CIF (Normal)

1. Buyer issues Irrevocable Corporate Purchase Order (ICPO) addressed to the Seller’s Refinery along with company profile and buyer’s passport.
2. The Seller Issue the Full corporate offer (FCO) to endorse The Buyer.
3. The Buyer Issue MT199 – RWA for The Seller Account
4. The seller issues the draft SPA for the buyer’s review and signing. Buyer signs and returns in Word Format to Seller. The seller finalizes and sends a copy in PDF back to the buyer.
5. The Seller issues the below PPOP document.
   a) Product Quality Passport Quality Certificate.
   b) Certificate of Origin. (Product)
   c) Statement of Product Availability
   d) Commitment letter to supply the product
   e) Authority To Sell and Collect (ATSC).
6. Buyer’s bank per seller’s verbiage shall issue SBLC MT760 within Seven (7) working days for the first shipment’s value to the seller’s financial bank to enable the seller to commence loading of the product with the shipping company. , then the seller to finalize loading within eight  (10) working days.
7. After confirmation by the buyer’s bank, the seller at their own expense, charters with the shipping/ logistic company and alerts the buyer on the shipment ordered graphic/ schedule accompanied with the submission of nominated Vessel details to the buyer.
8. Seller’s bank responds with contractual operative 2% PB and full POP to buyer’s bank within seven(7) working days since the buyer’s instrument was confirmed by the seller’s bank:
   a) Copy of the Port Storage Agreement.
   b) Copy of the CPA, to Transport the Product to Discharge Port.
   c) Vessel Q88.
   d) Original BL (full set).
   e) Copy of SGS Report.
   f) Ship Certificates
   g) Cargo Declaration
   h) Ownership Certificate
   i) Product Allocation Certificate
   j) Ullage Report
   k) Notice of Readiness
   l) Customs Declaration Certi
9. Upon successful product confirmation against the SGS/ CIQ Report of Quality and Quantity at the destination port, the buyer makes payment by MT103.

CIF Express (TTO: Title Tank Take Over)

1. Buyer issues an ICPO to include Company Registration/License, buyer’s Passport Image and letter of acceptance to seller’s transaction procedure.
2. Seller issues the CIF Express Contract (SPA+ [CI]Commercial Invoice) addendum for review and endorsement by all
   NOTE: Buyer will be available to secure $400,000 with an Exchange Deposit Receipt or MT103/202, MT799 / MT760, which after receiving the POP listed in item #3, within 48 hours of buyer’s POP approval, this amount MUST BE automatically transferred to bank account# noted in “Invoice for title transfer”
3. Seller issues Proof of Product(POP) and Shipping documents as listed below;
   a) Product Passport (Quantity & Quality Dip Test Analysis Report)
   b) Certificate of Origin
   c) Bill of Lading
   d) Tanker Vessel Q88 Document
   e) Vessel (N.O.R) Notice of Readiness
   f) Ullage Report
   g) Cargo Manifest
   h) Invoice for title transfer (guarantee payment)
4. Upon the receipt of the documents, buyer verifies the availability of the product on high sea and immediately make $400,000USD security guarantee payment of the total cost of the product which serves as a Title Take-Over Fee (CIF Express)
5. Upon seller receipt of the title takeover payment, seller orders for re-route to buyer’s desired port, transfers the title to the potential buyer’s company’s name and also re-issue all other outstanding documents to the potential buyer’s company’s and via swift from seller bank the full prove of product.
6. Vessel arrives the discharge port and buyer carries out the CIQ/SGS inspection and upon a successful inspection, buyer pays by MT103 T/T for the full product to the seller.
7. Seller shall provide the following partial proof of product documents, which were issued in name of initial buyer.

FOB (Tank to Tank)

1. Buyer sends ICPO in line with seller working procedures alongside his/her Tank Storage Agreement (T.S.A.) on receipt and acceptance of Seller’s Soft Offer.
2. Seller issues Commercial Invoice (CI), Buyer Signs within 24 hours and returns to Seller within its validity;
3. Upon receipt and review of the signed CI, seller issues Dip Test Authorization (D.T.A) to be completed and signed by buyer and buyer logistics company in order for Dip Test to be conducted alongside counter signed copies of the Commercial Incoive (CI)
4. Buyer returns the Dip Test Authorization (DTA) fully completed and signed within its validity and upon successful review of the completed DTA, seller issues the below full POP documents:
   a) Fresh SGS Report (Not older than 72 hours);
   b) Product Reservoir Receipt;
   c) Accreditation Certificate;
   d) Product Passport (Quantity and Quality Analysis);
   e) Authorization to Sell and Collect Certificate (ATSCC);
   f) Pre-Injection Report (PIR);
   g) NCNDA/IMFPA (To be completed by all intermediaries);
   h) Certificate of Product Origin;
   i) Authority to Verify (ATV) either physically or otherwise.
5. Upon receipt and confirmation of the above POP documents, buyer provides its testing officials (SGS or INTERTEK) and the needed test are carried out on the product in seller’s tanks;
6. Buyer upon successful Dip Test makes full payment by MT103 / TT wire transfer for the total product and seller pays commission to all intermediaries involved in the transaction within 24 hours after confirmation of buyer’s payment and injection commences immediately;
7. Seller issues a contract for buyer’s desired duration upon successful completion of the trial order.

1. Buyer issues ICPO containing the Seller’s procedure with Banking details and scanned copy of Buyer’s Passport along with CPA
2. Seller issues Commercial Invoice (CI) for the available products in the Tank at the Port for Buyer’s review and endorsement.
3. Seller issues to Buyer Tank-To-Vessel Injection Agreement (TTVIA) to be endorsed by both Seller and Buyer’s Logistics Company.
4. Upon return of the endorsed TTVIA, Seller releases to the Buyer the following PPOP documents:
a. Copy of Tank Storage Receipt (TSR).
b. Copy of Commitment Letter to Supply.
c. Copy of Export License.
d. Copy of Authorization to Verify (Physical ATV)
5. The buyer contacts the Seller’s storage Company to verify the availability of the product and to obtain an access permit to enable the Buyer and his team to conduct a Dip Test on the product in the Tank.
6. Seller upon confirmation of Buyer securing access to the product, issues Dip Test Authorization (DTA) for Buyer to proceed for the Dip Test.
7. Upon satisfactory result of the Dip Test on the product by the Buyer and his team, the Seller’s storage company issues to Buyer Notice of Readiness (NOR) to inject the product.
8. Buyer issues Q88 and makes available the Vessel for the Injection process to commence as scheduled.
9. Upon completion of the injection, Seller releases to Buyer the below POP documents.
a. Copy of Product SGS Report
b. Copy of Injection Report
c. Copy of Authorization to Sell and Collect (ATSC).
d. Copy of Product Passport (Analysis Test Result)
e. Copy of Certificate of Origin
f. Copy of NCNDA/IMFPA.
10. Buyer immediately pays for the total product value injected into the Buyer’s vessel through MT103 wire transfer.
11. Seller upon confirmation of the payment pays all intermediaries involved