2. 01 02 03
New buyer just need to Take
Over Tank previous buyer
NO NEED TANK
The stock EN590 10PPM
already inside the Tank. No
need to do payment for extend
storage tank to get TSR.
NO NEED TSR
PAYMENT
Refinery already pump the oil
inside previous buyer tank and
refinery already paid the
pipeline Injection fees.
NO PIPELINE FEES
3. TANK
COORDINATE
New buyer can search tank coordinate thru this link :
https://www.gps-coordinates.net/
Location : Fujairah Port
Tank GPS coordinate : 25°12’27.7”N
56°21’25.0”E
4. ORIGIN
Kazakhstan, an oil producer since 1911, has the
second–largest oil reserves and the second–
largest oil production after Russia among the
former Soviet republics.
Kazakhstan is a major oil producer. The key to its
continued growth in liquids production is the
development of its giant Tengiz, Karachaganak,
and Kashagan fields. Kazakhstan must also
develop additional export capacity to continue its
production growth.
5. COMMODITY PRICE QUANTITY
COMMODITY & SPECIFICATION
This product IS
EN590 10PPM
The price is
USD480 / mt
Total quantity available
is 200,000 mt
6. TANK TAKE OVER
1. Buyer need to email their bank statement for 3 months
to mandate refinery as their capability to buy the
available stocks in FUJAIRAH.
2. Buyer issues ICPO including the Seller’s procedure
addressed to Seller/Refinery Mandate along with
Buyer Company Registration Certificate and data page
of Buyer’s Passport Copy.
3. Seller issues MOU Take Over The Product to New Buyer
to signs and returns back to seller within 24 hours. The
seller will contact the former buyer's tank farm
company who stored the product for the EPC Invoice
to be sent to New Buyer (by email).
4. Seller will give Tank Storage Receipt (TSR) to buyer for
checking the availability of the stocks inside the tank.
5. The New Buyer obtains EPC from Tank Farm Co. Then
Seller will change to New Buyer company’s name to all
related PPOP documents then releases the PPOP
documents to the new buyer as follows:
A. Product certificate of origin.
B. Authorization to sale and collect (ATSC)
C. Product passport.
D. Unconditional dip test authorization
E. Injection report
F. NCNDA/IMFPA will be signed by all intermediaries
involved in the transaction.
6. Upon New Buyer receipt of the PPOP, New Buyer
inspects product with SGS agent or equivalent.
7. After the buyer's successful dip test on the
product, buyer makes the payment for the total
value of the product via MT103-TT.
8. Upon seller receiving the payment for the product
from the buyer, seller issues to buyer the title
ownership of the product and all
exportation documents of the product. The
buyer take over the tank farm and lift
the product.
9. Seller pays all intermediaries involved in the
transaction as per NCNDA/IMFPA and
sends SPA to Buyer for monthly contract and
shipments commence as per contract.
7. START FLOW CHART
Buyer give 3 months bank
statement
Buyer give 3 months bank
statement
Seller will give draf ICPO
Seller issue MOU for Take Over
Product in Tank
Seller contact former buyer tank
to get new invoice for EPC
Seller gives buyer the TSR for
checking the availability of the
stocks
Buyer pay EPC to Tank Farm
Buyer send ICPO
Chop, Sign and return back
within 24 hours
Entrance Permit Code (EPC) -
for Excess, Permit, Insurance &
etc.
Seller give PPOP to buyer Buyer do Dip Test
Buyer do Dip Test
Buyer prepare
surveyor for Dip Test
Buyer do Payment for full total
cargo
Refinery issue to buyer the
Title Ownership