Product Description

WE ARE READY WILLING ABLE SUPPLIER FOR RUSSIA PETROLEUM PRODUCT, ON CIF, CIF SPOT, FOB. PLEASE CONTACT US FOR FURTHER INFORMATION
CIF SPOT ROLL AND EXTENTION TRADING PROCEDURES
A) Buyer sends icpo with copy of his international passport
B) Seller issues MOU to buyer with full banking details and certificate of
incorporation (for buyer to sign and return
C) Buyer signs and returns MOU
D) Seller issues to buyer these pop documents.
1) Authorization to sell
2) Certificate of origin
3) Export license
4) Dip Test authorization
5) Passport of product (dip test results)
6) Commitment to supply (issued by seller but, endorsed by the Russian Ministry
of Energy/Justice)
7) Tank storage receipts
8) Cooperate guaranteed addendum (Endorsed by both Russian MOE and Justice).
E) After successful proper verifications of the above documents within *8hours buyer
pays directly to the tank farm company for the injection of the pumping of the
product into sellers hired vessel that will transport the product to buyers
nominated port.
F) After successful confirmation of buyers payment to the tank farm company. tank
farm loads the products into sellers vessel and shipment commences. and seller
sends to buyer all shipping documents vessel Q*8, bill of landing etc. (Seller also
endorses NCNDA/IMFPA signed by all parties and lodge to their bank respectively.
G) After successful Q&Q by buyer at the discharge port, buyer pays seller
through MT**3/TT.
H) After successful confirmation of buyers payment to seller nominated bank
account, seller pays intermediaries commissions within *2 hours of receiving of
receiving buyers payment for the product.
TANDARD CIF TRADING PROCEDURES
1. Buyer issue ICPO to seller along with companys registration certificate and company profile.
2. Seller issues Draft Contract which is opened to amendments
3. Upon signing on the contract buyer has to present full information of tank farm company and company which will be performing dip test for sellers verification and approval. If buyer does not have one Seller has privilege to recommend reliable company of their choice.
4. Seller sends to buyer
 Company Registration Certificate,
 Product Passport,
 Transaction Passort,
 Tax Clearance,
 Certificate of Origin,
 Export License,
 Commitment to Supply,
 Storage Availability.
5. Buyer endorse the tank storage agreement (TSA) with the hired tank facilitator of the respective port tank farm nominated by buyer or seller. Buyer has right to nominate its own tank farm. Buyer pays the tank fee to the tank farm to enable seller Pump/Inject the product into the tank
6. Seller issue Dip-Test Authorization to buyer.
7. Upon successful dip test vessel departs to buyers destination port (shipping cost paid by seller)
8. Upon successful arrival to buyers discharge port, buyer performs Q&Q and makes payment by MT**3 T/T wire transfer for the total product available.
9. Seller pays commission to seller side intermediaries involved in the transaction