❊ Seller pay Buyer's tank farm for 2 days.
    After confirming the payment from seller,  buyer pay his tank farm for 3 days.
❊ POF is Need 

1. Buyer issue ICPO to the Seller upon acceptance of the SCO

2. Seller issues Commercial Invoice(Cl), Buyer signs and returns to the Seller with (TSA) as proof of storage availability

3. Seller leases and pays the Buyer's tank for 2 days and Buyer does pay his Tank Farm Company for 3 days as well in order to obtain a joint 5 days TSR for the conduction of dip test to obtain the product POP documents.

4. Seller issues following POP documents to Buyer:

- Product passport

- Dip test authorization letter (DTA) Unconditional.

- Authorization to Sell and to Collect (ATSC)

- NCNDA/IMFPA is signed by Seller, Buyer and all intermediaries.

- SGS Report.

5. Buyer conducts Dip test on the product and makes the payment for the total value of the product injected into the tanks through the means of MT103 TT. Ownership is exchanged and exported documentation is provided after receipt of funds for the total value of the product.

6. Seller pays the  intermediaries involevd  with 72  hours . 

subsequently monthly shipment continues as per terms and conditions of the sales and purchase agreement contract between Buyer and Seller.

❊ Buyer issues 5 days TSR (supplier name must be seller name).

Seller ship goods to buyer's designated port

❊  POF is needed

1. Buyer issues Purchase Order with their valid CPA Agreement for verification and approval.

2a.Seller issues MOU for buyer's review and signing.

2b.Seller issues to buyer the allocated vessel Bill of Laden (to confirm the details of the vessel as well as the product in the vessel).

3a. Buyer submits their TSR (TSR must be issued under seller name as supplier).

3b. Seller issues the Proof of Product documents in Buyer Company's name as listed below after Buyer submits their TSR (TSR must be issued under seller name as supplier)

- Certificate of Origin.

- Product quality passport (Analysis test Report)

- Commitment to Supply

- ATSC

- Cargo Manifest.

- Vessel Q88.

- Shipping Document.

4.Upon receipt of the POP documents, the seller will instruct the vessel master to re-route the vessel tanker final destination to the buyer's VTT location.

5. Seller and Buyer signs the title transfer affidavit and the title ownership certificate is issued in the buyer's company name.

6. Seller instruct vessel master to countersign the shipping agent Power of Attorney and proceed to send the complete set of maritime and shipping documents to enable the buyer shipping agent file for maritime report and make all preparation to receive the vessel tanker at the destination port terminal.

7. The Seller will provide to Buyer the following documents:

1. Master Authority to Board (MATB) II.Authority to Verify (ATV)

Il. Unconditional Dip Test Authority (UDTA) and allow the Buyer & his inspection team to board the

vessel at VTT anchorage and conduct inspection, upon arrival of the vessel tanker at the destination port and completion of CIQ / SGS Inspection, buyer pays for full cargo value via MT103/TT Wire within 48Hours,(Note: After successful inspection, Seller injects the product to Buyer's tank & Buyer pays 100% for product injected by MT103/TT)

8.Seller pays the intermediaries involved within 72 hours after receipt of payment of the product from the buyer.

9.Buyer and seller sign supply contract and R&E

❊ Payment team : Non transfer SBLC  via MT103 at destination port after SGS inspection. 

❊ PB: 2% 

❊ Note: SOP non- negotiate 

❊ Note: Seller provides ICPO templates

❊ POF is needed

❊ Seller use overseas banks and the third party company accepts LC/ TT. 

1. Buyer Company Issues Irrevocable Corporate Purchase Order (ICPO) on its official company letterhead to the seller.

2. Seller Company issue Draft Contract/Sales & Purchase Agreement (SPA Open for amendments if any) both parties sign and seal the present contract and exchange the copies electronically.

3. Seller Company registers and legallizes contract officially with the appropriate authorities to facilitate booking of allocation and securing a legitimate approval for the Transfer of Ownership Title/Allocation to buyer's Company name at seller's expense.

4. Seller Company sends hard copy of the notarized and insured POP documents along with the legalized

Contract to buyer Company. The Partial POP documents to be send along with the legalized Contract include:

-Certificate of Origin.

-Company Registration Certificate

-Statement of Product Availability,

-Product Quality Passport(Dip Test Analysis).

-Refinery Commitment to Produce / Supply

-Proforma Invoice.

5. On confirmation of the receipt of the partial POP, buyer must within five (5) banking days issue the Bank

Guarantee in the form of (SBLC/MT760). Failure to issue the said bank guarantee within the stipulated days. Buyer issues a Performance security financial deposit of $320,000.00USD(Three Hundred and

Twenty Thousand United State Dollars). This is to enable the seller secure the service of the Vessel for the transportation of the product to buyer's destination port.

*Note: Fee made by buyer will be* *deducted when making payment for the total cost of the product at*

*the discharge port after a successful CIQ/SGS test at the discharge port*

6. Seller's bank sends through swift the original and full Proof of Product (POP) documents along with the 2% operative performance bond to the buyer's bank and the irrevocable documentary letter of credit issued by the buyer's bank on to the seller's bank will become immediately operative.

-Copy of the Charter Party Agreement to transport the product to discharge port

-Copy of Shipping Schedule Document

-Product Analysis Report.

-Certificate of Origin.

-Bill of Lading Tank Receipt. 

-VesselQ88

-SGS Report.

-Certificate of Product.

7. Both banks will confirm to seller and to buyer that the irrevocable documentary letter of credit and 2% PB

has been accepted and the shipping commences as scheduled in the contract for the CIF delivery.

8. Payment will be made for the product by the buyer's Bank via T/TMT103 Wire Transfer to the seller's bank after the CIQ/SGS Inspection at port of discharge and the delivery to the buyer's bank of all documents required by the contract. Seller releases the commission of the intermediaries immediately.