Description
All regular fees are
included in the price of the product and paid as per the procedures
issued by the Seller and agreed by the Buyer confirmed by the
signed Commercial Invoice and or the signed Sales Purchase
Agreement.
TERMS & OPERATIONAL FOB PRIMORSK OR FOB ROTTERDAM.
1. Buyer issues ICPO alongside company registration
certificate copy of passport page.
2. Seller issues Commercial invoice, Buyer countersigns and
returns back to the seller.
3. Seller issues POP the below documents to Buyer\'s secured
email for verification.
A. Refinery Commitment and Assurance Letter to supply the
product
B. Statement of product availability
C. Refinery Certificate of Company Registration
D. Certificate of origin
4. Buyer provides to Seller Tank Storage Receipt TSA/ATV/TSR
from a reliable TANK FARM compliant to Transneft Pipeline delivery
logistics for Seller\'s confirmation and verification.
5. Seller confirm buyer tank and verify buyer tank then Seller
issue to buyer Dip Test Authorization(DTA), Tank Storage Receipt
(TSR), Authorization To Verify (ATV) to enable buyer to verify the
fuel in Seller tanks
6. Buyer engages SGS to conduct Q&Q dip Test Inspection on
the product on Seller tank to check the Quality and Quantity of the
fuel before injection can take place to be sure the product matches
the Specification for international Standard product
7. Seller inject fuel into buyer tank and buyer confirm the
fuel and Buyer makes payment covering total value of the product by
MT**3 against SGS report
8. Title ownership documents to buyer
9. Seller pays commission to all mandates and intermediaries
involved in the transaction as may be agreed in the
NCND/IMFPA.
*0. Seller open 2%PB to the buyer to guarantee the contract
shipments and buyer open BG to guarantee the contract shipments and
buyer make payment against Q&Q done by SGS report with
Commercial Invoice on each slot tank.
