Cif Contract Procedures a
1 the Buyer Issues the Purchase Order After Receiving the Soft Quotation From the Seller
2 the Seller Issues the Draft Sales Agreement and Contract
3 the Buyer Signs the Sales Agreement and Contract
4 the Seller Issues the Readiness to Inject and Udta With Atv Atsc to Buyer
5the Seller Shall Send the Legalized Contract and the Following Pop Documents to the Buyer as Follows
51 Certificate of Origin
52 Supply Commitment
53 Product Passport
54 Product Availability Statement
55 Export License
5 the Buyer Shall Deposit 1 of the Total Value of the Goods Into Seller Designated Fiduciary Bank Account as the Security Deposit The Buyer the Seller Shall Sign the Refund Agreement The Payment for Goods Will Be Deducted From the Total Product Value at the Discharge Port
6 the Seller Shall Commence Shipment of the Goods and Provide Complete Pop Documents to the Buyer via Email and Hard Copies Will Be Sent From Sellers Bank to Buyers Bank via Courier on the Sellers Expenses Ttm Will Be Held in Buyers Designated Safe Location Upon Buyers Request
81 product Distribution Export License
82 assign Ownership Certificate
83 transneft Contract for Transporting Products to the Loading Port
84port Storage Agreement
85charter Party Agreement for the Transportation of Products to the Port of Discharge
Tank Receipt
87 Sgs Quality and Quantity Certificate
88 Landing Order
89 Prevalued Commercial Invoice
810 Noreta
810 Nor Eta Readiness Notice Shipping Date Notice
81 1 Dip Authorization Test Letter
812 The Power of Attorney Given by the Shipping Company to the Shipping Agency Company at the Port of Destination and the Ship Information
Documents Necessary for Maritime Reporting Submitted by the Captain of the Ship at the Anchorage of the Port of Destination on Time
813 Ship Questionnaire 88
814power of Attorney Authorizing Sales and Collecting Payment for Goods
9 at the Beginning of Shipment When the Tanker Arrives at the Unloading Port the Buyer Shall Refer the Ship to the Chinese Customs for Approval
Upon Successful Customs Approval The Seller Shall Unload the Oil Products
Into China Bonded Warehouse the Buyer Shall Conduct Ciq Inspection and the Buyer Shall Pay All the Remaining Payment Through Tt Telegraphic Transfer or Mt103 Within 72120 Hours
10 After the Buyer Pays the Full Payment the Seller Shall Hand Over the Hard Copies of the Original Pop Document Cargo Right Document to the Buyer
