INTERNATIONAL TANKER TO TANKER STANDARD PROCEDURE IN THE HIGH INTERNATIONAL WATERS: 1. Seller sends FCO. 2. Buyer accepts FCO and countersigns, issues an official ICPO. 3. Buyer issues ICPO 4. Seller TAKE OVER CONTRACT 5. Both partiesâ signs TAKE OVER CONTRACT and seal it 6. Seller issues partial POP including: a. Current Bill of Lading (To enable buyer spot the vessel/cargoâs location) b. Product availability c. Product Passport d. Refiner commitment to supply product e. Refinery insurance certificate from refineryâs insurance company to guarantee the trial shipment delivery f. Vessel Manifest 7. Upon confirmation of the above partial POP documents, buyer shall borne charges (USD 178,000.) to the shipping company designated agent nominated by the shipping companyâs for re-routing of the vessel to buyerâs destination port (NOTE: The price for re-routing the vessels depends on buyerâs destination port and product type)the listed price above is from Russia to any Asia country. (The re-routing prices varies, on the quantity and product) 8. Seller shall issue full POP to buyer via bank to bank: a. Copy license to export, issued by the department of the ministry of energy b. Copy of approval to export, issued by department of the ministry of justice c. Copy of Transnet contract to transport the product to port o loading d. New copy of charter party agreements to transport the product to discharge port. e. NEW Bill of Lading to buyer destination port f. Allocation passport certificate issued by ministry of solid minerals and natural Resources g. DTA & ATB 9. Buyer takes over vessel as vessel sails to buyerâs destination port and buyer can also board the vessel in the high sea 10. Upon confirmation of the vessel at buyerâs port, seller shall give buyer maximum of 5 working days to as attain Q&Q and make payment for full product at buyer destination port via TT. Note that upon finalizing of trial shipment we shall roll into 12 months contract depends on buyerâs orders and quantity and we shall deliver monthly delivery without buyer putting for any delivery guarantees like BG or LCs, we shall delivery month and buyer will make payment 5 days after inspection at buyerâs port of delivery