TRANSACTION: TTO
PRICE: $430
INSTRUMENT: SBLC
TANK TAKE OVER (TTO) PROCEDURE.
- Buyer issues Irrevocable Corporate Purchase Order (ICPO) with Guarantee Letter to take over Title of the product.
- . Seller issue draft (MOU) agreement to Buyer counter-sign and return to the seller.
- Seller acknowledge signed MOU.
- Seller sends to Buyer the following documents for Buyer’s confirmation.
A. Bill Of Lading-(in the name of the previous buyer as Consignee.)
B. Vessel Tanker Details.
C. Product Passport-Dip-Test Report.
D. Proforma Invoice.
E. 5% Payment deposit Invoice.
F. Cargo Manifest.
G. Cargo Ullage Report.
H. Q88 - Buyer confirms the goods documents and makes a 5% down deposit which stands as an
Allocation and Security Guarantee payment to the seller nominated bank by T/T Wire Transfer within 3 banking days to enable the seller to change every document to buyer’s name and instruct the vessel captain to re-route the vessel to the new buyer’s destination port. The 5% deposit Payment made shall be deducted from the total payment value of the takeover product. - Seller releases a fresh dated Dip-Test Authorization-DTA to Buyer to order SGS inspection or Equivalent inspection team for Q & Q inspection upon goods/cargo arrival at the discharge port.
- Upon the successful completion of Dip-test inspection, Buyer makes the balance 95% payment by MT103 wire transfer for the total goods value, Seller transfers Title of ownership Certificate to buyer’s name as the legitimate owner of the goods and commence translating.
- Trans-loading commences immediately.
Seller will release payments to the intermediaries involved within 48 hours of receiving the payment for the product from the Buyer’s bank
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Site logo image Marinaz
150 KMT OF LNG IN TIANJIN
Marinaz HQ
March 19
TRANSACTION: TTO
PRICE: $430
INSTRUMENT: SBLC
TANK TAKE OVER (TTO) PROCEDURE.
Buyer issues Irrevocable Corporate Purchase Order (ICPO) with Guarantee Letter to take over Title of the product.
. Seller issue draft (MOU) agreement to Buyer counter-sign and return to the seller.
Seller acknowledge signed MOU.
Seller sends to Buyer the following documents for Buyer’s confirmation.
A. Bill Of Lading-(in the name of the previous buyer as Consignee.)
B. Vessel Tanker Details.
C. Product Passport-Dip-Test Report.
D. Proforma Invoice.
E. 100% Payment l/c with out deposits deposit Invoice.
F. Cargo Manifest.
G. Cargo Ullage Report.
H. Q88
Buyer confirms the goods documents and makes a 5% down deposit which stands as an
Allocation and Security Guarantee payment to the seller nominated bank by T/T Wire Transfer within 3 banking days to enable the seller to change every document to buyer’s name and instruct the vessel captain to re-route the vessel to the new buyer’s destination port. The 5% deposit Payment made shall be deducted from the total payment value of the takeover product.
Seller releases a fresh dated Dip-Test Authorization-DTA to Buyer to order SGS inspection or Equivalent inspection team for Q & Q inspection upon goods/cargo arrival at the discharge port.
Upon the successful completion of Dip-test inspection, Buyer makes the balance 95% payment by MT103 wire transfer for the total goods value, Seller transfers Title of ownership Certificate to buyer’s name as the legitimate owner of the goods and commence translating.
Trans-loading commences immediately.
Seller will release payments to the intermediaries involved within 48 hours of receiving the payment for the product from the Buyer’s bank
jai_minerals@outlook.com
Are you direct to the seller of LNG in Tianjin waters? Origin? Is it now available in west coast of Indian seawaters? Terms please