REF: IC.P.LLP/ORIGINAL/SCO-589390269053
ISSUED DATE: MARCH 31ST, 2024
EXPIRATION DATE: JULY 3RD, 2024
DELIVERY: CIF, FOB, TTO, CI DIP & PAY
ORIGIN: KAZAKHSTAN
INSPECTION: Quality and Quantity inspection will Be Conducted at the Loading Port by SGS or equivalent
PAYMENT METHOD: DLC MT700/ 760 /SBLC MT700/760 /BG700 / 760 /TT, MT103
PORT: QINGDAO, ZHOUSHAN, ROTTERDAM, HOUSTON, FUJIARAH and SINGAPORE.
SHIPMENT METHOD: Via Pipeline, Tanker Vessel, Bulk, Truck, and Rail Way Delivery
PRODUCT DISCRIPTIONS:
Products:
ULTRA‐LOW SULPHUR DIESEL EN590
MINIMUM QUANTITY
20,000 METRIC TONS
MAXIMUM QUANTITY
300,000 METRIC TONS
CIF PRICE
GROSS USD $410.00 MT NET: USD $ 400.00 MT
FOB PRICE
GROSS USD $ 400.00 MT NET: USD $ 395.00 MT
ISSUED DATE: MARCH 31ST, 2024
EXPIRATION DATE: JULY 3RD, 2024
SOFT CORPORATE OFFER
DELIVERY: CIF, FOB, TTO, CI DIP & PAY
ORIGIN: KAZAKHSTAN
INSPECTION: Quality and Quantity inspection will Be Conducted at the Loading Port by SGS or equivalent
PAYMENT METHOD: DLC MT700/ 760 /SBLC MT700/760 /BG700 / 760 /TT, MT103
PORT: QINGDAO, ZHOUSHAN, ROTTERDAM, HOUSTON, FUJIARAH and SINGAPORE.
SHIPMENT METHOD: Via Pipeline, Tanker Vessel, Bulk, Truck, and Rail Way Delivery
PRODUCT DISCRIPTIONS:
Products:
ULTRA‐LOW SULPHUR DIESEL EN590
MINIMUM QUANTITY
20,000 METRIC TONS
MAXIMUM QUANTITY
300,000 METRIC TONS
CIF PRICE
GROSS USD $410.00 MT NET: USD $ 400.00 MT
FOB PRICE
GROSS USD $ 400.00 MT NET: USD $ 395.00 MT
Products:
JET A1 FUEL
MINIMUM QUANTITY
500,000 BARRELS PER MONTH
MAXIMUM QUANTITY
5,000,000 BARRELS PER MONTH
CIF PRICE is
GROSS USD $ 94.00BBL NET/ USD $90.00 NET ON CIF
FOB PRICE
GROSS USD $ 90.00BBL NET / USD $86.00 NET ON FOB
JET A1 FUEL
MINIMUM QUANTITY
500,000 BARRELS PER MONTH
MAXIMUM QUANTITY
5,000,000 BARRELS PER MONTH
CIF PRICE is
GROSS USD $ 94.00BBL NET/ USD $90.00 NET ON CIF
FOB PRICE
GROSS USD $ 90.00BBL NET / USD $86.00 NET ON FOB
FREE ON BOARD (FOB) 2 TANK TO VESSEL/DIP AND PAY PROCEDURE
1)The Buyer sends an official ICPO on receipt and acceptance of the Seller's SCO Offer alongside with
the buyer's CPA.
2)The Seller Issues Commercial Invoice (C I) for the Buyer's endorsement.
3)The Buyer officially signs and returns the CI back to the Seller Refinery via Email.
4)The Seller issues the following PPOP documents to the Buyer,
•DTA - DIP TEST AUTHORIZATION
•PRODUCT PASSPORT - PRODUCT ANALYSIS REPORT ISSUED BY THE REFINERY.
