D2 DIESEL
1. After issuing the seller’ SCO (produced by title holder) and accepted by the buyer, buyer sends ICPO in accordance to Seller working procedure.
2. Seller confirms the buyer’s ICPO by sending the draft contract and the commercial invoice related to the lift able product.
3. Buyer countersigns and returns Commercial Invoice with full banking details.
4. Seller or Seller Bank sends Partial Proof of Product (PPOP) documents to buyers which consist of the below documentation upon the receipt of Buyer company profile and Registration.
A) Certificate of Origin of the Product. B) Company Registration Certificate.
C) Statement of Product Availability.
D) Product Quality and Quantity Report/ Passport (Dip Test
Analysis Result
E) Refinery commitment to produce the product.
F) Refinery Affidavit.
5. Buyer change title ownership from sellers name to buyer’s name. Upon confirmation of the issued documents, we will proceed to the Title Transfer from seller name to buyer's name, this process is compulsory to enable buyer have access to the Tank Farm as the Title Owner of the stored product to conduct Dip Test and make shipment arrangement with the Tank Farm if necessary. The fee payment for the Title Transfer from Seller Name to buyer's Name will be borne by buyer payable to the proficient Authority.
6. Seller provides Dip Test Authorization (D.T.A) to Buyer.
7. Buyer conducts dip test, lifts, and pays at sight via MT-103 / TT upon receipt of title to product along with Full POP.
8. Seller payout intermediaries involve as per NCNDA/IMPFA.
- Company Name: KUZMIN TRADE
- Country: RUSSIA
Send a message to this company
Please register to send a message to companies/brokers listed on our website.