Product Description

JP*4 at *6 USD net FOB Novo up to 5Mbbls/m from genuine refinery 

1.  Buyer send ICPO to Seller.

2.  Seller issues draft contract with commercial invoice to buyer, buyer sign and return to seller for final endorsement.

3. Seller issues Refinery PPOP documents for buyers review and authentication

A.       Product Passport

B.       Commitment to Supply from Title holder

C.       Product Availability in the Storage Reservoir

D.       Export License

E.       Certificate of Origin

F.       Certificate Of Tax Registration

4. Buyer provides for Seller their valid and verifiable Tank Storage Agreement and TSR/ATV details after *8hours of verification of the above PPOP documents at the Loading Port.

5. Seller verifies Buyer Tank Farm details and issues,

    - DTA (Dip Test Authorization)

    - Fuel Injection Report of Transnefte

    - Tank Receipt

    - SGS Report of the Product

6.  NCNDA is signed and endorsed by all parties involved

7.  Upon confirmation of act of transfer in Buyer's name, Seller issues to the Buyer, Title of Ownership Certificate (to be followed by all export documentation)

8.  Buyer conduct Dip Test and Lifting commence and Buyer release payment by MT**3/TT wire transfer to the Seller as per account details mentioned in the Commercial Invoice

9.  Seller pays commissions to Seller side and Buyer to Buyer side intermediaries via MT**3.

Upon acceptance of the above procedure, buyer company should revise and release their Purchase Order (ICPO) indicating the above procedures with target price and quantity to enable us finalize negotiation with end seller refinery company for the release of draft contract & CI for the proceed of this transaction.