Dear Supplier.We are looking for i) EN590 ii) ESPI crude oil iii) LCO light cycleCIF TRADING PROCEDURES AND PAYMENT TERMS: CIF trading procedures and payment terms 1. Buyer issues ICPO to seller The buyer issues ICPO to the seller. 2.Seller issues Draft Contract for buyer to countersign upon acceptance of terms and conditions. Back to the seller into PDF documents sent to the buyer, Both parties will hand over the final contract to their respective banks, and both parties will strictly follow the contract The seller issues a draft contract for the buyer to sign upon acceptance of the terms and conditions. The returned documents are turned into PDF documents and sent to the buyer. The two parties hand over the final contract to their respective banks. Both parties strictly follow the contract procedures. 3. The seller sends the full shipping information POP documents to buyer within 10 bank working days. The seller sends all the shipping information POP files to the buyer within 10 bank working days. 4. After the buyer's bank has received the confirmation of the original documents POP the seller's bank express delivery; Within five banking days, The bank designated by the buyer sends MT799 payment orders or issues MT760 / SBLC to the receiving bank designated by the seller. After the buyer's bank receives all the shipping POP original documents from the seller's bank express confirmation; the bank designated by the buyer sends an MT799 payment instruction or issues MT760 / SBLC to the certificate bank designated by the seller. Complete original POP shipping documents as follows: 4.1-Allocation Product Export Permit issued by the Ministry of Energy, 4.2-Certificate of Origin; 4.3-Commercial invoice signed by the seller; 4.4-Charter party Agreement to transport the product to discharge port; 4.5-Customs declaration; 4.6-Vessel Questionnaire Q88, Vessel Questionnaire Q88; 4.7-Clean--on--board Ocean Bill of Lading, clean ocean bill of lading on board; 4.8-Loading Port SGS Quality Inspection; 4.9 -Certificate of assignment of the right to goods (for the use of cans) 4.10-Shipowners with Buyer's Designated Shipping Agency (CHINASHIPPING AGGENCY (QINGDAO) CO., LTD.) Signed agency contract. contract. 4.11-Insurance Policy. 4.12-Cargo Manifest; 4.13 -REGISTERED HARD COPIES CONTRACT ISSUED BY THE MINISTRY OF JUSTICE. (Notarized hard copy) A registered hard copy contract issued by the Ministry of Justice. (Notarized hard copy) 5. Upon the arrival of the tanker at the port of discharge, the buyer MT103 / TT pays for the goods WithWith five banking days after the CIQ inspect 5. Upon the arrival of the tanker at the port of discharge, the buyer MT103 / TT pays for the goods WithWithin five banking days after the CIQ inspection has passed. After the seller's bank confirms receipt of the payment, the buyer's bank automatically transfers the right to the goods. After the tanker arrives at the port of discharge, the buyer pays MT103 / TT within five bank days after the CIQ inspection is qualified. After the seller's bank confirms receipt of the payment, the buyer's bank automatically transfers the right to the goods. 6. Shipment of goods as according to the contracted scheduleKindly contact. Show More