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i am looking for Jp*4 fuel Buyers | REBCO Importer | Buy LPG Gas Fuel | Crude Oil Buyer | Mazut M**0 Oil | Low Price Fuel Oil | Crude Oil Price

  • USA USA  
  • Last Updated:
    Posted on: 10 Oct 2021

RFQ Details

CIF PROCEDURE TERM OFFICIAL TRANSACTION PROCEDURES ON CIF Buyer issue ICPOcompany registration and I.D. (Passport.) Seller issue sales and purchase agreement SPA Buyer sign and return SPA Seller Lodge contract with the ministry of energyupon successful endorsement of contractSeller issue full POP to buyer to include the following: A. Copy of license to export issued by the Department of the Ministry of Energy B. Copy of approval to export issued by the Department of Ministry of Justice Copy of statement of availability of the product. Copy of the refinery commitment to produce the product. Copy of contract to transport the product to port. Copy of the port storage agreement Copy of the charter party agreements to transport the product to the discharge port. Tank Storage Receipt (TSR). Q&Q by Current SGS report. Buyer's bank issues operative Letter of Credit OR Acceptable instrument of payment. Seller issues 2% Performance Bond. Upon completion and verification of all documentsshipment Commences On getting to buyer's port of dischargeTHE BUYER'S NOMINATED CIQ INSPECTION AGENT TO PERFORM THE QUALITY AND QUANTITY TESTS GOES ON BOARD THE LOADED CARGO. WITHIN 7 BANKING DAYS AFTER CIQ Q&Q REPORT HAVE BEEN RELEASED TO BOTH PARTIESBUYER PAYS THE TOTAL COSTOF PRODUCT UPON SELLER HAVING SUBMITTED FULL SHIPPING DOCUMENTS ALONG WITH COMMERCIAL INVOICE AND CIQ QQ REPORTS VIA MT103 TO SELLER BANK ACCOUNT.