REF: IC.P.LLP/ORIGINAL/SCO-589390269053
ISSUED DATE: MARCH 31ST, 2024
EXPIRATION DATE: JULY 3RD, 2024
ORIGIN: KAZAKHSTAN
INCOTERMS: FOB / CIF/ TTO/ TTM/ TTV/ TTT
LOADING PORT: GOERGIAN/ U.A.E/ ROTTERDAM/ HOUSTON/ ASIAN PORTS
PAYMENT TERMS: T/T TELEGRAPHIC TRANSFER, BG OR SBLC, MT103.
INSPECTION: SGS, CIQ OR SIMILAR
COMMISSION: 50% / 50% - PAID BY SELLER
PRODUCT DISCRIPTIONS:
ISSUED DATE: MARCH 31ST, 2024
EXPIRATION DATE: JULY 3RD, 2024
SOFT CORPORATE OFFER
ORIGIN: KAZAKHSTAN
INCOTERMS: FOB / CIF/ TTO/ TTM/ TTV/ TTT
LOADING PORT: GOERGIAN/ U.A.E/ ROTTERDAM/ HOUSTON/ ASIAN PORTS
PAYMENT TERMS: T/T TELEGRAPHIC TRANSFER, BG OR SBLC, MT103.
INSPECTION: SGS, CIQ OR SIMILAR
COMMISSION: 50% / 50% - PAID BY SELLER
PRODUCT DISCRIPTIONS:
COMMODITY:
KAZAKHSTAN ULTRA LOW
SULFUR DIESEL EN590/10PPM
MIN TRIAL QUANTITY:
25,000 MT OR 50,000 MT FIRST SHIPMENT
MAX CONTRACT QUANTITY: 500,000 MT X 12 WITH ROLL & EXTENSION IF NEEDED BY BUYER
PACKING:
BULK CARRIER, VESSEL TANKER, OR BUYERS CHOICE
SPECIFICATIONS:
AS PER BUYER REQUEST
PAYMENT TERMS:
MT103 TT WIRE TRANSFER ACCORDING TO SELLER NOMINATED
ACCOUNT
PRICE CIF:
GROSS: $375 USD PER MT / NET: $365 USD PER MT
PRICE FOB:
GROSS: $365 USD PER MT / NET: $355 USD PER MT
COMMISSION:
BUYER SIDE: $5 USD / SELLER SIDE: $5 USD PER MT
C.I.F TRANSACTION GUARANTEE PROCEDURE – (1):
1. Buyer issues official ICPO with full banking details, Buyer International Passport Copy with company
CIS.
2. Seller verifies ICPO and issues Draft Sales and Purchase Agreement open for amendments to Buyer
if any.
3. Buyer reviews Draft Sales and Purchase Agreement, signs and returns with NCNDA+IMFPA signed
by all buyers’ intermediaries to seller.
4. Seller approved and sealed Draft Sales and Purchase Agreement (SPA). (The Approved (SPA IN
PDF) will be sent along with the below PPOP via secured e-mail if needed by Buyer while Legalized /
Notarized (SPA) is issued only along with full (POP) after payment instrument or cash payment has
been received and confirmed because we don’t Legalized / Notarized SPA twice.
5. Seller provide below PPOP documents;
A. Certificate of Origin
B. Company Registration Certificate
C. Statement of Availability of the Product
D. Product Passport
E. Commitment to Supply
KAZAKHSTAN ULTRA LOW
SULFUR DIESEL EN590/10PPM
MIN TRIAL QUANTITY:
25,000 MT OR 50,000 MT FIRST SHIPMENT
MAX CONTRACT QUANTITY: 500,000 MT X 12 WITH ROLL & EXTENSION IF NEEDED BY BUYER
PACKING:
BULK CARRIER, VESSEL TANKER, OR BUYERS CHOICE
SPECIFICATIONS:
AS PER BUYER REQUEST
PAYMENT TERMS:
MT103 TT WIRE TRANSFER ACCORDING TO SELLER NOMINATED
ACCOUNT
PRICE CIF:
GROSS: $375 USD PER MT / NET: $365 USD PER MT
PRICE FOB:
GROSS: $365 USD PER MT / NET: $355 USD PER MT
COMMISSION:
BUYER SIDE: $5 USD / SELLER SIDE: $5 USD PER MT
C.I.F TRANSACTION GUARANTEE PROCEDURE – (1):
1. Buyer issues official ICPO with full banking details, Buyer International Passport Copy with company
CIS.
2. Seller verifies ICPO and issues Draft Sales and Purchase Agreement open for amendments to Buyer
if any.
3. Buyer reviews Draft Sales and Purchase Agreement, signs and returns with NCNDA+IMFPA signed
by all buyers’ intermediaries to seller.
4. Seller approved and sealed Draft Sales and Purchase Agreement (SPA). (The Approved (SPA IN
PDF) will be sent along with the below PPOP via secured e-mail if needed by Buyer while Legalized /
Notarized (SPA) is issued only along with full (POP) after payment instrument or cash payment has
been received and confirmed because we don’t Legalized / Notarized SPA twice.
5. Seller provide below PPOP documents;
A. Certificate of Origin
B. Company Registration Certificate
C. Statement of Availability of the Product
D. Product Passport
E. Commitment to Supply
F. Pro-Forma Invoice
6. Within 7(Seven) banking days upon confirmation of seller's Partial POP documents, buyer issues
SBLC via MT760 or DLC via MT700.
NOTED: If buyer fails to issue SBLC VIA MT760 OR DLC VIA MT700 within 7(Seven) banking days,
in alternative Buyer shall make guarantee deposit of USD 500,000 to Seller's Nominated bank account
as performance guarantee to secure and finalized shipments with the shipping company to Buyer
destination port which will be deducted from the first shipment value.
