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TANK TAKEOVER (TTO) ISKENDERUN PORT, TURKEY.

STEP 1: COMMERCIAL INVOICE (CI)

• Seller issues the Commercial Invoice (CI) to the Buyer for review.

• Buyer reviews, signs, and returns the CI, confirming acceptance of terms.

STEP 2: PORT ACCESS AND DOCUMENTS

• Seller schedules appointments for the Buyer to conduct a site visit at the tank farm and Buyer pays

$69,503 for Terminal Handling Charges for the site visit.

• Buyer attends the meeting with seller to verify product availability

STEP 3: TANK EXTENTION

• Buyer covers the tank lease extension for 5 days to have their name placed on the TSR and export

documents, enabling the inspection team to conduct the dip test at the shore tank farm.

STEP 4: BUYER DIP TESTING PROCESS

• Inspection team is scheduled to conduct the dip test at the tank farm.

• Dip test results are reviewed jointly by Buyer and Seller to confirm quality and quantity.

STEP 5: PAYMENT RELEASE

• Upon satisfactory dip test results, Buyer makes payment of 50% of the total value of the cargo via the

agreed method (Bank transfer or Crypto).

• Seller confirms receipt of payment and issues acknowledgment.

STEP 6: LIFTING

• After payment confirmation, loading of product into Buyer’s vessel commences (please note that

Seller can assist Buyer nominate vessel to deliver product to Buyer’s discharge port, if required)

• Product Release Documents are provided, including transfer of product title from

ENERGIX to Buyer.

STEP 7: PRODUCT TAKEOVER

• Buyer makes full and final payment of 50% of the total value of the cargo via the agreed method (Bank

transfer or Crypto) and shipment to Discharge Port commences.

 


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