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Importer | Buy Jp*4 Fuel | Jp*4 Fuel Buyer
SELLER’S PROCEDURE:
1. Buyer sends ICPO granting soft probe by the seller
bank
officer with (A) the photocopy of buyer’s company
certificate
of incorporation. (B) Scanned copy of buyer’s assignee
international passport. 3,NCNDA/IMFPA Signed by buyer and
all
the intermediaries.
2. Seller sends Draft contract open for buyer sign seal
and
review by the buyer bank officer with confirmation of
buyer
financial ability to purchase product
mentioned in the delivery schedule then return
unsealed to seller with modification if necessary or similar
along with the Bank Comfort Letter {BCL} with full contact address
and
banking information to close deal and receive Proof of
Product
{POP} documents with 2% Performance Bond Guarantee {PBG}
bank
to bank basis
3. Seller to countersign draft sales purchase agreement
with
full banking information to swift proof of product
documents
and performance bond guarantee and seal for approval
with
notarization with the Russian Ministry and send a copy
to
buyer both parties lodge with their respective banks.
4. Seller send soft POP to buyer bank By Swift and both
banks
open conversation and buyer bank issues swift SBLC/BG for
the
first shipment and RDLC acceptable for the second
shipment
only if twelve {*2} months contract for seller confirmation
of
buyer capability to purchase product
5. Seller Bank responds issuing 2% PBG, FULL POP, Tank
Receipt/Equivalent, SGS Report less than Twenty Four
(*4)
Hours on quality and quantity along with authorization
to
perform Dip Test with photocopies to buyer through email
or
courier.
6. Seller loads the product to the buyer designated/agreed
vessel as per INCOTERMS ***0
CIF/FOB.
7. Shipment commence as stated in the contract.
8. Buyer transfer fund via MT **3 upon successful dip test and
title passes to the
buyer.
9. Intermediaries are paid for each lift for the signed
contract and rollovers.
*0. Delay in signing the Firm Sales Term Sheet can make
the
Seller to withdraw the offer of Sale or price might
change
Buyer’s Bank Detail
