Sellers Published date: June 26, 2021

ROTTERDAM/HOUSTON STANDARD FOB
PROCEDURE WITH TSA.
1. BUYER ISSUES ICPO ADDRESSED TO SELLER/REFINERY MANDATE ALONG WITH
TSA.
2. SELLER ISSUES COMMERCIAL INVOICE, BUYER SIGNS AND RETURNS BACK TO
SELLER WITHIN THE VALIDITY PERIOD STIPULATED ON THE COMMERCIAL
INVOICE.
3. SELLER VERIFIES BUYER TANK FARM AND IF APPROVED, SELLER PROCEED TO
REQUEST FOR INVOICE OF 5 DAYS PAYMENT REMITTANCE, SELLER LEASES THE
BUYER TANK FARM FOR 5 DAYS ONLY. SELLER ALSO ISSUES INJECTION
SCHEDULE UPON BUYER TANK FARM RECEIVING PAYMENT AND ISSUANCE OF
THE TSR AND SELLER PROCEED TO INJECT THE PRODUCT INTO THE LEASED
TANK STORAGE.
4. UPON SUCCESSFUL INJECTION, SELLER RELEASES THE FOLLOWING PPOP
DOCUMENTS TO BUYER;
A. PRODUCT CERTIFICATE OF ORIGIN.
B. AUTHORIZATION TO SALE AND COLLECT (ATSC)
C. PRODUCT PASSPORT.
D.DIP TEST AUTHORIZATION,
E. INJECTION REPORT AND NCNDA/IMFPA WILL BE SIGNED BY ALL
INTERMEDIARIES INVOLVED IN THE TRANSACTION.
5. UPON BUYER RECEIPT OF THE PPOP, BUYER INSPECTS PRODUCT WITH SGS
AGENT OR EQUIVALENT.
6. AFTER BUYER'S SUCCESSFUL DIP TEST ON THE PRODUCT, BUYER MAKES THE
PAYMENT FOR THE TOTAL VALUE OF THE PRODUCT VIA MT103- TT.
7. UPON SELLER RECEIVING THE PAYMENT FOR THE PRODUCT FROM THE
BUYER, SELLER ISSUES TO BUYER THE TITLE OWNERSHIP OF THE PRODUCT AND
ALL EXPORTATION DOCUMENTS OF THE PRODUCT.
8. BUYER LIFTS THE PRODUCT WITH ITS VESSEL TANKER. SELLER PAYS ALL
INTERMEDIARIES INVOLVED IN THE TRANSACTION AND SEND SPA TO BUYER FOR
ONE YEAR SUBSEQUENTLY MONTHLY SHIPMENTS CONTINUE AS PER TERMS AND
CONDITIONS OF THE CONTRACT.

Pls contact me ASAP. mbatubo@gmail.com
AVIATION KEROSENE COLONIAL GRADE 54 /JET FUEL A1
Quantity: Minimum: 2,000, 000 BBLS. Maximum: 4,000,000 BBLS
FOB Price: $ 35 GROSS / $ 33NET
CIF Price: $ 37GROSS / $ 35NET VIRGIN FUEL OIL D6
Quantity: Minimum: 100,000,000 GALLS PER WEEK. Maximum: 200, 000,000 GALS
FOB Price: $0.59 GROSS / $0.57NET
CIF Price: $0.61GROSS / $0.59NET
D2 GAS OIL GOST 305-82
Quantity: Minimum: 50,000 MT. Maximum: 500,000 MT
FOB Price: $ 200 GROSS / $190 NET
CIF Price: $ 210GROSS / $200

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• Publisher: Batubo
• Company Name: BOG Logistics and Global Resources
• Country: Nigeria

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