AVIATION JET FUEL/JP54 FOB/CIF
1. The buyer issues the ICPO, TSA and company registration certificate. 2. The seller issues the draft contract, the commercial invoice (CI), the buyer signs and returns it to the seller for further proceedings. 3. Seller issues Dive Test Authorization (DTA) and Physical Verification Authorization (ATV), which must be signed by all parties, including buyer's tank farm. 4. The seller sends the following PPOP document to the buyer A. Tank Storage Receipt (TSR) B. Injection report C. Dive Test Authorization Letter (DTA): Unconditional for 5 days. D. Authorization for Sale and Collection (ATSC) E. New SGS report F. Authorization for Physical Verification (ATV) G. Analysis for the assessment of the Products. 5. Buyer performs DIP Test on the product at the seller's rented tank and inserts the product into the buyer's tank and makes payment for the total value of the product injected into the seller's tanks via MT103-TT. 6. The seller pays the mandates of his intermediaries and the buyer pays the commissions to his intermediaries which do not fall between GROSS and NET prices. Thereafter the monthly shipment continues according to the terms and conditions of the sales and purchase contract between buyer and seller
