EN590 10 ppm, Jet A1
FOB PROCEDURE FOR TANK TO TANK
1. Buyer issues ICPO & Tank storage agreement TSA With Company’ Profile and End Buyer
Passport Copy , Company’s registration Copy, plus POF (BCL, RWA) through Bank To Bank
due diligence.
2. Seller issue commercial invoice (C.I). to the buyer, buyer sign and return commercial invoice
3. Seller lodge the finalized Commercial Invoice with the bank and seller proceeds to verify and
pay two (2) days buyer tank storage as a commitment to supply and upon confirmation of seller
payment by buyer tank operator buyer immediately pay additional 3 days to obtain the total of 5
days tank storage receipt needed for the transaction issued in buyer name.
4. Seller inject the product into buyer tanks and provide buyer with the below POP documents
a. 48 hours fresh SGS report (Analysis report Q&Q of the product)
b. Injection Report c. DTA (Dip Test Authorization)
c. Certificate of Origin
e. Statement of Availability of Product
d. ATSC (Authorization to Sell and Collect)
f. ATV (Authorization to Verify)
5. NCNDA/IMFPA will be signed by all intermediaries involved with seller bank endorsement
6. After confirmation of the above POP documents and product in tanks, buyer make payment
for total cost of product value via MT103 and seller transfer to buyer the product title and one
(1)year contract.
7. Seller pays all intermediaries involved in the transaction according to the signed NCNDA/ IMFPA
FOB PROCEDURE FOR TANK TO VESSEL
1. Buyer issues ICPO on buyer company letterhead containing the seller's working procedure
with banking-details, scanned copy of buyer’s passport data page and certificate of
incorporation, along with Charter Party Agreement (CPA) for seller’s validation., plus POF
(BCL, RWA) through Bank To Bank due diligence.
2. Seller issues a commercial invoice of the product in tanks at the port, and Buyer signs and
returns a Commercial Invoice to Seller.
3. Upon return of the endorsed CI, Seller releases to Buyer the following Partial Proof of Product
(PPOP) documents;
a) Authorization to verify (ATV)
b) Commitment Letter to Supply
c) Certificate of Origin
d) Statement of Product Availability
e) Authorization to sell/collect
f) Tank storage receipt (TSR)
g) Injection report.
4. Buyer leases Seller’s tank for 3 days and pays tank extension payment to enable tank
clearance and for Buyer to gain a port legal access permit to execute a dip test for quantity and
quality inspection and fresh inspection/report by SGS in Seller's Tank.
Note: The amount paid for 3 days tank extension to secure tank clearance and port legal access
permit will be deducted when Buyer is paying for the full product.
5. Upon confirmation of the buyer securing tank clearance and port legal access permit to the
product, Seller issues DTA for Buyer to proceed with the dip test and Buyer and his SGS
Inspection team conduct a dip test on the product in the seller tank.
6. Upon the satisfactory result of the dip test, the Seller’s storage Company issues Buyer the
Notice of Readiness (NOR) to inject the product.
7. Buyer provides Q88 and ATI from his logistics/Shipping Company and makes the Vessel
available for the injection process to commence as scheduled.
Note: Injection fees will be paid if Buyer does not have their injection personnel.
8. Upon completion of the Injection, Seller releases to the buyer the below POP documents.
a) Product SGS Report.
b) Pipeline Injection Report.
c) Authority to Sell and Collect (ATSC)
d) Product passport (analysis test report).
e) NCNDA/IMFPA to all intermediaries involved in the Transaction and to the buyer.
Endorsed NCNDA/IMFPA.
9. Upon confirmation of the above POP documents by Buyer and the Endorsement of
NCNDA/IMFPA Buyer immediately pays for the total cost of the product value injected into the
Ship/vessel through MT103 TT wire transfer. Seller pays all intermediaries involved in the
transaction upon receipt of the payment within 24 hours and transfers the Title of Ownership
certificate of the product to the entity nominated by Buyer.
10.Second and succeeding shipments continue.
P.S. Please note, this is very important. The BUYER must read the procedure carefully and not change a single
word. If the buyer accepts the seller's procedure, we will 100% deliver the goods. The buyer must follow our
procedure because we follow the refineries procedure which cannot be changed.
BCL Standard is a bank showing that the buyer has the money to pay after an SGS test. The buyer must have his
own money in a bank account, which must be confirmed by a BCL statement from the buyer's bank. Not another
bank or other accounts.
Bank Name:
INDUSTRIAL AND COMMERCIAL
BANK OF CHINA
Swift Code: ICBKCNBJGDG