7. Within 3(three) banking days upon receiving SBLC, seller's bank issues 2% Performance Bond (PB)
& Full POP documents listed below to buyer's bank; via SWIFT:
A. Product allocation Export Permit.
B. Allocation Title Ownership Certificate.
C. Transneft Contract to transport the product to loading port.
D. Port Storage Agreement.
E. Charter party Agreement to transport the product to discharge port.
F. Tank Storage Receipt.
G. SGS Quality and Quantity Certificates.
H. Commercial Invoice.
I. Bill of Lading
J. Vessel questionnaire 88 (Q88)
K. Product Export License for Allocation
L. Product Allocation Certificate.
M. Legalized / Notarized (SPA)
8. Shipment commences as per contract schedule.
9. Upon arrival of vessel at discharge port, buyer conducts SGS Inspection and makes full payment via
MT103/TT for one month shipment within 5(five) days after CIQ or SGS at the destination port.
10. Seller pays commission to Intermediaries according to NCNDA/IMFPA signed by all parties within
48 hours upon receiving payment from buyer's bank. The following shipment proceed accordingly for
subsequent twelve (12) months.
C.I.F INJECTION PROCEDURE,KAZAKHSTAN
GEORGIA,RUSSIAN,ROTTERDAM,ASIAN PORTS–(2)
1. Buyer issues official ICPO with full banking details, Buyer International Passport Copy with company
CIS.
6. Within 7(Seven) banking days upon confirmation of seller's Partial POP documents, buyer issues
SBLC via MT760 or DLC via MT700.
NOTED: If buyer fails to issue SBLC VIA MT760 OR DLC VIA MT700 within 7(Seven) banking days,
in alternative Buyer shall make guarantee deposit of USD 500,000 to Seller's Nominated bank account
as performance guarantee to secure and finalized shipments with the shipping company to Buyer
destination port which will be deducted from the first shipment value.
7. Within 3(three) banking days upon receiving SBLC, seller's bank issues 2% Performance Bond (PB)
& Full POP documents listed below to buyer's bank; via SWIFT:
A. Product allocation Export Permit.
B. Allocation Title Ownership Certificate.
C. Transneft Contract to transport the product to loading port.
D. Port Storage Agreement.
E. Charter party Agreement to transport the product to discharge port.
F. Tank Storage Receipt.
G. SGS Quality and Quantity Certificates.
H. Commercial Invoice.
I. Bill of Lading
J. Vessel questionnaire 88 (Q88)
K. Product Export License for Allocation
L. Product Allocation Certificate.
M. Legalized / Notarized (SPA)
8. Shipment commences as per contract schedule.
9. Upon arrival of vessel at discharge port, buyer conducts SGS Inspection and makes full payment via
MT103/TT for one month shipment within 5(five) days after CIQ or SGS at the destination port.
10. Seller pays commission to Intermediaries according to NCNDA/IMFPA signed by all parties within
48 hours upon receiving payment from buyer's bank. The following shipment proceed accordingly for
subsequent twelve (12) months.
C.I.F INJECTION PROCEDURE,KAZAKHSTAN
GEORGIA,RUSSIAN,ROTTERDAM,ASIAN PORTS–(2)
1. Buyer issues official ICPO with full banking details, Buyer International Passport Copy with company
CIS.
2. Seller Issue Draft Contract (SPA) Sales and Purchase Agreement for Both Parties Final Endorsement.
3. Seller approved and sealed Draft Sales and Purchase Agreement (SPA).(The Approved (SPA IN PDF)
will be sent along with the below PPOP via secured e-mail if needed by Buyer while Legalized /
Notarized (SPA) is issued only along with full (POP) after payment has been received and confirmed
because we don’t Legalized / Notarized SPA twice.
(a) CONFIRMATION / COMMITMENT LETTER TO SUPPLY,
(b) TANK RECEIPT
(c) CERTIFICATE OF ORIGIN OF THE PRODUCT,
(d) STATEMENT OF AVAILABILITY OF THE PRODUCT,
(e) PRODUCT PASSPORT
4. After successful proper verifications of the above documents within 48hours buyer pays Security
Guarantee fee via MT103 TT Wire Transfer to enable Seller commence the Injection of the product into
vessel that will transport the product to buyer’s nominated port.
5. Upon successful confirmation of buyer’s payment. Seller commenced loading of the products into
Buyer’s nominated tank or vessel and shipment commences to Buyer destination port. And seller sends
to buyer all the full POP documents below. (Seller also endorses NCNDA/IMFPA signed by all parties
and lodge to their bank respectively.
A. Copy of License to Export, Issued By the Department of the Ministry of Energy.
B. Copy of Approval to Export, Issued By the Department of the Ministry of Justice.
C. Copy of Statement of Availability of the Product.
D. Copy of the Refinery Commitment to Produce the Product.
E. Copy of the Contract to Transport the Product to the Port.
F. Copy of the Port Storage Agreement.
G. Dip test Authorization.
H. Tank receipt
I. SGS report
J. Legalized / Notarized (SPA)
6. After successful Q&Q by buyer at the discharge port, buyer pays seller through MT103/TT.
7. After successful confirmation of buyer’s payment to seller nominated bank account, seller pays
Intermediaries commissions within 72 hours of receiving of receiving buyer’s payment for the product.
3. Seller approved and sealed Draft Sales and Purchase Agreement (SPA).(The Approved (SPA IN PDF)
will be sent along with the below PPOP via secured e-mail if needed by Buyer while Legalized /
Notarized (SPA) is issued only along with full (POP) after payment has been received and confirmed
because we don’t Legalized / Notarized SPA twice.
(a) CONFIRMATION / COMMITMENT LETTER TO SUPPLY,
(b) TANK RECEIPT
(c) CERTIFICATE OF ORIGIN OF THE PRODUCT,
(d) STATEMENT OF AVAILABILITY OF THE PRODUCT,
(e) PRODUCT PASSPORT
4. After successful proper verifications of the above documents within 48hours buyer pays Security
Guarantee fee via MT103 TT Wire Transfer to enable Seller commence the Injection of the product into
vessel that will transport the product to buyer’s nominated port.
