PROCEDURES ON CIF DELIVERY:

1. Buyer issues ICPO with Company Profile and End Buyer Passport Copy, Company’s Registration Copy.

2. Seller issues Draft Contract for Buyer Open for Amendment and Sign, and Send Back to Seller within 3 working days.

3. Seller Registers and Legalizes the Draft Contract with the Russian Ministry through the Seller Legal Law Firm, on Seller’s cost and sends Registered and Legalized Contract with Partial POP Documents to Buyer via Email as lists below:
➢ Certificate of Origin of the Product
➢ Company Registration
➢ Export License
➢ Seller Commitment Letter to Supply
➢ Commercial Invoice (CI)
➢ NCNDA/IMFPA to be Signed by All Involved Parties
➢ Seller Representative Passport Copy

4. In receipt and confirmation of the above Partial POP Documents, the Buyer issues the agreed Irrevocable, Transferable, or Non-Transferable, Operative SBLC-MT760 or DLC MT700, from Top 50 rated banks equivalent to monthly invoice value as a guarantee of payment. IF BUYER FAILS to issue - SBLC-MT760 or DLC MT700 within 7 working days, in alternative, Buyer shall make Guarantee Deposit of 5% MT103/TT Wire Transfer of Total Value of the Monthly Shipment to Seller’s nominated Fiduciary Bank Account as Performance to Secure the Allocation, which will be deducted from the first shipment.

5. Seller swifts 2% to Buyer’s Bank along with Full POP with Shipping Documents as listed below via Bank to Bank and Email, as the Loading commences immediately.
➢ Government ATPCC Approval
➢ Certificate of Quality & Quantity of Product
➢ Bill of Lading
➢ Vessel Q88 Document / Train
➢ E.T.A. (Estimated Time of Arrival) of Vessel
➢ Vessel (N.O.R.) Notice of Readiness
➢ Train/Cargo Manifest
➢ Inspection Report
➢ NCNDA/IMFPA Endorsement via Buyer’s Bank
➢ CPA
➢ Product Photo’s end Videos

6. Within 3-5 Banking Days of the Vessel Arrival at Buyer’s Destination Port, Buyer makes payment to Seller via TTMT103 upon receipt of the Shipping Documents from the Captain and Confirmation of the Q&Q by SGS/CIQ at the Destination Port.