EN590 Buy Requirement from China - 14-Jul-2025

We wanted to purchase 1.5 million tons of EN590 on
FOB TTT VTT basis, with delivery at Chinese ports.
Payment will be made after inspection.

FOB ( Free on Board ) Tank to Tank Procedure :

1) The Buyer submits Irrevocable Corporate Purchase
Order ( ICPO ) along with the following documents:
Customer Information Sheet ( CIS ), Certificate of
Incorporation, and passport copies of the authorized
signatories. Tank Storage & Throughput Agreement or
TSA
2) The Seller reviews the documents and issues a draft
Sale and Purchase Agreement ( SPA ) and Commercial
Invoice for the trial order. The Buyer reviews, signs,
and returns the executed SPA within seventy - two
(72) hours, confirming acceptance of the terms
3) The Seller provides their Certificate of Incorporation
along with the following PPOP documents :
Certificate of Product Origin
Refinery's Supply Commitment
Product Quality Passport ( Analysis Test Report )
Statement of Product Availability
Authorization to Physically Verify ( ATV )
4) The Seller coordinates with the delivering terminal to
arrange the product ' s physical inspection, inviting the
Buyer to attend at no cost . Upon successful inspection
, the delivering terminal issues the Tank Storage
Receipt ( TSR ) and Injection Report to the Buyer,
and both parties schedule the dip test on site .
Subsequently, the Seller issues the Dip Test
Authorization (DTA).
5) The Buyer's appointed inspector (eg: SGS,
Intertek, or Bureau Veritas ) conducts a Quality &
Quantity (Q&Q) analysis at the Buyer's expense on the
scheduled date. If the product meets the agreed
specifications, the Seller issues the following
documents:
Fresh SGS Report (dated within 48 hours )
Authority to Sell and Collect
NCNDA / IMFPA (if applicable)
6) The Buyer coordinates communication between the
delivering and receiving terminals, and a joint pre -
perational briefing is held to align all operational teams
on transfer procedures . Both terminals mutually agree
on a suitable injection date and exchange all reqired
documentation to confirm operational readiness and
compliance . The Transfer Nomination Sheet ( Injection
Schedule ) is then issued to the receiving terminal for
final planning and execution.
7) The delivering terminal transfers the product on
schedule to the Buyer ' s receiving terminal . Upon
completion, the delivering terminal issues a Tank
Discharge Certificate ( TDC ) and a post - transfer
Quality and Quantity ( Q & Q ) Report confirming the
delivered volume and product specifications, while the
receiving terminal issues a Tank Storage Receipt ( TSR )
to confirm the volume and quality of product received.
8) The Buyer shall remit full payment for the total
product quantity confirmed by the Q & Q Report via
MT103/TT( SWIFT ) within 48 hours. Upon
confirmation of funds, the Seller will issue payment
confirmation and, if applicable, settle all intermediary
fees within 48 hours.
9) The Seller provides a draft SPA for monthly R & E
(Roll & Extension ) deliveries . The Buyer approves the
SPA and issues an SBLC /MT760( irrevocable, non - transferable, auto -
revolving for 12 months ) covering the contract duration and scheduled
deliveries . The Buyer continues to make monthly payments after each
successful dip test and transfer confirmation via
MT103/TT( SWIFT ).
10) Subsequent deliveries proceed in accordance with
the contractual terms and agreed schedule.

Thank you.

Contact: Mr. Zhangshihua
Company: Ouzhong (Hubei) International Trade Limited

Posted on : 14-Jul-2025
Posted From : China

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