Petroleum Products (Sellers) Published date: October 5, 2019
Modified date: October 5, 2019

We have Crude, Diesel D6 and D2, LPG, Mazut, JET A1.

Our procedures are below. If you can work with them, we can deliver. We deal with the leaders in the industry. Email: maherbangkok@gmail.com WhatsApp +66628308800


Documentary Process
1. Buyer sends LOI to Seller and signs the Seller’s procedure.
2. Seller sends FCO to Buyer and Buyer reverts the following documents properly filled out to Seller:
3. Seller drafts Sales & Purchase Agreement (SPA) and sends it to the Buyer. Buyer executes the final contract. Buyer sends the final contract electronically to Seller’s company email address.
4. Seller countersigns the SPA and sends it to the Buyer as final version to be lodged into both banks.


Guarantee
5. After successful completion of point 4 and confirmation of the contract Buyer’s bank sends MT199 or MT799/Pre-Advice to Seller‘s bank and Buyer sends copy of the transmitted SWIFT immediately to Seller’s company email address. After Seller has received the copy of the SWIFT and forwarded to his bank, Seller’s bank opens communication with Seller’s bank as soon as practicable. On basis of the lodged SPA Seller’s bank will confirm to Buyer’s bank all obligations outlined in the SPA by MT199 or MT799 with full bank responsibility.
6. Buyer’s bank sends Irrevocable, Unconditional, Confirmed, Open and Unrestricted, Non-transferable SWIFT MT760/SBLC to Seller’s bank within 3 (three) banking days.
7. Seller’s bank receives and within shortest practicable time confirms the instrument from Buyer’s bank by SWIFT message according to the standard bank protocol.


Delivery Loop
8. Within 2-4 weeks after the confirmation of Buyer’s instrument Seller issues Commercial Invoice (CI), Tank Storage Receipt (TSR), fresh SGS Inspection Report, and unconditional Dip Test Allowance (DTA) to the Buyer at loading port.
9. Buyer (or his Exit-Buyer) makes Dip Test in Seller’s tank or accepts Seller’s fresh SGS Inspection Report at the Loading/Delivery Port and Seller fills the product into Buyer’s tanks or loads Buyer’s vessel.
10. After loading into Buyer's vessel/tanks, Buyer pays to Seller's nominated Bank according to the CI within 3 (three) consecutive banking days, after Buyer's satisfactory Dip Test of the Product or satisfactory verification of the Seller's SGS Inspection Report.
11. Seller’s bank gives Title to Buyer after payment is completed.
12. Transaction closed.

• Company Name: Tinea Global Co., Ltd.
• Country: Thailand

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