PROCEDURE TANK TO VESSEL by EXTENSION SELLER TANK

1. Buyer issues ICPO addressed to Seller with Seller's procedure incorporated on it, and Buyer's company details, banking details, copy with RWA confirming

readiness, wiliness and capabilityto carry out the transaction, to ........................, via Seller Mandate: ..................../....................................

2. Seller issues commercial invoice (Cl) for the available quantity of production seller's leased tank to buyer.

3. Buyer signs and returns the Commercial ! invoice along with Buyer's Charter Party Agreement (CPA).

4. Seller issues to buyer Tank-to-Vessel Injection Agreement (TTVL) to be endorsed by buyer's Logistic Company.

5. Upon return of the endorsed TTVIA, Seller release to buyer the following PPOP documents;

• Commitment Letter to Supply

• Export License

• Tank Storage Receipt TSR.

• Authorization to Verify ATV (Through call or email)

6. Buyer extends Seller's tanks to enable buyer and their inspection team gain terminal access codes and Port entry permit to the Seller's tank storagefacility to

conduct a dip test on the product in the tank.

7. Seller issues DTA for buyer to proceed with the dip test upon confirmation of buyer securing legal access to the product.

8. Buyer and the SGS Inspection team conducted a dip test on the product in the tank.

9. Upon satisfactory result of the dip test, Seller's storage Company issues to the buyer, the Notice of Readiness (NOR) to inject the product.

10. Buyer provides Q88 and ATI from his Logistic Company and also makes available the Vessel for the injection process to commence as scheduled.

11. Upon completion of the injection, Seller releases to the buyer the below POP documents:

• Product SGS Report.

• Pipeline injection Report.

• Authority to Sell and Collect (ATSC)

• Product passport (analysis test report).

• Certificate of Origin

• NCNDA/IMFPA is signed by intermediaries of both seller and buyer.

12. Buyer immediately pays for the total cost of the product value injectedinto the vessel through MT103 TT wire transfer.

13. Seller Upon receipt of the payment, pays ali intermediaries involved in the transaction.

14. Seller issues Title change/transfer of product to buyer

Note : The Port Authority will not allow the buyer to visit the location where the products is stored without a valid TSR

5. Upon Seller’s bank successful exchange of instrument method with Buyer’s bank or REFUNDABLE/DEDUCTIBLE Security Guarantee Deposit / Payment of 5% of the total 1st shipment product value via T/T Wire to Seller’s fiduciary bank, Seller to finalize loading within five - seven (5-7) working days. Seller invites Buyer for visitation to witness the final inspection and TTM for negotiation of future transactions (Optional to Buyer).

6. Seller loads product within six (6) international working days, signs NCNDA/IMFPA between all intermediaries involved with the notarized copy sent to Seller’s bank and registers & legalizes the contract and sends to Buyer the following Full POP Document by swift via Bank to Bank and a copy via email to Buyer and representative. Seller sends one full set of ORIGINAL POP documents to the authorized Customs Clearance agent at destination port, and send one full set of COPIES POP documents to Buyer’s address via DHL or FedEx expedite (overnight) service and provides tracking numbers. (17 sets below):

7. Buyer notifies Seller by official written notice of his bank receiving Seller’s pop documents. Shipment commences as per contract schedule and product is shipped to Buyer’s desigated discharge port and upon arrival of the cargo at the discharge port, Buyer’s inspection team carries out CIQ, SGS or equivalent inspection to ascertain quality and quantity.

8. Product is discharged into Buyer’s destination port/storage facility after successful inspection, Buyer release payment via swift fund transfer MT103/TT within 3 to 5 banking days to Seller for total shipment value after discharge of product at destination port/storage facility and receipt of the entire relevant shipping documents.

9. Seller within 48 hours pays the intermediaries involved according to signed & notarized NCNDA/IMFPA. Second and succeeding shipments continue.

1. Buyer accepts Seller’s procedure and issues ICPO along with Buyer’s company registrationcertificate + KYC + Color copy passport,

• Company Profile: To SACBE DMCC – Att. Mrs Anna Gil / CEO

• via: Mrs. Lisbeth Valencia / Operation Manager

2. Seller issues Commercial Invoice (CI) of the Products to the buyer and buyer sign backcommercial invoice.

3. Seller issues to Buyer Partial Proof Of Products below:

• (a) product passport /certificate of Origin

• (b) Statement Availability Of Products

• (c) Commitment to Supply 

4. Buyer extends Seller’s Storage Tank for 2 days at the discharge port , and the Refinery sends tothe Buyer a “Refund Letter Guarantee”.

