PROCEDURE ON
TTO: *2/8
1) Seller issues contract to buyer by means of electronic email.
Buyer signs the contract and sends the signed contract to seller
via electronic email for countersigning and attaches the following:
ATB FORMAT, INSPECTOR’S DETAIL AND TUG BOAT DETAILS [provide with
the proper legal identifications of the inspectors and supercargo
that will board the vessel for seller to prepare ATB passes]. The
electronic signed document is considered legally enforceable by
both parties and is to be deposited in their respective
banks.
3) Seller sends MARINE AUTHORITY TO BOARD
(MATB) and clearance for the buyer’s supercargo and inspectors to
come on board the vessel.
[The supercargo who is the person that the buyer gives the
responsibility to go on board and confirm product on board a loaded
vessel must be the same person on the marine ATB. Any change in the
initial plan should be sent to the seller in written format. The
supercargo and/or inspectors will come on board the loaded vessel
within *4 hours of receipt of MATB and
clearance.]
5) Seller
vessel captain takes buyer’s inspector on board loaded vessel at
buyer’s expense at agreed quality and quantity inspection point.
Inspector’s board loaded vessel and physically verifies and
confirms the content of the loaded vessel (DIP Test/Quality &
Quantity Inspection). Buyer/Buyer’s bank issues Swift MT***3 to
seller’s bank in favour of seller.
7)
Seller introduces buyer to vessel handlers for
re-chartering.
9) Subsequent
deliveries will follow the above
procedures