•STATEMENT OF PRODUCT AVAILABILITY
•COMMITMENT LETTER TO SUPPLY
•ATV – AUTHORITY TO VERIFY THE EXISTENCE OF PRODUCT VIA EMAIL OR PHONE CALL.
(4i) The Buyer extends Seller Tank Storage for a minimum of 2-3days.
(4ii) The Buyer contacts the Seller’s Tank Farm Storage Facility Administrator, for the Payment Invoice
of the Tank Storage leasing extension, for a minimum of 2-3days, Via MT103 TT WIRE TRANSFER, which
will enable the Buyer to obtain a VALID TSR to conduct Dip Test in the Storage Terminal Lab, SGS
REPORT AT THE LOADING , INJECTION REPORTS ANALYSIS, as well as to register to execute the Quality
& Quantity of the product in the Tank Farm Storage and Prior to the Inspection for Full
Access/Authorization Codes, completeTank Certification and full Tank information, which will enable
the Buyer’s SGS TEAM, to gain access into the Terminal Lab to inspect and conduct Dip Test in the Tank
Terminal Lab.
(4iii) NOTE: SELLER DON’T ISSUE TO FIRST TIME BUYER SGS REPORT DOCUMENT AND INJECTIONS
REPORT ANALYSIS, UNTIL AFTER SELLER’S TANK IS EXTENDED OR LEASED FOR A MINIMUM OF 2-3
DAYS.
5) Immediately after a Successful Dip Test Inspection in the Seller’s Tank Farm Storage Facility, the
Buyer Submits NOR from their Shipping / Cargo Company and Seller Injects the product into the Buyer
Vessel or the Buyer takes over the sellers Tanks.
6) The Seller releases the Complete FULL POP Documents to the Buyer, including the following
documents: • Resource-confirmation Letter (issued by the End-Refinery) etc.
7) The Buyer issues 100% payment for the total value cost of product by MT103/TT Wire Transfer to
the Seller
1)The Buyer sends an official ICPO on receipt and acceptance of the Seller's SCO Offer alongside with
the buyer's CPA.
2)The Seller Issues Commercial Invoice (C I) for the Buyer's endorsement.
3)The Buyer officially signs and returns the CI back to the Seller Refinery via Email.
4)The Seller issues the following PPOP documents to the Buyer,
•DTA - DIP TEST AUTHORIZATION
•PRODUCT PASSPORT - PRODUCT ANALYSIS REPORT ISSUED BY THE REFINERY.
•STATEMENT OF PRODUCT AVAILABILITY
•COMMITMENT LETTER TO SUPPLY
•ATV – AUTHORITY TO VERIFY THE EXISTENCE OF PRODUCT VIA EMAIL OR PHONE CALL.
(4i) The Buyer extends Seller Tank Storage for a minimum of 2-3days.
(4ii) The Buyer contacts the Seller’s Tank Farm Storage Facility Administrator, for the Payment Invoice
of the Tank Storage leasing extension, for a minimum of 2-3days, Via MT103 TT WIRE TRANSFER, which
will enable the Buyer to obtain a VALID TSR to conduct Dip Test in the Storage Terminal Lab, SGS
REPORT AT THE LOADING , INJECTION REPORTS ANALYSIS, as well as to register to execute the Quality
& Quantity of the product in the Tank Farm Storage and Prior to the Inspection for Full
Access/Authorization Codes, completeTank Certification and full Tank information, which will enable
the Buyer’s SGS TEAM, to gain access into the Terminal Lab to inspect and conduct Dip Test in the Tank
Terminal Lab.
(4iii) NOTE: SELLER DON’T ISSUE TO FIRST TIME BUYER SGS REPORT DOCUMENT AND INJECTIONS
REPORT ANALYSIS, UNTIL AFTER SELLER’S TANK IS EXTENDED OR LEASED FOR A MINIMUM OF 2-3
DAYS.
5) Immediately after a Successful Dip Test Inspection in the Seller’s Tank Farm Storage Facility, the
Buyer Submits NOR from their Shipping / Cargo Company and Seller Injects the product into the Buyer
Vessel or the Buyer takes over the sellers Tanks.
