CIF Offer ASWP

Products offered - EN 590 10 ppm, Gasoline 95

Pricing on request after registration

MOQ : 30,000 MT, Monthly upto MT

CIF TRANSACTING PROCEDURE

1. Buyer issues ICPO with company registration, Passport copy, company letter head and buyer information. Buyer also issues the SBLC verbiage for pre-approval by seller bank.

2. SELLER approves and issues the Sales Purchase Agreement Contract (SPA), the Sales Purchase Agreement Contract (SPA) is open for amendments. Upon finalizing of the amendment of the SALES PURCHASE AGREEMENT CONTRACT, BUYER COMPANY sign, seal and return the contract (SPA) to Seller within 3 working days.

3. SELLER releases the partial proof of product documents as stated below;

   1. Seller Commitment to Supply.

   2. Authorization to sell and collect.

   3. Passport of product

   4. Certificate of Origin

   5. Statement of availability of product.

   6. Seller’s Certificate / Registration

   7. Proforma Invoice/ expires after 7 working days) for issuance of SBLC

4. Buyer proceeds with their bank within 7 working days to issue SBLC via MT 760 or to seller’s fiduciary bank verbiage to seller nominated fiduciary offshore bank account and seller bank shall respond to buyer bank with 2%PB within 48 hours of receiving buyer's SBLC via MT 760.

5. But if after 7 working days, the buyer fails to issue the SBLC via MT 760 then buyer shall request for a new invoice from seller to pay shipping cost value fees of $800,000 USD via TT MT103 as a security guarantee which will be deducted from the total product price fees at the destination port to enable the Refinery secure the vessel and deliver the cargo to buyer.

6. Upon Seller's bank confirmation of SBLC OR the shipping cost fees of 800,000USD, Seller transfers the full POP documents to buyer via email or DHL courier Service as given below:

   1. Allocation-Ownership Certificate

   2. Chartered Party Agreement (CPA)

   3. Authority to Verify (ATV)

   4. Company Tax payer certificate

   5. Fresh SGS report.

   6. Tank receipt

   7. Vessel Q88

   8. Bill of lading

   9. Commercial Invoice

   10. Port Clearance Certificate

   11. Dip test Authorization (DTA) & ATB

   12. NOR /ETA

   13. Certificate of Ownership Transfer.

   14. Allocation Transaction Passport Code Certificate (ATPCC)

   15. Export License

   16. NCNDA/IMFPA.

7. Buyer notifies seller by official written notice of his receiving seller's POP document while Seller orders his export team to deliver the Vessel to the buyer’s destination Port.

8. Upon arrival of the Vessel at the discharge port, buyer's inspection team carry out DIP test or equivalent inspection to ascertain quality. The vessel captain will hand over all the original POP documents to the Buyer's representative while Buyer pays for the total contract after SGS, CIQ or equivalent inspection at the discharge port via T/T Wire transfer and the amount payable for freight charge will be deducted while offloading will commence immediately.

9. Seller pays Commission to all involved mandates and intermediaries by T/T Wire Transfer as mutually agreed. 

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