03/12/2024
Available for Vessel Take Over for Serious Buyer only!
DABA
Crude Oil Tanker, IMO 9501162
Product: Diesel En590 10 ppm
Quantity107,000 MT
Gross: $520 per MT/ Net $520 per MT
PROCEDURE VTTO (VESSEL TITLE TAKEOVER)
1. Buyer issues Purchase Order upon receipt and acceptance of seller's Soft Offer.
2. Seller issues Draft Sales and Purchase Agreement Contract with Proforma invoice for buyer's review and signing.
3. Seller issues the Proof of Product documents in the buyer company's name as listed below.
• Ullage Report after loading
• Cargo Manifest
• Notice of Readiness
• Vessel Q88.
• Master receipt of documents
* Receipt of Sample
• Vessel Tank Data
• Vessel's Quantity at Loading
• Bill of Lading
• Invoice for %2 (Security deposit )
4. The buyer makes a guaranteed deposit of %2 via MT103. Upon receipt of the buyer's payment, the seller issues Certificate of Quality and Quantity (SGS report) and certificate of Origin. The seller notifies the vessel master to re-route the vessel to the buyer's discharge port.
5. Seller and Buyer sign the title transfer affidavit and the title ownership certificate is issued in the buyer's company name.
6. The buyer provides their shipping agent contact information for the ship owner to open communication, issue a Notice of Readiness (NOR) and Power of Attorney to the buyer's shipping agent entrusting them to perform all needed shipping agency and freight forwarding services in the discharge ports.
7. Seller instructs the vessel master to send the complete set of maritime and shipping documents to enable the buyer shipping agent to file for the maritime report and make all preparations to receive the vessel tanker at the destination port terminal.
8. Upon arrival of the vessel tanker at the destination port and completion of CIQ inspection, the buyer pays for full cargo value via MT103/TT Wire within three banking days
9. Seller pays the intermediaries within three banking days after receipt of payment of the product from the buyer.
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