WE ARE INTO SALES OF PETROLEUM PRODUCTS AND WE CURRENTLY HAVE THE
FOLLOWING PRODUCTS AVAILABLE FOR SALES, D2, D6, MAZUT**0,
JP*4, EN**0, JPA1, LNG, LPG, REBCO ,AGO ETC
FOB
DIP TEST IN SELLER TANK: 1. Buyer send ICPO to seller / sellers mandate
along with buyer company registration Certificate, buyers company
profile and acceptance letter sign by buyer and Notarized by their
countrys notary public to adhere to sellers
procedures. 2. Seller Issue (C.I) Commercial Invoice for
the available quantity in the storage tank to buyer, buyer signs
and returns to seller with Tank Storage Agreement (TSA) and
NCNDA-IMFPA signed by all buyer group with commission
structures. 3. Seller issue Dip Test Authorization
Agreement Letter (DTA) to be signed by all 3 (Three) parties;
Seller, Buyer and buyers Tank farm. 4. Upon all parties fully conclude paper
signing) seller issue PPOP documents: A. SGS
Report B. Tank
Receipt C. Commitment to
Supply D. Product Passport issue by
SGS E. Injection Report F. Certificate of
Origin G. Authorization to Sell
(ATS) H. Dip Test Authorization
(DTA) I. Statement of
Availability J. Company Registration
Certificate k. Export
License M. Certificate of Origin 5. Upon the successful verification of the PPOP
by buyer, buyer order SGS to conduct the Dip Test of the product in
the commercial tank at buyers expense. 6. Upon successful Dip Test, buyer
presents their Tank Storage Receipt (TSR) and Seller inject the
product into buyer hired tanks 7. Buyer delivers **0% payment, via MT**3 TT
wire transfer for the total payment for the Product. And if mandate
involved, seller pay commission out. 8. After first successful transaction seller
release contract for the one year contract and payment term will be
negotiated
CIF BANKING/TRANSACTION
PROCEDURES; 1 Buyer Company issue ICPO or LOI to Seller
Refinery
2. Seller issue FCO to Buyer Company to sign and send back to
Seller Refinery.
3. Seller issues Draft Contract [SPA] and Commercial Invoice [CI]
for Buyer Company to countersign and return back to Seller
Refinery.
4. Buyer Company and Seller Refinery agree and endorse the final
contracts.
5. Seller registers and legalizes the contract in the various
ministries on Refinery cost and sends the register contract along
with PPOP Document to Buyer Company via e-mail
6. Buyer Company Obtaining the Transaction Ownership Certificate on
Buyer Company cost for the contract to enable the lodging of the
contract with their respective banks.
7. Seller appoints and signs charter party agreement with the
Shipping Company.
8. Buyer contacts the Shipping Company and Summarizes Shipping
Schedule
9. Seller Bank provides Buyer Company Bank the proof of
product and 2% PB.
*0. Buyer Company Bank Swifts Irrevocable Transferable/Non
Transferable Documentary Letter of Credit to Seller Refinery
Bank.
*1. Shipment commences as schedule in the final
contract.
*2. Seller will immediately upon receipt of the Buyer Company
Operative Financial Instrument release payment to involved
intermediaries.