5. Upon successful confirmation of buyer’s payment. Seller commenced loading of the products into
Buyer’s nominated tank or vessel and shipment commences to Buyer destination port. And seller sends
to buyer all the full POP documents below. (Seller also endorses NCNDA/IMFPA signed by all parties
and lodge to their bank respectively.
A. Copy of License to Export, Issued By the Department of the Ministry of Energy.
B. Copy of Approval to Export, Issued By the Department of the Ministry of Justice.
C. Copy of Statement of Availability of the Product.
D. Copy of the Refinery Commitment to Produce the Product.
E. Copy of the Contract to Transport the Product to the Port.
F. Copy of the Port Storage Agreement.
G. Dip test Authorization.
H. Tank receipt
I. SGS report
J. Legalized / Notarized (SPA)
6. After successful Q&Q by buyer at the discharge port, buyer pays seller through MT103/TT.
7. After successful confirmation of buyer’s payment to seller nominated bank account, seller pays
Intermediaries commissions within 72 hours of receiving of receiving buyer’s payment for the product.
C.I.F TRANSACTION GUARANTEE PROCEDURE FOR ALLOCATION BOOKING –(3):
1. Buyer issues official ICPO with full banking details, Buyer International Passport Copy with company
CIS.
2. Seller verifies ICPO and issue Draft Contract (SPA) open for amendments to Buyer if any.
3. Buyer reviews Draft Sales and Purchase Agreement, signs and returns with NCNDA+IMFPA signed
by all buyers’ intermediaries to seller.
4. Seller approved and sealed Draft Sales and Purchase Agreement (SPA).(The Approved (SPA IN PDF)
will be sent along with the below PPOP via secured e-mail if needed by Buyer while Legalized /
Notarized (SPA) is issued only along with full (POP) after payment has been received and confirmed
because we don’t Legalized / Notarized SPA twice:
(a) CONFIRMATION / COMMITMENT LETTER TO SUPPLY,
(b) TANK RECEIPT
(c) CERTIFICATE OF ORIGIN OF THE PRODUCT,
(d) STATEMENT OF AVAILABILITY OF THE PRODUCT,
(e) PRODUCT PASSPORT
(f) PRODUCT ALLOCATION BOOKING PAYMENT INVOICE
5. Upon receipt of the above document by buyer within 48 hours, buyer Proceeds’ on the Booking of
Allocation via MT103 TT Wire Transfer.
6. Seller confirms payment and proceeds with booking of the product Allocation and issues to Buyer the
following documents:
(A) COMPANY EXPORT LICENSE AND/COMPANY REGISTRATION CERTIFICATE
(B) CONFIRMED QUOTA, ALLOCATION AND ALLOCATION EXPORT CODE AND CUSTOMS
CLEARANCE CERTICATE
7. Seller Appoints and signs Charter Party Agreement with the Shipping Company which will be an
open and interwoven information between the Exit Seller/Refinery and exit Buyer for readiness of the
shipping commencement.
8. Buyer Bank swift SBLC MT760 to Seller bank via MT 799, Seller Bank Open Communication with
Buyers bank and provides, the Full Proof of Product listed below:
(a) CHARTER PARTY AGREEMENT (CPA)
(b) SGS REPORT.
(c) DIP TEST ANALYSIS
(d) VESSEL Q88/BILL OF LADING
(e) ULLAGE REPORT/VESSEL MANIFEST
(f) CUSTOMS EXPORT CLEARANCE CERTIFICATE.
1. Buyer issues official ICPO with full banking details, Buyer International Passport Copy with company
CIS.
2. Seller verifies ICPO and issue Draft Contract (SPA) open for amendments to Buyer if any.
3. Buyer reviews Draft Sales and Purchase Agreement, signs and returns with NCNDA+IMFPA signed
by all buyers’ intermediaries to seller.
4. Seller approved and sealed Draft Sales and Purchase Agreement (SPA).(The Approved (SPA IN PDF)
will be sent along with the below PPOP via secured e-mail if needed by Buyer while Legalized /
Notarized (SPA) is issued only along with full (POP) after payment has been received and confirmed
because we don’t Legalized / Notarized SPA twice:
(a) CONFIRMATION / COMMITMENT LETTER TO SUPPLY,
(b) TANK RECEIPT
(c) CERTIFICATE OF ORIGIN OF THE PRODUCT,
(d) STATEMENT OF AVAILABILITY OF THE PRODUCT,
(e) PRODUCT PASSPORT
(f) PRODUCT ALLOCATION BOOKING PAYMENT INVOICE
5. Upon receipt of the above document by buyer within 48 hours, buyer Proceeds’ on the Booking of
Allocation via MT103 TT Wire Transfer.
6. Seller confirms payment and proceeds with booking of the product Allocation and issues to Buyer the
following documents:
(A) COMPANY EXPORT LICENSE AND/COMPANY REGISTRATION CERTIFICATE
(B) CONFIRMED QUOTA, ALLOCATION AND ALLOCATION EXPORT CODE AND CUSTOMS
CLEARANCE CERTICATE
7. Seller Appoints and signs Charter Party Agreement with the Shipping Company which will be an
open and interwoven information between the Exit Seller/Refinery and exit Buyer for readiness of the
shipping commencement.
8. Buyer Bank swift SBLC MT760 to Seller bank via MT 799, Seller Bank Open Communication with
Buyers bank and provides, the Full Proof of Product listed below:
(a) CHARTER PARTY AGREEMENT (CPA)
(b) SGS REPORT.
(c) DIP TEST ANALYSIS
(d) VESSEL Q88/BILL OF LADING
(e) ULLAGE REPORT/VESSEL MANIFEST
(f) CUSTOMS EXPORT CLEARANCE CERTIFICATE.
