Description

CONTRACT PROCEDURES
1. Seller issue Soft Offer.
2. Buyer issue LOI or ICPO and NCNDA+IMFPA signed by buyer and all participants to seller agent.
3. Seller issue contract to the Buyer Open for amendment. Buyers sign and return the contract to the seller in word format with NCNDA/IMFPA (if any).
4. Seller confirms and seals contract and send back to buyer in PDF.
5. Buyer bank issue Proof of Fund (POF) via Swift MT**9 for *0days from a prime world bank accordingly to Seller nominated bank details.
6. Seller endorses and register (3 SET) hard copy contract and send (1SET) to buyer with Full Proof of Product (POP) are as follows:
Company Registration /Tax Certificate
Commitment to Supply
Statement of Availability of Product
License to export crude and petroleum products
Indigenous Survey Report or SGS
Certificate of origin
Tank Receipts (if necessary)
Transshipment Agreement to transport the product to the loading port
Charter Party Agreements to Transport the Product to discharge port
Commercial invoice
Vessel notice of readiness to board
(ATB) and marine insurance policy
- Dip Test Authorization (DTA) if necessary.
- Certificate of title transfers to buyer name.
- Bill Of Lading and vessel particulars.
- Copy of custom clearance.
7. Sellers bank issues by swift to buyer\'s bank 2% PB.
8. Buyer shall provide details of their Shipping Agent at destination Port and (Optional) SGS/ CIQ at discharge port inspection as per scheduled shipping Info.
9. Buyer Bank in 3 working days releases payments to Seller Bank by TT / wire transfer after inspection by SGS or similar at the discharge port and receipt of all the above shipping documents .
*0. Seller pay commissions to all parties according to signed NCNDA & IMFPA
Note: Prices are subject to change and are negotiable.
Offer validity: Until December *1, ***3
Terms of payment: Advance payment of *0 % on RW transportation + *0% NOT Transferable, Irrevocable, covered, revolving Letter of Credit in Bank of the Seller
SPECIFICATIONS:
*0/*0 *0/**0 *5/**0 *0/*0 TEST METHOD
SPECIFIC *@***********************1.*5 1.***1.*5 1.***1.*6 D**0
PENETRATION