VESSEL TO VESSEL- SHIP TO SHIP STS

1. Buyer Initiates Purchase & provides the following:
The Irrevocable Corporate Purchase Order (ICPO)
Charter Party Agreement (CPA) from a recognized verifiable shipping company.
Recent bank statement or other valid Proof of Funds to demonstrate financial readiness.
Certificate of Incorporation
Company Registration
Passport copy of company representative.

2. Vessel Details Submission & Logistics Verification Buyer provides:
Vessel Captains contact/radio details
Quality Questionnaire (Q88)
Authority to Load (ATL) from the buyer approved shipping company
Vessel Coordination & Product Verification

3. Sellers vessel captain contacts the buyers captain to coordinate movement to the Vessel-to-Vessel (VTV) location. Seller issues to Buyer the following proof of product (POP) documents for Buyers confirmation.
a.Certificate of Quantity and Quality (SGS) conducted in Vessel tanker at the loading port
b.Refinery Commitment to supply
c.Certificate of Origin
d.Statement of Avaliability of Product
e.Cargo Manifest
f.Bill of Lading
g.Vessel Tanker Q88
h.Dip Test Authorization (OTA)
i.Authority to Board (ATB) authorizing buyers inspection team to board the vessel.

4. Buyer verify cargo documents and engages SGS independent Inspection third-party to Conduct dip test.

5. Payment & Ownership Transfer
MT103/TT Payment
Upon successful dip test, buyer remits 100% payment via MT103/TT wire transfer.
Title & Document Transfer

6. Seller transfers:
Full title of ownership
Final Proof of Product (POP)
All export/shipping documents
Transaction Conclusion - Vessel Separation & Agent Commissions

7. Upon confirmed payment and document transfer, vessels separate.
Seller pays all agreed intermediary commissions within 72 hours of receiving payment.