D2 Sellers Published date: July 9, 2018

FOB DIP/PAY TRANSACTION PROCEDURE.

Ruusian Origin

1). BUYER ISSUE ICPO. + Company-prifile + Passport-copy

2). SELLER ISSUE C.I. WITH HIS EXPORT LICENSE. BUYER SIGNS C.I. AND RETURN BACK TO SELLER WITH HIS TSA (ISSUED BY BUYER OR BUYER’S ASSOCIATE COMPANY).

3). SELLER ISSUE THE BELOW LISTED PROOF OF PRODUCT DOCUMENT TO BUYER:
A. INJECTION REPORT & TIMESHEET AND TANK’S STATEMENT OF FACTS (ROTTERDAM)
B. PRODUCT PASSPORT (QUALITY & QUANTITY ANALYSIS)
C. DTA (DIP TEST AUTHORIZATION LETTER) UNCONDITIONAL
D. CERTIFICATE OF ORIGIN E. ULLAGE REPORT F. TSR (TANK STORAGE RECEIPT) WITH PHYSICAL ADDRESS AND GPS COORDINATES.

4). BUYER SECURE ITS TANK TIME AND PROVIDES ITS TSR & ATI TO SELLER TO PERFORM DIP TEST ON THE PRODUCT ON SELLER’S TANKS (ONLY UPON PHYSICAL VERIFICATION OF THE PRODUCT AND SUCCESSFUL DIP TEST) IN SELLER’S TANKS VIA SELLER’S ATV BY BUYER’S PROFESSIONAL / SGS INSPECTOR OR EQUIVALENT.

5). UPON SUCCESSFUL DIP TEST RESULTS OF THE PRODUCT IN SELLER’S TANKS, BUYER MAKES PAYMENT VIA MT103/TT FOR THE TOTAL VALUE OF THE PRODUCT AGAINST FINAL CERTIFICATE OF ANALYSIS (Q & Q), FULL POP DOCUMENTS AND SIMULTANEOUSLY THE TITLE TO THE PRODUCT IS PASS ON TO THE BUYER OR DESIGNATED BUYER WITH ALL EXPORTATION DOCUMENTATION OF THE PRODUCT. BUYER LIFTS THE PRODUCT.

6). SELLER PAYS ALL COMMISSION TO INTERMEDIARIES INVOLVE IN THE TRANSACTION. BUYER AND SELLER SIGNS AND EXECUTE THE SUBSEQUENT MONTHLY CONTRACT SHIPMENT DELIVERY AND THE MONTHLY SHIPMENT DELIVERIESCONTINUES AS AGREED IN SCHEDULE FOR DELIVERY AND BUYER MAKES PAYMENT FOR EVERY SHIPMENT DELIVER TO BUYER RECEPTION FACILITY AT DESTINATION PORT VIA MT103/TT AFTER BUYER CONFIRMATION OF QUALITY & QUANTITY THRU SUCCESSFUL DIP TEST BY SGS OR EQUIVALENT ON EACH MONTHLY SHIPMENT


TRANSACTION PROCEDURES FOR CIF ASWP.
1). BUYER SENDS ICPO WITH COMPANY PROFILE, SELLER RETURN WITH FCO BUYER SIGN FCO RETURN TO SELLER.

2) SELLER SENDS SPA CONTRACT TO THE BUYER FOR SIGN AND SEAL, SELLER LEGALIZES CONTRACT WITH RUSSIAN MINISTRY AND SENDS COPY OF LEGALIZED CONTRACT TO BUYER.

3) SELLER ISSUES PROOF OF PRODUCT PPOP TO BUYER, NOTE: BUYER/SELLER BEAR THE COST PPOP NOTARIZATION/APPROVAL AND STAMP DUTY, IN TOTAL AMOUNT OF, THE DUE REQUEST PAYMENT IS REFUNDABLE AND WILL BE DEDUCTED FROM FINAL PRODUCT PAYMENT UPON SUCCESSFUL OF THE TRANSACTION
A. ATTESTATION OF ALLOCATION
B. REFINERY REGISTRATION CERTIFICATE
C .CERTIFICATE OF ORIGIN D. COMMITMENT TO SUPPLY E. CERTIFICATE OF QUALITY AND QUANTITY Q&Q F. PRODUCT PASSPORT

4) UPON BUYER CONFIRMATION RECEIPT OF PPOP DOCUMENTS

5) BUYER BANK ISSUES FINANCIAL INSTRUMENT DLC/MT700 LETTER OF CREDIT TO SELLER’S BANK. UPON SELLERS CONFIRMATION OF BUYER BANK SWIFT DOCUMENTARY LETTER OF CREDIT, BUYER SIGN CPA CHARTER PARTY AGREEMENT WITH SHIPPING COMPANY AND SELLER SENDS TO BUYER OCEAN BILL OF LADING/CARGO MANIFEST, CARGO Q88, CARGO ULLAGE REPORT, AND SGS REPORT. SELLERS BANK ISSUE 2% PB TO BUYER’S BANK AND RELEASE THE FULL TITLE TO BUYER

6) SELLER WITHIN 24 HOURS COMMENCES SHIPMENT. 7) BUYER BANK RELEASE PRODUCT PAYMENT (MT103/TT) UPON ARRIVAL OF CARGO AT DISCHARGE PORT. SELLER WITHIN 48 HOURS PAY COMMISSION TO INTERMEDIARIES INVOLVED, SELLER AND BUYER SIGN FRESH CONTRACT ON MONTHLY BASIS X 12 MONTHS

Plaese send your LOI or if you have any question to:
Tradeag@aol.com

• Company Name: Bemga Germany
• Country: Germany

Send a message to this company

Please register to send a message to companies/brokers listed on our website.