VENTE N°667159:
19/12/2024 18:57:29
procedure
we are the seller with ready products, don't worry.
here's how we will proceed:
1. icpo + cis + pof
2. the seller will send the spa draft.
3. the buyer and seller will sign the spa and share it in pdf format.
4. the seller will issue the proforma invoice (pi), and the buyer will approve and return the pi.
5. the buyer will pay 3% of the total amount through the exchange office.
6. the ship will depart from the discharge port.
7. after sgs at the discharge port, the buyer will pay the remaining 97% from bank to bank against the full set of original documents.
8. the transfer process will be completed by changing the documents to the buyer's name.
[19/12, 18:32] mirko: transaction procedures for title take over (tto)
1. buyer issues icpo according to the seller s working procedure along with buyer s company certificate of
registration or profile with copy of buyer s passport.
2. seller issues the title take over contract (tto/mou) addendum for review and endorsement by all parties.
3. seller issues proof of product and shipping documents as listed below;
*product passport (quantity & quality dip test analysis report)
*certificate of origin
*bill of lading
*tanker vessel q88 document
*vessel (n.o.r) notice of readiness
*ullage report
*cargo manifest
*invoice for title transfer
4. upon the receipt of the documents, buyer verifies the availability of the product on high sea and immediately make
$450,000usd security guarantee payment of the total cost of the product which serves as a title take over fee
5. upon seller receipt of the title takeover payment, seller orders for re rout to buyer s desired port, transfers the title
to the potential buyer s company s name and also re issue all other outstanding documents to the potential buyer s
company s and via swift from seller bank the full prove of product.
6. vessel arrives the discharge port and buyer carries out the ciq/sgs inspection and upon a successful inspection,
buyer pays by mt103 t/t for the full product to the seller.
7. seller shall provide the following partial proof of product documents which were issued in name of initial buyer
