MT199 Procedures
POP includes Tank-Farm Bar-Code
Zoom Meeting between Buyer & Seller
USA seller
1. Buyer issues LOI
2. Seller holds zoom meeting with buyer
Prices are based off Platts Minus and will be negotiated during zoom meeting
3. Buyer issues MT199 bank to bank proving POF
4. Seller releases POP
Below is only an example of full POP
a. Fresh SGS Report
b. Unconditional Dip Test Authorization (UDTA) c. Injection Report
d. Tank Storage Agreement (TSA) e. Tank Storage Receipt (TSR) f. Tank Farm Bar-Code Information
g. Letter of Commitment to Supply
h. Passport of the Product (Q & Q) i. Certificate of Origin Report
j. Registration Certificate
k. Confirming warrant
l. Authority to Sell & Collect (ATSC) 5. Buyer pays for the fuel and the deal is closed
6. Seller pays intermediaries
Serious buyers only!
Above offer is shortened to fit this ad space, please contact us for full details.
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