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| 100K MT EN590 10PPM RUSSIA ORIGIN, IN HIGH SEA FOR TTO
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2023-01-11 |
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Confirmation our seller has
available of 100,000 MT EN590 (10ppm) at $520 per MT on the high sea ready to be taken over and reroute to buyer’s destination, we currently do not have 200,000 to 300,000 MT on the high sea.
Below is the TTO procedure.
Russian origin
TANKER TAKE OVER (TTO) PROCEDURE
1.Buyer issues official ICPO for 100,000 metric tons of EN590 in the sanitized MOU.
2. Seller issues original MOU.
3. Buyer countersign MOU and forward back.
4. Upon the receipt of countersign original MOU from the buyer, seller emails to buyer the
listed document issued in the name of the initial buyer as stated below:
a) Product Passport (Quantity & Quality Dip Test Analysis Report)
b) Certificate of Origin
c) Bill of Lading
d) Tanker Vessel Q88 Document
e) E.T.A. (Estimated Time of Arrival) Of Vessel
f) Vessel (N.O.R) Notice of Readiness
g) Ullage Report
h) Cargo Manifest
i) Invoice for title transfer
5. Upon the receipt of the documents, buyer verifies the availability of the product on high
sea and make payment within 48 hours for the title takeover which amount to the sum of
$650,000.00 (Six Hundred and Fifty Thousand United States Dollars).
6. Upon seller receipt of the title takeover payment, seller orders for re-rout to buyer’s desired
port, transfers the title to the potential buyer’s company’s name and also re-issue all other
outstanding documents to the potential buyer’s company’s and via swift from seller bank the
full prove of product.
7. Vessel arrives the discharge port and buyer carry’s 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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