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We sell... Workable World Standard TTO Procedure TTO PROCEDURE
1. Seller issues original MOU upon receipt of Buyer¡¯s Letter of Intent.
2. Buyer countersign MOU and forward back.
3. Upon the receipt of countersign original MOU from the buyer, seller send to buyer's secured email the listed document issued in the name of the initial buyer as stated below:
¨ª Product Passport (Quantity & Quality Dip Test Analysis Report)
¨ª Certificate of Origin
¨ª Bill of Lading Sanitized & Q88
¨ª Ullage Report
¨ª Cargo Manifest
¨ª invoice for title transfer $310,000 fee paid by MT103 / TT in exchange for a guarantee letter to buyer for transaction guarantee & insurance to change the title ownership documents under the name of the Exit buyer.
4. Upon the receipt of the availability of the product on high sea documents by buyer immediately Buyer¡¯s makes payment amount to be $310,000 (MT103 TT WIRE TRANSFER) for product security guarantee title ownership transfer payment of the product on board to enable vessel re-rout to buyer¡¯s port, this payment will be deducted from the first month shipment value.
5. Upon seller receipt of the title takeover payment, seller transfers title to the potential buyer's company's name and re-issue all other outstanding documents to the potential buyer's company's and Re-Rout vessel to Fujairah port, buyer carry out the CIQ/SGS inspection and upon a successful inspection, buyer pays by MT103 T/T for the full product to the seller.
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