The seller's PROCEDURES are standard and considerable for REAL & SERIOUS buyers to accept, please take your time to read carefully as stated below. CIF PROCEDURE: 1. Buyer issue ICPO (a)Buyer Company comprehensive profile (b)Buyer’s Copy of identification materials (international passport). 2. Seller issues the Draft Contract (SPA) along with export director passport copy for revisions and the Buyer sign, returns the signed Draft Contract. 3. Seller appoints an Escrow company Hong Kong Seller and Buyer, agree on all conditions of the Escrow Agreement contract, both sign the Escrow Agreement :-( Buyer can meet to sign escrow agreement in person). 4. Seller and buyer each deposit % of the product cost of the first-month shipment with the Escrow Company,(% depends on the product volume) all parties sign and NCNDA/IMFPA the seller officially invites the buyer to have a Table Talk Meeting (TTM) in office (Refinery). 5. The seller issue (PPOP) to Buyer via swift bank to bank. List of Documents (PPOP) to send bank to bank via swift: Company registration certificate. Certificate of origin GOST, Passport of the Product Commitment to Supply, Statement of Availability Of The Product, Title Transfer Affidavit, Export clearance Affidavit, Proforma Invoice or Percentage Invoice. Registered, Legalized, Approved SPA. Endorsed Escrow Agreement Contract Endorsed NCNDA/IMFPA Transaction certificate for 12 months which gives the buyer the legitimate approval to purchase oil products from the Russian Federation for yearly contracts. 6. The buyer is to choose from below two payment options; a. Upon confirmation of the PPOP, the Buyer release payment instrument DLC/MT700 for the total contract face value, and the seller responds with 2%PB, and the buyer pays for the available monthly shipment via MT103 after successful dip test by the buyer (at buyer expense). b. buyer pays agreed % to the seller fiduciary agent Chinese Bank account (Payment via MT103-T/T in Chinese Yuan (RMB), and if the seller does not deliver products on times as agreed in signed/seal approved contract, the seller will refund buyer % payment and pay a penalty of the same amount to % to buyer. 7.Seller schedule shipment and full sets of delivery/payment documents to send bank to bank and refinery ships out the cargo to buyer destination port with seller own list of Full POP to send bank to bank via swift and the original hard copies will be handed over to the buyer by the vessel captain at the discharge port. Endorsed Charter Party Agreement (CPA) Charted Vessel Receipt (CVR) Cargo Manifest Tank ullage report Certificate of Authenticity Bill of Lading Q88 Fresh SGS Report (At Loading Port) Packing List Certificate Export Clearance Permit ATS/Authority to sell cargo if not exit buyer. Insurance Policy Commercial Invoice 8. Buyer pays the cargo invoice value after customs clearance (Q&Q Certificate(s) issued by CIQ at unloading port) to the seller account via (Payment via MT103-T/T in USD or the remaining % to the seller fiduciary agent Chinese bank account in Chinese Yuan (RMB). 9. The seller pays commissions to party all involved as per signed/sealed endorsed NCNDA/IMFPA. FOB PROCEDURE: 1. Buyer issues ICPO according to seller transaction procedure; attached with their banking details and passport copy of the company signed. 2. Seller issue commercial invoice of the product in seller tanks at loading port of Rotterdam or Russian Ports, buyer sign and return back the commercial invoice; Issue CONDITIONAL TM103/72 of % value out the total products values seller, and all parties sign the NCNDA/ IMFPA paymaster agreement. 4. Seller issue out the below POP documents. LIST OF POP DOCUMENTS: A: PRODUCT PASSPORT (ANALYSIS REPORT) B: REFINERY COMMITMENT TO SUPPLY C: TANK STORAGE RECEIPT (TSR) D: EXPORT LICENSE E: FRESH SGS Q&Q REPORT 5. Upon the certified SGS Quality and Quantity and Full POP confirmation by the buyer and their bank, buyer pays for the available product via MT103/ TT and withdraw the CONDITIONAL TM103/72. 6. Upon confirmation receipt of payment, Seller injects the product into the buyer’s provided storage tank or vessel tanker. 7. Upon complete injection to buyer’s storage tank or vessel tanker, Seller pays seller side commission and the buyer pays buyer side commission involved in the Transaction as per the executed paymaster fee protection agreement and the seller transfers Title of Ownership to the Buyer’s name. Best Regards, MARGARET FILIPPOVA
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