1. Buyer issue ICPO to seller. 2. Seller issues Draft Contract and Commercial Invoice for buyer to countersign upon acceptance of the terms and conditions. 3. Seller sends to buyer: a. Commitment to supply
b. product availability in storage reservoir
c. Product Passport
d. Company registration certificate
4. Buyer endorses the tank storage agreement (TSA) with the hired tank facilitator of the respective port tank farm nominated by Seller. Buyer has right to nominate its own tank farm. Buyer send the endorsed (TSA) with Buyer hired Tank Farm to the Seller for verification, before Seller can give Buyer go ahead to pays the tank fee to the tank farm and obtain the (TSR) to enable seller Pump/Inject the product into the tank. 5. Seller Inspect the Tank and start injection of the product into the hired tank and furnish the Buyer, Title Transfer Certificate and DTA to conduct the dip test. 6. Upon successful dip test, buyer makes payment by MT103 T/T wire transfer for the t
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