You have not logged in, and please view contact info after logging
Post Products
Popularize products
Build store
online business
1. Buyer sends ICPO to Seller on receipt of Seller's/representative Soft Offer with terms and procedures without changes with their company profile or past performance evidence.
2. Seller issues Commercial Invoice, Refinery Letter and Tank Storage Receipt to buyer for bank to bank confirming
both parties readiness to perform with available fund ready to lift product and quantity agreed by the Buyer bank to
seller bank via swift MT 199 / MT 799 as buyer RWA to Seller bank for final endorsement by the seller with the Ministry.
3. Within 48 Hours after signing CI by the buyer returned to seller and Bank Proof of Fund reference swift sent to
seller bank, Seller release POP / DTA documents to buyer, Fresh Tank Storage Receipt, Fresh SGS Analyst Report
less than 24 Hours of age, Transneft Agreement, Certificate of Origin, Change of Ownership Certificate, Tank Take
Over Agreement for Dip Test Authorisation to buyer official address, buyer secured email and seller bank send Full
POP to buyer bank. (All parties sign NCNDA/IMFPA to be endorsed by the notary)
4. Buyer provide to seller, buyer’s vessel information with port clearance and details (or) Buyer Storage Tank Details.
a) Vessel must be docked before DTA is offered. (OR)
b) Buyer storage tanks with contract-assigned tank details must be provided to get DTA.
c) Seller appointed chartered vessel issues charter party agreement copy including Q88 and complete ship details and
location to buyer official address through courier endorsed by Ministry of Transport or custom (OPTIONAL)
5. Buyer conducts Dip Test with Inspection team, Seller release Full Title Transfer to buyer and Buyer release
payment to seller bank within 12- 48 Hours. Lifting commences and seller issues to the Buyer, Title of Ownership
Certificate to be followed by all export required documentation.
6. All mandates, Brokers, Facilitators are settled through Wire Transfer by the appointed paymaster in accordance
with the final signed commission agreement by all the parties involved.
