Product Description

We are Direct mandate to a Refinery in Russia do contact us for your different kind of Oil , , cooking  oil , Rape seed oil , sunflower oil , soya beans oil ETC . , 
This is the procerdure we work with if you are ready to do Business with us you must follow our Procedure Accordingly 
1. Buyer issues ICPO.
2. Seller issues FCO.
3. Buyer signs and returns FCO.
4. Seller issues draft contract open for amendments.
5. Buyer sign and seals the draft contract and sends via e-mail to seller with a letter of acknowledgement and scanned copies of the buyers company registration license and passport copy of buyer.
5a. Seller issue Allocation Certificate of the product, Certificate of ownership and Passport of the product to the buyer.
6. Seller registers the contract. Buyer pays for the change of ownership and Title Documents through the Ministry that is in charge of Ownership Title of the product from the Seller name to the Buyers name as legal owner to be approved for export to destination Port.
7. Judicial Broker Company sends the registered contract and POP documents to the buyer together with the Charter Party Agreement.
8. Seller Company appoints a shipping company and sends to the buyer the full details of the shipping company.
9. Buyer contact shipping company and sign shipping agreement with the shipping company and procures insurance policy. The Shipping Company releases the following document to the buyer/seller:
a. Copy of shipping schedule document.
b. Copy of shipping particulars.
c. Copy of custom clearance certificate.
d. Copy of SGS Report.
e. Copy of license to export, issued by the department of the ministry of energy.
f. Copy of approval to export, issued by the department of the ministry of justice.


*0. Seller issues 2% Performance Bond Guarantee via SWIFT to Buyer Bank. Buyer Bank reply with irrevocable revolving Non-transferable documentary letter of credit to seller bank and the assignee names by means of prime *0 first world ranking banks guarantee Model ICC **8 acceptable in written by Buyer and if Seller Company fail to supply the cargo of the product this 2%PBG will be paid to buyer.

*1. The SGS inspection will be borne by Seller Company at the loading port and Buyer at the unloading port.

*2. Delivery commence as scheduled. Buyer release payment to Seller Company via Swift Fund Transfer within 7 banking days after the discharge of cargo and receipt of the entire relevant shipping document for immediate negotiation and credited at Buyers Bank Account.