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  • Niche Capital Corporation

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    Andrew Rivelin
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    This document outlines the 8 step operational procedure for a fuel purchase between a buyer and seller involving an FOB Rotterdam/Houston port transaction. The steps include the buyer providing identity documents and payment confirmation, the seller providing storage documents and product documents, the buyer accepting the quality and quantity of the product, and finally the buyer paying for the product which triggers the seller to release export documents and transfer ownership.

    Original Description:

    NO PRODUCT JUST A FRAUD

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    This document outlines the 8 step operational procedure for a fuel purchase between a buyer and seller involving an FOB Rotterdam/Houston port transaction. The steps include the buyer providing identity documents and payment confirmation, the seller providing storage documents and product documents, the buyer accepting the quality and quantity of the product, and finally the buyer paying for the product which triggers the seller to release export documents and transfer ownership.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    202 views1 page

    Niche Capital Corporation

    Uploaded by

    Andrew Rivelin
    This document outlines the 8 step operational procedure for a fuel purchase between a buyer and seller involving an FOB Rotterdam/Houston port transaction. The steps include the buyer providing identity documents and payment confirmation, the seller providing storage documents and product documents, the buyer accepting the quality and quantity of the product, and finally the buyer paying for the product which triggers the seller to release export documents and transfer ownership.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    OPERATIONAL PROCEDURE FOB ROTTERDAM / HOUSTON PORT

    1. Buyer sends ICPO and a colored copy of his international passport and CP.

    2. Seller sends Cl along with Tank storage receipt. (TSR) with GPS coordination data.

    3. Buyer confirms storage logistics and buyer extends seller tank for 48 hours.

    4. Seller releases Unconditional DTA and the following POP Documents?

    • Fresh SGS Report.


    • Availability of Product.
    • Certificate of Origin.
    • Authorization to Sell and collect (ATSC).
    • ATV.

    5. Buyer signs the NCNDA/IMFPA and return to seller.

    6. Buyer confirms product Q&Q via SGS and upon positive result/satisfaction with the Q&Q,
    Buyer send letter of product acceptance and readiness to take over tank or have the oil
    injected to buyer’s tank.

    7. Buyer pays for product and upon confirmation via MT103 TT, seller release all Export
    Document and Title Transfer Certificate.

    8. Possible rolls and extensions

    Sincerely

    Gerald Rottermann
    Chief Compliance Officer Niche Group

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