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Faye Liu

Supplier From China
May-11-22
Supplier : En590 diesel, espo crude oil and LNG

Established: 2022

Verification Status



Contact Details:
China
-
China


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1. Buyer Issues ICPO:
The buyer submits an Irrevocable Corporate Purchase Order (ICPO) with banking details and passport information.
2. Seller Issues Commercial Invoice (CI):
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3. Seller Provides POP Documents:
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â?¢ Certificate of Origin
â?¢ Tank Storage Receipt (TSR)
â?¢ Product Analysis
â?¢ Injection Report
â?¢ Authority to Verify (ATV)
â?¢ Refinery Commitment Letter
â?¢ Authorization to Sell and Collect (ATSC)
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6. NCNDA/IMFPA Signed:
All intermediaries sign the NCNDA/IMFPA and send it to the seller for endorsement.
7. Sealing & Final Payment:
After a successful dip test, the buyer requests tank sealing. The buyer pays for the full product via MT103/T/T and extends the tank lease for 48 hours.
Payment to Intermediaries:
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1. Buyer Issues ICPO:
The buyer submits an Irrevocable Corporate Purchase Order (ICPO) with banking details and passport information.
2. Seller Issues Commercial Invoice (CI):
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The buyer pays for a 5-day tank lease, and the seller issues an Unconditional Dip Test Authorization (UDTA). The tank farm provides a Clearance Access Entrance Permit (CAEP) for the dip test and SGS report.
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8. Payment to Intermediaries:
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Verification Status