1 – To begin introductions, please Introduce Yourself with an LOI on your business letterhead along with your CP. Please ensure the LOI includes product, volume, FOB delivery location needs along with full contact info and website. Upon review & approval, FCO is provided within 8-24 Hours (M-F).
4. Seller issue Below Proof of Products to Buyer:
a) Tank Storage Receipt (TSR),
b) Authorization To Verify (ATV)
c) Injection Report
d) Dip Test Authorization (DTA) letter containing the storage tank location and its GPS coordinates and buyer countersign the DTA with Seller & Seller leased tank farm.
5. Upon Buyer’s satisfactory verification of Seller’s tanks as authorized by the DTA, Seller’s tank farm issues 5-days tank storage Payment Invoice to Buyer that will enable Buyer Dip test & take over seller’s tanks.
6. Buyer Dip Test in Seller’s Tank & upon successful Dip Test at Buyer’s option and expense, the Seller issues the following POP documents:
a. Product passport
b. Fresh SGS report (Not older than 72 hours)
c. Export license
d. Authority to Verify (ATV)
e. Refinery Irrevocable Commitment to Supply
f. Seller’s TSR
g. Statement of the availability of the product
h. Certificate of origin
i. ATSC (Authorization to Sell & Collect)
8. Buyer takes over Seller’s tank and Seller pays all intermediaries.