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En590

$660
MOQ: Not Specified
Supplier From Selatpanjang, Riau, Indonesia
 
EN590
STANDARD BANKING PROCEDURES

1. Buyer issues ICPO along with banking details, Passport Copy and Buyer s company registration certificate.

2. Seller issues Commercial Invoice (CI) for the liftable quantity in storage tank in Singapore. Buyer signs and return CI in WORD Format. Seller issues the following documents after receipt of the signed CI.
(a) Copy of Company Registration Certificate.
(b) Export License.
(c) Copy of Statement of Product Availability in the Storage Tank in Singapore.
(d) Product Passport.
(e) Commitment to Supply
(f) Tank Storage Receipt (TSR).

3. Buyer extend Seller s tank. Upon Buyer makes payment for the tank extension, Seller issues to Buyer the following documents;
(a) Three days (3) Unconditional Dip Test Authorization (DTA).
(b) Fresh SGS Report inspected in Shore Tanks.
(c) Tank Storage Receipt (TSR).
(d) Authorization for physical verification of the product (ATV).
(e) Injection Report Shore tank .
(f) Certificate of origin.
(g) Commitment to supply.
(h) Product Passport.
(i) Notarized & endorsed NCND/IMFPA by the seller & their bank.
(j) Port Security Clearance Letter

4. Buyer sends his SGS/Inspection Team to conduct Dip Test in the seller tank on buyer s expense. Upon full verification, Buyer provides its CPA, Q88 and all vessel details and Seller injects product into Buyers vessel.

5. Buyer makes payment by MT103/TT wire transfer for the total product. Seller issues the Title of Ownership Certificate to be followed by all export documentation and Buyer lift the product.

6. Seller within 48 hours of confirmation of payment pays all intermediaries involved in the transaction. Upon satisfaction and conclusion of the trial transaction, both Buyer and Seller sign contract for monthly delivery with rolls and extension.
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