6) The Seller releases the Complete FULL POP Documents to the Buyer, including the following
documents: • Resource-confirmation Letter (issued by the End-Refinery) etc.
7) The Buyer issues 100% payment for the total value cost of product by MT103/TT Wire Transfer to
the Seller
8) THE SELLER PAYS ALL INTERMEDIARIES INVOLVED IN THE TRANSACTION.
9) The Seller issues annual (12 months) delivery contract for review and acceptance.
FREE ON BOARD (FOB) 1 TANK TO TANK
1. BUYER ISSUES AN OFFICIAL ICPO ALONG WITH TANK STORAGE AGREEMENT (TSA) ACCOMPANIED
BY COMPANY CERTIFICATE OF REGISTRATION AND VALID MEANS OF IDENTIFICATION.
2. SELLER ISSUES:
• COMMERCIAL INVOICE (CI) FOR THE AVAILABLE QUANTITY IN THE STORAGE TANK
• PRODUCT PASSPORT (PRODUCT ANALYSIS REPORT)
• STATEMENT OF AVAILABILITY OF PRODUCT
• AUTHORITY TO VERIFY (ATV) VIA EMAIL OR PHONE CALL.
3. BUYER RETURNS THE COMMERCIAL INVOICE AND NOR DULY SIGNED BY THE BUYER AND
BUYER’S LOGISTIC COMPANY.
4. SELLER ISSUES TO THE BUYER THE LISTED BELOW DOCUMENTS:
• UNCONDITIONAL DIP TEST AUTHORIZATION (DTA)
• FRESH SGS INSPECTION REPORT
• INJECTION REPORT
• CERTIFICATE OF ORIGIN
• NOTARIZED AND ENDORSE NCNDA/IMFPA
• AUTHORIZATION TO SELL &COLLECT (ATSC)
• TANK STORAGE RECEIPT (TSR)
• COMMITMENT LETTER TO SUPPLY
5. (OPTIONAL) BUYER SGS TEAM RE-CONDUCTS DIP TEST INSPECTION ON THE PRODUCT IN SELLER
STORAGE TANKS ON BUYER EXPENSE
6. UPON SUCCESSFUL DIP TEST INSPECTION, BUYER PAYS FOR THE TOTAL PRODUCT VALUE AND SELLER
IMMEDIATELY TRANSFER THE TITLE OF PRODUCT OWNERSHIP TO BUYER WITH ALL EXPORT
DOCUMENTS.
7. SELLER IMMEDIATELY COMMENCES INJECTION OF THE PRODUCT INTO BUYER’S TANKS
8. SELLER PAYS INTERMEDIARIES
COST, INSURANCE, FREIGHT PROCEDURES
1.BUYER’S ISSUES IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) ADDRESSED TO THE
SELLER'S REFINERY ALONG WITH COMPANY PROFILE AND BUYER PASSPORT.
2.SELLER ISSUES THE DRAFT SPA FOR BUYER'S REVIEW AND SIGNING
3.SELLER LEGALIZES AND REGISTERS THE CONTRACTS WITH THE INSURANCE COMPANY AND
NOTARIZES THEM WITH THE APPROPRIATE AUTHORITIES OF THE MINISTRY OF ENERGY ALONG
WITH THE BELOW PPOP DOCUMENT.
A. QUALITY PASSPORT QUALITY CERTIFICATE
9) The Seller issues annual (12 months) delivery contract for review and acceptance.
FREE ON BOARD (FOB) 1 TANK TO TANK
1. BUYER ISSUES AN OFFICIAL ICPO ALONG WITH TANK STORAGE AGREEMENT (TSA) ACCOMPANIED
BY COMPANY CERTIFICATE OF REGISTRATION AND VALID MEANS OF IDENTIFICATION.
