JP54 Sellers Published date: October 16, 2015 Modified date: October 16, 2015

Procedure to be Follow

1) Buyer Issue ICPO.
2) Seller issues draft contract with commercial invoice to buyers, buyers sign and returns to sellers for final endorsement. NCNDA is signed and endorsed by parties involved.
3) Upon confirmation of the signed documents Seller issue to buyer the below PPOP DOCUMENTS

A.COMMITMENT ASSURANCE LETTER TO SUPPLY
B.PRODUCT PASSPORT
C.SCHEDULE FOR DELIVERY

4) Seller and buyer endorse the tank storage agreement (TSA) with the hired tank facilitator of the respective port tank farm.
5) Seller transport/ inject the product into the hired tank and furnish the buyer the TSR, SGS AND DTA to conduct the dip test.
6) Upon successful dip test, buyer make payment by MT103 or TT wire transfer for the total product available.
7) Upon Confirmation of act of transfer in buyers name, seller issues to the buyer, Title of ownership certificate to be followed by all export documentation, Buyer Conduct DIP TEST And lifting commerce and buyers release payment instruments as agreed to both parties.
8) Both Parties proceed with the signing for the 12 Months contract upon completion of the first trial order.

Payment Terms

TRANSACTION TERMS OF NEGOTIATION

PAYMENT TERMS : TT, MT103-TT Wire Transfer for First Lift Able SPOT Shipment Quantity and DLC MT700 FOR Monthly Contract Shipment Quantity.
LOADING PORT : Rotterdam, Primorsk port, Vladivostok, Novorossiysk, NAKHODKA PORT
INSPECTION : SGS or SIMILAR AT THE LOADING PORT.
INSURANCE : 100%
STANDARD COMMISSION: $6 USD PER BARREL. THESE COMMISSION IS SHARED EQUALLY BETWEEN BUYER SIDE AND SELLER’S SIDE.

• Company Name: SAJA
• Country: Iran

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