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EN590 Diesel FOB Transaction Procedure

Price: USD 480 / 460
Commission: USD 10 / 10
Delivery: Refinery FOB, DIP & PAY procedure

Transaction Procedure

Buyer issues ICPO with full banking details, company profile, passport copy, company registration documents, and buyer TSA

Seller issues Commercial Invoice (CI), Authorization to Sell & Collect (ATSC) in buyer’s name, and NDA between buyer and refinery

Buyer signs and returns the CI to the refinery

Seller issues Dip Test Authorization (DTA) for buyer’s endorsement
(Note: Buyer endorses DTA and bears seller tank farm dip test cost, capped at USD 30,000)

Buyer conducts dip test in seller’s tanks and submits TSR

Seller issues injection schedule and NCNDA / IMFPA to be completed by all intermediaries

Buyer makes full payment via MT103

Seller injects product into buyer’s tanks and transfers full POP in buyer’s name

Seller and buyer sign a contract based on the same procedure

Contact
WhatsApp: +1 470 316 0100