Description
We are lotus energy company in Egypt and operates a marketing
contract for a supply company for oil for commission (we will not
mention the name of the company to save our commission excuse us).
It has many branches around the world from China to America.
Distribution of commission from the supplier company: from the
supplier team (closed) - from the buyer team (open).
Supplier\'s procedure is non negotiable :
You must first approve the supplier\'s procedures if you want to
work with us
**** AGREEMENT PROCEDURES: (Non-Negotiable)
1. The buyer shall issue ICPO + BCL upon verification, seller will
issue completed signed/sealed
FCO, following by
Draft contract for both parties countersigning.
2. Within 3 three banking days buyer shall review, countersign
and/or made any necessary
Amendments.
3. Within 7 seven working days from lodging the Agreement in both
banks, Buyers Bank shall
issue the financial
instrument must be issued or confirmed and guaranteed by top world
Prime Bank acceptable to
seller .
4. Within *0 ten banking days of the receipt, verify and
authenticate of buyers financial
instrument, the seller
shall submit full POP and 2% performance bond for the value of the
irrevocable Prime Bank
letter of credit.
5. The first Shipment delivery within *8 working days from the date
of the sellers acceptance of
the financial
instrument.
6. (NCNDA/IMFPA) will be endorsed with sellers and buyers bank.
Buyer, upon vessel arrival at
destination port
Buyer discharges the product and within *2 hours pays all parties
their commissions.
7. Seller issues full POP documents to buyer via Bank to Bank,
namely:
a. Copy of commercial invoice.
b. Copy of Approval to Export certificates.
c. Copy of statement of availability of the product.
d. Copy of the Refinery commitment to produce the product.
e. Copy of the Transneft contract to Transport the product to the
port.
f. Copy of the Port Storage Agreement.
g. Copy of the charter party Agreement(s) to transport the product
to Discharge port.
h. The Customs formalities, and test report to buyers bank.
i. Certificate of Origin.
j. Copy of vessel Questionnaire *8.
k. Dip test Authorization.
l. Copy of Bill of loading. M. SGS report. N. Tank Receipt.
8. Shipment commences. When ship arrives at destination port and
buyer conducts inspection
on the goods and
upon satisfaction, Buyer release payment to Sellers bank after
inspection at destination port
**0% payable for
each shipment within 3 banking days upon the cargo passed SGS and
receipt of all the relevant
payment
documents.