Fuel And Gas

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(1) Buyer sends ICPO to Seller together with a Tank Storage Agreement (TSA), on receipt of Soft Corporate Offer.

2. Seller issues Commercial Invoice (CI) to Buyer, Buyer signs and returns to Seller.

3 Seller provides Buyer with the below-listed PPOP:

1. Authorization to Verify (ATV).

2. Product Passport (Product Analysis Report).

3. Irrevocable Commitment Letter to Supply.

4. Seller provides Fresh SGS Report to Buyer’s Tank Farm for verification of Product  specification in their Tank Ability to secure Products;

(e) Seller provides Authorization to Sell and Collect (ATSC) document.

(f) ICC WARNING letter to be endorsed by all the parties involved.

4. Upon confirmation of SGS Report by Buyer’s Tank Farm, Seller and Buyers secure Buyer's Tank 50:50 Sharing to provides Six Days Tank Storage Receipt (TSR) to Seller legal Documentation department.

5. NCNDA/IMFPA will be signed by Seller and Buyer. Seller and Buyer agree that Seller will be paymaster for Seller’s and Buyer’s Intermediaries.

6. Seller issued DTA -Unconditional to buyer and The Buyer’s SGS team dips and confirms the Q&Q Report to both Parties.

7. Within 24 hours after a successful dip test in Seller’s tanks, the injection commences, and Seller provides the

buyer with the Injection Report of injection of the Product into Buyer’s tanks.

8. The Buyer makes the payment for the total cargo via TT wire MT103 against Product title, bank to bank.

1. Buyer issues ICPO and Company Registration Certificate or any I.D.

2. Seller issue Draft Commercial Invoice, Buyer signs and returns to Seller with his Tank Storage Agreement.

3. Seller lease and pays the buyer’s tank for 3 days for the Injection Process,

The buyer pay his Tank Farm Company for 3 days after his Tank Farm Company has received the payment from the Seller Company.

4. Seller provides the buyer with FULL POP Documents:

A.  Fresh SGS Report

B.  Dip Test Authorization-Unconditional

C. Injection Report

D. Tank Storage Receipt

E.  Tank Farm Bar-code Information

F. Letter of Commitment to Supply.

G.  Registration Certificate

H.  Authority to Sell & Collect (ATSC)

5. Buyer conducts Dip-Test, via SGS and after Dip-Test Buyer makes payment as per MT103 wire transfer / TT according to the Commercial Invoice Buyer lift the product.

6. Seller transfers the title of ownership as per the Buyer’s instruction. The buyer lifts the product.

7. Seller pays all intermediaries involved in the transaction and subsequently monthly shipment continues as per terms and conditions of the sales and purchase agreement contract between buyer and seller.

1) Buyer accepts seller working procedure and issue ICPO addressed to the seller refinery.

2) Seller issues a commercial invoice. The buyer signs and returns back commercial invoice to seller.

3) SELLER provides the buyer with the below-listed PPOP.

A. Tank Storage Receipt (TSR)

B. Authorization to Verify (ATV)

C. Irrevocable Commitment Letter to Supply

D. Product Passport (product analysis report)

E. Certificate of Origin

4) Upon buyer verification and confirmation of the PPOP documents, The Buyer makes the payment for tank extension.

5) Seller provides the buyer with an Injection Report. Unconditional DTA.

(NCNDA/IMFPA) will be signed, buyer within 24 hours after successful dip test in the sellers’ tank, injection commenced and the seller provides the buyer with the injection report of the product into the buyer’s tank/Vessel.

6) Buyer make payment for the total cost of product injected into buyer tanks/Vessel via MT103, Seller transfer title ownership to buyer with all exportation documents required of the buyer for the transaction., Seller pays all intermediaries involved as per the signed NCNDA/IMFA.