UCL
FOB-EUROPE TANK TO TANK PROCEDURE
1. Buyer Issues ICPO, Company Registration Certificate, Tank Storage Agreement Stipulates Seller Name as the Official supplier. NB: It’s important to note that seller will not accept any change of TSA from buyer after verification and approval.
2. Seller issues Commercial Invoice (CI), with Tank to Tank Injection Agreement (TTIA) to be completed and signed by the respective parties including buyer tank farm. And Seller pay advance fee to buyer tank farm to enable them endorse the (TTIA).
3. Buyer Countersigns Commercial Invoice (C.I.)/ Tank to Tank Injection Agreement (TTIA) and returns
4. Seller provides the buyer with the below-listed PPOP: I. Fresh SGS or CCIC (Q&Q Report) Less Than 48 Hours. original copy
II. Tank Storage Receipt. (TSR).
III. Authorization to Verify (ATV).
IV. Injection Report (IR) V. Certificate of Origin. Kazakhstan
VI. Product Passport. VII. Authorization to Sell& Collect (ATSC)
VIII. Dip Test Authorization (Unconditional DTA) IX. Allocation title Certificate.
5. Buyer orders SGS OR CCIC to conduct dip test of the product in the seller’s tank at buyer’s expense.
6. Upon successful dip test, Seller program the injection and commences injection to Buyer tank.
7. Buyer makes payment by MT103 or TT wire transfer for the total product and lift the product,
8. Seller pays all intermediary involve in the transaction within 24 hours’ after confirming buyer payment.
UCL
FOB-TANK TO VESSEL PROCEDURE -OPTION 2
1. buyer issues ICPO in accordance to seller working procedure
2. Seller “issues Commercial Invoice C.I, for the available quantity in the storage tank.
3. Buyer Countersigns Commercial Invoice (C.I.) and purchase the Injection Nozzle to enable seller program the injection after the dip test.
4. Seller issues below proof of product (documents) and invites buyer or their representatives for a Physical Inspection of the product.
I. Fresh SGS or CCIC (Q&Q Report) Less Than 48 Hours. original copy
II. Tank Storage Receipt. (TSR).
III. Authorization to Verify (ATV).
IV. Injection Report (IR)
V. Certificate of Origin. Kazakhstan
VI. Product Passport. VII. Authorization to Sell& Collect (ATSC)
VIII. Dip Test Authorization (Unconditional DTA) IX. Allocation title Certificate.
5. Buyer orders SGS OR CCIC to conduct dip test of the product in the seller’s tank at buyer’s expense.
6. Upon successful dip test, Seller program the injection and commences injection to buyer vessel.
7. Buyer makes payment by MT103 or TT wire transfer for the total product and lift the product,
8. Seller pays all intermediary involve in the transaction within 24 hours’ after confirming buyer payment.
UCL
TTM CIF PROCEDURE
1. Buyer confirms Soft Offer and issues an official Irrevocable Corporate Purchase Order (ICPO)
2. Seller issues sales and Purchase Agreement (SPA or Draft Contract) open for amendment with payment instruction for buyer.
3. Buyer will send his scan passport copies and that of his representatives, maximum 3 persons.
4. Seller secure Invitation for buyer including (3) days Hotel reservation and security on buyer expense.
5. Buyer visits Refinery for a Table Top Meeting (TTM) with the Board of Directors
6. Seller issues original contract for signatory, both parties exchange hard copy of contract and lodges contract in their respective Banks.
7. Seller signs the CPA with a shipping company and issues the Full POP documents.
8. Shipment commences as per contract schedule. Upon the vessel arrival, buyer release full payment via MT103 after CCIC/SGS at the destination port. Seller pays all intermediaries on both sides accordingly within 72 hours
FOB-EUROPE TANK TO TANK PROCEDURE
1. Buyer Issues ICPO, Company Registration Certificate, Tank Storage Agreement Stipulates Seller Name as the Official supplier. NB: It’s important to note that seller will not accept any change of TSA from buyer after verification and approval.
2. Seller issues Commercial Invoice (CI), with Tank to Tank Injection Agreement (TTIA) to be completed and signed by the respective parties including buyer tank farm. And Seller pay advance fee to buyer tank farm to enable them endorse the (TTIA).
3. Buyer Countersigns Commercial Invoice (C.I.)/ Tank to Tank Injection Agreement (TTIA) and returns
4. Seller provides the buyer with the below-listed PPOP: I. Fresh SGS or CCIC (Q&Q Report) Less Than 48 Hours. original copyII. Tank Storage Receipt. (TSR). III. Authorization to Verify (ATV). IV. Injection Report (IR) V. Certificate of Origin. Kazakhstan VI. Product Passport. VII. Authorization to Sell& Collect (ATSC) VIII. Dip Test Authorization (Unconditional DTA) IX. Allocation title Certificate.
5. Buyer orders SGS OR CCIC to conduct dip test of the product in the seller’s tank at buyer’s expense.
6. Upon successful dip test, Seller program the injection and commences injection to Buyer tank.
7. Buyer makes payment by MT103 or TT wire transfer for the total product and lift the product,
8. Seller pays all intermediary involve in the transaction within 24 hours’ after confirming buyer payment.
UNI POWER
FOB-TANK TO VESSEL PROCEDURE -OPTION 2
1. buyer issues ICPO in accordance to seller working procedure
2. Seller “issues Commercial Invoice C.I, for the available quantity in the storage tank.
3. Buyer Countersigns Commercial Invoice (C.I.) and purchase the Injection Nozzle to enable seller program the injection after the dip test.
4. Seller issues below proof of product (documents) and invites buyer or their representatives for a Physical Inspection of the product.
