Base Oil SN 150- SN 500

详情

Delivery: FOB/CIF AWSP

Inspection:CIQ/SGS

Delivery Time:*0 Days of receiving the bank instrument

INTERNATIONAL TRADING PROCEDURES

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) with seller procedures.

2. Seller issue draft contract, both parties sign and seller seal the contract and exchange the copies electronically. the electronically exchanged copies will be legally binding until the hard copies are exchanged.

3. Seller registers and notarizes draft Contract with the various Ministries under Seller’s expenses.

4. Buyer makes payment for obtaining the (ECA/TP) Export Clearance Affidavit / Transaction Passport for the contract .

5. Seller and buyer Finalize shipping schedule with the appointed shipping company to transport the product to the destination port.

6. Upon finalization and confirmation, Seller issues Proof of Product as listed below:

(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 supply the product.

(E) Copy of the port storage agreement.

(F) Copy of the charter party agreement.

(G) Product Passport (Analysis Report)

(H) Copy of SGS Report or Similar conducted at the Loading port.

(I) Bill of Lading

(J) Vessel Q*8

7. Upon confirmation of the full POP documents, Buyer\'s Bank will issue Operative Payment Instrument to Seller’s Bank within Five (5) Banking Days after receipt and confirmation of the POP at the Buyer’s Bank.

8. Shipping of the product will commence as agreed by buyer and seller within Seven (7) to Fifteen (*5) days from date of Seller receipt of the acceptable Operative Payment Instrument.

9. Within 5 banking days of Vessel arrival at buyer discharge port, buyer release the full payment of the product for the shipment, seller’s bank release the commissions to the intermediaries.

“THE BUYER IS EXPECTED TO INSERT THESE TERMS & PROCEDURES AS ABOVE IN HIS ICPO FOR SELLER\'S IMMEDIATE PROCEEDINGS”