2. SELLER ISSUES:
• COMMERCIAL INVOICE (CI) FOR THE AVAILABLE QUANTITY IN THE STORAGE TANK
• PRODUCT PASSPORT (PRODUCT ANALYSIS REPORT)
• STATEMENT OF AVAILABILITY OF PRODUCT
• AUTHORITY TO VERIFY (ATV) VIA EMAIL OR PHONE CALL.
3. BUYER RETURNS THE COMMERCIAL INVOICE AND NOR DULY SIGNED BY THE BUYER AND
BUYER’S LOGISTIC COMPANY.
4. SELLER ISSUES TO THE BUYER THE LISTED BELOW DOCUMENTS:
• UNCONDITIONAL DIP TEST AUTHORIZATION (DTA)
• FRESH SGS INSPECTION REPORT
• INJECTION REPORT
• CERTIFICATE OF ORIGIN
• NOTARIZED AND ENDORSE NCNDA/IMFPA
• AUTHORIZATION TO SELL &COLLECT (ATSC)
• TANK STORAGE RECEIPT (TSR)
• COMMITMENT LETTER TO SUPPLY
5. (OPTIONAL) BUYER SGS TEAM RE-CONDUCTS DIP TEST INSPECTION ON THE PRODUCT IN SELLER
STORAGE TANKS ON BUYER EXPENSE
6. UPON SUCCESSFUL DIP TEST INSPECTION, BUYER PAYS FOR THE TOTAL PRODUCT VALUE AND SELLER
IMMEDIATELY TRANSFER THE TITLE OF PRODUCT OWNERSHIP TO BUYER WITH ALL EXPORT
DOCUMENTS.
7. SELLER IMMEDIATELY COMMENCES INJECTION OF THE PRODUCT INTO BUYER’S TANKS
8. SELLER PAYS INTERMEDIARIES
COST, INSURANCE, FREIGHT PROCEDURES
1.BUYER’S ISSUES IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) ADDRESSED TO THE
SELLER'S REFINERY ALONG WITH COMPANY PROFILE AND BUYER PASSPORT.
2.SELLER ISSUES THE DRAFT SPA FOR BUYER'S REVIEW AND SIGNING
3.SELLER LEGALIZES AND REGISTERS THE CONTRACTS WITH THE INSURANCE COMPANY AND
NOTARIZES THEM WITH THE APPROPRIATE AUTHORITIES OF THE MINISTRY OF ENERGY ALONG
WITH THE BELOW PPOP DOCUMENT.
A. QUALITY PASSPORT QUALITY CERTIFICATE
8) THE SELLER PAYS ALL INTERMEDIARIES INVOLVED IN THE TRANSACTION.
9) The Seller issues annual (12 months) delivery contract for review and acceptance.
FREE ON BOARD (FOB) 1 TANK TO TANK
1. BUYER ISSUES AN OFFICIAL ICPO ALONG WITH TANK STORAGE AGREEMENT (TSA) ACCOMPANIED
BY COMPANY CERTIFICATE OF REGISTRATION AND VALID MEANS OF IDENTIFICATION.
2. SELLER ISSUES:
• COMMERCIAL INVOICE (CI) FOR THE AVAILABLE QUANTITY IN THE STORAGE TANK
• PRODUCT PASSPORT (PRODUCT ANALYSIS REPORT)
• STATEMENT OF AVAILABILITY OF PRODUCT
• AUTHORITY TO VERIFY (ATV) VIA EMAIL OR PHONE CALL.
3. BUYER RETURNS THE COMMERCIAL INVOICE AND NOR DULY SIGNED BY THE BUYER AND
BUYER’S LOGISTIC COMPANY.