(g) LEGALIZED / NOTARIZED (SPA)
9. Shipment Commences as Scheduled in the Final Contract, Seller clears Vessels from the commercials
terminal (Kazakhstan Shore), buyer confirms shipping documents with ship master while seller Effects
delivery to buyer destination according to contract schedule.
10. Vessel arrives at destination port and Buyer conduct inspection on the goods. Upon confirmation of
product quality and quantity at unloading port, Buyer release payment to Seller by TT/MT103 within
three (3) banking days after the discharge of the cargo at the destination port and CIQ /SGS inspection.
11. Seller release payment to all intermediaries as per signed NCNDA/IMFPA within 48 hours of
receiving the payment for the product from the Buyer's bank.
PROCEDURE: FOR TABLE TOP MEETING (TTM) IN REFINERY’S OFFICE
1. Buyer confirms SCO and issue official ICPO with banking detail.
2. Sellers verify ICPO and issue Draft Contract open for amendments to Buyer.
3. Buyer review Draft Contract signs and returns with Buyer's international passport copy and
NCNDA+IMFPA to seller.
4. Seller legalized the signed Contract with the Ministry for approval and sends the scan copy of the
Approved Draft Contract via secured e-mail to buyer.
5. Upon buyer receipt of the Approved contract buyer within 24 hours buyer issue official letter of
readiness to pay for the Booking of Allocation of the product via MT103 TT Wire in other for buyer
company name as the allocation title holder of product.
6. Within 24 hours of receipt of buyer letter of readiness to pay for the booking allocation of product,
sellers issue allocation invoice to Buyer Company proceed with the payment.
7. Upon confirmation of allocation in buyer company name, seller issues invitation to the buyer and two
of his representative to visit the refinery office for Top Table Meeting and signing of the necessary
documents related to the finalization of the transaction.
8. After Top Table Meeting, seller bank issue non-operative 2%PB & Full POP documents listed below
to buyer bank; via SWIFT.
A. Copy of License to Export, Issued By the Department of the Ministry of Energy.
B. Copy of Approval to Export, Issued By the Department of the Ministry of Justice.
C. Copy of Statement of Availability of the Product.
D. Copy of the Refinery Commitment to Produce the Product.
E. Copy of the OJSC AK Transnet Contract to Transportthe Product to the Port.
F. Copy of the Port Storage Agreement.
G. Copy of the Charter Party Agreement (S) To Transport the Product to Discharge Port.
9. Shipment Commences as Scheduled in the Final Contract, Seller clears Vessels from the commercials
terminal (Kazakhstan Shore), buyer confirms shipping documents with ship master while seller Effects
delivery to buyer destination according to contract schedule.
10. Vessel arrives at destination port and Buyer conduct inspection on the goods. Upon confirmation of
product quality and quantity at unloading port, Buyer release payment to Seller by TT/MT103 within
three (3) banking days after the discharge of the cargo at the destination port and CIQ /SGS inspection.
11. Seller release payment to all intermediaries as per signed NCNDA/IMFPA within 48 hours of
receiving the payment for the product from the Buyer's bank.
PROCEDURE: FOR TABLE TOP MEETING (TTM) IN REFINERY’S OFFICE
1. Buyer confirms SCO and issue official ICPO with banking detail.
2. Sellers verify ICPO and issue Draft Contract open for amendments to Buyer.
3. Buyer review Draft Contract signs and returns with Buyer's international passport copy and
NCNDA+IMFPA to seller.
4. Seller legalized the signed Contract with the Ministry for approval and sends the scan copy of the
Approved Draft Contract via secured e-mail to buyer.
5. Upon buyer receipt of the Approved contract buyer within 24 hours buyer issue official letter of
readiness to pay for the Booking of Allocation of the product via MT103 TT Wire in other for buyer
company name as the allocation title holder of product.
6. Within 24 hours of receipt of buyer letter of readiness to pay for the booking allocation of product,
sellers issue allocation invoice to Buyer Company proceed with the payment.
7. Upon confirmation of allocation in buyer company name, seller issues invitation to the buyer and two
of his representative to visit the refinery office for Top Table Meeting and signing of the necessary
documents related to the finalization of the transaction.
8. After Top Table Meeting, seller bank issue non-operative 2%PB & Full POP documents listed below
to buyer bank; via SWIFT.
A. Copy of License to Export, Issued By the Department of the Ministry of Energy.
B. Copy of Approval to Export, Issued By the Department of the Ministry of Justice.
C. Copy of Statement of Availability of the Product.
D. Copy of the Refinery Commitment to Produce the Product.
E. Copy of the OJSC AK Transnet Contract to Transportthe Product to the Port.
F. Copy of the Port Storage Agreement.
G. Copy of the Charter Party Agreement (S) To Transport the Product to Discharge Port.
H. Dip test Authorization,
I. Tank receipt
J. SGS report.
9. Upon receipt of the non-operative 2%PB & Full (POP) by buyer's bank issue SBLC via MT760 to
Seller's bank for first monthly shipment to seller nominated bank to guarantee shipment.
10. Shipment commences as per contract schedule.
11. Within 5 working days of Vessel arrival, buyer release full payment via MT103/TT for one Month
shipment after CIQ or SGS at the destination port.
OPERATIONAL PROCEDURE FOR FOB ASIAN PORTS
1. Buyer issues ICPO with company registration certificate and buyer's Passport and Vessel or Tank
details in Asian Port.
2. Seller Issue to Buyer:
(a) Commercial Invoiced Product Information’s or product
location Area,
(b) Certificate of incorporation
(c) Product Passport
(d) Commitment Letter to supply
(e) Guarantee payment invoice via MT103 TT Wire Transfer
(f) ATSC
(g) Statement of Product Availability
3. Buyer signs returns along with NCNDA/IMFPA signed by all parties and Guarantee payment slip
copy for confirmation.
4. Seller confirms Guarantee payment then registers and legalized the Commercial Invoice (CI) and
NCNDA /IMFPA with The appropriate Authorities.
