CR02 Jet A1, EN590 CIF ESCROW PROCEDURE Jet A1 $84.00 EN590 $540.00 Origin: Kazakhstan CIF ESCROW PROCEDURE 1. Buyer issues LOI, seller issues FCO for buyer to sign and return with following below: a) Buyer official Irrevocable Corporate Purchase Order (ICPO). b) Buyer company certificate of business incorporation/ registration. c) Buyer Company comprehensive profile. d) Buyerâ??s Copy of identification materials (international passport). 2. Seller issues SPA to buyer for review/countersign forward back to seller with acceptance letter, and seller issues Product Passport/Company Certificate and appoint Escrow Company in USA for both parties to sign Escrow agreement. Both parties pay consultation costs (1) to the attorney law firm before an escrow agreement can be drafted. 3. Seller and Buyer sign Escrow agreement and buyer makes 10% Escrow deposit of total value products for one shipment and Seller schedules shipment, ships out the cargo to the buyer destination port and sets of Full POP documents below to buyer/delivery documents send to buyer below; All party sign NCNDA/IMFPA. a) Certificate of Authenticity. b) Bill of Lading. c) Q88. d) Packing List Certificate. e) Export Clearance Permit. f) Insurance Policy. g) Commercial Invoice. h) Company registration certificate. i) Certificate of origin GOST. j) Passport of the Product. k) Commitment to Supply. l) Statement of Availability of the Product. m) Export clearance Affidavit. n) Registered, Legalized, Approved SPA. 4. Transaction certificate for 12 months which gives the BUYER the legitimate approval to purchase oil products from the Republic of Kazakhstan for yearly contracts. 5. The Buyer makes the product payment in full via MT-103/TT and Escrow company return 10% Escrow deposit to buyer. Seller transfers the Title Ownership to the Buyer Company and the Seller pay commissions to all involved via NCNDA/IMFPA.
CR01 Jet A1, EN590 Tank To Vessel Procedure Jet A1 $84.00 EN590 $540.00 Origin: Kazakhstan Tank To Vessel Procedure (TTV ROTTERDAM PORT) NOT NEGOTIABLE. 1. Buyer issues official ICPO including buyer company certificate and buyer international passport to the seller 2. Seller acknowledges Buyer ICPO and issues Commercial Invoice, Buyer signs and returns back Commercial Invoice (CI) along with, all parties sign NCNDA/IMFPA; a) Charter Party Agreement (CPA) b) Pipeline Injection Agreement (PIA) 3. Seller provides Buyer with the below listed PPOP: a) Certificate Of Origin (COO). b) Local Dip Test Analysis Result Report (Equivalent to SGS). c) Injection Report (IR). d) Tank To Vessel Injection Agreement (TTVIA) to be endorsed by Buyer Pipeline Company. 4. Buyer endorses TTVIA with his Pipeline Company or transfers Title to the buyer's name to facilitate physical verification and dip test of the product in seller tank before Injection into vessel. 5. After a successful Dip Test in Sellers tanks, Buyer Pipeline Company starts Injection into the Buyer Vessel or Seller injects into buyers vessel and the buyer makes the payment for the total value of the product injected into the Vessel through the means of MT103-TT. 6. Upon seller receives the payment for the product from the buyer, the seller issues to the buyer the Title ownership of the product and all exporting documents of the Product. 7. The seller pays all Intermediaries involved in the transaction and close the transaction. Transaction Procedure TTO/OPL/STS 1. Buyer accepts the seller's offer/Procedure, and Buyer will issue an ICPO, CP and Passport Copy. 2. The seller will issue MOU, Cargo Marine Insurance Bid Bond to Buyer for Securing the Vessel and Title Transfer ownership. All parties sign NCNDA/IMFPA. 3. Seller Issues: a) Bill of Lading b) Q88 c) CERTIFICATE OF ORIGIN d) CERTIFICATE OF QUALITY AND QUANTITY (Q&Q) at the Loading port. 4. Buyer pays 1% of the product amount for Cargo Marine Insurance Bid Bond to secure the Vessel and Transfer Title Ownership OR pays $195,000 for Authorization to Board the Vessel at the Destination port as the vessel arrive. Note: Buyer does not have the right to Dip Test the product they have not secured. 5. The seller will issue the following POP documents and order the re-routing of the vessel to the buyer's desired port and transfer the title to the potential buyer's company's name. a) Product Passport (Quantity & Quality Dip Test Analysis Report) b) Certificate of Origin c) Commitment to Supply d) Ullage Report e) Cargo Manifest f) Vessel Q88 g) Title Transfer Invoice h) Fresh SGS Report i) Injection Report 6. The vessel will arrive at the discharge port, and the buyer will carry out the CIQ/SGS inspection. Upon successful inspection, the buyer will make the full payment for the product to the seller through MT103 T/T.
