{"id":875,"date":"2024-07-26T15:30:00","date_gmt":"2024-07-26T07:30:00","guid":{"rendered":"https:\/\/globalunionoil.com\/?p=875"},"modified":"2024-07-29T23:17:17","modified_gmt":"2024-07-29T15:17:17","slug":"contracting-transaction-procedurem-chevron-munaigas-inc-refiery-f-o-b-free-on-board-tank-to-vessel","status":"publish","type":"post","link":"https:\/\/globalunionoil.com\/en\/2024\/07\/26\/contracting-transaction-procedurem-chevron-munaigas-inc-refiery-f-o-b-free-on-board-tank-to-vessel\/","title":{"rendered":"CONTRACTING TRANSACTION PROCEDUREM CHEVRON MUNAIGAS INC REFIERY (F.O.B) FREE ON-BOARD TANK TO VESSEL"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"875\" class=\"elementor elementor-875\">\n\t\t\t\t<div class=\"elementor-element elementor-element-149c96e e-flex e-con-boxed e-con e-parent\" data-id=\"149c96e\" 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-23b5d9e elementor-widget elementor-widget-penci-fancy_heading\" data-id=\"23b5d9e\" 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\">CONTRACTING TRANSACTION PROCEDUREM CHEVRON MUNAIGAS INC REFIERY (F.O.B) FREE ON-BOARD TANK TO VESSEL\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-b3e1b6a e-flex e-con-boxed e-con e-parent\" data-id=\"b3e1b6a\" 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-81e96f3 elementor-widget elementor-widget-text-editor\" data-id=\"81e96f3\" 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><li><p>Buyer Issue Irrevocable Corporate Purchase Order (ICPO) Directly seller\u2019s Mandate company or Refinery with (CPA) Charter party\nAgreement, buyer's company letterhead indicating company profile and Company registration Certificate along-side with banking\ninformation and buyer's international Passport, Seller proceed along ATV for seller verification and approval of the CPA From the\n(Rotterdam port Marine Port Authority) Upon Marine port Authority verification and approval. seller alert buyer.<\/p><\/li><li><p class=\" translation-block\">Seller issue Commercial Invoice (CI) for available quantity in tanks Rotterdam port for Buyer to countersign and return to Seller\nsigned CI along with Vessel Q88, showing the readiness to execute the transaction.<\/p><p class=\" translation-block\">A.NCNDA\/ IMFPA signed by all buyers and seller intermediary groups with commission structures.<\/p><\/li><li><p class=\" translation-block\">Seller issue POP documents to Buyer:<\/p><ol><li>Product passport &amp; analysis report quality &amp;quantity<\/li><li>Authorization to Sell, and collect<\/li><li>Certificate of Origin<\/li><li>Notice of Readiness to program Injection of the Product<\/li><li>DTA (UN CONDITIONAL).<\/li><li>Statement of product availability<\/li><\/ol><\/li><li><p class=\" translation-block\">Buyer provide to Seller Transmission Clearance and Port clearance permit for the fuel transmission from seller tank to the buyerchartered\nvessel OR collection exit point via intra-port pipeline infrastructure and to enable buyer to receive the vessel docking\ncoordinates OPL Jurong, Rotterdam Port for TTV (Tank TO Vessel fuel injection.<\/p><\/li><li><p><strong>Upon successful dip test in tank,<\/strong>buyers provide Vessel coordinates from their vessel company and seller \/ injection company send\nTank to vessel injection agreement (TTVIA) to be signed by all parties. Seller immediately cordial sign acceptance of the pipe agreement\nfrom the pipeline injection company for booking and paying the cost of transmission injection clearance (value S O. 11 cubic meters) from\nthe injection company to assign the injection date, process to commence as scheduled. Upon successful seller issues to buyer the Notice\nof Readiness (NOR) to inject the product into the Buyer\u2019s Vessel.<span style=\"text-decoration: underline;\">\u3002<strong>IMPORTANT INFORMATION: Chevron Munaigas Inc Refinery bears the\ncost fees of the fuel transmission injection clearance.<\/strong>\u3002<\/span><\/p><\/li><li><p>Seller and Buyer signs MOU contract agreement on product security guarantee into buyer's vessel\/tanker and provide to buyer with\nthe below listed pop upon injection is completed.<\/p><ol><li>FRESH SGS Q &amp; Q REPORT<\/li><li>INJECTION REPORT (INJECTION REPORT OF PRODUCT INTO BUYER VESSEL).<\/li><li>AUTHORIZATION TO SELL AND COLLECT (ATSC)<\/li><li>ATB AUTHORITY TO BOARD FOR BUYER TO RECONFIRM PRODUCT IN VESSEL (OPTIONAL)<\/li><li>ALLOCATION GUARANTY LETTER<\/li><\/ol><\/li><li><p class=\" translation-block\">Buyer (alternatively) assigns the SGS inspection to go onboard to conduction dip test on vessel, and receipt of satisfactory report\nfrom SGS Company.<\/p><\/li><li><p class=\" translation-block\">Upon completion of the injection and SGS inspection report seller submits and release the Full Proof of Product with a satisfactory the\nbuyer\u2019s bank pays within 48 hours 100% of the total value of the product loaded into into the buyer\u2019s vessel buyer transfer MT103\/TT.<\/p><\/li><li><p class=\" translation-block\">Upon confirmation of the payment seller issues to the Buyer the \u201ctitle of ownership\u201d with all exporting documents.<\/p><\/li><li><p class=\" translation-block\">Seller pays commissions Seller side \/ Buyer side ($ 00 USD). to all Agents\/intermediaries' commissions, as per Signed\nIMFPA\/NCNDA.<\/p><\/li><\/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>CONTRACTING TRANSACTION PROCED&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-875","post","type-post","status-publish","format-standard","hentry","category-transaction-process"],"_links":{"self":[{"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/posts\/875","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=875"}],"version-history":[{"count":10,"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/posts\/875\/revisions"}],"predecessor-version":[{"id":885,"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/posts\/875\/revisions\/885"}],"wp:attachment":[{"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/media?parent=875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/categories?post=875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalunionoil.com\/en\/wp-json\/wp\/v2\/tags?post=875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}