4. SELLER ISSUES TO THE BUYER THE LISTED BELOW DOCUMENTS:
• UNCONDITIONAL DIP TEST AUTHORIZATION (DTA)
• FRESH SGS INSPECTION REPORT
• INJECTION REPORT
• CERTIFICATE OF ORIGIN
• NOTARIZED AND ENDORSE NCNDA/IMFPA
• AUTHORIZATION TO SELL &COLLECT (ATSC)
• TANK STORAGE RECEIPT (TSR)
• COMMITMENT LETTER TO SUPPLY
5. (OPTIONAL) BUYER SGS TEAM RE-CONDUCTS DIP TEST INSPECTION ON THE PRODUCT IN SELLER
STORAGE TANKS ON BUYER EXPENSE
6. UPON SUCCESSFUL DIP TEST INSPECTION, BUYER PAYS FOR THE TOTAL PRODUCT VALUE AND SELLER
IMMEDIATELY TRANSFER THE TITLE OF PRODUCT OWNERSHIP TO BUYER WITH ALL EXPORT
DOCUMENTS.
7. SELLER IMMEDIATELY COMMENCES INJECTION OF THE PRODUCT INTO BUYER’S TANKS
8. SELLER PAYS INTERMEDIARIES
COST, INSURANCE, FREIGHT PROCEDURES
1.BUYER’S ISSUES IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) ADDRESSED TO THE
SELLER'S REFINERY ALONG WITH COMPANY PROFILE AND BUYER PASSPORT.
2.SELLER ISSUES THE DRAFT SPA FOR BUYER'S REVIEW AND SIGNING
3.SELLER LEGALIZES AND REGISTERS THE CONTRACTS WITH THE INSURANCE COMPANY AND
NOTARIZES THEM WITH THE APPROPRIATE AUTHORITIES OF THE MINISTRY OF ENERGY ALONG
WITH THE BELOW PPOP DOCUMENT.
A. QUALITY PASSPORT QUALITY CERTIFICATE
9) The Seller issues annual (12 months) delivery contract for review and acceptance.
FREE ON BOARD (FOB) 1 TANK TO TANK
1. BUYER ISSUES AN OFFICIAL ICPO ALONG WITH TANK STORAGE AGREEMENT (TSA) ACCOMPANIED
BY COMPANY CERTIFICATE OF REGISTRATION AND VALID MEANS OF IDENTIFICATION.
2. SELLER ISSUES:
• COMMERCIAL INVOICE (CI) FOR THE AVAILABLE QUANTITY IN THE STORAGE TANK
• PRODUCT PASSPORT (PRODUCT ANALYSIS REPORT)
• STATEMENT OF AVAILABILITY OF PRODUCT
• AUTHORITY TO VERIFY (ATV) VIA EMAIL OR PHONE CALL.
3. BUYER RETURNS THE COMMERCIAL INVOICE AND NOR DULY SIGNED BY THE BUYER AND
BUYER’S LOGISTIC COMPANY.
4. SELLER ISSUES TO THE BUYER THE LISTED BELOW DOCUMENTS:
• UNCONDITIONAL DIP TEST AUTHORIZATION (DTA)
• FRESH SGS INSPECTION REPORT
• INJECTION REPORT
• CERTIFICATE OF ORIGIN
• NOTARIZED AND ENDORSE NCNDA/IMFPA
• AUTHORIZATION TO SELL &COLLECT (ATSC)
• TANK STORAGE RECEIPT (TSR)
• COMMITMENT LETTER TO SUPPLY
5. (OPTIONAL) BUYER SGS TEAM RE-CONDUCTS DIP TEST INSPECTION ON THE PRODUCT IN SELLER
STORAGE TANKS ON BUYER EXPENSE
6. UPON SUCCESSFUL DIP TEST INSPECTION, BUYER PAYS FOR THE TOTAL PRODUCT VALUE AND SELLER
IMMEDIATELY TRANSFER THE TITLE OF PRODUCT OWNERSHIP TO BUYER WITH ALL EXPORT
DOCUMENTS.
7. SELLER IMMEDIATELY COMMENCES INJECTION OF THE PRODUCT INTO BUYER’S TANKS
8. SELLER PAYS INTERMEDIARIES
COST, INSURANCE, FREIGHT PROCEDURES
1.BUYER’S ISSUES IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) ADDRESSED TO THE
SELLER'S REFINERY ALONG WITH COMPANY PROFILE AND BUYER PASSPORT.
