1. Buyer issues L.O.I
2. Seler issues S.C.O
3. Buyer issues Irrevocable Corporate Purchase order (ICPO) on their official company letterhead with POF and C.P with Company Certificate.
4. Seller issues Commercial Invoice (C.I) for the lift able goods.
5. Sller issues Draft SPA Contract for 12 months to the buyer.
6. Buyer Returns Signed and Accepted Commercial Invoice (CI) and SPA Contract with NCDA/IMFPA to the seller.
7. Buyer Issues BG or SBLC via MT760 to seller's Fiduciary Bank
8. Seller's Fiduciary Bank swifts Full set of POP with shipping documents plus 2% Performance Bond (PB) to Buyer's Bank within 72 hours after Seller's Confirmation of the Bank Instrument
8.1 Full POP Documents Listed Below:
-The letter of guarantee of an oil refining
-Copy license to export issued by the ministry of enerygy
-Copy of approval to export issued by the ministry of justice
-Copy of statement of availability of the product
-Copy of the refinery commitment to produce the product
-Copy of TRANSEFT contract to transport the product to the port
-Copy of the Port Storage Agreement
-Copy of the charter party agreement(s) to transport the product to the discharge Ports
-Copy of tank storage receipts
-Copy of DIP test authority
-SGS Reports from loading port
-Ocean Bill of Lading
-Insurance (110%)
9. Shipping of the goods will/shall be commenced within 10-15 days from the date of the seller's receipt of the acceptable payment instrument or earlier
10. SGS(or Equivalent) inspection at buyer's discharge port together with final Commercial Invoice submitted to Buyer and Buyer's Bank
11. Buyer makes payment by MT103/TT wire transfer.
12. Seller's receipt of full payment
13. Title of ownership shall automatically be transfered to the buyer's Bank from seller bank
14. Seller or Seller Mandate via seller pays all the commisions to the intermediaries involved in this transaction within 24 hours after seller's Confirmation of buyer's payments.
1. Buyer sends ICPO to seller on receiptof seller's Soft offer along with tank storage agreement (TSA) as proof of storage availability.
2. Seller issues Draft Contract /Commercial invoice (CI) for the available quantity in the storage tank to buyer, Buyer signs nd returns to seller with scan passport copy/IMFPA signed by all buyer groups with commision structure.
3. Seller issues DIP Test Authorization letter sign by all parties including buyers tank farm.
4. Seller issues as below:
4.1
-DTA - Dip test Authorization
-Fresh SGS Report
-Tank Receipt
-ATV
-ATS
and buyer order SGS to conduct Dip test of the product in the tank on buyer's expense
5. Upo succesfull Dip test, Buyer to provide vessel details or Tank details. Seller shall immediately submit the SGS inspection report along with the full Proof of product (POP) to the buyer.
6. Buyer make 100% payment by MT103 TT wire transfer for the total product and seller and seller mandates pays commision to all intermediaries involved in the transaction 24 hours after confirmation of buyer payment.
Crude Oil:
Bonny Light
REBCO
ESPO (Siberia Pacific Oil)
Basra Light
WTI
Southern Green Cayon Blend
Olmeca Mexican crude
Heavy Crude, etc.
Product Description :
Crude oil is a mixture of hydrocarbons that formed from plants and animals that lived millions of years ago. Crude oil is a fossil fuel, and it exists in liquid form in underground pools or reservoirs, in tiny spaces within sedimentary rocks, and near the surface in tar (or oil) sands
Price of product ( USD price or FOB price) : Price on request
Product origin : Worldwide
Key Specifications/Special Features :
Specifications for types/grades of crude (special grade needed by buyer)
will be issued after received your credible purchase request in the form LOI/ICPO docs.
Minimum Order Size and Packgaing details :
Bulk in tanker vessels.
Tanks 20 MT.
We have all kind of D2 and Bace Oil bulk quantities available. We have also bitomen with cheap price available stock.
Base oils are used to manufacture products including lubricating greases, motor oil and metal processing fluids. Product origin : Russia Key Specifications/Special Features : Grades : SN 150, SN 300, SN 500 Size and Packgaing details : Flexitank, IBC, Drums
