Oil products

Description

Hello.
I`m in direct contact with a seller of oil products.
Good prices. If you can comply with selles procedure, pleas contact me.
Skype: kristoffer.sweden*9

1. Buyer issues ICPO with full contact and bank details.
2. Supplier issues draft CONTRACT AND PROFORMA INVOICE for negotiation.
Buyer and seller sign and seal after mutual agreement. (The contract and the invoice
signed and sealed are sent to the banks).
3. Upon the signature of the FINAL CONTRACT AND THE PROFOMA INVOICE with
Transaction code reference number, Buyer\'s Bank issue for each cargo one
MT **3/*2 CONDITIONAL OR WIRE TRANSFER CONDITIONAL
or(to check and verify the documents and the product, including the Dip Test Authorization)
and REVOLVING. Send via Swift to the supplier’s bank, with copy to supplier’s secure E**-mail.
- Only the Buyer can release the payment when the condition from the Seller is met, which in this case is: “CONDITION:
 Payment is
released only against documents and product being properly delivered and loaded at the loading port.
The payment is NEVER released before verification by The Buyer of all product documentation, and that the product loaded on the ship.
- The Money is always under the control of The Buyer. The Seller on his part, accepts withholding of the money by Buyer for *0 Banking days, in those *0 days all documentation including DIP TEST and SGS, must be verified by the Buyer who will receive the BILL OF LANDING verifying that (i) the product being delivered meets all the technical specifications of The Buyer; and (ii) that the product is loaded on the vessel, and ready to go, free and clear.
- The only way to release the payment is: that product is verified by The Buyer and title over the product if transferred to The Buyer and that the Vessel leaves the port of destination, free and clear.
- The Buyer has the right to have a representative at the site of the Loading Port, so that Buyer can complete inspection of the product at his full satisfaction, and verifying that product is loaded into the Vessel, to the effects of verifying that all steps previously described are completed, before releasing the payment, and make sure that this is done under total security and safety.
- Along with the Contract of Sale, at the moment of signature, the Buyer may issue a formal written request on his own letterhead duly sealed, requesting that the Buyer or Buyer’s representative may be at The Loading Port of shipment, so the Seller may manage and issue the appropriate authorization to the Buyer or his representative, to be on the Loading dock, in situ, at the precise moment that product is being delivered and loaded into the Vessel, has been described above in this report, before the payment of the product is released by The Buyer. In this way, with this authorization, it will be possible for The Buyer or his representative to make direct verification with their own eyes, that all conditions of validity of the product and loading process are completed before the release of the payment.  
4. Upon confirmation of the MT **3/*2  CONDITIONAL the Supplier Issue immediate the following:
 
All the documents regarding to the product at following:
 
a) The Dip Test Authorization, tank storage, receipt and survey report made by SGS or IASC
b) Tanker Ullage report at loading port, with time log and Shipmaster report.
c) Certificate of Origin, countersigned by a local Chamber of Commerce.
d) Notice of readiness (NOR) lodged by Shipmaster at loading port, countersigned for
acceptance by terminal’s representative.
e) Signed commercial invoice, based on the delivered quantity/quality, showing
name of vessel date of completion, loading quantity and state of delivery.
f) Master sample receipt at loading port.
g) Any other documents pertaining or related to the current trip, duly by the authorized Buyer’s persons.
h) Certificate of Insurance Coverage with payment confirmation issued by Insurance Company.
 
 
POP Documents
• Copy of license to export issued by the Ministry of Energy from the country ofproduct origin
• Copy of registration with Ministry of Justice **- Export Duty Control
• Copy of statement of allotment availability of the product by the refinery
• Copy of the refinery commitment to produce the product
• Copy of the 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
- Port
- • Assignment of ownership documents
- • Q*8 of vessel
- • SGS Q/Q certification issued by seller as well as Tank Storage Receipts and Dip Test result
5. Buyer will receive within a short time, all relevant documents of the POP after the
- Confirmation of the MT**3/*2.
Once the buyer has received all the documents, he has 5 (five) banking days to check and verify the product and all the documents (Including the DIP test).
 
6. Once the DIP TEST is done successfully, the supplier issues COMMERCIAL INVOICE to the buyer. When the Buyer approves all the documents the product will be loaded into the vessel. Buyer receives the Charter Party agreement with the shipping company, the insurance (**0% of the value of the product) and the Q*8 of the vessel.
7. Supplier issues Bill of lading within *4 hours upon completion of vessel loading.
8. After the vessel is completely loaded and before the vessel undocks the port, Buyer instructs his bank to release the payment (MT**3 wire transfer) against all relevant documents agreed and titles transfer in the name of buyer.