D6, Jp54, En590 Cif

We only work with this procedure. Interested in sending detailed LOI with a target price.
Official Transaction Procedures On CIF

1. Buyer issue ICPO to seller and include banking details.
2. Seller issue draft contract/ Commercial invoice to Buyer. Buyer sign &return to Seller
3. Seller provides Charter Party Agreement from the shipping company to transport the product to buyer destination port. Buyer sign and return to seller.
4. Buyer issue Proof of Funds via Swift MT799 to Seller Fiduciary Bank.
5. Seller issue PPOP which shall consist of the following to buyer secure email:
a) A copy of License to export from Russian Ministry of Energy
b) Copy of Statement of availability of Product
c) Copy of Refinery commitment to produce the product
d) Certificate of Origin
e) Product Passport analysis Report
6. Within Five (5) banking days of receipt of the Partial POP documents, Buyer issue Standby Letter of Credit MT760 to seller's fiduciary company's bank account. If buyer could not issue SBLC MT760 within Five (5) banking days. Alternatively, buyer pay the Freight Charges to the shipping company to assure the transaction and the payment shall be deducted from the total cost of product.
7. Upon seller�?�¢??s receipt of SBLC MT760 or shipping company confirmation of Freight Charges, loading commence as schedule and seller issues to buyer the full set of POP documents and 2% PB (Performance Bond) and full set of POP documents including SGS report by Bank to Bank Swift and by email to buyer.
8. Seller issue Full Proof of Product (POP). Full POP shall consist of the following:
a) Copy of License to export issued by Russian Ministry of Energy
b) Copy of approval to export from Russian Ministry of Justice
c) Copy of Statement of availability of Product
d) Copy of Refinery commitment letter to supply
e) Copy of TRANSNEFT contract to transport product to Port
f) Copy of Charter Party Agreement to transport the product to discharged Port
g) Copy of tank storage receipt
h) Copy of DIP TEST AUTHORITY
i) SGS report from loading port
j) Bill of Lading
k) Insurance Certificate
9. Loading for shipment to commence within 10 days after Seller receive the Buyer unconditional SBLC/BG-MT760.
10. At the discharged Port, Buyer makes payment via TT/MT103 to Seller against shipping documents and title transfer.
11. Product is discharged into Buyer's storage facility/vessel.
12. Seller pays commissions to all intermediaries within 24 hours after receiving payment from Buyer.
IMPORTANT: If you do not agree with this procedure, please do not send a request for information, thank you