FOB DIP &
PAY PROCEDURES

1. Buyer issues ICPO containing the Seller's working Procedures with banking details and scanned copy of Buyer's passport
2. Seller issues Commercial Invoice of the product in tanks at the port; Buyer sign and return back Commercial Invoice to Seller.
3. Seller issues to Buyer PPOP listed below:

   a. GPS Coordinates-Tank Storage Receipt (TSR)

   b. Injection Report

   c. Unconditional Dip Test Authorization letter (UDTA)

   d. Authorization to Sell, and Collect (ATSC)

   e. Authorization to Verify physically (ATV)

   f. Fresh SGS Report in Seller's tank

4. Seller issues NCNDA/IMFPA for the following document to all intermediaries involved in the Transaction and to Buyer for signing.
5. Buyer inspects by SGS at Buyer's expense and sends TSR.
6. Upon successful DIP Test in tanks, the product will immediately be injected into Buyer's tanks Buyer makes Payment for the product via MT103 and Seller transfers Title Ownership to Buyer.
7. Seller distributes commissions within 72 hours after receipt of Buyer's payment.

For inquiries regarding FOB procedures, trading opportunities, or partnership discussions, please contact us