FOB PROCEDURES SPOT / CI, DIP-PAY) (3)1. Buyers deposit ICPO and TSA2. The seller publishes the commercial invoice with the logistics of storing the product in the tank.3. The buyer signs the IC and the customer logistics provider as proof of the buyer`s performance and availability of inventory.4 The seller releases the following. ATV: The buyer fills the ATV5. The seller continues the release through BANK TO BANK a) DTA b) Q-Q Analytical Report c) Authorization to Sell and Collect (ATSC)d) Commitment and Guarantee Assurance Letter to supply.5. Buyer Effects DIP and PAY to allow the seller to release TITLE OF OWNERSHIP CERTIFICATE and all other export documents6. The seller pays commissions and possible roles and extension. (A) Product Passport (B) Certificate of Origin (C) Product Injection Report (D) Product Availability Statement (E) Delivery Obligation (F) Authorization for Sale and Collection. 5. The buyer performs a dip test on the product and makes payment of the total value of the product injected into the tanks using MT103-TT within 24 hours of the product`s Q/Q confirmation. 6. The seller pays all intermediaries participating in the transaction, and then the monthly shipping continues by sales contract between Refinery and the buyer`s company.
1) Buyers issue ICPO with: -A) The company`s banking data. B) the name of the issuing bank for DLC MT700. C) Passport copy of the signatory. D) Certificate of creation or commercial license. E) Business profile.2) The seller makes the full offer of the company, the buyers sign FCO; and the seller sends a draft copy of the sales contract.3) The buyer returns to the seller signed sales contract (with the full contact details of the buyer`s port agent)4) The seller offers the export license to the buyers – to confirm the seller`s ability to export.5) Both parties go both parties to name the top-rated Russian charter company, by:A) both parties also share the cost of chartering for one month of travel for the amount of the test order. B) The seller agrees to reimburse the buyer 50% of the charter fee in the final commercial invoice for payment at the buyer`s port. C) After the CPA waterproofing, as an option, the seller may invite the buyer for TTM in Russia and, upon arrival of the vessel in the loading port, witness the loading of the vessel.6) Upon arrival of the vessel in the loading port; documents (a) the product availability statement. B) Letter of commitment to delivery. C) Proforma invoice for the first test delivery with a 50% charter fee deduction. D) Notarized product passport with Ministry of Energy. E) Notarized contract with the Ministry of Energy. F) Granting transaction Passport code certificate.
G) Ship load plan.7) After loading; Sellers send the pop to the buyer through the government couriers (fees to be borne by the seller):A) certificate of origin. B) copy of the export license issued by the Russian Ministry of Energy. C) Copy of Q-Q certificates issued at the loading port by an independent surveying company appointed by the seller. D) Ullage-report-identification of cargo loaded with quantity expressed in tons. E) copy of the ocean unloading marked « Freight Prepaid » « cleanly on board. » F) Signed commercial invoice, with quantity, result of quality investigation, name of ship and date of loading. G) copy of the charter`s holiday agreement. H) Details of ship Q88. I) the authority to sell and collect.8) ship put on the journey to the buyer`s unloading port and on arrival the seller provides the buyer with: – a) the license to test dip. B) ATB for inspection according to SGS/CIQ.9) Within three bank days of the CIQ inspection; The buyer arranges the bank payment TT or MT103 against the transfer of title.10) Buyer bank issue IRDLC operational MT700 / SBLC MT760 for 12-month contract and the seller provides 2% PB.11) For each delivery ticket; The seller pays commissions to all intermediaries according to ICC NCNDA/IMFPA within 3 days.