Petroleum Products (Sellers) Published date: October 1, 2017
Modified date: October 2, 2017

FOB ROTTERDAM PORTS - CI DIP AND PAY

1. Buyer sends I.C.P.O along with Company Profile to Seller on receipt of Seller's Soft Offer.

2. Seller issue commercial invoice(C I). Buyer signs and returns commercial invoice with Tank Storage Agreement(TSA) to seller acknowledging buyer’s legally binding commitment to purchase under the terms and conditions herein.

3. Seller issues Dip Test Authorization letter to be signed by both parties (BUY ER /S E L LER ) including Buyer's Tank F arm for proof of the Buyer's readiness to inject into Buyer's Tank

4. Seller Approve the DT A attached with fresh S G S Report and Tank receipt to Buyer and Buyer order S G S to conduct Dip Test of the product in the Seller's Tank on Buyer expenses.

5. Upon successful Dip Test, Buyer provides vessel details or Tank details, Seller shall immediately submit the full P roof of Product (POP) to the Buyer, Injection of the product proceeds

6. Buyer make 100% payment by MT 103 T T wire transfer for the total product and Seller pays commission to all intermediaries involved in the transaction within 24 hours after confirmation of the buyer's payment then seller issues buyer the Tittle of Ownership.

7. Seller issues draft Contract to buyer to review for R &E monthly deliveries.

8. Buyer review and approves the contract and issues SBLC/IRDLC irrevocable, nontransferable, auto revolving for 12 months’ shipment value, documentary letter of credit for length of contract and for each lift-able as schedule. Buyer pays after Dip Test by MT 103 Wire Transfer on each monthly quantity.

9. The subsequent delivery shall commence according to the terms and conditions of the contract, and mandates/intermediaries receive their commissions according to monthly deliveries

Head: General Director Denis A. Abramov
Company name: Aden Oil Services

• Company Name: ADEN OIL LIMITED
• Country: Russia

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