FOB PROCEDURE : (TANK TO VESSEL)
1) Buyer tenders ICPO (with passport & CP) and POF and NOR to Seller
2) Seller responds with Confirmation Letter of fuel availability;
3) Seller issues a Joint Participation Agreement (JPA);
4) Upon receipt of signed JPA, Seller issues CI;
5) Upon receipt of signed CI, Seller issues Dip Test Authorization (DTA), and Authorization to Verify (ATV) to buyer.
6) The buyer endorses the dip test authorization and proceeds to make a dip test in seller’s tank at buyer’s expense. Upon buyer’s receipt of successful SGS report, Seller arranges fuel transfer to Buyer’s Vessel;
7) Upon the Buyer confirming the complete transfer of fuel, Buyer pays for fuel, and Seller issues POP & other relative Title documents.
1) Buyer tenders ICPO (with passport & CP) and POF and NOR to Seller
2) Seller responds with Confirmation Letter of fuel availability;
3) Seller issues a Joint Participation Agreement (JPA);
4) Upon receipt of signed JPA, Seller issues CI;
5) Upon receipt of signed CI, Seller issues Dip Test Authorization (DTA), and Authorization to Verify (ATV) to buyer.
6) The buyer endorses the dip test authorization and proceeds to make a dip test in seller’s tank at buyer’s expense. Upon buyer’s receipt of successful SGS report, Seller arranges fuel transfer to Buyer’s Vessel;
7) Upon the Buyer confirming the complete transfer of fuel, Buyer pays for fuel, and Seller issues POP & other relative Title documents.
