SPOT DEAL EN590 FOB ROTTERDAM

Deal : SPOT DEAL

Product : EN590

Commodity : FOB ROTTERDAM

Procedure : DIP & PAY

Quantity : 100.000MT

Availability : NOW

Price : USD$670/MT

NON-NEGOTIABLE F.O.B SALES PROCEDURE ROTTERDAM.

1 Buyer issues an official ICPO, company registration license, buyer’s passport data page and letter of acceptance to seller’s transaction procedure.

2 Seller issues commercial invoice (CI) for the available quantity of product in seller’s leased tank to buyer.

3 Buyer signs and returns the Commercial Invoice, seller issues the PPOP docs; a) Copy of Commitment Letter to Supply b) Copy of Export License c) Copy of Tank Storage Receipt TSR. d) Copy of Authorization to Verify ATV e) DTA

4.Buyer conducts dip test. Upon satisfactory Q&Q result of the dip test, buyer makes the payment full of product within 2x24 hours. While waiting for the Q&Q result, Buyer issues Q88, NOR and make available the Vessel for the Tank-to-Vessel Injection Agreement (TTVIA) to be endorsed by both Seller and Buyer’s Logistic Company.

5. Upon completion of the Injection, Seller transfers the title owner of product to buyer Notes: for TTT transaction, Buyer must have TSR which will be verified by our partner Refinery