We offer all petroleum and Gasoline Products.



CIF PROCEDURES

1. Buyer issues L.O.I
2. Seler issues S.C.O
3. Buyer issues Irrevocable Corporate Purchase order (ICPO) on their official company letterhead with POF and C.P with Company Certificate.
4. Seller issues Commercial Invoice (C.I) for the lift able goods.
5. Sller issues Draft SPA Contract for 12 months to the buyer.
6. Buyer Returns Signed and Accepted Commercial Invoice (CI) and SPA Contract with NCDA/IMFPA to the seller.
7. Buyer Issues BG or SBLC via MT760 to seller's Fiduciary Bank
8. Seller's Fiduciary Bank swifts Full set of POP with shipping documents plus 2% Performance Bond (PB) to Buyer's Bank within 72 hours after Seller's Confirmation of the Bank Instrument
8.1 Full POP Documents Listed Below:
-The letter of guarantee of an oil refining
-Copy license to export issued by the ministry of enerygy
-Copy of approval to export issued by the ministry of justice
-Copy of statement of availability of the product
-Copy of the refinery commitment to produce the product
-Copy of TRANSEFT contract to transport the product to the port
-Copy of the Port Storage Agreement
-Copy of the charter party agreement(s) to transport the product to the discharge Ports
-Copy of tank storage receipts
-Copy of DIP test authority
-SGS Reports from loading port
-Ocean Bill of Lading
-Insurance (110%)
9. Shipping of the goods will/shall be commenced within 10-15 days from the date of the seller's receipt of the acceptable payment instrument or earlier
10. SGS(or Equivalent) inspection at buyer's discharge port together with final Commercial Invoice submitted to Buyer and Buyer's Bank
11. Buyer makes payment by MT103/TT wire transfer.
12. Seller's receipt of full payment
13. Title of ownership shall automatically be transfered to the buyer's Bank from seller bank
14. Seller or Seller Mandate via seller pays all the commisions to the intermediaries involved in this transaction within 24 hours after seller's Confirmation of buyer's payments.