ROTTERDAM DIP AND PAY IN SELLER TANK TERM & TRANSACTION
1) Buyer issue ICPO & TSA containing the seller's working procedure
with banking details.
2) Seller issues commercial invoice of the product in tanks at the port,
buyer sign and return commercial invoice to the seller.
3, Buyer provide Seller, Their nominated tank farm Authorization to
verify and inject products
4) Seller issue to buyer FULL POP listed below:
a) GPS Coordinate-Tank Storage Receipt (TSR),
b) Injection Report
c) Unconditional Dip test authorization letter (DTA)
d) Authorization to sell.
e) Fresh SGS Report.
f) Authorization to Verify the Product Seller's Tank (ATV)
5) Buyer inspects product by SGS, on successful Dip Test in tanks and provode TSR,
product will immediately be injected into Buyer's nominate Vessel or
Shore Tank. buyer makes Payment for the product via MT103 and Seller
transfers Title Ownership to Buyer.