 with all exporting documents and pays all Agent\u2019s\/ intermediaries\u2019 commissions, as per IMFPA\/NCNDA.<\/p>\n<\/li>\n<\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>CHEVRON MUNAIGAS INC REFINERY &hellip;<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-848","post","type-post","status-publish","format-standard","hentry","category-transaction-process"],"_links":{"self":[{"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/posts\/848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/comments?post=848"}],"version-history":[{"count":17,"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/posts\/848\/revisions"}],"predecessor-version":[{"id":874,"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/posts\/848\/revisions\/874"}],"wp:attachment":[{"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/media?parent=848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/categories?post=848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/tags?post=848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}