TANK TO TANK TRANSACTION PROCEDURE
1.Buyer issues ICPO containing the seller working procedure with scanned copy of buyer passport along with the buyer company certificate of incorporation, Tank Storage Agreement (TSA), BCL(or POF), Client Information Sheet (CIS).2.Seller issues commercial invoice of the products in tanks at the port to be sign by buyer.3.Upon receipt of the signed Cl the seller issue the PPOP and Fresh SGS to buyer tank farm only for verification.It also requires the buyer's tank company to send the same documents to the buyer Or copy the same document to the buyer's email.4.Upon receipt confirmation of PPOP and SGS from buyer tank farm, buyer provide 6 days TSR, to activate buyer tank storage facility (3-day seller /3-day buyer).5. NCNDA/IMFPA will be signed by seller. The seller will be paymaster for seller mandate and buyer intermediaries.6.Seller issue DTA Unconditional to buyer and the buyer SGS teams dip and confirm the Q&Q Report to both parties.7. Upon successful dip test in tanks products will immediately be injected into buyer tank and buyer make payment for the products via MT 103.
1.Buyer issues ICPO containing the seller working procedure with scanned copy of buyer passport along with the buyer company certificate of incorporation, Tank Storage Agreement (TSA), BCL(or POF), Client Information Sheet (CIS).2.Seller issues commercial invoice of the products in tanks at the port to be sign by buyer.3.Upon receipt of the signed Cl the seller issue the PPOP and Fresh SGS to buyer tank farm only for verification.It also requires the buyer's tank company to send the same documents to the buyer Or copy the same document to the buyer's email.4.Upon receipt confirmation of PPOP and SGS from buyer tank farm, buyer provide 6 days TSR, to activate buyer tank storage facility (3-day seller /3-day buyer).5. NCNDA/IMFPA will be signed by seller. The seller will be paymaster for seller mandate and buyer intermediaries.6.Seller issue DTA Unconditional to buyer and the buyer SGS teams dip and confirm the Q&Q Report to both parties.7. Upon successful dip test in tanks products will immediately be injected into buyer tank and buyer make payment for the products via MT 103.
