PROCEDURE TTO DIRSEL EURO 5 (10 ppm) C.I.F.-COST, INSURANCE, FREIGHT CONTRACT PROCEDURE
- Buyer Issue Irrevocable Corporate Purchase Order (ICPO) Directly seller's Mandate company or CHEVRON MUNAIGAS INC with buyer's company letterhead indicatin company profile and Company registration Certificate along-side with banking information and buyer's international passport, page must be attached.
.Seller acknowlege Buyer ICPO and send Allocation letter of Acceptance to Irrevoable for signing, buyer sign and return back to seller .
- .Seller issues SPA to Buyer (SPA IS OPENED FOR AMENDMENT) Buyer signs seal and returns the SPA to seller, by electronic email. Upon receipt Seller send NCNDA/IMFPA to all intermediaries for signing. Seller legalized & Notarized Partial proof of products, PPOP authentication/approval legalized by the (authority) Ministry of Energy by seller's expenses. upon receipt, seller send POP Documents to buyer .
A.Company Registration Certificate.公司注册证书
B.Statement of Product Availability.可供货能力陈述
C.Product Quality Passport.产品护照
D.Refinery Commitment to Produce / Supply.炼厂保证供货函
E.Refinery Legalized Draft Contract SPA from the F.Ministry Of Energy & Notary能源部认证双方签署的合约
G.Commercial Invoice for the first lift首次交货数量发票
H.Certificate of Origin.产地证明
- Upon confirmation of Seller's legalized & Notarized Partial proof of products, (ACCORDIING TO THE CONTRACT VERBRIAGE) within 7 banking days,Buyer's bank sends non-Transferable Irrevocable Operative DLC via MT700 according to seller's fiduciary bank verbiage to seller nominated fiduciary offshore bank account for first month shipment, Seller Alternatively bears responds with 2% performance bond.
If buyer fails to issue instrument DLC MT700 within 7 banking days, buyer ill make cash deposit SUSDS320,000 by TT wire transfer for security guarantee deposit. Seller Alternatively bears responds with 2% performance bond this Payment will be deducted from the total cost of product after Q8Q inspection at discharge port Upon comfirmation of the security guarantee deposit by seller's bank. seller at its own expenses Commerce chatter shipping/Logistics and alert buyer on shipments ordered graphic/schedule accompanied with the submission of nominated vessel details to buyer .
- Seller's bank responds with contractual operative 2% PB and send full pop to buyer's bank ithin seventy-two (72) hours' upon recipt of buyer's instrument confirmed by seller's bank. Within 5-7 working days commencing loading activities for the transportation of the product to the Buyer nominated unloading port.
Seller will provide the below documents to Buyer via courier service, the original Bill of Lading, and any necessary shipping documents to enable buyer handling advance customs clearance upon vessel at the discharge port, seller will also release the full documents to Buyer via email:
A. ·Copy of the Charter Party Agreement(S) To Transport the Product to Discharge.
B. Copy of License to Export, Issued By the Department of the Ministry of Energy.
C. Copy of export product allocation Quota Certificate Issued on Buyer's name by the Kazakhstan Ministry of Energy
D. Copy of Approval to Export, Issued By the Department of the Ministry of Justice.
E. Copy of the Contract to Transport the Product to the Port.
F. Copy of the Port Storage Agreement.
G. Statement of Availability of The Product
H. Refinery Commitment to Supply the Product
I. The Authorization to Board (ATB) the Vessel for inspection.
J. Copy of the Resource Certificate·Copy of allocation Number
K. Terminal Service Receipts (TSR )
L. Certificate of Origin
M. Bill of Lading and Manifesto
N. SGS reports of Quality and Quantity
O. Vessel Q88
P. Certificate of Insurance, issued by the internationally recognizedinsurance company, for a minimum of 110% of the CIF value of Goods on board each vessel.
Q. Signed Commercial Invoice
R. Unconditional test Authorization (UDTA) &ATB NOR /ETA.
S. Certificate of Ownership Transfer
T. Allocation Transaction Passport Code Certificate (ATPCC) by the Ministry of Energy.
U. Title of Ownership Certificate
V. ATSC (Authorization to Sell and Collect)
- Upon the arrival of the vessel at the Buyer discharge port, Payment will be made for the delivered quantity and quality by the Buyer's Bank via TT/MTI03 to the Seller's Bank, after the inspection by SGS(CCIC/CIQ) at the port of discharge by Buyer and the delivery to the Buyer's Bank of all documents required, and Seller issues to Buyer Title of Ownership Certificate.
- For each shipment under the contract, Buyer releases 100% payment in the amount and the currency (/USD/or other currency equivalents)on the invoice provided by Seller, via Telegraphic Transfer (International remittance) or MTI03 to Seller's designated bank, within (3) working days after satisfaction of the inspection report from CIQ/CCIC at discharge. port.
- Seller makes the payment for remuneration of labor immediately to the intermediaries, according to NCNDA/IMFPA after receipt of payments from Buyer,and both parties commence monthly shipment as per the signed and sealed legalized contract .
