Offer JP A1 PROCEDURE F.O.B /CI DIP AND PAY ROTTERDAM/HOUSTON

**Admin** Sun Jan 15, 2023 7:59 am

Option (1)
F.O.B /CI DIP AND PAY WITH SGS REPORT (ROTTERDAM/HOUSTON)
[NON RUSSIAN PRODUCTS ORIGIN]

1. The buyer issues an ICPO containing the seller's work procedures and banking details along with the TSA submitted by the buyer.

2. Seller issues commercial invoice of products in tank at port, buyer signs and returns commercial invoice.

3. The seller issues a copy of the SGS Report strictly to the buyer's Tank farm Company only to verify the SGS Report.

4. After confirmation of successful verification of SGS Report only by Buyer's Tank Farm Company. The Seller rents and pays the Buyer's tank for the first 3 days and the Buyer pays his Tank Company for 3 days after his Tank Company receives payment from the Seller Company.

5. The seller issues the following POP documents to the buyer, the buyer performs a Dip test on the product and makes payment for the total value of the product injected into the tank via MT103-TT:

a) Q&A Report
b) Injection Report.
c) Unconditional Dip test (DTA) Power of Attorney
d) Permission to sell.
e) New Update SGS Report.(Kazakhstan)
f) Authorization to physically verify the product in the seller's tank (ATV).
g) NCNDA IMFPA to signed by all involved

6. Seller sends NCNDA/IMFPA and pays all intermediaries involved in the transaction 24 hours after receiving confirmation of Buyer Payment as per signed & sealed NCNDA/IMFPA which is notarized by Public Notary in United Kingdom and Authorized by Seller's Bank and then monthly remittance is continued as per terms and terms of the contract of sale and purchase agreement between the buyer and seller

Option (2)

PROCEDURE F.O.B /CI DIP AND PAY ROTTERDAM/HOUSTON
[NON-RUSSIAN PRODUCTS ORIGIN]

1) Buyer issues Irrevocable Corporate Purchase Order (ICPO) containing the seller's working procedure with banking details along with Tank Storage Agreement (TSA) as proof of storage tank availability.

2) Seller issues Commercial Invoice (CI) of the product in tanks at the port for buyer. Buyer and Buyer's Logistics sign and return commercial invoice to seller within its validity

3) Seller invites buyer for visitation to witness the inspection and TTM for negotiation of future transaction.

4) Seller signs NCNDA/IMFPA between all intermediaries involved with the notarized copy sent to Seller's bank.

5) Seller issue to buyer POP and documents listed below:

a) GPS coordinate-tank storage receipt TSR with scanned barcode
b) Injection Report Shore Tank (IR)
c) Unconditional Dip test Authorization (DTA)
d) Authorization to sell and collect (ATSC)
e) Fresh SGS Report in Seller Tank. (Not older than 48 hours)
f) Authorization to Verify the Product in Seller's Tank (ATV)
g) Product passport and Analytical report (PP){Kazakhstan}
h) Product Allocation Certificate {Kazakhstan}
i) Certificate of Product Origin (Kazakhstan)
j) Seller issues NCNDA/IMFPA for the following document to all Intermediaries and to the buyer involved in the transaction for signing.

6) Buyer orders SGS, Intertek or its equivalent team to conduct Dip test inspection on the product in Seller's tank at buyer’s expense and sends his Tank Storage Receipt (TSR) to seller.

7) Upon successful Dip Test in seller's tanks, product will immediately be injected into Buyer's tanks.

Cool

Buyer makes 100% payment by MT 103 TT wire transfer for the total product and Seller transfers Title Ownership to Buyer.

9) Seller pays commission to all intermediaries involved in the transaction within 24 hours upon confirmation of buyer’s payment.

10) Seller issues draft Sales Purchase Agreement (SPA) to buyer to review for R&E monthly deliveries.

11) Buyer reviews and approves the SPA and issues SBLC or IRDLC irrevocable, non-transferable, auto revolving for 12 monthly shipment value and documentary letter of credit for length of contract and in the amount for each lift per schedule. Buyer pays after dip test by MT-103 Wire transfer on each monthly quantity.

12) The subsequent delivery shall commence according to the contract terms and conditions.

ID Threema https://threema.id/Y4E8YZ4Y
Threema https://threema.id/TZHX6J77

https://teleguard.com

TELEGUARD W5LSBMNJE