TERMS & TRANSACTION PROCEDURES:
1. Seller sends to Buyer Draft Contract per amendments
2.- Buyer sign and return to Buyer for convert in PDF as Final Contract
3.- Seller and Buyer sign the NCNDA-IMFPA
4. Seller issue Partial POP and Shipping Documents as listed below;
A. Refinery Statement of Product Availability
B. Refinery commitment/assurance letter that we are capable to re-route and deliver such product to Buyer’s Destination port.
C. Certificate of Origin.
D. Refinery Export License/Refinery Registration Certificate
F. Product Passport (Dip Test Result).
G. Tank Receipts
H. Bill of Lading
I. Vessel’s Q88
j.- Commercial Invoice
5. after Verification of PARTIAL POP Result, Buyer sends pre-advice of payment with SWIFT MT-103, after of execution of DIP TEST REPORT, according draft in Annex – C.
6.- Seller sends to Buyer DIP TEST authorization.
7.- After of Dip Test execution, Buyer Bank payment to Seller Bank by Swift MT-103
8. Seller Commences with the Loading and Delivery of total monthly shipments.
4.1 PRICE AND PAYMENT DOCUMENTS:
PRICE:
The price of the product is of NWE PLATTS LESS US $7.00 (seven) NET PER BBL,
The Seller Bank pay after of end the Dip Test report by SWIFT MT-103 to Seller Bank
GROSS 7$ Net 5,5$
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