Description
FOB TRANSACTION PROCEDURE ROTTERDAM PORT
1. Buyer Submits ICPO and Tank Storage Agreement {TSA}
2. Seller Releases Commercial Invoice with Storage Logistics of the
product available in tank.
3. Buyer signs the CI as well as the Buyer's Logistics service
provider as buyer's Proof of performance and storage
availability.
4. Seller Releases the following,
a1) ATV: Buyer fills the ATV Seller proceeds in releasing via BANK
TO BANK a) DTA
b) Q&Q Analytical Report
c) Authorization To Sell and inject
d) Commitment and Guarantee Assurance Letter to supply.
5. Buyer Effects DIP and PAY to enable seller release TITTLE OF
OWNERSHIP CERTIFICATE and all other export documents.
6. Seller pays Commissions and possible Rolls and Extension. 7.
Buyer and Seller proceed to SPA for monthly contract
