Step 1: Submission of ICPO
The Buyer issues an Irrevocable Corporate Purchase Order (ICPO) including Seller's working procedure and
Banking details.
A scanned copy of the Buyers passport data page.
Certificate of Incorporation.
Charter Party Agreement (CPA)
Step 2: Issuance and Signing of Commercial Invoice
The Seller issues a Commercial Invoice (CI)
The Buyer signs and returns the Commercial Invoice to the Seller.
Step 3: Release of Partial Proof of Product (PPOP) Documents
Upon receiving the signed Commercial Invoice, the Seller provides Partial Proof of Product (PPOP)
Authorization to Verify (ATV)
Commitment Letter to Supply
Certificate of Origin
Statement of Product Availability
Authorization to Sell/Collect
Tank Storage Receipt (TSR)
Injection Report
Step 4: Terminal Access and Dip Test Preparation
The Seller grants the Buyer terminal access credentials or authorizes the Buyer to obtain a Terminal Access Agreement (TAA) from the Sellers tank farm.
This allows the Buyer to conduct a dip test for quantity and quality inspection by SGS at the Seller's tank.
Step 5: Conducting the Dip Test
Upon securing terminal access, the Seller issues a Dip Test Authorization (DTA) to the Buyer.
The Buyer and their SGS Inspection team conduct a dip test on the product stored in the Sellers tank.
Step 6: Notice of Readiness for Injection
Following satisfactory dip test results, the Sellers storage company issues a Notice of Readiness (NOR) for the injection process to commence.
Step 7: Logistics Preparation for Injection
The Buyer provides the following documentation:
Q88 (vessel questionnaire) ATI (Authorization to Inject) from their logistics/shipping company.
The Buyer ensures the vessel is made available for the injection process as scheduled.
Note: Injection fees apply if the Buyer does not provide their own injection personnel.
Step 8: Completion of Injection and Release of POP Documents
Upon completion of the injection, the Seller releases the following Proof of Product (POP) documents to the Buyer:
Product SGS Report
Pipeline Injection Report
Authority to Sell and Collect (ATSC)
Product Passport (Analysis Test Report) NCNDA/IMFPA for all intermediaries involved in the transaction.
Step 9: Payment and Transfer of Ownership
Upon confirmation of the POP documents and endorsement of the NCNDA/IMFPA, the Buyer makes payment for the total product value injected into the vessel via MT103 TT wire transfer.
The Seller pays all intermediaries involved in the transaction within 24 hours of receiving payment and transfers the Title of Ownership Certificate to the entity nominated by the Buyer.
Step 10: Subsequent Shipments
