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STANDARD OPERATING PROCEDURE
1. Buyer accepts seller working procedure, and issue ICPO and TSA.
2. Seller issues commercial invoice (CI) and Buyer signs and returns back Commercial Invoice.
3. Seller issues the following documents:
A. Refinery’s Commitment Letter to Supply
B. Refinery’s Statement of Products
C. Inspection approval and acceptance letter to be signed by Buyer’s Tank Farm.
4. Seller provides to the Buyer with SGS report, Injection Report, unconditional DTA
5. Buyer, within 24 hours of successful Dip Test in Seller’s tanks, makes the payment for a total cost of product to be injected into Buyer’s tanks. Seller transfers title ownership to the Buyer, with all
exportation documents required of Buyer for the transaction.
6. Buyer provides TSR and Seller proceeds for Tank-to-Tank injection and provide the Buyer with the Injection Report of the product into Buyer’s tanks.
7. Upon conclusion of first lift transaction, Seller pays all intermediaries on the Seller side and
Buyer pays all intermediaries on the Buyer side involved in the transaction.
8. Seller issues Final Agreement to Buyer to review for 12 – Months (R/E) / Monthly Deliveries. Buyer pays after successful Dip Test, by MT103 Wire Transfer on each Monthly Delivery.
If you are a buyer please connect with us.
Email: financeimperialelit@gmail.com
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