Price (US DOLLARS) – Valid until Oct. 2016
Possibility A) CIF/ PROCEDURES: 100% NON-NEGOTIABLE: INCO Phrases 2010, ASWP.
Product Passport, Certificate of Origin, Company Registration Certificate.
Four. Buyer endorse the tank storage agreement(TSA)with the employed tank facilitator of the respective
port tank farm nominated by buyer or vendor. Buyer has proper to nominate its personal tank farm.
Purchaser pays the tank charge to the tank farm to enable seller Pump/Inject the product into the tank.
6. Upon successful dip take a look at vessel departs to buyers vacation spot port (transport price paid by
7. Upon profitable arrival to buyer’s discharge port, purchaser performs Q&Q and makes cost
by MT103 T/T wire transfer for the overall product obtainable.
Eight. Seller pays fee to seller aspect intermediaries concerned in the transaction.
Choice B) CIF/ PROCEDURES: 100% NON-NEGOTIABLE: INCO Phrases 2010, ASWP.
1. Purchaser Challenge ICPO.
2. Vendor Challenge Draft Contract (SPA) Gross sales and purchase Agreement for Each events Remaining
(d) Statement OF AVAILABILITY OF THE PRODUCT IN RESERVOIR
(e) PRODUCT PASSPORT
four. Buyer and seller both together safe the logistic of the petroleum product to the buyer
Vacation spot port and the price of logistic will likely be break up (50%/50%) every party will bear his personal
cost, Observe purchaser will jointly safe the logistic of the petroleum Product to his Destination
5. upon Finalization of the Logistics for the Supply of the Petroleum Product to the Buyer Port
of Vacation spot/Discharge Port, Seller Start Loading of the Petroleum Product into the
Vessel Tanker (Ship) offered by buyer and provide to Purchaser the following Proof of Product
Documents and Shipment Paperwork;
Bill OF LADING, VESSEL DETAIL’S (Q88).
DIP Check REPORT FOR High quality AND Quantity OF THE PRODUCT BY
SGS, SAYBOLT, INTERTEK OR Similar.
CERTIFICATE OF CONFORMITY OF THE PRODUCT.
CERTIFICATE OF ORIGIN ISSUED BY THE CHAMBER OF COMMERCE.
6. upon Purchaser Receipt of the Above Proof of Product Doc and Shipment Document, Purchaser
Problem DLC MT700 or SBLC MT760 to guarantee payment for the product and Vendor Concern
7. Shipment Start and Buyer Releases Payment via MT103 – T/T for the total Price of the
Product after CIQ at Purchaser Discharge Port and Seller via the Ship Captain palms over all
Exportation Doc and Certificate of Ownership to Purchaser.
Eight. Vendor Pays Commission to Intermediaries involve within the Transaction
B) FOB Cost Phrases AND TRANSACTION PROCEDURES: One hundred%
NON-NEGOTIABLE: CONTRACT FOB
1. Purchaser subject ICPO to seller.
2. Vendor points Draft Contract and Commercial Invoice for purchaser to countersign upon
acceptance of the phrases and situations.
Three. Seller sends to purchaser, Commitment to supply and product availability in storage reservoir,
Product Passport and Firm registration certificate.
4. Purchaser provide their own hired Tank Farm and endorse the tank storage settlement (TSA) with
the hired tank facilitator of the respective port tank farm, to enable vendor Pump/Inject the
product into the tank or buyer present their TSA with their respective tank operator if any for
seller verification before TSR and pumping of the product to the rented tank.
5. Seller problem Dip-Test Authorization to buyer.
6. Upon profitable dip check, buyer makes payment by MT103 T/T wire transfer for the entire
7. Vendor pays fee to seller side intermediaries concerned in the transaction and Buyer
pays fee to purchaser aspect intermediaries concerned in the transaction.
C) TTO VESSEL TAKE OVER PROCEDURES: A hundred% NON-NEGOTIABLE: CONTRACT
1. Purchaser points Irrevocable Company Purchase Order (ICPO) with Sellers Procedures.
2. Vendor points take over Contract Addendum along with Business Invoice and likewise present
Vessel particulars for evaluate and endorsement by all events.
Three. Seller points Prof of Products and Shipping paperwork as listed beneath:
a. Certificate if Origin.
b. Firm License.
c. Product Analysis Report)
d. B/L (bill of Loading).
e. Vessel Q88.
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