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with
+31 85 888 33 46 EU
+1 202 24 14 725 USA
For Info:
- info@dutch-fuel.com
For Offer:
- quotation@dutch-fuel.com
European Head Office
World Trade Center
Den Haag
Dual Core BV
The Netherlands
Frequently Asked Question!
POP – Proof of Product (set of documents that serve as a Seller’s proof that the product is real).
The PoP is sent bank to bank, (from the seller’s bank to the buyer’s bank), and is documentary evidence that the product exists.
The PoP is crucial from the Buyer’s perspective, and Buyers should care that the proof of product is authentic before agreeing to trade and/or signing any binding contracts.
The PoP is sent bank to bank, (from the seller’s bank to the buyer’s bank), and is documentary evidence that the product exists.
The PoP is crucial from the Buyer’s perspective, and Buyers should care that the proof of product is authentic before agreeing to trade and/or signing any binding contracts.
PPOP is set of documents that serve as a Seller’s proof that the product is real
PPOP set of Documents typically consist:
- SGS Inspection Report or equivalent (SGS)
- Dip Test Analysis Report (DTAR)
- Certificate of Origin (COO)
- Tank Storage Receipt (TSR)
- Full Proof Of Product (Full POP) are sent by Secured Mail to the Buyers Bank / Buyer and typically consist of:
- Copy of License / permit to export, issued by the department of the ministry of energy (If applicable)
- Copy of statement of availability of the product
- Copy of the refinery commitment to produce the product
- Copy of the pipeline corporation contract to transport the product to the loading port
- Refinery certificate of product
- Copy of the port storage agreement (TSR – If applicable)
- Dip Test Authorization letter (DTA)Copy of SGS or equivalent report (SGS)
The SGS or equivalent Inspection Report is done by an international inspection Agency or Company to become sure about the quality and quantity of the JET-A1 fuel before exporting.
Inspection services help to reduce risk and ensure quality and accuracy, as well as meeting regulatory requirements
Inspection services help to reduce risk and ensure quality and accuracy, as well as meeting regulatory requirements
Dip Test Analysis Report means testing procedures that give Fresh SGS report of fuel quality, getting Proof of Product (POP) before any payments
What is an Unconditional Dip Test Authorization?
Unconditional Dip Test Authorization (UDTA) which means no conditions prevent from testing the fuel, getting Proof of Product (POP) before required to make any payments for the fuel.
What is an Unconditional Dip Test Authorization?
Unconditional Dip Test Authorization (UDTA) which means no conditions prevent from testing the fuel, getting Proof of Product (POP) before required to make any payments for the fuel.
Certificate of Origin is an important document in Fuel trade that certifies that the products being exported have been manufactured and processed in that particular Country/Rafinery
Buyer provides Seller
TSA (Tank Storage Agreement)
after approval of Tank Farm by seller,
Buyer provide TSR (Tank Storage Receipt) and
AIT ( Authorization to Inspect Storage Tank) in PORT and vessel information with port clearance and documents.
TSA (Tank Storage Agreement)
after approval of Tank Farm by seller,
Buyer provide TSR (Tank Storage Receipt) and
AIT ( Authorization to Inspect Storage Tank) in PORT and vessel information with port clearance and documents.
Every reputable refiner in Rotterdam requires this agreement, referred to as TSA (Tank Storage Agreement).
However, TSAs are not typically provided by large companies or presented openly on the internet.
If a company sends you a TSA on a letterhead via the internet, it is likely 99% fake
However, TSAs are not typically provided by large companies or presented openly on the internet.
If a company sends you a TSA on a letterhead via the internet, it is likely 99% fake
ICPO – Irrevocable Corporate Purchase Order.
It refers to an official document in which the company interested in the purchase addresses all product specifications and other information such as: quantity, port of destination, payment method.
It refers to an official document in which the company interested in the purchase addresses all product specifications and other information such as: quantity, port of destination, payment method.
The IMFPA (Irrevocable Master Fee Protection Agreement) is a type of contract used in international trade to protect the fee (commission) of the intermediary (broker) who mediates in transactions, mainly for the purchase of commodities or merchandise negotiated in bulk…
What is the difference between NDA and NCNDA?
A Non-Circumvention Agreement ensures that the intermediaries who brought the buyer and seller together are not excluded from future negotiations, whilst a Non-Disclosure Agreement is a contract by which a party receiving information from another party agrees to keep such information confidential.
A Non-Circumvention Agreement ensures that the intermediaries who brought the buyer and seller together are not excluded from future negotiations, whilst a Non-Disclosure Agreement is a contract by which a party receiving information from another party agrees to keep such information confidential.
A Sales and Purchase Agreement (SPA) is a binding legal contract that obligates a Buyer to buy and a Seller to sell a product or service.
SPAs are often used in deals when two parties are transacting a large volume of fuel.
SPAs are often used in deals when two parties are transacting a large volume of fuel.
A Notice of Readiness (“NOR”) is a notification by the vessel that is ready to start the charter service (upon delivery) or is ready to load or discharge cargo.
Giving an NOR has two purposes:
(i) to inform the charterers that the vessel is at their disposal; and
(ii) to start the running of hire or laytime.
Giving an NOR has two purposes:
(i) to inform the charterers that the vessel is at their disposal; and
(ii) to start the running of hire or laytime.