*OPERATIONAL PROCEDURE FOR CIF TO ANY SAFE
WORLD PORT*
1) Buyer Issue ICPO upon receipt of Sellers SCO.
2) Seller Issues Draft Contract (Open For Any Amendments) & Commerical Invoice for first value shipment To Buyer. Buyer
Signs, Seals And Returns The signed SPA and CI with ATB/NOR FORMATS with its necessary details To Seller.

3) Within 48hours both banks exchange RWA communications via email or swift. Buyer’s Bank Sends within 72 Banking hours an Irrevocable and Non-Operative SBLC MT760/MT799 BLOCKED FUNDS/DLC MT700 according To the Refinery’s Nominated Fiduciary Offshore Bank Account for First Month Shipment.
4)Sellers bank confirms the issued Instrument and places a 2%PB to activate the Instrument. Seller’s Bank Issues Full POP Documents To The Buyer’s/his Bank;
A) Copy Of License To Export, Issued By The Department Of The Ministry
Of
Energy, Russian Federation.
B) Copy Of Approval To Export, Issued By The Ministry Of Justice,
Russian
Federation.
C) Copy Of Statement Of Availability Of The Product.
D) Copy Of The Refinery Commitment To Produce The Product.
E) Copy Of Transnet Contract To Transport The Product To The Loading Port.
F) Copy Of The Port Storage Agreement.
G) Copy Of The Charter Party Agreement(CPA) To Transport The Product To Discharge Port.
H) Copy Of Vessel Questionnaire 88.
I) Copy Of Bill Of Lading.
J) SGS Report At Loading Port.
K) Dip Test Authorization (DTA) & ATB
L) NOR /ETA
M) Certificate Of Ownership Transfer
N) Allocation Transaction Passport Code Certificate (ATPCC) By Ministry
Of
Energy.
5) Shipment Commences as per Signed Contract Delivery Schedule and the
Shipment Should Arrive at Buyer’s Discharge Port within 5-10Days. The
SGS
Inspection Will Be Borne By The Seller At The Loading Seaport And Buyer
At
The Unloading Seaport.
6) Buyer Releases Payment To Seller By TT/MT103 Upon Receipt Of The
Shipping Documents And Confirmation Of The Q&Q By SGS/CIQ At Buyer’s Port of Destination.

STILL AVAILABLE

still available