Approved Seller Procedure Options:
The following options are available to pre-qualified buyers as of (9/9/24).
Option # 1. For Buyers who have their trusted TSA.
Option # 2. For Buyers who don't have a trusted TSA or are working with the major tank farms that don't issue TSA (ex. Vopak, VTTI, etc).
Option # 3. For Buyers who require to buy CIF.
Option # 4. For Buyers who require Seller tank extension.
The options listed above cover all the posibilites available to make it posible for a qualified buyer to engage and conclude a transaction successfully with us along with great pricing.
WHY A BUYER NEEDS TO HAVE THEIR OWN TRUSTED LOGISTICS
Under the Port Authority's terms and conditions, it is imperative that the Seller/Title Holder confirms at least the readiness of the Buyer client's outbound logistics, so that it can register and pay the costs associated with the PPOP documents that must be presented to the Buyer, who must have the financial capacity to close the deal. These are the only documents that give you this possibility:
a) UDTA
b) TSR
c) ATV
d) Letter of invitation to visit the Seller's tanks.
None of the above documents can be registered before the Buyer and the Buyer’s tank farm sign the conditional DTA issued by the Seller which confirms outbound logistics or compliance with the product traceability policy.
In fact, if any "Seller" tells you that they can issue these documents without you paying for your own logistics, you should double check or suffer the consequences.
In short, the Buyer must prove their own logistical solvency before they can receive documents that allow them to enter and check the product inside the Seller's tanks.
The Seller only get paid after the Buyer verifies the quality and quantity of the product.