CIF (Normal)

(ID: PPCIF181123-HAB) 

1. The Buyer issues ICPO must be with the buyer’s company letterhead.
2. The seller issue Commercial Invoice (CI)
3. The buyer open MT799 pre-advise to seller account with attached TSA (Optional Document)
4. Seller issues Draft Contract (SPA) to the Buyer and The Buyer Signs, Seals and returns the Seller for finalalize and endorsement.
5. The Seller gives Partial proof of products (pPOP).
6. The Seller Issue The All Custom and Export License (Completed Documents) :
   (a) Seller Irrevocable Commitment to Supply
   (b) Statement of availability of product.
   (c) Certificate of origin
   (d) Commercial invoice for the first value shipment.
   (e) Product Passport.
7. Within 5 (Five) banking days, Buyer’s bank sends Irrevocable, transferable, divisible, Operative SBLC via MT760 according to seller’s fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment, should buyer fail to issue payment instrument within 5 banking days, buyer will make cash deposit of $320,000 USD by TT wire transfer for security guarantee to enable seller charter vessel and commence shipment, and this payment will be deducted from the total cost of product after inspection at discharge port, or legal action will be taken against buyer for default.
8. Seller’s Bank Issues Full POP Documents to the Buyer’s Bank alongside with 2% Performance Bond (PB2%) :
   a) Copy of license to export
   b) Copy of Approval to Export
   c) Copy of statement of availability of the product.
   d) Copy of the refinery commitment to produce the product.
   e) Copy of contract to transport the product to the loading port.
   f) Copy of the port storage agreement.
   g) Copy of the charter party agreement to transport the product to discharge port.
   h) Copy of Vessel Questionnaire 88.
   i) Copy of Bill of Lading.
   j) SGS Report at loading port.
   k) Dip test Authorization (DTA) & ATB
   l) NOR /ETA.
   m) Certificate of Ownership Transfer.
   n) Allocation Transaction Passport Code Certificate (ATPCC) by Ministry of Energy.
9. Shipment commences as per signed contract delivery schedule and the shipment should arrive at Buyer’s discharge port within 5-24 days. The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the unloading seaport.
10. Buyer releases payment to Seller by TT/MT103 upon receipt of the shipping documents and confirmation of the Q&Q by SGS/CIQ at destination port.

CIF Express (TTO: Title Tank Take Over)

(ID: PPTTO181123-NEJ) 

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)

(ID: PPFOBTTT181123-HAB) 

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.

(ID: PPFOBTTV181123-HAB) 

1. Buyer issues ICPO containing the seller’s procedure with banking details and scanned copy of the buyer’s passport along with the Charter Party Agreement (CPA), for Seller’s validation , and letter confirming readiness and capability to carry out the transaction.
2. Seller issues Commercial Invoice (CI) for the available quantity of product in seller’s leased tank to buyer .
3. Buyer signs and returns the commercial invoice .
4. Seller issue to buyer Tank  to Vessel Injection Agreement (TTVIA) to be endorsed by both seller , buyer and buyer’s
   logistic company.
5. Upon returned of endorsed TTVIA , seller released to buyer the following PPOP documents;
   a) Commitment letter to supply .
   b) Export license.
   c) Tank storage receipt TSR.
   d) Authorization to verify ATV (through call email)
6. Buyer Contact the seller’s leased storage company to verify the availability of the product and to obtain access to enable buyer and his inspection team to conduct dip test on the product in the tank.
7. Seller issue DTA for buyer to proceed of the dip test upon confirmation of buyer securing legal access to the product.
8. Buyer and his SGS inspection team conduct dip test on the product in the tank.
9. Upon satisfactory result of the dip test, seller’s storage company issue to buyer the Notice of readiness (NOR)to inject
   the product.
10. Buyer provide Q88 and ATI from his Logistic Company and also make available the vessel for the injection process
    commence as schedule.
11. Upon completion of the injection , seller releases to buyer the below POP documents.
    a) Product SGS Report
    b) Pipeline Injection Report
    c) Authority to sell and Collect(ATSC)
    d) Product passport (analysis test report)
    e) Certificate of origin
    f) NCNDA/IMFPA is sign by intermediaries of both seller and buyer.
12. Buyer immediately pays for the total cost of the product value injected into the vessel through Mt103 TT wire Transfer.
13. Seller Upon Receipt of the payment , pays all intermediaries involve in the transction.
14. Seller issues title change/ transfer of product to buyer.

CIF (Vessel to Vessel)

(ID: PPCIFVTV181123-HAB)

1. The Buyer issues ICPO along with below items :
   – Company Profile
   – Banking Account Details
   – CEO Passport Copy
   – Company Registration Certificate
   – BCL along with ATV
2. Seller issues Commercial Invoice (CI) for the lifetable quantity vessel in ship in Fujairah Buyer signs and return CI in WORD Format. Seller issues the following documents after receipt of the signed CI, seller invite buyer in his office with Excellus’s agent and present the following:
   1. Copy of Company Registration Certificate.
   2. Export License
   3. Product Passport.
   4. Commitment to Supply
   5. Ship Receipt
3. The Buyer Arrange the SGS Inspection Team to conduct Dip Test in the seller ship on buyer’s expense.
4. Upon full verification, the Buyer provides its CPA, Q88 and all vessel details and Seller injects product into Buyer’s vessel.
5. The 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 payment confirmation pays all intermediaries involved in the transaction.
7. Buyer lifts the product with its vessel tanker.
8. The Seller sends SPA to buyer for one year subsequently monthly shipments continue as per terms and conditions of the contract.