Refinery Oil and Petroleum Products Procedure For CIF to any safe port

CIF Working Procedure to any safe port

1.Seller sends to Buyer SCO/FCO, Buyer accepts seller SCO/FCO and sends LOI/ICPO with company's registration

certificate to Seller.

2.Seller review Buyer ICPO/LOI and apply for export Quota from the Russian Ministry of Energy,after a successful Quota application from the Ministry, seller issue a draft contract open for amendments and final endorsement. On the basis of a confirmed Quota, seller applies for Export Allocation code from the Energy Ministry and customs clearance which will be paid by the exit buyer.

3.Seller issue to buyer partial POP Consisting of the following documents below:

•PRODUCT PASSPORT

•COMMITMENT TO SUPPLY

•STATEMENT OF PRODUCT AVAILABILITY

•COMPANY EXPORT LICENSE AND/COMPANY REGISTRATION CERTIFICATE

•CONFIRMED QUOTA, ALLOCATION, AND ALLOCATION EXPORT CODE AND CUSTOMS CLEARANCE CERTIFICATE

4.Seller Appoints and signs Charter Party Agreement with the Shipping Company which will bean open and interwoven information between the exit Seller/Refinery and exit Buyer for the readiness of the shipping commencement.

5.Buyer Bank swift SBLC MT760 to Seller bank via MT 799, Seller Bank Open Communication with buyers bank and provides, the Full Proof of Product listed below.

•CHARTER PARTY AGREEMENT (CPA)

•SGS REPORT • DIP TEST ANALYSIS

•VESSEL Q88/BILL OF LADING

•ULLAGE REPORT/VESSEL MANIFEST

•CUSTOMS EXPORT CLEARANCE CERTIFICATE

6.Shipment Commences as Scheduled in the Final Contract, Seller clears vessels from the commercial's terminal (Russia Shore), the buyer confirms shipping documents with ship master while seller Effect’s delivery to buyer destination according to the contract schedule.

7.Vessel arrives at destination port and Buyer conduct inspection on the goods. Upon confirmation of product quality and quantity at the unloading port, the Buyer release payment to Seller by TT/MT103 within three (3) banking days after the discharge of the cargo at the destination port and CIQ /SGS inspection.

8.Seller releases payment to all intermediaries as per signed NCNDA/IMFPA within 48 hours of receiving the payment for the product from the Buyer's


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