EN590, JETA1 D6, UREA

Product Description

EN**0 Purchase Agreement Procedures (FOB ROTTERDAM)
1. Issuance of ICPO:
The Buyer shall issue an Irrevocable Corporate Purchase Order (ICPO) containing:
• The Seller's operating procedures,
• The Buyer's banking details,
• The company registration certificate,
• The Buyer's passport,
• The Buyer's Tax Identification Number (TIN).
2. Commercial Invoice and Agreements:
Upon receipt of the ICPO, the Seller will issue a Commercial Invoice (CI) to the Buyer.
• The Buyer must sign and return the CI within *8 hours.
• Alongside the CI, the Buyer is required to submit an endorsed Non-Circumvention, Non-Disclosure Agreement (NCNDA) and Irrevocable Master Fee Protection Agreement (IMFPA) signed by all intermediaries.
3. Tank Takeover Meeting (TTM) and Product Inspection:
• A Tank Takeover Meeting (TTM) will be held, during which the Buyer will physically inspect the product and conduct a dip test at their expense.
• The Buyer must cover the cost of the Terminal Access Code (TAC) required for inspection and terminal access.
4. Fresh SGS Report and Initial Payment:
• The Buyer is responsible for conducting a dip test to obtain a fresh SGS (Socit Gnrale de Surveillance) report to confirm product quality.
• Upon verification, the Buyer must remit *0% of the total product payment via telegraphic transfer.
5. Tank Transfer or Receipt Submission:
• The Buyer shall either:
• Extend the lease of the Seller's tank under the Buyer's company name, or
• Provide a Tank Storage Receipt (TSR) or Vessel Q*8 for product injection.
• Once the TSR is provided, the Seller will begin product injection into the Buyer's tank.
6. Completion of Payment Post-Injection:
• After successful injection of the product into the Buyers tank, the Buyer shall remit the remaining *0% of the product value via telegraphic transfer.
7. Title and Proof of Product Transfer:
• Upon receipt of full payment, the Seller will:
• Confirm the funds,
• Transfer the Product Title and complete Proof of Product (POP) documentation to the Buyer,
• Disburse intermediary commissions as outlined in the NCNDA/IMFPA.
8. Negotiation for Future Shipments:
• Within five banking days of the first transaction's completion, the Buyer and Seller will negotiate terms for subsequent monthly shipments. These shipments will follow the mutually agreed terms and conditions outlined in th
EN**0 Purchase Agreement Procedures (FOB ROTTERDAM)
1. Issuance of ICPO:
The Buyer shall issue an Irrevocable Corporate Purchase Order (ICPO) containing:
• The Seller's operating procedures,
• The Buyer's banking details,
• The company registration certificate,
• The Buyer's passport,
• The Buyer's Tax Identification Number (TIN).
2. Commercial Invoice and Agreements:
Upon receipt of the ICPO, the Seller will issue a Commercial Invoice (CI) to the Buyer.
• The Buyer must sign and return the CI within *8 hours.
• Alongside the CI, the Buyer is required to submit an endorsed Non-Circumvention, Non-Disclosure Agreement (NCNDA) and Irrevocable Master Fee Protection Agreement (IMFPA) signed by all intermediaries.
3. Tank Takeover Meeting (TTM) and Product Inspection:
• A Tank Takeover Meeting (TTM) will be held, during which the Buyer will physically inspect the product and conduct a dip test at their expense.
• The Buyer must cover the cost of the Terminal Access Code (TAC) required for inspection and terminal access.
4. Fresh SGS Report and Initial Payment:
• The Buyer is responsible for conducting a dip test to obtain a fresh SGS (Socit Gnrale de Surveillance) report to confirm product quality.
• Upon verification, the Buyer must remit *0% of the total product payment via telegraphic transfer.
5. Tank Transfer or Receipt Submission:
• The Buyer shall either:
• Extend the lease of the Seller's tank under the Buyer's company name, or
• Provide a Tank Storage Receipt (TSR) or Vessel Q*8 for product injection.
• Once the TSR is provided, the Seller will begin product injection into the Buyer's tank.
6. Completion of Payment Post-Injection:
• After successful injection of the product into the Buyers tank, the Buyer shall remit the remaining *0% of the product value via telegraphic transfer.
7. Title and Proof of Product Transfer:
• Upon receipt of full payment, the Seller will:
• Confirm the funds,
• Transfer the Product Title and complete Proof of Product (POP) documentation to the Buyer,
• Disburse intermediary commissions as outlined in the NCNDA/IMFPA.
8. Negotiation for Future Shipments:
• Within five banking days of the first transaction's completion, the Buyer and Seller will negotiate terms for subsequent monthly shipments. These shipments will follow the mutually agreed terms and conditions outlined in th