Crude Oils Buy Requirement from United States - 06-Feb-2025

Dear Sir,

We want to buy Crude Oils.

FOB Rotterdam Tank To Tank
1. Buyer issues Irrevocable Corporate Purchase Order (ICPO)
along with their TSA.
2. Seller issues Commercial Invoice (CI) for the product
available in Tanks at the port; Buyer sign and submit the
Commercial Invoice to the Seller.
3. Seller issues a copy of SGS report to the Buyer's
Tank Farm to verify product in seller' s tank reservoir and
SGS report
4. Upon confirmation of successful
verification of SGS and product by Buyer's Tank
farm, Buyer provides a 3 days TSR. Seller issues the below
listed PPOP documents to buyer? Fresh SGS (not older
than 48 hours)
• Certificate of Origin
• Authorization to Verify (ATV)
• Dip Test Authorization (DTA)
• Commitment to Supply
•Tank Storage Receipt (TSR)
• ATSC
• Injection Report
5. Seller issues NCNDA/IMFPA to all intermediaries
involved in the transaction and to seller/buyer.
Endorsed NCNDA/IMFPA.
6. Buyer inspect by SGS (Dip test in Seller tanks) at
buyer's expense.
7. Seller Issue (Authorization to Transfer from Seller
Tank to Buyer Tank) upon buyers satisfactory
8. Buyer makes payment for the product via MT 103
after completed injection and receiving copy of bill
oflading and seller transfers title ownership to buyer
and sign yearly contract delivery .

Tank To Vessel Fob Procedure
1. Buyer submits Company Profile (CP), And Issue ICPO
according to the Seller's procedure.
2. Seller issue a commercial invoice of the product in
tanks at the port, buyer signs and returns
commercial invoice
3. Seller issue DIP Test Authorization (DTA) to the
buyer started with the Tank information. Along with
the following PPOP
A. Product Passport (Quantity and
Quality Analysis)
B. Authorization to Verify (ATV)
C. Statement of availability
D. Refinery Commitment to Supply
4 Buyer contacts the storage company to extend Tank
for 2 days to gain access to the port & perform dip in
the seller Tank.
5. Seller issues POP :
A. Fresh SGS Report (Not older than 72 hours);
B. Product Reservoir Receipt;
C. Accreditation Certificate;
D. Authorization to Sell and Collect Certificate (ATSCC);
E. Pre-Injection Report (PIR);
F. NCNDA/IMFPA (To be completed by all intermediaries)
G. Certificate of Product Origin;
6.Upon successful dip test in seller Tank Buyer makes
100% payment by MT103 TT to the seller account.
7. Seller injects the product into the buyer vessel &
seller pays commission to his brokers, buyer
pays commissions

Standard Cif Procedures
1. Buyer issues Irrevocable Corporate Purchase Order
(ICPO) containing buyer company information
and banking information upon receipt and acceptance of
Seller.
2. Seller issues Draft Sales & Purchase Agreement
(SPA) to buyer, buyer review seller issue Sales &
Purchase Agreement (SPA) which is open for
amendment, signed and return SPA to seller for finial
review.
3. Seller reviews countersigned Sales & Purchase
Agreement (SPA) acknowledged and legalize it
legalization shall be borne by the Seller.
4. Seller issue the below listed Partial POP for buyer
confirmation.
A. Refinery Commitment to Supply
b. Certificate of Origin
c. Authorization to Sell and Collect
d. Quality and
Quantity Report (Product Passport.
5. Buyer pays ($97,000.00) United State Dollars for
Security Guarantee Deposit of total product cost
to secure the allocation which would be deducted from
the first shipment. Within twenty-four (24) hours
of Guarantee Deposit Confirmation, Seller sign Charter
Party Agreement (CPA) with the shipping company
and release Full POP document and 2%
Performance Bond to Buyer’s Bank. All Parties involved
sign the NCNDA/IMFPA.
6. Seller issued full PPOP
Document To buyer.
A. Ship Certificates
B. Cargo Declaration
C. Fresh SGS Report
D. Charter Party Agreement
E. Ownership Certificate
F. Title Transfer Affidavit
G. Product Allocation Certificate
H. Ullage Report
I. Notice of Readiness
J. Customs Declaration Certificate
K. Ocean Bill of Lading and Cargo Manifest
l. Vessel’s Q88

7. Shipment commences as per contract delivery
schedule.
8. Within Three banking days of Vessel arrival, buyer
release payment via MT103 after CIQ/CICC
at destination port.
9. Seller pays the commission to all intermediaries
involved in the transaction within 24 hours
after confirmation of buyer’s payment and seller
transfers title to buyer. It is essential to ensure that all
steps and documents in the transaction adhere to legal
and regulatory requirements specific to the jurisdictions
involved. Consulting legal professionals experienced in
international trade or energy transactions can help
ensure compliance with all relevant laws and
regulations. We appreciate the opportunity to engage
in this transaction and look forward to a mutually
beneficial business relationship.

Thank you.

Contact: Ms. Monica Byrne
Company: By Rne Oil & Gas Ltd

Posted on : 06-Feb-2025
Posted From : United States

Related Products / Keywords

• Crude Oils