En59010pp jeta Tank Assurance

Tank Assurance Program upfront all payments till injection, verification (including optional dip testing at the Buyer's expense), and title transfer. This service is strictly contingent upon the Buyer adhering verbatim to the supplier’s non-negotiable procedures outlined in the FCO and utilizing only vetted and approved suppliers. The primary objectives of this service are to: • Eliminate significant upfront costs for the Buyer; • Reduce transaction failure rates through secure and compliant execution; • Provide real-time tracking via blockchain-integrated portal for document submission and monitoring; • Integrate with the Irrevocable Master Fee Protection Agreement (IMFPA) for a 50/50% commission split between intermediaries. The Program proposes to front logistics costs for the initial lift, subject to the Buyer providing verifiable Proof of Funds (POF) for the full initial lift amount (e.g., Bank Comfort Letter (BCL), Documentary Letter of Credit (DLC), or Standby Letter of Credit (SBLC))
TTTIA
1.
Buyer issues an official ICPO with the Seller's procedure, passport copy, banking details along with its Tank Storage Agreement "TSA".
2.
Upon successful validation of the Buyer’s ICPO, logistics company, and storage agreement with the local port authority, Seller issues a Commercial Invoice (CI) to the Buyer. Buyer signs, seals, and returns the CI to the Seller.
3.
Upon receipt of the Signed CI, Seller will issue a Tank to Tank Injection Agreement (TTTIA) to be fully completed, signed, and sealed by the Buyer and its Storage Facility. Upon receiving and verifying the fully endorsed TTTIA, Seller issues the POP below to the Buyer along with NCNDA/IMFPA to be signed by all intermediaries with the commission structure involved in the transaction.
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Injection Report.
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Product Passport.
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24 Hours SGS Report.
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Product Certificate of Origin.
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Tank Storage Receipt (TSR).
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Authorization to sell and collect.
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Commitment/Guarantee to Supply.
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Unconditional Dip-Test Authorization.
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Product Title Holder Transfer Agreement.
4.
At Buyer’s option, Buyer may perform a Dip Test in Seller’s tank at Buyer’s expense.
5.
Upon successful verification of POP or Dip Test in the Seller’s tank, Buyer provides a Tank Storage Receipt (TSR) with sufficient storage to accommodate the Seller’s injection programming. Seller then injects the product into Buyer’s tanks.
6.
Buyer makes the payment for the product via MT103, Seller transfers the Title Holder & Ownership of the product to the Buyer.
7.
After successful Trial Lift (First Lift), Seller issues SPA/Contract for 12 months with R&E to Buyerfor processing.
8.
Within 24 hours of the completion of the injection, the Seller pays commissions to all intermediaries involved for the initial lift .