Refinery (2) TTV

Tank-To-Vessel Injection Agreement (TTVIA) (2)

Buyer issues an official ICPO, company registration license, buyer’s passport data page and letter of acceptance to seller’s transaction procedure, via the Seller Mandate.
Seller issues commercial invoice (CI) for the available quantity of product in seller’s leased tank to buyer. Buyer signs and returns the Commercial Invoice along with Buyer’s tank storage Agreement (TSA).
Seller issues to buyer Tank-to-Vessel Injection Agreement (TTVIA) to be endorsed by both Seller, buyer and buyer’s Logistic Company., or the Buyer request an EXTENSION SELLER TANK, for two days.
Upon returned of the endorsed TTVIA, Seller release to buyer the following PPOP documents.

- - Commitment Letter to Supply
  - Export License
  - Tank Storage Receipt TSR.
  - Authorization to Verify ATV (Through call or email).

Buyer contact the seller’s leased Storage Company to verify the availability of the product and to obtain access to enable buyer and his inspection team to conduct dip test on the product in the tank, Seller issue UDTA for buyer to proceed with the dip test, upon confirmation of buyer securing legal access to the product.
Buyer and his SGS Inspection team conduct dip test on the product in the tank. Upon satisfactory result of the dip test, Seller’s storage Company issue to buyer, the Notice of Readiness (NOR) to inject the product.
Upon completion of the Injection, the Seller releases to buyer the below POP documents.

Buyer immediately pays for the total cost of the product value injected into the Tank through MT103 TT wire transfer. Seller Upon receipt of the payment, pays all intermediaries involve in the transaction. Seller issues title change/transfer of product to buyer.