2.SELLER ISSUES THE DRAFT SPA FOR BUYER'S REVIEW AND SIGNING
3.SELLER LEGALIZES AND REGISTERS THE CONTRACTS WITH THE INSURANCE COMPANY AND
NOTARIZES THEM WITH THE APPROPRIATE AUTHORITIES OF THE MINISTRY OF ENERGY ALONG
WITH THE BELOW PPOP DOCUMENT.
A. QUALITY PASSPORT QUALITY CERTIFICATE
B.CERTIFICATE OF PRODUCT ORIGIN.
C.PRODUCT AVAILABILITY
D.COMMITMENT LETTER TO SUPPLY THE PRODUCT FROM KAZAKHSTAN REPUBLIC.
3.BUYER’S BANK PER SELLER’S VERBIAGE SHALL ISSUE SBLC/DLC WITHIN SIX (6) WORKING DAYS
FOR FIRST SHIPMENT’S VALUE TO SELLER’S FINANCIAL BANK TO ENABLE THE SELLER TO
COMMENCE LOADING OF A PRODUCT WITH THE SHIPPING COMPANY. SELLER TO FINALIZE
LOADING WITHIN FIVE (5) WORKING DAYS. BUT IF THE BUYER FAILS TO ISSUE SBLC/DLC WITHIN
SIX (6) WORKING DAYS, AS AN ALTERNATIVE PROVISION BUYER PAYS $480.000 DIRECTLY TO THE
SHIPPING COMPANY VIA MT103 AS A TRANSACTION GUARANTEE WHICH WILL BE DEDUCTED
FROM THE PRODUCT’S INVOICE VALUE OF THE PRODUCT AT THE DESTINATION PORT.
4. AFTER CONFIRMATION BY SELLER’S BANK, THE SELLER AT OWN EXPENSE, CHARTERS WITH
SHIPPING/LOGISTIC COMPANY AND ALERT BUYER ON SHIPMENT ORDERED GRAPHIC/SCHEDULE
ACCOMPANIED WITH THE SUBMISSION OF NOMINATED VESSEL DETAILS TO THE BUYER.
5. SELLER’S BANK RESPONDS WITH CONTRACTUAL OPERATIVE 2% PB AND FULL POP TO BUYER’S
BANK WITHIN SEVENTY -TWO (72) HOURS SINCE BUYER’S INSTRUMENT CONFIRMED BY SELLER’S
BANK.
A) COPY OF THE PORT STORAGE AGREEMENT.
B) COPY OF THE CPA, TO TRANSPORT THE PRODUCT TO DISCHARGE PORT.
C) VESSEL Q88.
D) ORIGINAL BL (FULL SET)
E) COPY OF SGS REPORT.
6. UPON SUCCESSFUL PRODUCT CONFIRMATION AGAINST THE SGS/CIQ REPORT OF QUALITY AND
QUANTITY AT THE DESTINATION PORT, THE BUYER MAKES PAYMENT BY MT103.
7. SELLER AND BUYER, WITHIN SEVENTY-TWO (72) HOURS, THE SELLER PAYS COMMISSIONS TO
THE SELLER SIDE AND THE BUYER PAYS BUYER SIDE INTERMEDIARIES INVOLVED IN THE TRANSACTION
TTO (TITLE TAKEOVER) PROCEDURE
1. BUYER ISSUES IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO).
2. SELLER ISSUES DRAFT (MOU) AGREEMENT TO BUYER COUNTER-SIGN AND RETURN BACK TO
SELLER.
3. UPON SELLER RECEIPT OF SIGN MOU- CONTRACT FROM THE BUYER, SELLER LEGALIZES THE
AGREEMENT.
