GHISU GROUP

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GHISU GROUP

via Sassari 102 - Alghero (SS) - Italy

VAT IT-01460940909

NO ADVANCE PAYMENT

Protocol  FOB TTT - TTV 

 

A sequential procedure for onboarding the buyer into the transaction — step by step, without deviating from the seller's selected procedure.

STEP 1 - Inizial documents & Agreements

 

Buyer submits CIS and TSA (Tank Storage Agreement) or CPA (Charter Party Agreement) for approval

STEP 2 - Buyer’s commitment

 

Buyer issues ICPO along with the CPA or TSA

 

Note: To initiate standard compliance onboarding, any Irrevocable Corporate Purchase Order (ICPO) submitted by the Buyer must strictly adhere to baseline legal protocols. The document must be executed on the Buyer's official corporate letterhead, bearing the signature and official corporate stamp of the legally authorized signatory. The full name and exact corporate position of the executive signing the document must be explicitly stated, and the corporate entity listed on the letterhead must perfectly match the designated Bank Account Holder on the corporate banking profile provided. Furthermore, the documents must be fresh, bearing an active issuance date no older than one to three banking days from the date of presentation. The document must also contain complete, active banking coordinates, including the direct contact names and operational communication lines for the processing Bank Officers. Failure to satisfy any oft hese verification criteria will immediately render the document legally void, resulting in an automatic compliance rejection.

STEP 3 - Seller's First Response

 

Seller issues a Commercial Invoice (CI) for the available quantity
Buyer must sign and return the CI within 48 hours

STEP 4 - POP (Proof of Product) Documents from Seller

 

  • Refinery Commitment Letter to Supply
  • Tank Storage Receipt (TSR)
  • Authorization to Verify (ATV)
  • Injection Report
  • Authorization to Sell and Collect (ATSC)

STEP 5 - Dip Test Authorization

 

  • Seller issues a formal READINESS TO INJECT (RTI) notice, which must be signed by the Buyer’s designated Tank Farm representative or, in the case of a Tank-to-Vessel (TTV)shipment, the Vessel Master. The signed acknowledgment constitutes authorization to proceed with the Dip Test
  • Seller issues Unconditional Dip Test Authorization (UDTA) to the Buyer
  • Buyer must coordinate the Dip Test within 48 hours via the Seller's Tank Farm on own discretion

 

Note: Before signing the RTI document, you can request an inspection of the product at the storage tanks through a representative/buyer. Following the inspection, the completed and signed RTI document must be submitted.
The request procedures for this possible variation will be communicated upon receipt of the CIS.

STEP 6 - Post-Dip Test – Final Documents Issued by Seller

 

  • Fresh SGS Report (not older than 48 hours)
  • Certificate of Origin
  • Product Passport

STEP 7 - Fee Protection & Non–Circumvention

 

  • Seller issues the NCNDA/IMFPA to all involved intermediaries for execution and registration

STEP 8 - Vessel or Tank Injection Preparation

 

  • Buyer sends CPA, vessel information, Q88, full captain details, and Readiness to Receive Fuel (RTRF), or TSR for Tank Injection

STEP 9 - Product injection and Transfer of Title

 

  • Seller coordinates injection into Vessel/Tank and issues the Title of Ownership
  • All export documents are provided

 

 

STEP 10 - Buyer pays via MT103 or TT wire transfer

 

STEP 11 - Commissions

 

  • Seller pays all intermediaries commissions within forty-eight (48) hours of receipt of the Buyer’s payment