Home
:: ID  
:: Password  
   
  Free Registration
  Forget ID/Password ?
Crude Oil Bid
Jet Fuel Bid
Fuel Oil Bid
AGO/Gasoline Bid
Crude Oil
Bunker Oil
Fuel Oil
AGO/Gasoline
Aviation Fuel
L P G
L N G/N G 
Base Oil/Lubricants
Bitumen/Cement
Petrochemicals
Coal/Coke
Metals
Agri/Grains
Equipment/Plants
Project Finance
Shipping & Storage
Black List/Forum
Job Center
Event Center
Member List
Glossary
      You are in ::  Home > LNG/CNG > Read
  LNG/CNG Read  
Sell :: 289
Buy :: 120
News :: 6
CIF - NO UPFRONT M100,EN590, D2, REBCO, LNG,LPG, 2017-10-23
 
CONTRACT BANKING TRANSACTION PROCEDURES:

1, BUYER ACCEPTS SELLER’S PROCEDURE AND ISSUE ICPO WITH THE FOLLOWING: BANKING DETAILS, COMPANY PROFILE, PASSPORT COPY AND ACCEPTANCE LETTER STATING TO ADHERE TO SELLER’S PROCEDURE.
2, SELLER ACKNOWLEDGES BUYER’S ICPO AND ISSUES CONTRACT TO BUYER OPEN FOR AMENDMENT, BUYER SIGNS AND RETURN THE CONTRACT TO THE SELLER IN WORD FORMAT WITHIN 4 WORKING INTERNATIONAL DAYS.
3, SELLER MAKES THE FINAL SIGNATURE AND CONVERTS THE CONTRACT TO PDF AND SEND TO BUYER AS FINAL APPROVED CONTRACT ALONG WITH BELLOW SOFT PERFORMANCE GUARANTEE POP DOCUMENTS:
• COMMITMENT LETTER TO SUPPLY PRODUCT
• PRODUCT ALLOCATION CERTIFICATE ISSUED BY MINISTRY OF ENERGY
• EXPORT LICENSE ISSUED BY RUSSIAN MINISTRY OF ENERGY.
• CERTIFICATE OF ORIGIN ISSUED BY RUSSIAN CHAMBERS OF COMMERCE.
• SHIPPING COMPANY NOTICE OF READINESS
4, BUYER’S BANK IN ACCORDANCE WITH SELLER’S VERBIAGE ISSUE MT760/SBLC/MT799 BLOCK FUND OR DLC MT700 WITHIN 7 WORKING DAYS FOR FIRST SHIPMENT’S VALUE TO SELLER’S FINANCIAL BANK TO ENABLE SELLER COMMENCE LOADING OF PRODUCT WITH THE SHIPPING COMPANY AND RELEASE FULL SET OF POP DOCUMENTS AFTER LOADING VIA BANK TO BANK SWIFT WITHIN 7 WORKING DAYS. IF BUYER FAILS TO ISSUE MT760/SBLC/MT799 BLOCK FUND OR DLC MT700 WITHIN 7 WORKING DAYS, IN ALTERNATIVE BUYER PAY’S VIA TT $350,000 AS GUARANTEE PERFORMANCE WITHIN 72 HOURS WHICH WILL BE DEDUCTED FROM THE PRODUCT FACE VALUE WHEN FINAL PAYMENT IS MADE.
5, SELLER’S BANK ISSUES OPERATIVE 2% PB IN FAVOUR OF BUYER’S BANK ACCOUNT WITHIN 3 WORKING DAYS, WHICH IS SUBMITTED AND DETAILED IN THE MUTUALLY AGREED SIGNED CONTRACT.
6, UPON SELLER BANK SUCCESSFUL EXCHANGE OF INSTRUMENT METHOD WITH BUYER’S BANK OR ALTERNATIVE TT PAYMENT OF $350,000 PAID IF BUYER FAILED TO ISSUE INSTRUMENT WITHIN THE STIPULATED TIME FRAME, SELLER LOADS PRODUCT WITHIN 7 WORKING INTERNATIONAL DAYS AND SEND POP DOCUMENTS IN BUYER’S COMPNAY NAME TO BUYER VIA BANK TO BANK AND A COPY VIA EMAIL TO BUYER AND REPRESENTATIVE. (8 SETS BELLOW)
• CERTIFICATE OF INCORPORATION
• PRODUCT PASSPORT
• COMMERCIAL INVOICE
• COMPANY TAX PAYER CERTIFICATE
• FRESH SGS REPORT
• TANK RECEIPT
• Q88 AND QUALITY SPECIFICATION
• BILL OF LADING
7, BUYER NOTIFIES SELLER BY OFFICIAL WRITTEN NOTICE OF HIS BANK RECEIVING SELLER’S POP DOCUMENTS WHILST SELLER SENDS TO BUYER THE REGISTERED HARD COPY OF THE CONTRACT THROUGH COURIER SERVICE WITHIN 3 WORKING DAYS.
8, SHIPMENT COMMENCES AS SCHEDULED IN THE CONTRACT AND UPON ARRIVAL OF THE CARGO AT THE DISCHARGE PORT, BUYER’S INSPECTION TEAM CARRY OUT CIQ OR EQUIVALENT INSPECTION TO ASCERTAIN QUALITY AND QUANTITY.
9, PRODUCT IS DISCHARGED AFTER SUCCESSFUL INSPECTION INTO BUYER’S STORAGE FACILITY, BUYER’S BANK RELEASE PAYMENT FOR TOTAL VALUE OF THE PRODUCT TO SELLER’S BANK WITHIN 72 HOURS BY TT MT 103. SELLER SHALL PAY ALL PARTIES INVOLVED THEIR COMMISSION BY TT WITHIN 2 WORKING DAYS.
10, SECOND AND SUCCEEDING SHIPMENTS CONTINUES.

 
 Contact Information
Name   Mr. JEFFRIN MOHAN 
Company   Member : JEFFRIN EXPORTS 
Email   Log In to See Email 
   Inquire Now 
Tel   +31106690727 
Fax   +31106690772 
Mobile   +15053031919 
Web    
IP   94.185.24.219 

  : 
  back to top
 Copyright © 2004 - 2017 PETROFINDER All rights reserved. :: Term of Use | Privacy Policy |