FOB TRADING PROCEDURE

FOB – TANK TO TANK

1  BUYER ISSUES ICPO TOGETHER WITH TANK STORAGE AGREEMENT (TSA) FOR SELLER APPROVAL AND PASSPORT COPY.

2  SELLER CONFIRMS ICPO, TSA AND BUYER PASSPORT.

3  SELLER ISSUES SGS, AUTHORIZATION TO SELL/COLLECT THE PRODUCT AND COMMERCIAL INVOICE IN BUYER NAME.

4  BUYER VERIFIES SGS AND SIGNS THE COMMERCIAL INVOICE.

5  UPON CONFIRMATION OF SIGNED CI SELLER COMMENCES WITH DELIVERY TO BUYER TANK STORAGE.

6  UPON DELIVERY TO BUYER TANKS SELLER RELEASES FULL PROOF OF PRODUCT IN BUYER NAME INCLUDING INJECTION REPORT, EXPORT LICENSE AND UDTA FOR INSPECTION IN BUYER TANKS.

7  BUYER CONFIRMS PRODUCT IN THEIR STORAGE VIA SGS/SAYBOLT OR EQUIVALENT AND MAKES PAYMENT FOR TOTAL PRODUCT INJECTED INTO BUYER TANKS.

8  SELLER SETTLES BUYER AND SELLER SIDE COMMISSION AS PER NCNDA-IMFPA (OPTIONAL) BUYER SETTLES BUYER SIDE AND SELLER SETTLES SELLER SIDE.

9  NEXT LIFT IS PROGRAMMED IF ANY AS PER BUYER REQUEST (OPTIONAL)

EN590 10PPM 200,000 MT to contract X 12 Months - PRICE OPEN FOR NEGOTIATION

JET A1  2,000,000 Barrels to contract X 12 Months - PRICE OPEN FOR NEGOTIATION

D6 200,000,000 Gallons to contract X 12 Months - PRICE OPEN FOR NEGOTIATION

Send your ICPO to edgeoftexashouston@gmail.com 

We will respond within 24Hours 

whatsapp +1 (236) 242-9443