STANDARD TRADING PROCEDURE FOR THE
FIRST MONTH SHIPMENT
1. Buyer issue ICPO CP, Confirmation Letter in
their Company Letterhead to seller.
2. Seller issues Draft Contract and Commercial Invoice for buyer to
countersign upon acceptance of the terms and conditions.
3. Seller sends to buyer, Commitment to Supply and Product
Availability in Storage Reservoir, Product Passport and Company
Registration Certificate & Export License and Certificate of
Origin
4. Buyer endorse the tank storage agreement (TSA) with the hired
tank facilitator of the respective port tank farm nominated by
buyer or seller in the loading port. Buyer has right to
nominate its own tank farm. Buyer pays the tank fee to the
tank farm to enable seller Pump/Inject the product into the
tank
5. Seller issue Dip-Test Authorization to buyer.
6. Upon successful dip test vessel departs to buyers destination
port (vessel cost paid by seller & buyer)
7. Upon successful arrival to buyers discharge port, buyer performs
Q&Q and makes payment by MT**3 T/T wire transfer for the total
product available.
8. Seller pays commission to intermediaries involved in the
transaction
9. Contract delivery continue.
SUBSEQUENT TO SUCCESSFUL CI DIP AND PAY AND CONFIRMATION OF BUYERS
CAPABILITY WE WILL SIGN CONTRACT FOR *2 MONTHS
LLC GAZPROM NEFT INVEST.
