Refinery Oil and Petroleum Products Procedure For FOB Russian Port

FOB Russian Port

1.Buyer issues legal ICPO + Company profile+ Buyer passport.

2.Title Holder confirms Buyer Documents and issues confirmation Letter to confirm.

3.Buyer visit Title Holder administrative office for TTM (Face to Face) meeting to sign SPA & CI and get POP.

4.Buyer conducts DIP TEST at Title Holder Tanks (Buyerborne for the SGS) and submits his carrier information(CPA).

5.Upon SGS report + POP confirmed by the Buyer, Buyerissue 30% payment MT 103/TT to Title Holder account.

6.Seller inject to buyers’ tank or vessel; buyer confirms loading or injection and remit balance 70%.

7. Buyers lift products to their own destination.

8.Seller will pay all intermediaries.

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