TERMS OF SALE SPOT FOR VESSEL.
PROCEDURES DIP & PAY FOB VESSEL TO VESSEL
- ICPO FORMAT
TO: End Buyer, Buyer Mandate
- ICPO WITH FULL BANKING DETAILS
- COMPANY PROFILE
- NCND + IMFPA
- BUYER PROVIDE CPA FOR RUSSIAN SHIPPER APPROVAL
TO GNGROUP PTE. LTD., ATTN: MR. SYAPOL MAAROF MOHD., VIA: MR. HHI & MR. JC
Seller issue proforma invoice and Buyer Within three (3) banking days, Buyer or Buyer bank provides BG/SBLC, DLC or the Minimum Deposit, if the buyer does not provide any BG/SBLC, DLC or Any instrument bank accepted by the seller only, BG/SBLC, DLC or Bank Instrument will be placed on the seller’s Sister Banks Fiduciary Company and send a copy of the receipt to the Seller.
Note: Minimum Deposit Required to help buyers get the funder (Bank Instrument: LC, BG, SBLC, the owner of bank Instrument) to qualify as a valid customer
Seller issue POP documents and send directly to buyer email address the following:
- Commitment to supply
- Certificate of Origin
- Bill of Lading (BL)
- Q88 of Vessel
- Q&Q done by indigenous lab at port of Origin
Buyer provide Q88 and Readiness to Receive the Fuel into the Vessel (RTRF) to Seller.
Seller Transfer fuel into buyer Vessel
Upon Buyer lift fuel into their own Vessel and after the buyer make payment via MT103/T/T against downloaded quantity to Seller nominated bank.
Seller issue Title ownership documents to buyer upon confirm buyer payment.
Seller pays commission to seller side, Buyer pays buyer side commissions:
- 50%: Seller Side: (50% Closed to Seller Side)
- 50%: Buyer side: (50% Open to Buyer Mandate & Intermediaries)
- The agreed commission will be included within an Irrevocable Master Fee, Protection Agreement (IMFPA) to be signed between the buyer and the seller, group of each party prior to issuance of the Sales and Purchase Agreement (SPA).
Consultant or Agent or Any Party that wants to raise the price to any buyer with want additional commission, then I hereby affirm that don’t want to make a deal or negotiations with us (GNGROUP), we will not be negotiable or whim raise price without any instruction by our Seller. Additional price deal you complicate matters and make it difficult for you to get success (CLOSING DEAL). But if you want to profit more, then you need to be a Reseller or Trader. Thank you
These procedures, prices and conditions, are not negotiable.
The Seller only accepts documents submitted with its format, If the Buyer’s request, we can send ICPO Format, and NCNDA / IMPFA templates used by the Seller.
These above procedures have been approved by the Antimonopoly Service of Russia Federation and serve as a guideline for all transactions involving export of oil products from Russia Federation.
The above procedures must be accepted and Incorporated on the ICPO word for word. No Bill of Ladings, Warranties, SGS Reports, or past fulfilled Contract will be presented as “Past Performance,” sanitized or not, for the following reasons;
AGAINST TRADE REGULATIONS, AGAINST STATED SGS POLICY VIOLATES FORMAL CONTRACT CONFIDENTIALITY BETWEEN BUYER AND SELLER.
We ONLY work 100% strictly according to END Seller Company/Refinery’s above procedures ONLY. Price lists are negotiable in some terms. if the terms and procedures are acceptable, kindly provide your ICPO for us to proceed further.
The ICPO must be complete identification of principal buyer signed, sealed and stamped; in buyer’s company letterhead with quantity per month/year, Target Price, Contract length, Buyer’s own opinion of specification if any and any other relevant details. We do not accept expired ICPO (Maximum date for validity is 5 working days).
ANY ICPO ISSUED MUST INSERT OUR WORKING PROCEDURE.
WE DO NOT ACCEPT ANY ICPO WITH OTHER PROCEDURE
Non-Circumvention, Non-Disclosure Agreement All information in this soft corporate offer are confidential and all trading deals with all parties including seller and buyer depend on this offer are secret and non-disclosure and non-circumvention. All correspondents between GNGROUP Company and your company (your party) it’s under Non-Circumvention, Non-Disclosure law. Product availability and acceptance buyer company are depending on seller decision
In FOB: Injection time 2-3 days
In CIF: Shipment time 13-25 days Inspection SGS or Equivalent