PROCEDURE OF FOB Version AAB

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PROCEDURE OF FOB Version AAB

Post  Admin on Sat Jul 21, 2018 8:05 pm

PROCEDURE OF FOB RUSSIAN PORT/ROTTERDAM/HOUSTON FROM PIPELINE TRUNK TO VESSEL  

1 Buyer issues ICPO addressed to Seller/Refinery along with CPA from SHIPPING COMPANY name: –CPA to be provided Should include both Seller / Buyer name.

2. Seller issues Commercial Invoice (CI) for the available quantity, Buyer signs and returns back commercial invoice

3. Seller provides the following POP TO BUYER NOR, Q& Q product passport inspection certificate and Product Injection Schedule from a reputable pipeline injection company as a guarantee of product availability in pipeline trunks ready for injection will be provided to buyer.

3.1 Buyer verifies POP and provide Vessel Q88 to the injection company/ and proceed to obtain their injection clearance issued by the port authority through the injection company, to commence injection immediately.

4. Seller provide buyer with the below listed PPOP and ATV after injection is completed. • SGS Q&Q Report (conducted in buyer vessel not older than 24 hours) • Injection report (injection report of product into buyer vessel) • Authorization to sell (ATS) • ATB Authority to board for buyer to reconfirm product in vessel (optional).

5. NCNDA/IMFPA will be signed by all intermediaries involved in the transaction.

6. Buyer confirms seller SGS report or buyer orders SGS to conduct Q&Q in vessel.


7. Buyer receives satisfactory report from SGS and buyer makes payment for total cost of product injected into buyer vessel via MT103.

8. Seller transfer Title Ownership to buyer and seller pays seller side intermediaries involved in the transaction and buyer pays buyer side.

9. Seller and Buyer signs contract for the agreed contract duration. Kindly issue your draft ICPO upon acceptance of the above transaction

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