Vessel take Over/ Tank Take Over with Usance LC
1)Buyer sends LOI.
2)Seller sends SCO.
3)Buyer Confirms Quote and sends ICPO
4)Seller issues Pro Forma invoice.
5)Buyer raises Usance LC with agreed schedule date against Proforma invoice of the total value of order within 24 hours after receiving Proforma.
6)Seller Prepares shipment within 40-50 days after confirmation of LC.
7)Seller ships the vessel and provides shipping documents to the bank.Buyer’s bank recieves documents, buyer performs dip test.
9)Buyer gives confirmation about the test report and buyer’s bank releases LC payment.
Property | Unit | Specification |
Cetane Number | - | Minimum 51 |
Density at 15°C | kg/m³ | 820 - 845 |
Viscosity at 40°C | mm²/s | 2.0 - 4.5 |
Flash Point | °C | Minimum 55 |
Cold Filter Plugging Point (CFPP) | °C | Varies by climate zone |
Sulfur Content | mg/kg | Maximum 10 |
Polycyclic Aromatic Hydrocarbons (PAH) | % by mass | Maximum 8 |
Lubricity (HFRR) | µm | Maximum 460 |
Distillation Recovery at 250°C | % by volume | Minimum 85 |
Distillation Recovery at 350°C | % by volume | Maximum 95 |
Ash Content | % by mass | Maximum 0.01 |
Water Content | mg/kg | Maximum 200 |