5. Seller Issue to Buyer the NOR (Notice of Readiness) to Commence the Injection of the product
through Pipe-Line along with below POP documents:
a) Product Passport (Dip Test)
b) Certificate of Origin
c) Proforma Invoice
d) Refinery commitment to supply
e) Authorization To Sell (ATS)
I. Tank receipt
J. SGS report.
9. Upon receipt of the non-operative 2%PB & Full (POP) by buyer's bank issue SBLC via MT760 to
Seller's bank for first monthly shipment to seller nominated bank to guarantee shipment.
10. Shipment commences as per contract schedule.
11. Within 5 working days of Vessel arrival, buyer release full payment via MT103/TT for one Month
shipment after CIQ or SGS at the destination port.
OPERATIONAL PROCEDURE FOR FOB ASIAN PORTS
1. Buyer issues ICPO with company registration certificate and buyer's Passport and Vessel or Tank
details in Asian Port.
2. Seller Issue to Buyer:
(a) Commercial Invoiced Product Information’s or product
location Area,
(b) Certificate of incorporation
(c) Product Passport
(d) Commitment Letter to supply
(e) Guarantee payment invoice via MT103 TT Wire Transfer
(f) ATSC
(g) Statement of Product Availability
3. Buyer signs returns along with NCNDA/IMFPA signed by all parties and Guarantee payment slip
copy for confirmation.
4. Seller confirms Guarantee payment then registers and legalized the Commercial Invoice (CI) and
NCNDA /IMFPA with The appropriate Authorities.
5. Seller Issue to Buyer the NOR (Notice of Readiness) to Commence the Injection of the product
through Pipe-Line along with below POP documents:
a) Product Passport (Dip Test)
b) Certificate of Origin
c) Proforma Invoice
d) Refinery commitment to supply
e) Authorization To Sell (ATS)
f) Fresh SGS Report
g) Export License
6. Seller provides to Buyer pipeline Company while Buyer contact the pipeline Company to signed
Pipeline lease agreement.
7. Buyer finalized on the Pipe-line and provides vessel details or TSR + ATV and ATI then Seller
commence with the injection through the pipeline into Buyer Vessel or Tanks and sends injection report
(in the name of Buyer as Consignee).
8. Seller issue DTA and buyer carry out inspection through SGS Agent.
9. Buyer Successful carry Q&Q Dip
Test on the product, Buyer makes the payment of the Total Value
of the Product injected into the Tanks Through the means of MT103-TT WIRE TRANSFER.
10. Upon Seller Receipt of the Payment, Seller issue to Buyer Title Ownership of the product and Full
(POP) document of the product.
11. Buyer Lift the product with its Vessel Tanker.
12. Seller Pays All Intermediary Involved as NCNDA/IMFPA in the Transaction, and Subsequently
Monthly Shipment Continues as per Terms and Conditions.
FOB TANK TO TANK INJECTION AGREEMENT (TTTAI) TRANSACTION PROCEDURE
1. Buyer accepts seller working procedure and issue ICPO addressed to the seller refinery.
2. Seller issues commercial invoice (CI), Buyer signs and returns back commercial invoice and tank
storage agreement (TSA).
3. Seller provide buyer with the below listed PPOP.
A. Product Passport (product analysis report)
B. Irrevocable Commitment Letter to Supplier
C. Statement of Product Availability
D. Tank to Tank Injection Agreement (TTTIA) to be signed by buyer tank farm
4. Seller provide to buyer with:
(a) SGS Report
(b) Injection Report
(c) Tank Storage Receipt (TSR)
(D) Unconditional Dip Test Authorization (UDTA).
5. (NCNDA/IMFPA) will be signed, buyer within 24 hours after successful dip test in seller tanks
provide tank storage receipt (TSR) seller proceed for Tank to Tank injection and provide buyer with the
injection report of the product into buyer tanks.
g) Export License
6. Seller provides to Buyer pipeline Company while Buyer contact the pipeline Company to signed
Pipeline lease agreement.
7. Buyer finalized on the Pipe-line and provides vessel details or TSR + ATV and ATI then Seller
commence with the injection through the pipeline into Buyer Vessel or Tanks and sends injection report
(in the name of Buyer as Consignee).
8. Seller issue DTA and buyer carry out inspection through SGS Agent.
9. Buyer Successful carry Q&Q Dip
Test on the product, Buyer makes the payment of the Total Value
of the Product injected into the Tanks Through the means of MT103-TT WIRE TRANSFER.
10. Upon Seller Receipt of the Payment, Seller issue to Buyer Title Ownership of the product and Full
(POP) document of the product.
11. Buyer Lift the product with its Vessel Tanker.
12. Seller Pays All Intermediary Involved as NCNDA/IMFPA in the Transaction, and Subsequently
Monthly Shipment Continues as per Terms and Conditions.
FOB TANK TO TANK INJECTION AGREEMENT (TTTAI) TRANSACTION PROCEDURE
1. Buyer accepts seller working procedure and issue ICPO addressed to the seller refinery.
2. Seller issues commercial invoice (CI), Buyer signs and returns back commercial invoice and tank
storage agreement (TSA).
3. Seller provide buyer with the below listed PPOP.
A. Product Passport (product analysis report)
B. Irrevocable Commitment Letter to Supplier
C. Statement of Product Availability
D. Tank to Tank Injection Agreement (TTTIA) to be signed by buyer tank farm
4. Seller provide to buyer with:
(a) SGS Report
(b) Injection Report
(c) Tank Storage Receipt (TSR)
(D) Unconditional Dip Test Authorization (UDTA).
5. (NCNDA/IMFPA) will be signed, buyer within 24 hours after successful dip test in seller tanks
provide tank storage receipt (TSR) seller proceed for Tank to Tank injection and provide buyer with the
injection report of the product into buyer tanks.