4. SELLER SENDS TO BUYER THE FOLLOWING DOCUMENTS FOR BUYER'S CONFIRMATION.
C.PRODUCT AVAILABILITY
D.COMMITMENT LETTER TO SUPPLY THE PRODUCT FROM KAZAKHSTAN REPUBLIC.
3.BUYER’S BANK PER SELLER’S VERBIAGE SHALL ISSUE SBLC/DLC WITHIN SIX (6) WORKING DAYS
FOR FIRST SHIPMENT’S VALUE TO SELLER’S FINANCIAL BANK TO ENABLE THE SELLER TO
COMMENCE LOADING OF A PRODUCT WITH THE SHIPPING COMPANY. SELLER TO FINALIZE
LOADING WITHIN FIVE (5) WORKING DAYS. BUT IF THE BUYER FAILS TO ISSUE SBLC/DLC WITHIN
SIX (6) WORKING DAYS, AS AN ALTERNATIVE PROVISION BUYER PAYS $480.000 DIRECTLY TO THE
SHIPPING COMPANY VIA MT103 AS A TRANSACTION GUARANTEE WHICH WILL BE DEDUCTED
FROM THE PRODUCT’S INVOICE VALUE OF THE PRODUCT AT THE DESTINATION PORT.
4. AFTER CONFIRMATION BY SELLER’S BANK, THE SELLER AT OWN EXPENSE, CHARTERS WITH
SHIPPING/LOGISTIC COMPANY AND ALERT BUYER ON SHIPMENT ORDERED GRAPHIC/SCHEDULE
ACCOMPANIED WITH THE SUBMISSION OF NOMINATED VESSEL DETAILS TO THE BUYER.
5. SELLER’S BANK RESPONDS WITH CONTRACTUAL OPERATIVE 2% PB AND FULL POP TO BUYER’S
BANK WITHIN SEVENTY -TWO (72) HOURS SINCE BUYER’S INSTRUMENT CONFIRMED BY SELLER’S
BANK.
A) COPY OF THE PORT STORAGE AGREEMENT.
B) COPY OF THE CPA, TO TRANSPORT THE PRODUCT TO DISCHARGE PORT.
C) VESSEL Q88.
D) ORIGINAL BL (FULL SET)
E) COPY OF SGS REPORT.
6. UPON SUCCESSFUL PRODUCT CONFIRMATION AGAINST THE SGS/CIQ REPORT OF QUALITY AND
QUANTITY AT THE DESTINATION PORT, THE BUYER MAKES PAYMENT BY MT103.
7. SELLER AND BUYER, WITHIN SEVENTY-TWO (72) HOURS, THE SELLER PAYS COMMISSIONS TO
THE SELLER SIDE AND THE BUYER PAYS BUYER SIDE INTERMEDIARIES INVOLVED IN THE TRANSACTION
TTO (TITLE TAKEOVER) PROCEDURE
1. BUYER ISSUES IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO).
2. SELLER ISSUES DRAFT (MOU) AGREEMENT TO BUYER COUNTER-SIGN AND RETURN BACK TO
SELLER.
3. UPON SELLER RECEIPT OF SIGN MOU- CONTRACT FROM THE BUYER, SELLER LEGALIZES THE
AGREEMENT.
4. SELLER SENDS TO BUYER THE FOLLOWING DOCUMENTS FOR BUYER'S CONFIRMATION.
(A) BILL OF LADING- (IN THE NAME OF
PREVIOUS BUYER AS CONSIGNEE.)
(B) VESSEL TANKER DETAILS.
(C) PRODUCT PASSPORT- DIP- TEST REPORT.
(D) PROFORMA INVOICE.
(E) 5% PAYMENT DEPOSIT INVOICE.
(F) CARGO MANIFEST.
(G) CARGO ULLAGE REPORT.
(H) Q88.
