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FOB PROCEDURE TANK TO VESSEL
1 The Buyer sends ICPO on receipt and acceptance of the Seller's SCO Offer
2.The Seller Issues Commercial Invoice (Cl) for the Buyer's endorsement
3 The Buyer signs and returns the Cl to Seller with TSA
4 The Seller verifies Buyer's Tank Farm and issues the readiness to inject and UDTA
with ATV, ATSC to Buyer.
5 The Buyer contacts his Tank Administrator to execute the Quality & Quantity, and to
register in the Tank Farm Terminal prior to the Inspection.
6 Upon the Successful Dip Test Inspection in the buyer's Tank, the Buyer Submits NOR
from his Shipping Company and Seller Injects the product into the Buyer Vessel.
7 The Seller releases the Complete POP Documents to the Buyer, including the following
documents:
• Resource Confirmation Letter (issued by the End-Refinery).
8 The Buyer issues 100% payment for the total product by MT103/TT Wire Transfer to
the Seller.
9 The Seller transfers the product title with the complete POP Documents to the Buyer
and pays the Commission to his Seller Side Intermediaries as per Master Fee Agreement
and Buyer pays also
directly his Buyer’s Side intermediaries
10 The Seller issues annual (12 months) delivery contract for review and accept
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