1. Buyer issues official ICPO with banking details and company registration certificate.

2. Seller issues MOU for both parties to sign within 24 hours, buyer signs and send back with guarantee letter to fulfill the contractual agreement.

3. Seller issue POP documents which were issued in the initial buyer company’s name as listed below:

A) CERTIFICATE OF ORIGIN
B) PRODUCT QUALITY PASSPORT
C) BILL OF LADING
D) FREIGHT CARGO MANIFEST
E) VESSEL NOR
F) VESSEL Q88
G) VESSEL ETA
H) INVOICE FOR SECURITY GUARANTEE DEPOSIT
I) REFINERY COMMITMENT TO SUPPLY

4. Upon buyer receipt of documents, buyer verifies the availability of the product on high sea then buyer make payment guarantee of 3% deposit deductible from the total cost of the cargo value within 48 hours for the title takeover of the tanker/transaction guarantee, and to reroute the vessel.

5. Upon seller’s receipt of the title takeover payment, seller reroute and transfers the title of required quantity in Metric tons to the potential buyer companys name and also re-issues all other outstanding documents to the potential buyer company’s name and send via swift from seller’s bank to buyer’s bank to full prove the product.

6. Vessel arrives at the discharge port and buyer carry out the CIQ/SGS inspection, upon a successful inspection; buyer makes the balance payment of 87% by MT103 T/T within 48hrs.to complete the full product to the seller

7. Seller pays all intermediary involved in the transaction within 48 hours

8. Seller and buyer sign yearly contract.