PROCEDURES
We Need Buyers CP to Start
1.After receiving Buyer ICPO, Seller issues signed Commercial Invoice to Buyer.
•Buyer returns the signed Commercial Invoice to Seller with TSA
•Seller notarizes the signed CI and sends copy (in PDF) to Buyer
•Seller sends Export License to Buyer and Both sign 1 Year Sales Purchase Agreement {SPA}
2. Seller issues the following PPOP documents to the Buyer:
•Certificate of Origin;
•Commitment to Supply
•Statement of Availability of Product
•Authorization to Verify
•Authorization to Sell and Collect
•Accreditation certificate
•Product Allocation Certificate
•Product Passport
•Reservoir Receipt
•Notice of Readiness
•D.T.A., to be endorsed by Buyer Tank farm
3. Buyer sends copy of endorsed DTA to Seller within 48hrs.
•Buyer conduct SGS at buyer’s expense in Seller’s Tank
•Seller begins injection of product into Buyer Tank/Vessel
4. Seller Issues title change/transfer of product ownership to Buyer {Full POP}
•Buyer pays for product via MT 103
•Intermediary parties/agents are settled per NCNDA/IMFPA
