1. Buyer issues ICPO containing the Seller\'s working
procedure with banking details and scanned copy of the Buyers
passport and TSA not older than *0 days.
2. Seller issues commercial invoice of the
product; Buyer sign and return the commercial invoice to the Seller
along with an acceptance letter of the sales and purchase
procedure.
3. Seller Verify The Buyer Logistics
Storage Company With Local Port Authority and issue deposition form
to be signed between refinery and buyer tank storage company. After
signing, seller issue PPOP Listed Below
a. GPS coordinate-tank storage receipt
(TSR) with scanned barcode, b. Unconditional DTA
c. Authorization to sell and
collect.
d. SGS report. (****2hrs.)
e. Authorization to verify
(ATV).
4. Buyer inspect by SGS (dip test in tanks)
on Buyers expenses if required.
5. Seller issues document to all
intermediaries involved in the transaction and to the Buyer
endorsed NCNDA/IMFPA.
6. Upon successful dip test in the tank,
the Buyer makes the payment for the product via MT**3, and the
Seller transfers title owner ship to the Buyer.
7. Seller transfers title owner ship to
buyer product.
8. Seller pays commissions to all
Intermediaries involved, for the initial lift and all subsequent
lifts.
