12/05/2025
OFFER EN 590 10 PPM TTO
Origin: Kazakhstan
Quantity: 1. 81,300 MT
2. 89,000 MT
3. 59,100 MT
TANK TAKEOVER NON-NEGOTIABLE PROCEDURE
1. Buyer issues official ICPO with banking details and company registration certificate.
2. Seller issues MOU contract for both parties to sign within 24 hours, buyer signs and send back with guarantee letter to fulfill the contractual agreement.
3. Seller issues POP documents which were issued in the initial buyer company's name as listed below;
* Certificate of Origin
* Guarantee letter to Supply or.refund
* Product quality passport (Analysis test report)
* Bill of Lading
*Freight cargo Manifest
* NOR
* Vessel Q88
* Vessel ETA
* Ullage Report
5. Upon buyer receipt of documents. buyer verifies the availability of the product on high sea and makes payment within 48 hours for the title takeover of the tanker/transaction Guarantee for 5% of total product value and it will be deducted from the total product cost.
6. Upon seller's receipt of the title takeover payment, seller transfer the title to potential buyer company's name and also re-issues all other outstanding documents to the potential buyer company's name and send via swift from seller's bank to buyer's bank to full prove the product.
7. Vessel arrives the discharge port and buyer carry out the CIS/SGS inspection and upon a successful inspection, buyer makes the remaining payment by MT 103 T/T for the 95% product value to the seller.