6. Buyer make payment for total cost of product injected into buyer tanks via MT103, Seller transfer
title ownership to buyer with all exportation documents required of buyer for the transaction.
7. Upon conclusion of first lift transaction seller pays all intermediaries involved in the Transaction and
proceeds with the signing of contract with Buyer.
FOB TRANSACTION PROCEDURE SELLER TANK EXTENSION
(1) Buyer sends ICPO to Seller on receipt of Seller's Soft Corporate Offer.
(2) Seller issues to Buyer:
(a) Commercial Invoice CI, for the available quantity
(b) Certificate of Incorporation
(c) Certificate of Origin
(d) Commitment Letter to Supply
(e) Statement of Product Availability to supply
(f) ATSC
(3) Buyer, Buyer Signs and returns to Seller with NCNDA/IMFPA signed by all buyer groups with
commission structures.
(4) Seller issues to Buyer Tank extension payment invoice for the minimum of 5 days, Buyer proceed
with Tank payment extension and return transfer evidence copy.
(5) Seller issues Dip Test Authorization letter sign by all parties including buyer and Seller only.
(6) Upon the sign of DTA by all parties Seller and Buyer, Seller issues to Buyer.
(a) Fresh SGS Report,
(b) Tank receipt,
(c) Injection Report,
(d) Export License,
(e) Refinery Reservoir Receipt
(7) Buyer order SGS to Conduct Dip test of the product in the Seller Tank on buyer expense upon
successful dip test, Buyer provides vessel details or Tank details, Seller shall immediately submit the
(SGS) inspection Report along with the full Proof of Product (POP) to the Buyer
title ownership to buyer with all exportation documents required of buyer for the transaction.
7. Upon conclusion of first lift transaction seller pays all intermediaries involved in the Transaction and
proceeds with the signing of contract with Buyer.
FOB TRANSACTION PROCEDURE SELLER TANK EXTENSION
(1) Buyer sends ICPO to Seller on receipt of Seller's Soft Corporate Offer.
(2) Seller issues to Buyer:
(a) Commercial Invoice CI, for the available quantity
(b) Certificate of Incorporation
(c) Certificate of Origin
(d) Commitment Letter to Supply
(e) Statement of Product Availability to supply
(f) ATSC
(3) Buyer, Buyer Signs and returns to Seller with NCNDA/IMFPA signed by all buyer groups with
commission structures.
(4) Seller issues to Buyer Tank extension payment invoice for the minimum of 5 days, Buyer proceed
with Tank payment extension and return transfer evidence copy.
(5) Seller issues Dip Test Authorization letter sign by all parties including buyer and Seller only.
(6) Upon the sign of DTA by all parties Seller and Buyer, Seller issues to Buyer.
(a) Fresh SGS Report,
(b) Tank receipt,
(c) Injection Report,
(d) Export License,
(e) Refinery Reservoir Receipt
(7) Buyer order SGS to Conduct Dip test of the product in the Seller Tank on buyer expense upon
successful dip test, Buyer provides vessel details or Tank details, Seller shall immediately submit the
(SGS) inspection Report along with the full Proof of Product (POP) to the Buyer
(8) Buyer makes 100% payment by MT103 TT wire transfer for the total product and Seller pays
Commission to all intermediaries involved in the transaction within 24 hours after confirmation of the
Buyer Payment.
CI DIP & PAY- NON-NEGOTIATABLE FOB FUJAIRAH AND ROTTERDAM
PROCEDURE
1. Buyer sends ICPO to Seller on receipt of Seller's Soft Corporate Offer.
2. Seller issues commercial invoice CI, for the available quantity to Buyer, Buyer Signs and returns to
Seller with TSA and NCNDA/IMFPA signed by all buyer groups with commission structures.
3. Seller issues, Dip Test Authorization letter sign by all parties including buyers tank farm. (Note: If
Buyer TSA doesn’t meet with seller verification’s, Buyer have no other choice than to extend on our
tanks to Enable Buyer dip and lift from our tanks.
4. Upon the sign of DTA by all parties Seller issues fresh SGS Report, Tank receipt, Injection Report,
Certificate of Origin, Refinery Reservoir Receipt.
5. Buyer order SGS to Conduct Dip test of the product in the Seller Tank on buyer expense upon
successful dip test, Buyer provide vessel details or Tank details, Seller shall immediately submit the
(SGS) inspection Report along with the full Proof of Product (POP) to the Buyer.
6. Buyer makes 100% payment by MT103 TT wire transfer for the total product and Seller pays
Commission to all intermediaries involved in the transaction within 24 hours after confirmation of the
Buyer Payment.
TTO ROCEDURE FOR LOADED VESSEL TANKER TO ANY SAFE WORLD PORT
1. Buyer Receive SCO and Issues ICPO with banking detail including Company Registration Certificate
of Incorporation with Buyer international passport copy to Seller.
2. Seller approved Buyer ICPO and issues original MOU to the Buyer within 24.
3. Buyer countersigns the original MOU and send back to the Seller.
4. Seller nominated an Escrow account which Buyer will sign the (ESCROW AGREEMENT AND
FINALIZED ON THE AGREEMENT PAYMENT WHICH WILL BE PAID IMMIDIATELY
ESCROW AGREEMENT SIGNED INTO ATTORNEY NOMINATED ACCOUNT.)
5. Seller issues below documents to the Buyer:
A) Certificate of Product Origin
B) Product Passport (Quantity & Quality Dip Test Analysis Report)
C) Certificate of Incorporation
D) Commitment Letter to Supply
E) Statement of Product Availability to supply
F) ATSC
Commission to all intermediaries involved in the transaction within 24 hours after confirmation of the
Buyer Payment.
CI DIP & PAY- NON-NEGOTIATABLE FOB FUJAIRAH AND ROTTERDAM
PROCEDURE
1. Buyer sends ICPO to Seller on receipt of Seller's Soft Corporate Offer.
2. Seller issues commercial invoice CI, for the available quantity to Buyer, Buyer Signs and returns to
Seller with TSA and NCNDA/IMFPA signed by all buyer groups with commission structures.
