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FOB Delivery

Refinery FOB Tank To Tank (TTT) Delivery Procedures:

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) along with their TSA, via the Seller Mandate (Name will be Provided for ICPO)

2. Seller issues Commercial Invoice (CI) for the product available in Tanks at the port; Buyer signs and submits the Commercial Invoice to the Seller

3. Seller issues a copy of SGS report & Non-Disclosure Agreement (NDA) to the Buyer’s Tank Farm to verify product in Seller’s tank reservoir and SGS report

4. Upon successful verification of the SGS and product in Seller’s tank by Buyer’s tank farm company:

  • Seller pays 2 days tank storage lease

  • Buyer pays 1 day tank storage lease for the injection process to Buyer’s tank farm company

Upon confirmation of both Seller and buyer payment receipts to Buyer’s tank farm company, Seller issues the below listed PPOP documents to Buyer:

  • Fresh SGS (not older than 48 hours)

  • Certificate of Origin

  • Authorization to Verify (ATV)

  • Dip Test Authorization (DTA)

  • Commitment to Supply

  • Tank Storage Receipt (TSR)

  • ATSC

  • Injection Report

5. Buyer inspects by SGS (Dip test in Seller’s tanks) at Buyer’s expense

6. Seller issues Authorization to Transfer (from Seller Tank to Buyer Tank) upon Buyer’s satisfactory inspection

7. Buyer makes payment for the product via MT 103 after completed injection and receiving copy of Bill of Lading. Seller transfers ownership to Buyer and signs yearly contract delivery.

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

  1. 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.
  2. 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).
  3. 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.
  4. 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).
  1. 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.
  2. 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.
  3. Upon completion of the Injection, the Seller releases to buyer the below POP documents.
      • Product SGS Report.
      • Pipeline Injection Report.
      • Authority to Sell and Collect (ATSC)
      • Product passport (analysis test report)
      • Certificate of Origin
      • NCNDA/IMFPA is sign by intermediaries of both seller and buyer.
  1. 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.

Refinery FOB Tank To Vessel (TTV) Delivery Procedures:

1. Buyer submits company profile and issues ICPO according to the Seller’s working procedure alongside CPA, via the Seller Mandate: Dr Piergiorgio MANCA

2. Seller issues a commercial invoice of the product in tanks at the port. Buyer signs and returns the commercial invoice along with an acceptance letter.

3. Seller issues to Buyer the Tank-to-Vessel Injection Agreement (TTVIA) to be endorsed by both Seller, Buyer, and Seller’s injection company.

4. Upon return of the endorsed TTVIA, Seller releases to Buyer the following PPOP documents:

  • Copy of Tank Storage Receipt (TSR)

  • Copy of Commitment Letter to Supply

  • Product Passport

  • Certificate of Origin

5. Upon confirmation of the documents, Buyer makes payment for the injection of the product into Buyer’s vessel and immediately conducts Dip Test.

  • Upon satisfactory result of the dip test on the product by Buyer and his team, Seller’s storage company issues to Buyer the Notice of Readiness (NOR) to inject the product.

6. Buyer issues Q88 and makes the vessel available for the injection process to commence as per schedule.

7. Upon completion of the injection, Seller releases to Buyer the following POP documents:

  • Copy of Product SGS Report

  • Copy of Injection Report

  • Copy of Authority to Sell and Collect (ATSC)

  • Copy of Product Passport (analysis test report)

  • Copy of NCNDA/IMFPA

8. Buyer pays for the total cost of the product value injected into the vessel through MT103 TT wire transfer.

9. Seller transfers title of the product to the Buyer alongside all exportation documentation in relation to the petroleum product.

DIP AND PAY PROCEDURES FOR FOB

  1. Buyer issues ICPO with seller working procedure on it as transaction procedure with banking details and Buyer passport scan copy, via the Seller Mandate.


  2. Seller issues the Commercial Invoice (CI) of the product in tanks at port, Buyer signs and returns back Commercial Invoice to Seller.


  3. Seller issues to Buyer the below document for verification of the product (PPOP):


    • Statement of Product Availability

    • Commitment Letter to Supply

    • Dip Test Authorization (DTA) Letter


  4. Upon Successful Verification of the PPOP, Buyer contacts seller’s Tank Storage Company and requests for payment invoice. The buyer extends the seller’s Tank for 2 days while the seller pays 3 days and makes arrangement for Injection & Dip Test Schedule.

4/1. Seller releases all POP documents: UDTA, Fresh SGS, Q&A, Injection Report.

  1. Upon successful Dip Test in Seller’s Tanks, Buyer makes payment for the total cost of product based on the SGS Report via MT103 and Seller transfers title ownership to Buyer and sends all exportation documents to Buyer. Buyer lifts product into Vessel or completely takes over seller’s tanks for further product storage.


  2. Buyer NCNDA/IMFPA will be signed by all intermediaries involved in the transaction and forwarded to Seller for endorsement. Seller provides the below documents: Endorsed NCNDA/IMFPA, Authorization to Sell and Collect (ATSC).


  3. Buyer gets back to Seller with NCNDA/IMFPA signed by all Group with commission structure so all parties can receive their commissions immediately.


  4. Seller issues final agreement to Buyer to review contract on R&E Monthly Deliveries.


  5. Buyer reviews and approves contract and issues SBLC/DLC Irrevocable, Non-Transferable, Auto Revolving for 12 months shipment value, Documentary Letter of Credit for length of Contract and for each lifting as schedule.


  6. Buyer pays after successful Dip Test by MT103 wire transfer on each Monthly delivery.


  7. The Subsequent delivery shall commence according to the terms and conditions of the Contract and Seller pays.

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