1. Buyer issues Irrevocable Corporate Purchase Order ICPO with seller procedures, along with BCL from the buyers bank
  2. Seller issues original MOU for Buyer’s review and endorsement.
  3. Upon the receipt of countersign MOU from Buyer, Seller emails to Buyer the listed below PPOP and Shipping documents:
    a. Certificate of Origin
    b. Company License to Export
    c. Product Passport (Analysis Result)
    d. Tank Receipt (TRS)
    e. Ullage Report
    f. Cargo Manifest
    g. Bill of Lading
    h. Vessel’s Q88 & CPA
    i. E.T.A (Estimated Time of Arrival) of Vessel
    j. Invoice for Title Transfer.
  4. Upon receipt of the above documents, Buyer verifies the availability of the product currently on the sea and within
  5. 24 hours makes payment for Title Transfer of the consignment by T/T payable directly to the Refinery.
  6. Upon confirmation of the above Title Transfer Payment, Seller Orders for Re-route to buyer’s desired port, issues
  7. the ACT of TRANSFER in Buyers Name, Title of Ownership Certificate to be followed by all Export
  8. Documentation will be sent to the buyer alongside the SGS Report at the loading Port.
  9. Vessel arrives the Discharge Port, the Vessel Captain hands over all the Original POP documents to Buyer.
  10. Buyer carries out the CIQ/SGS inspection and upon successful inspection, T/T Wire Transfer the total contract,
  11. Seller within 24hours release payments to all intermediaries by T/T Wire Transfer