BUSINESS SCHEME

 PROCEDURES CIF

1.Buyer Issues Irrevocable Corporate Purchase Order (ICPO) on their official company letterhead with Soft
Probe and CP with Company Certificate
2.The seller ssuesan FCOtothe buyer, the buyer signs and retumsit to the seller as a sign of approval.
3.Seller Issues the Draft SPA Contract for 12 Months to the Buyer and Buyer Returns the Signed, Sealed
and Accepled Draft SPA Contract to the Seler
4.Seller issues the Commercial Invoice (CI) for the 1st shipment of the Lift able Goods along with the contracted
annual total goods with the Commission Structure to the Seller. And Buyer retums the signed sealed and
acceplec Ci to the Seller.
5.The buyer issuesthe MT 700 verbiage from the buyer’s bankfortrial delivery, the seller issues the POP
document below
51.1 copy of original Bill of Ladingfull set/Tank Receipt
512 Copy of Certificate of Quantity and Qualty issued by SGS at loading port
513 CopyofCertificate of Ongin
5
8 After receiving POP documents, within 3 working days the buyer issues MT 700 / MT103-TT to the seller’s
benk. Buver prepares their financial quarantee for 11 months according to the contract (verbiage MT 700
REVOLVING – IRREVOCABLE- UNCONDITIONAL)
7 Seller deliver Cargo to the destination port. After successful inspection, the buyer makes payment via MT103
TT for the product to seller.
8 Buyer issues MT 700 REVOLVING – IRREVOCABLE – UNCONDITIONAL to seller Bank and Seller Bank
swifts Full set of POP with Shipping Documents and 2% Performance Bond within 72 Hours after Seller’s
Confirmation of the Buyer issued the Bank Instrument:

Full POP Documents Listed below :

• The letter of guarantee of an oil gas refining
• _opy of license to expat issued by the ministry of energy
Copy of approve to export issued by the ministry of justice
• Copy of statement of availability of the product
Copy of the refinery commitment to produce the product
Copy of TRASNEFT contract to transport the Product to the Part
• Copy of the Port Storage Agreement
• Copy of the charter party agreement(s)to transport the product to the Discharge Ports
Copy of tank storage receipts
• Copy of DIP test authority
SGS Reports from loading port
Ocean Bill of Lading
• Insurance
9. Shipping of The Goods shall Commence within 10 – 15 Days from The Date of the Seller Receipt of the Acceptable
Payment Instrument or Earlier
10. Buyer makes payment by MT103TT alter SGS (or Equivalent) inspection at buyer’s discharge Port together with final
Commercial Invoice submitted to Buyer and Buyer’s Bank Title of ownership shall automatically be transferred to the
Buyer’s Bank from Seller Bark after Selers receipt of full Payment and Seller or Seller Mandate pays all the Commissions
and the matters discussed with the Seler Mandate to the Intermediaries involved in this Transaction within 24 hours after
Seller’s Contrationaf Buyer’s Full Payments.