ICPO INSTRUCTIONS

RFQ Description

ICPO INSTRUCTION Address ICPO To LIMITED LIABILITY COMPANY RUSENERGO/Augustine Ofili CIF ASWP APPROVED STANDARD BANKING WORKING PROCEDURES: 1)Buyer issues ICPO with company profile to seller upon receipt of soft corporate offer. 2)Seller issues Sales and Purchase Agreement open for amendment for buyer review. 3)Buyer review draft agreement and returns sign copy in word format to seller. 4)Seller review contract acknowledged and return sealed to buyer for final execution. 5)Upon acceptance of seller issues to buyer fresh SGS report including list of Proof of Product POP Registered and approved by the appropriate ministry all the documents will be sent through (GCS) government courier service the expenses will be borne by buyer. A. STATEMENT OF AVAILABILITY OF PRODUCT B. TANK RECEIPT OF THE PRODUCT STORAGE C. CERTIFICATE OF ORIGIN D. CHARTER PARTY AGREEMENT E. REGISTERED HARD COPIES CONTRACT ISSUED BY THE MINISTRY OF JUSTICE F. CERTIFICATE OF CONFORMITY G. COMPANY CERTIFICATE OF TAX INCORPORATION H. FRESH SGS REPORT BASED ON INTERNATIONAL ANALYTICAL REPORT I. EXPORT LICENCE & ATS J. ALLOCATION TRANSACTION PASSPORT CODE CERTIFICATE K. INJECTION REPORT L.(ATV). 6)Seller submits all documentation stating buyer as legal title holder and owner of allocation to the shipping company. 7)Seller provides the buyer the full information of the shipping company. Buyer contacts the shipping company and finalizes the shipping schedule. 8)Buyer’s confirm and issue payment instrument BG/SBLC via MT760 /DLC MT700 through swift for the first total lift able trial shipment, within 5 working days, seller transfer title approve by the ministry of energy to identify the buyer’s company name as the beneficiary owner of the product allocation. 9)Seller issues all Proof of Product including the SGS based on international analytical report/BILL OF LADING to buyers Bank in accordance to instrument Presented by buyer’s bank, Seller’s Bank replied with 2%PB to activate the letter of credit issued by the buyer’s bank. 10)Seller clears vessels from the commercial terminal (Russian Shore) Buyer confirms shipping documents with vessels captain while Seller effect delivery to buyer destination according to contract schedule and arrange payment to all intermediaries involved from both party representatives after confirmation of quality and quantity (Q&Q) or CIQ report.