I. Fresh SGS or CCIC (Q&Q Report) Less Than 48 Hours. original copy
II. Tank Storage Receipt. (TSR).
III. Authorization to Verify (ATV).
IV. Injection Report (IR)
V. Certificate of Origin. Kazakhstan
VI. Product Passport.
VII. Authorization to Sell& Collect (ATSC)
VIII. Dip Test Authorization (Unconditional DTA) IX. Allocation title Certificate.
5. Buyer orders SGS OR CCIC to conduct dip test of the product in the seller’s tank at buyer’s expense.
6. Upon successful dip test, Seller program the injection and commences injection to buyer vessel.
7. Buyer makes payment by MT103 or TT wire transfer for the total product and lift the product,
8. Seller pays all intermediary involve in the transaction within 24 hours’ after confirming buyer payment.
TTM CIF PROCEDURE
1. Buyer confirms Soft Offer and issues an official Irrevocable Corporate Purchase Order (ICPO)
2. Seller issues sales and Purchase Agreement (SPA or Draft Contract) open for amendment with payment instruction for buyer.
3. Buyer will send his scan passport copies and that of his representatives, maximum 3 persons.
4. Seller secure Invitation for buyer including (3) days Hotel reservation and security on buyer expense.
5. Buyer visits Refinery for a Table Top Meeting (TTM) with the Board of Directors
6. Seller issues original contract for signatory, both parties exchange hard copy of contract and lodges contract in their respective Banks.
7. Seller signs the CPA with a shipping company and issues the Full POP documents.
8. Shipment commences as per contract schedule. Upon the vessel arrival, buyer release full payment via MT103 after CCIC/SGS at the destination port. Seller pays all intermediaries on both sides accordingly within 72 hours.
kc-Free on board (fob) rotterdam & houston port
1.buyer issues the following documents: icpo with seller working commercial procedure buyer’s company registration certificate. Buyer’s passport copy tank storage agreement
2.seller issues commercial invoice to buyer, buyer signs and seller countersigns
3.seller issues to buyer the following documents: -authorization to sell and collect -letter of guarantee -statement of product availability
4.seller issues to buyer the tank-to-tank transfer agreement (ttia) to be signed by buyer and buyer’s tank farm.
5.seller issues injection schedule to buyer and buyer’s tank farm.
6.seller commences dip test in seller’s tanks
7.upon successful dip test by buyer’s team in seller’s tanks, seller begins transfer into the buyer’s tank storage. All parties sign ncnda/imfpa.
8.the buyer makes payment by mt103 or tt wire transfer for the total product available.
9.the seller changes the title of ownership to the buyer’s name and pays all intermediaries according to the signed ncnda/imfpa for monthly deliveries and the buyer lifts the product.
KC-TRANSACTION PROCEDURE FOB ROTTERDAM/HOUSTON
1. Buyer issue ICPO and company profile (CP) in accordance with the seller’s working procedure and the buyer TSA.
2. The seller issues the commercial invoice for his product, in the tanks of the delivery port, the buyer will sign and return the commercial invoice, together with the letter of acceptance to the seller.
3. The seller will issue a copy (after the original) of the SGS report of the product, strictly only, to the buyer storage facility company, along with the Confidentiality agreement for Buyer Storage to sign and return to check the SGS report in their storage logistics office.
4. Upon confirmation of the successful verification of the SGS report by to the buyer Storage, they shall immediately, notify the buyer of the result of the inspection. The buyer will provide the seller, with the tank storage voucher (TSR) from his tank company.
4.1 Upon Seller confirmation of Buyer tank storage voucher (TSR), Seller issues the following POP documents to the buyer, while the Buyer will perform the Dip Test on the product, in Seller storage.
a. Injection ratio.
b. Product availability statement
c. Dip Test Authorization (DTA)
d. Authorization to sell
e. Recent SGS report update
f. Certificate of Origin
g. Allocation certificate
h. Sales and Collection Authority (ASTC)
5. After completion of the Dip Test, the seller injects the fuel into the storage tank rented by the buyer, and the seller sends the complete hard copies POP to the buyer.
6. The buyer makes a payment of 100% by bank transfer MT103 TT OR SBLC MT760 760 for the total product. The Seller pays commissions to all intermediaries involved in the transaction within 24 hours from buyer confirmation. the payment..
KC-Tank Extension FOB Procedures with Guarantee
ROTTERDAM/HOUSTON
1)Buyer issues and send irrevocable corporate purchase order (ICPO) with seller’s transaction procedure along with passport copy of the company representative.
2)Seller issues Commercial Invoice (CI).
3)Buyer extends Seller’s tanks for 3 days.
4). Seller provides 3 days tank extension invoice to Buyer. NOTE: Seller shall refund Buyer within 4 business days if Seller does not perform. A commitment/guarantee letter will be issued to the buyer.
5) Seller’s representative, SGS Team, and Buyer’s representative meets at seller tank storage for the tank and pipeline verification and Seller issues the hard copy POP documents to buyer representatives in person (Face to Face) • Quantity and Quality Certificate (SGS) 48hrs fresh • Tank Storage Receipt (TSR). • Product Passport (Dip Test Result). • Statement of Product Availability. • Refinery Commitment to Supply. • Authorization to Sell/Collect (ATSC). • Authorization Letter to Verify the Product with the Tank Farm. • Company Registration Certificate.
6) Upon successful verification of documents and SGS report by buyer’s team buyer commence dip test in sellers’ tank, if need be, for more confirmation,
7) Upon confirmation of product Q&Q, begins injection into buyer’s tank storage/ Vessel all parties sign NCNDA/IMFPA