3. Seller issues, Dip Test Authorization letter sign by all parties including buyers tank farm. (Note: If
Buyer TSA doesn’t meet with seller verification’s, Buyer have no other choice than to extend on our
tanks to Enable Buyer dip and lift from our tanks.
4. Upon the sign of DTA by all parties Seller issues fresh SGS Report, Tank receipt, Injection Report,
Certificate of Origin, Refinery Reservoir Receipt.
5. Buyer order SGS to Conduct Dip test of the product in the Seller Tank on buyer expense upon
successful dip test, Buyer provide vessel details or Tank details, Seller shall immediately submit the
(SGS) inspection Report along with the full Proof of Product (POP) to the Buyer.
6. Buyer makes 100% payment by MT103 TT wire transfer for the total product and Seller pays
Commission to all intermediaries involved in the transaction within 24 hours after confirmation of the
Buyer Payment.
TTO ROCEDURE FOR LOADED VESSEL TANKER TO ANY SAFE WORLD PORT
1. Buyer Receive SCO and Issues ICPO with banking detail including Company Registration Certificate
of Incorporation with Buyer international passport copy to Seller.
2. Seller approved Buyer ICPO and issues original MOU to the Buyer within 24.
3. Buyer countersigns the original MOU and send back to the Seller.
4. Seller nominated an Escrow account which Buyer will sign the (ESCROW AGREEMENT AND
FINALIZED ON THE AGREEMENT PAYMENT WHICH WILL BE PAID IMMIDIATELY
ESCROW AGREEMENT SIGNED INTO ATTORNEY NOMINATED ACCOUNT.)
5. Seller issues below documents to the Buyer:
A) Certificate of Product Origin
B) Product Passport (Quantity & Quality Dip Test Analysis Report)
C) Certificate of Incorporation
D) Commitment Letter to Supply
E) Statement of Product Availability to supply
F) ATSC
G) Tank Storage Receipt (TSR)
H) (20%) Payment Invoice for the trial quantity
6. Buyer proceeds with (20%) payment of the total trial quantity into Seller nominated Escrow account.
7. Seller confirms payment and Commenced loading and issues the following Shipping documents via
email or Seller's bank to the Buyer's bank:
A) Full Set (3 originals and 3 copies) of clean on-board Bills of Lading made out to order; bank endorsed
and marked “freight pre-paid”, indicating the name of the carrying vessel with the End Buyer as the
“Notifying party”.
B) Tanker Vessel Q88 Document
C) Ullage Report
D) Cargo Manifest
E) Fresh SGS
F) Marine Cargo Declaration Filled/Signed and Registered Form.
G) Charter Party Agreement (CPA)
5. Buyer's shipping agent makes contact with vessel master to verify and confirm above POP
documents/vessel position.
6. Buyer's bank transmits payment for the balance cargo value to Seller's bank via SWIFT MT103/TT
after successful Quality and Quantity inspection and at sight of complete set of original shipping
documents at Buyer's discharge port within 24 hours.
7. Seller's transfers Title ownership to the Buyer after payment Receipt confirmation by the Seller's
bank.
VESSEL TO VESSEL OR FLOATING TANKER ANY SAFE WORLD PORT
1. Buyer issues ICPO along with Buyer’s, Company Registration Certificate of Incorporation with Buyer
international passport copy and Vessel tanker details in Asian Port.
2. Seller Issue Commercial Invoiced of the floating vessel, or on the high Sea.
(A) Export License,
(B) Product Passport (Dip Test)
(C) Commitment Letter to supply
(D) Guarantee payment invoice via MT103 TT WIRE TRANSFER
(E) Statement of Product Availability
3. Buyer signs returns along with NCNDA/IMFPA signed by all parties and Guarantee payment transfer
copy MT103 TT WIRE TRANSFER for confirmation.
4. Seller registers and legalizes the contract and NCNDA /IMFPA with the appropriate Authorities.
H) (20%) Payment Invoice for the trial quantity
6. Buyer proceeds with (20%) payment of the total trial quantity into Seller nominated Escrow account.
7. Seller confirms payment and Commenced loading and issues the following Shipping documents via
email or Seller's bank to the Buyer's bank:
A) Full Set (3 originals and 3 copies) of clean on-board Bills of Lading made out to order; bank endorsed
and marked “freight pre-paid”, indicating the name of the carrying vessel with the End Buyer as the
“Notifying party”.
B) Tanker Vessel Q88 Document
C) Ullage Report
D) Cargo Manifest
E) Fresh SGS
F) Marine Cargo Declaration Filled/Signed and Registered Form.
G) Charter Party Agreement (CPA)
5. Buyer's shipping agent makes contact with vessel master to verify and confirm above POP
documents/vessel position.
6. Buyer's bank transmits payment for the balance cargo value to Seller's bank via SWIFT MT103/TT
after successful Quality and Quantity inspection and at sight of complete set of original shipping
documents at Buyer's discharge port within 24 hours.
7. Seller's transfers Title ownership to the Buyer after payment Receipt confirmation by the Seller's
bank.
VESSEL TO VESSEL OR FLOATING TANKER ANY SAFE WORLD PORT
1. Buyer issues ICPO along with Buyer’s, Company Registration Certificate of Incorporation with Buyer
international passport copy and Vessel tanker details in Asian Port.
2. Seller Issue Commercial Invoiced of the floating vessel, or on the high Sea.
(A) Export License,
(B) Product Passport (Dip Test)
(C) Commitment Letter to supply
(D) Guarantee payment invoice via MT103 TT WIRE TRANSFER
(E) Statement of Product Availability
3. Buyer signs returns along with NCNDA/IMFPA signed by all parties and Guarantee payment transfer
copy MT103 TT WIRE TRANSFER for confirmation.