5. Seller provides to the buyer with SGS report, Injection Report, unconditional DTA

6. (NCNDA/IMFPA) will be signed, the Fee, shall be paid by the Seller for all Intermediaries involved (Buyer side and Seller side). to the Beneficiaries designated Bank Account.

7. Buyer within 24 hours, after successful dip test in seller tanks, provide tank storage receipt(TSR) Sellerproceed for Tank-to-Tank injection and provide the Buyer with the injection report of the product into Buyer tanks.

8. Buyer makes the payment for a total cost of product injected into buyer tanks, via MT103 against Finalcommercial invoice, Seller transfer title ownership to the Buyer, with all exportation documents requiredof Buyer for the transaction.

9. Seller issues Final Agreement to Buyer Company to review Contract for 12 – Months (R/E)Monthly Deliveries. Buyer pays after successful Dip - Test, by MT103 Wire Transfer on each Monthly Delivery.

10. Seller within 48 hours pays the intermediaries involved according to signed & notarized NCNDA/IMFPA. Second and succeeding shipments continue. 

Guarantee:

Following the D&P test, the Buyer will guarantee the annual contract by issuing a suitable SBLC for theduration of the contract plus one month, with the value of one month of product delivery. 

3. El Comprador envía una copia rápida de su preaviso SBLC MT760 / DLC MT700 emitido o Ready, Willing and Able (RWA) MT999/199/799 al banco fiduciario del Vendedor. Tras la confirmación, el Vendedor emite al Comprador por correo electrónico los siguientes documentos de transacción (POP parcial):

~ Compromiso Incondicional de Suministro.

~ Certificado de Análisis (COA) también conocido como Pasaporte de Producto.

~ Declaración de disponibilidad del producto.

~ Factura Comercial por el valor total del producto del 1er envío.

4. Dentro de los siete (7) días hábiles, el banco del Comprador, de acuerdo con la verborrea del Vendedor, emite SBLC MT760 o DLC MT700 con fondos completos a la cuenta bancaria fiduciaria del Vendedor para cubrir el valor total del producto del primer envío y envía copias rápidas enviadas al Vendedor para permitir que el Vendedor comience carga del producto con la naviera. El banco del Vendedor emite 2% PB al banco del Comprador para activar el instrumento financiero del Comprador dentro de los siete (7) días.

5. Una vez que el banco del Vendedor intercambie con éxito el método del instrumento con el banco del Comprador o el depósito de garantía de seguridad REEMBOLSABLE/DEDUCIBLE/pago del 5 % del valor total del producto del primer envío a través de transferencia bancaria al banco fiduciario del Vendedor, el Vendedor finalizará la carga en un plazo de cinco a siete (5-7) días laborables. El Vendedor invita al Comprador a una visita para presenciar la inspección final y TTM para la negociación de transacciones futuras (Opcional para el Comprador).

6. El Vendedor carga el producto dentro de los seis (6) días hábiles internacionales, firma NCNDA/IMFPA entre todos los intermediarios involucrados con la copia notariada enviada al banco del Vendedor y registra y legaliza el contrato y envía al Comprador el siguiente Documento POP Completo por medio de Swift a través del Banco a Banco y una copia por correo electrónico al Comprador y representante. El vendedor envía un juego completo de documentos POP ORIGINALES al agente de despacho de aduanas autorizado en el puerto de destino, y envía un juego completo de COPIAS de documentos POP a la dirección del Comprador a través del servicio rápido (al día siguiente) de DHL o FedEx y proporciona números de seguimiento. (17 conjuntos a continuación):

7. El Comprador notifica al Vendedor mediante un aviso oficial por escrito que su banco recibe los documentos emergentes del Vendedor. El envío comienza según el cronograma del contrato y el producto se envía al puerto de descarga designado por el Comprador y, al llegar la carga al puerto de descarga, el equipo de inspección del Comprador lleva a cabo una inspección CIQ, SGS o equivalente para determinar la calidad y la cantidad.

8. El producto se descarga en el puerto de destino/instalación de almacenamiento del Comprador después de una inspección exitosa, el Comprador libera el pago a través de una transferencia rápida de fondos MT103/TT dentro de 3 a 5 días hábiles al Vendedor por el valor total del envío después de la descarga del producto en el puerto de destino/instalación de almacenamiento y recibo de todos los documentos de envío pertinentes.

9. El vendedor dentro de las 48 horas paga a los intermediarios involucrados de acuerdo con firmado y notariado NCNDA/IMFPA. El segundo envío y los siguientes continúan.