FOB TANK TO TANK TRANSACTION PROCEDURE TTTIA FUJAIRAH/SINGAPORE/ROTTERDAM/QINGDAO/HOUSTON TANK TO VESSEL/DIP & PAY PROCEDURE

1. The Buyer issues an ICPO, with the full CIS along with Buyer's company certificate of registration documents and
the Company Profile and TSA
2. Seller confirms acceptance of the ICPO and issues commercial invoice of the products in the storage tanks, Buyer
signs and returns commercial invoice
3. Seller issues to Buyer the below Partial POP Documents in buyer’s name:
-Authorization to sell and collect (ATSC)
-Statement of Product Availability.
-Certificate of Origin.
-Unconditional Commitment to Supply.
-Notice of Readiness with tank farm details.
-Tank to tank injection agreement (TTTIA).
4. buyer return endorsed TTTIA by buyers’ tank, upon receipt of TTTIA seller release the below document
-Fresh SGS less than 2 hours in the name of the Buyer
-physical authorization to verify (ATV)
-dip test Authorization (DTA)
-Tank Storage Receipt (TSR).
5. Upon confirmation of the above documents by Buyer, buyer access seller Storage Facility and conduct/execute his
own Quality & Quantity Inspection in Seller's tank by SGS or equivalent (on the buyer's expense/responsibility).
Seller provides to the Buyer the Authorization to Sell & Collect
6. Upon successful dip test Seller and Buyer signs the Act of Transfer and Change of Ownership Title Allocation and
upon completion Seller issues to Buyer the Change of Allocation and Transaction Allocation Certificate with Full
Export Documents relating to the exportation of the duct in buyer's name.
7. Upon successful transfer of allocation document, seller inject product into buyers’ tank, upon successful injection
buyer make payment for the total product injected
8. seller pay all intermediaries involve