FOB basis Procedures – All
TITLE TAKEOVER (TTO-VESSEL) WHEN VESSEL IS ON HIGH SEA – FOB PROCEDURE
Incoterms: FOB 2020 FOB TTO-T
Product location: Ex Vessel on high seas.
Mode of delivery: Title takeover (TTO-V) when Vessel is on high sea
Price basis: Negotiable on PLATTS Asia-pacific/Arab Gulf market scan FOB TTO-V Fujairah/Jurong Gasoil 10 ...
SHIP TO SHIP (STS) FOB PROCEDURE
Incoterms: FOB 2020 Ex Vessel Tank on high seas
Product location: In vessel tanks on High Seas.
Mode of delivery: Ship to Ship (STS)
Price basis: Negotiable on PLATTS Asia-pacific/Arab Gulf market scan FOB TTV Fujairah Gasoil 10 ppm ...
VESSEL TO TANK (VTT) FOB PROCEDURE
Incoterms: FOB 2020 FOB VTT
Product location: In Vessel tanks on high seas or at OPL
Mode of delivery: Vessel Tanker to Storage Tank (VTT)
Price basis: Negotiable on PLATTS Asia-pacific/Arab Gulf market scan FOB VTT Fujairah/Jurong Gasoil 10 ppm (AFUJP00).
Inspection: SGS/Intertek/Saybolt-Corelab or equivalent at seller’s ...
Storage Tank Title Take Over (ST-TTO) – Dip & Pay FOB Procedure
Incoterms: FOB 2020 Fujairah, Jurong, Rotterdam
Product location: In storage tanks at Fujairah, Jurong, Rotterdam
Mode of delivery: Ex-Storage tanks at load port- Fujairah, Jurong, Rotterdam (Tank to Vessel)
Price basis: Negotiable on PLATTS NWE/ Asia-pacific/Arab Gulf ...
TANK TO VESSEL (TTV) FOB PROCEDURE
Incoterms: FOB 2020 Fujairah, Jurong, Rotterdam
Product location: In shore tanks at Fujairah, UAE / Jurong, Singapore.
Mode of delivery: Ex-storage tanks at load port- Fujairah, Jurong, Rotterdam (Tank to Vessel)
Price basis: Negotiable on PLATTS of NWE, Asia-pacific/Arab Gulf market scan FOB ...
Tank-to-Tank (TTT) FOB Procedure
Co-payment by buyer and seller of buyer’s tanks. FOB transaction procedure for petroleum products, tank-to-tank within the port.
This procedure arose for two reasons. First. When suppliers bring their resource, for example, to Rotterdam, they discharge it into a ...
Tank to Tank (TTT) FOB (2nd Option) Procedure – POF via SWIFT
Confirmation of customer’s solvency via SWIFT. FOB transaction procedure with oil products, from tank to tank inside the port.
There are suppliers who only care about confirmation of the customer’s solvency, but ...