4. Seller registers and legalizes the contract and NCNDA /IMFPA with the appropriate Authorities.
(Notice Of Readiness To Inject)
(b) Certificate of Origin
(c) Proforma Invoice
(d) Refinery certificate to supply
(e) Indigenous analysis Report
(f) Authorization To Sell (ATS)
(g) Fresh SGS Report
6. Seller provides to Buyer Agent Company in charge of injection while Buyer contact the Injection
Agent Company and finalized on the agreement.
7. Buyer finalized on the Injection Agent Company and provides vessel details or TSR + ATV and ATI
then Seller commence with the injection through the Tank To Tank injection into Buyer Vessel or Tanks
and sends injection report (in the name of Buyer as Consignee).
8. Seller issue DTA and buyer carry out inspection through SGS Agent.
9. Buyer Successful carry Q&Q Dip Test on the product, Buyer makes the payment for the Total Value
of the Product injected into the Tanks Through the means of MT103-TT WIRE TRANSFER.
10. Upon Seller Receipt of the Payment, Seller issue to Buyer Title Ownership of the product and Export
document of the product etc.
11. Buyer Lift the product with its Vessel Tanker.
12. Seller Pays All Intermediary Involved as NCNDA/IMFPA in the Transaction, and Subsequently
Monthly Shipment Continues as per Terms and Conditions.
FOB TRANSACTION PROCEDURE TANK TO VESSEL
1. Buyer sends ICPO to Seller on receipt of Seller's Soft Corporate Offer.
2. Seller issues commercial invoice CI, for the available quantity to Buyer and ICC WARNING
LETTER, Buyer Signs and returns to Seller along with NCNDA/IMFPA signed by all buyer groups
with commission structures to issue the deal true Tank to Vessel.
3. Seller receives signed CI with
NCNDA/IMFPA issues to Buyer (3days) Seller tank extension payment invoice for immediate storage
payment.
4. Buyer proceeds with payment and send back transfer evidence confirmation copy to Seller for
confirmations and storage activations.
5. Seller Legalized/Register PPOP documents including UDTA with the ministry of energy and issue to
Buyer:
(A) Product passpor
(b) Certificate of Origin
(c) Proforma Invoice
(d) Refinery certificate to supply
(e) Indigenous analysis Report
(f) Authorization To Sell (ATS)
(g) Fresh SGS Report
6. Seller provides to Buyer Agent Company in charge of injection while Buyer contact the Injection
Agent Company and finalized on the agreement.
7. Buyer finalized on the Injection Agent Company and provides vessel details or TSR + ATV and ATI
then Seller commence with the injection through the Tank To Tank injection into Buyer Vessel or Tanks
and sends injection report (in the name of Buyer as Consignee).
8. Seller issue DTA and buyer carry out inspection through SGS Agent.
9. Buyer Successful carry Q&Q Dip Test on the product, Buyer makes the payment for the Total Value
of the Product injected into the Tanks Through the means of MT103-TT WIRE TRANSFER.
10. Upon Seller Receipt of the Payment, Seller issue to Buyer Title Ownership of the product and Export
document of the product etc.
11. Buyer Lift the product with its Vessel Tanker.
12. Seller Pays All Intermediary Involved as NCNDA/IMFPA in the Transaction, and Subsequently
Monthly Shipment Continues as per Terms and Conditions.
FOB TRANSACTION PROCEDURE TANK TO VESSEL
1. Buyer sends ICPO to Seller on receipt of Seller's Soft Corporate Offer.
2. Seller issues commercial invoice CI, for the available quantity to Buyer and ICC WARNING
LETTER, Buyer Signs and returns to Seller along with NCNDA/IMFPA signed by all buyer groups
with commission structures to issue the deal true Tank to Vessel.
3. Seller receives signed CI with
NCNDA/IMFPA issues to Buyer (3days) Seller tank extension payment invoice for immediate storage
payment.
4. Buyer proceeds with payment and send back transfer evidence confirmation copy to Seller for
confirmations and storage activations.
5. Seller Legalized/Register PPOP documents including UDTA with the ministry of energy and issue to
Buyer:
(A) Product passpor
(B) Certificate of Origin
(C) Refinery commitment Letter to supply
(D) Company Certificate of Incorporation
(E) Unconditional Dip Test Authorization (UDTA)
(F) Fresh SGS Report
(G) Tank Storage Receipt (TSR)
6. Buyer verifies documents and proceeds with dip test in the Sellers tanks according to tank numbers
in the TSR.
7. Buyer provides Q88 and Authorization to inject from the shipping company.
8. Seller shall immediately submit the (SGS or INTERTEK) inspection Report along with the full Proof
of Product (POP) to the Buyer including Notice of Readiness To Inject.
9. Seller commences injection into Buyer vessel and issued Injection Report to Buyer.
10. Upon the confirmation of the total quantity Injected into buyers’ vessel, Buyer makes 100% payment
by MT103 TT wiretransfer for the total product.
11. Seller pays Commission to all intermediaries involved inthe transaction within 24 hours after
confirmation of theBuyer Payment
(C) Refinery commitment Letter to supply
(D) Company Certificate of Incorporation
(E) Unconditional Dip Test Authorization (UDTA)
(F) Fresh SGS Report
(G) Tank Storage Receipt (TSR)
6. Buyer verifies documents and proceeds with dip test in the Sellers tanks according to tank numbers
in the TSR.
7. Buyer provides Q88 and Authorization to inject from the shipping company.
8. Seller shall immediately submit the (SGS or INTERTEK) inspection Report along with the full Proof
of Product (POP) to the Buyer including Notice of Readiness To Inject.
9. Seller commences injection into Buyer vessel and issued Injection Report to Buyer.
10. Upon the confirmation of the total quantity Injected into buyers’ vessel, Buyer makes 100% payment
by MT103 TT wiretransfer for the total product.
11. Seller pays Commission to all intermediaries involved inthe transaction within 24 hours after
confirmation of theBuyer Payment