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1.Buyer issue ICPO to seller. 2.Seller issues Draft Contract and Commercial Invoice for buyer to countersign upon acceptance of the terms and conditions. 3.Seller sends to buyer, Commitment to supply and product availability in storage reservoir, Product Passport and Company registration certificate. 4. Buyer provide their own hired Tank Farm and endorse the tank storage agreement (TSA) with the hired tank facilitator of the respective port tank farm, to enable seller Pump/Inject the product into the tank or buyer provide their TSA with their respective tank operator if any for seller verification and pumping of the product to the rented tank. 4.Seller issue Dip-Test Authorization to buyer. 5.Upon successful dip test, buyer makes payment by MT103 T/T wire
transfer for the total product available. 7. Seller pays commission to seller side intermediaries involved in the transaction and Buyer pays commission to buyer side intermediaries involved in the transaction.
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Trade Leads Directory -> All Trade Leads -> Chemicals -> Petroleum Products: Bitumen -> Buyer/Buyer Mandates