5. BUYER CONFIRMS THE GOODS DOCUMENT AND MAKES 5% DOWN DEPOSIT WHICH STANDS AS
AN ALLOCATION AND SECURITY GUARANTEE PAYMENT TO THE SELLER NOMINATED BANK BY T/
T WIRE TRANSFER 3 BANKING DAYS TO ENABLE SELLER CHANGE EVERY DOCUMENT TO BUYER'S
NAME AND INSTRUCT THE VESSEL CAPTAIN TO RE-ROUTE THE VESSEL TO THE NEW BUYER'S
DESTINATION PORT. THE 5% DEPOSIT PAYMENT MADE SHALL BE DEDUCTED FROM THE TOTAL
PAYMENT VALUE OF THE TAKEOVER PRODUCT.
6.SELLER RELEASES A FRESH DATED DIP- TEST AUTHORIZATION- DTA TO BUYER TO ORDER SGS
INSPECTION OR EQUIVALENT INSPECTION TEAM FOR Q & Q INSPECTION UPON GOODS/CARGO
ARRIVAL AT THE DISCHARGE PORT.
7.UPON THE SUCCESSFUL COMPLETION OF DIP- TEST INSPECTION, BUYER MAKES THE BALANCE
PAYMENT BY MT103WIRE TRANSFER FOR THE TOTAL GOODS VALUE, SELLER TRANSFERS TITLE OF
OWNERSHIP CERTIFICATE TO BUYER'S NAME AS THE LEGITIMATE OWNER OF THE GOODS AND
COMMENCE TRANS LOADING.
8.TRANS-LOADING COMMENCE IMMEDIATELY.
9.SELLER WILL RELEASE PAYMENTS TO THE INTERMEDIARIES INVOLVED WITHIN 48 HOURS OF
RECEIVING THE PAYMENT FOR THE PRODUCT FROM THE BUYER’S BANK
PREVIOUS BUYER AS CONSIGNEE.)
(B) VESSEL TANKER DETAILS.
(C) PRODUCT PASSPORT- DIP- TEST REPORT.
(D) PROFORMA INVOICE.
(E) 5% PAYMENT DEPOSIT INVOICE.
(F) CARGO MANIFEST.
(G) CARGO ULLAGE REPORT.
(H) Q88.
5. BUYER CONFIRMS THE GOODS DOCUMENT AND MAKES 5% DOWN DEPOSIT WHICH STANDS AS
AN ALLOCATION AND SECURITY GUARANTEE PAYMENT TO THE SELLER NOMINATED BANK BY T/
T WIRE TRANSFER 3 BANKING DAYS TO ENABLE SELLER CHANGE EVERY DOCUMENT TO BUYER'S
NAME AND INSTRUCT THE VESSEL CAPTAIN TO RE-ROUTE THE VESSEL TO THE NEW BUYER'S
DESTINATION PORT. THE 5% DEPOSIT PAYMENT MADE SHALL BE DEDUCTED FROM THE TOTAL
PAYMENT VALUE OF THE TAKEOVER PRODUCT.
6.SELLER RELEASES A FRESH DATED DIP- TEST AUTHORIZATION- DTA TO BUYER TO ORDER SGS
INSPECTION OR EQUIVALENT INSPECTION TEAM FOR Q & Q INSPECTION UPON GOODS/CARGO
ARRIVAL AT THE DISCHARGE PORT.
7.UPON THE SUCCESSFUL COMPLETION OF DIP- TEST INSPECTION, BUYER MAKES THE BALANCE
PAYMENT BY MT103WIRE TRANSFER FOR THE TOTAL GOODS VALUE, SELLER TRANSFERS TITLE OF
OWNERSHIP CERTIFICATE TO BUYER'S NAME AS THE LEGITIMATE OWNER OF THE GOODS AND
COMMENCE TRANS LOADING.
8.TRANS-LOADING COMMENCE IMMEDIATELY.
9.SELLER WILL RELEASE PAYMENTS TO THE INTERMEDIARIES INVOLVED WITHIN 48 HOURS OF
RECEIVING THE PAYMENT FOR THE PRODUCT FROM THE BUYER’S BANK