CLIENT to provide a Letter of Intend, an updated corporate profile and business license. CLIENT also to provide a product specification sheet and supplier/refinery/exporter details in full OR a refinery commitment letter.
Texas Storage Holdings LLC will send a lease agreement for the CLIENT's signature.
The CLIENT will sign and return the lease agreement, confirming their commitment to the transaction.
Once ready to rent or lease the tank for transaction purposes, the CLIENT is required to make an immediate payment.
After payment is completed, the CLIENT should send an official bank transfer slip or receipt to Texas Storage Holdings LLC to confirm the transaction.
Upon receipt of payment in Texas Storage Holdings LLC designated account, a Tank Storage Receipt (TSR) will be provided to the CLIENT within 36 business hours.
Texas Storage Holdings LLC will initiate communication with the CLIENT's supplier/refinery/exporter to establish an injection schedule.
Once the initial reception of the petroleum product (FIRST SPLASH) from the pipeline into the tanks is completed, the number of days paid for by the LESSEE Company will begin counting as the storage period for the petroleum product.
The LESSEE Company will provide their inspection team to conduct a dip test inspection, confirming the quality and quantity of the petroleum product received from the pipeline system into the tanks. They may lift the petroleum product from the tank at any time during the validity of the days for which the LESSEE Company has paid.
