Diesel EN590, Spot and Terms supply

Commercial Terms

1. Buyer Issues an official ICPO with Full Buyer Banking Details & Company Registration Certificate. 2. Seller issues a Commercial Invoice for First Lift Quantities at Seller Vessel for Both Party’s Signature and Endorsement. 3. Buyer Provides Charter Party Agreement (CPA) for spot STS transaction. 4. Seller Verifies Buyers CPA and Issues the Below-Listed Documents. ⚫ Freight Cargo Manifest ⚫ Commitment to Supply ⚫ Product Passport ⚫ Authorization to Sell (ATSC) ⚫ Bill of Lading (B/L) ⚫ Dip Test Authorization (DTA) ⚫ NOR to be signed by Buyer Tanker/ Vessel Company. 5. Within 48 hours” Buyer Contact Seller Vessel Company to obtain Authority to board (ATB) and buyer vessel issues vessel details for injection and discharging programming. 6. On Arrival at STS spot; buyer team board seller vessel and dip test of products is conducted at seller expense before commence transfer of products. 7. After injection is completed. Buyer conducts dip test inspection for Quantity and Quality of the products at buyer expense. 8. Upon successfully complete injection, Buyer within 24 hours Maximum Payment via MT103 wire Transfer for the Total Value of the products injected into buyer vessel and all exportation documentation in Relation to the petroleum products is transferred to buyer. 9. Within 72 hours commission is paid to intermediaries involve in the Transaction.