procedura

GOOD ENERGY – FUEL TRADING PROCEDURES

Secure, transparent, and professional fuel trading standards for global buyers.

1️⃣ CI DIP & PAY Procedure

Step-by-Step Procedure

APPROVED NON-NEGOTIABLE SPOT CIF PROCEDURES:
1. BUYER ISSUE ICPO MUST BE WITH BUYER COMPANY LETTERHEAD AND BUYER BANKING
INFORMATION.
2. SELLER ISSUE DRAFT CONTRACT TO BUYER.
3. BUYER SIGN AND RETURN BACK TO SELLER.
4. SELLER ISSUE THE PPOP DOCUMENTS TO BUYER VIA EMAIL ADDRESS SUCH AS
A) STATEMENT OF AVAILABILITY OF PRODUCT,
B) COMMITMENT TO SUPPLY,
C) CERTIFICATE OF ORIGIN,
D) PRODUCT QUALITY PASSPORT (ANALYSIS TEST REPORT) BY AZERBAIJANI STANDARD GOST
AZ.
5. SELLER SHALL SEND THE BUYER AN ESCROW CONTRACT TO STUDY AND SIGN
6. UPON THE SIGNATURE OF THE BUYER AND RETURN TO THE SELLER, THE BUYER AND
SELLER SHALL DEPOSIT ONE MILLION DALLARS EACH INTO THE SELLER ESCROW LAWYER
ACCOUNT IN SINGAPORE OR THE UNITED STATE OF AMERICA AND THIS PAYMENT WILL BE
DEDUCTE…
PURCHASE PROCEDURES: (F.0.B)

1. Buyer issue ICPO with the seller terms and conditions and their TSA.
2. Upon seller satisfaction of the ICPO from the buyer, the seller issue commercial invoice.
3. Buyer study and signed the commercial invoice within 3 working days and return back to the seller
4. Upon the seller received the signed copy of the commercial invoice from the buyer, seller issue to the buyer the below PPOP document
(A) Statement of availability
(B) Commitment Letter to supply
5. Upon buyer receiving the PPOP document seller Request the buyer to provide TSR from their storage company with GPS coordinate
6. Upon receiving the TSR AND GPS coordinate from the buyer tank farm seller shall issue the Dip test Authorization and Authorization to verify
7. Upon seller i…

CI DIP AND PAY PROCEDURE
1. Buyer sends ICPO to Seller on receipt of Seller’s Soft Corporate Offer.
2. Seller issues Commercial Invoice (CI) for the available quantity to Buyer, Buyer Signs and returns CI to Seller.
3. Upon Receiving the CI Buyer signed and returns and asks for invoice for payment for three days to seller tank.
4. Seller provides buyer the invoice and buyer pays for three days extension to conduct dip test.
5. Upon the confirmation of the buyer payment by seller bank, Seller issues Dip Test Authorization letter signed by all parties.
6. Upon the countersigning of the DTA, Buyer orders SGS or INTERTEK to Conduct Dip test on the product in Seller’s Tank at Buyer’s expense, upon successful dip test of the product in the Seller’s tank.
7. Seller shall immedia…

TANK TO VESSEL PROCEDURE
1. The buyer issue ICPO and the CPA
2. Seller release the commercial invoice within 48 hours
3. The buyer sign and return the CI to seller along with their Notice of readiness (NOR) from their shipping company
4. Seller issue the ppop document as below A) Product Quality passport
B) Certificate of origin
C) Commitment to supply
D) Statement of product availability
5) The Buyer provides ATI and Q88 from his or her shipping company
6) Seller issue unconditional dip test authorization, TSR to buyer, buyer conduct dip test in seller tank at buyer cost
7) After the successful dip test, injections commences to buyer vessel 8) After the successful injection seller issue
A) Allocation license
B) Title ownership transfer affidavit
C) Tax Registration…

TANK TO VESSEL PROCEDURE.
1. Buyer issue ICPO containing the Seller’s working procedure with banking details and scanned copy of Buyer’s passport along with CPA Document.
2. Seller issues commercial invoice then Buyer signed back and return commercial invoice to Seller along with vessel Q88.
3. Seller appoints the escrow entity from Singapore to draft out the escrow agreement for both parties refundable 5% Performance Guarantee Deposit (PGD). Seller provide the buyer of the listed POP below:
a) Authorization to Verify (ATV) with access code and hub number for physical verification of the product. b) Tank Storage Receipt (TSR) with GPS Coordinate
c) Injection Report
d) Unconditional Dip Test Authorization Letter (UDTA)
e) Authorization To Sell and collect (ATSC) f)…

1 Buyer issue ICPO and CPA
TANK TO VESSEL PROCEDURE TTVIA
2 The seller issue commercial invoice CI to the buyer
3 Buyer sign and return the commercial invoice
4 Seller issue to buyer Tank to Vessel In Agreement (TTVIA) to be endorse by both seller, and buyer and
buyer Logistics Company.
5 upon returned of the TTVIA, seller release to the buyer the following PPOP document Commitment Letter to Supply
B Seller tank storage receipt TSR
C statement of availability
D Unconditional dip test Authorization letter (UDTA)
E. Product passport.
F. Injection Notification
G. Authorization to verify the product via email and telephone from seller logistic company
6 Upon the buyer received the PPOP document, the buyer and his vessel company issue to the seller the following…

TITTLE TAKE-OVER TRANSACTION PROCEDURE
1 Buyer issue ICPO with banking details.
2 Seller issues complete Tank Take-Over (TTO) draft contract of loaded consignment for Buyer’s vetting and signature which shall immediately be reverted to Seller for notarization /endorsement by a competent authority.
3 Seller endorses TTO contract, returns a copy to Buyer with the following proof of product (POP) documents that were issued in the initial Buyer’s name via email;
a) Certificate of Product Origin
b) E.T.A. (Estimated Time of Arrival) Of Vessel
c) Bill of Lading
d) Tanker Vessel Q88 Document
g) Ullage Report
h) Freight/Cargo Manifest
i) Notice of Readiness
k) Invoice ($1,590,000.00) down payment
4 Buyer verifies and confirms the PPOP documents, and One Million- Fiv…

VESSEL TO TANK (VESSEL TO TANK) TRANSACTION PROCEDURE: VTT

1. Buyer issues Purchase Order with their valid TSA Agreement for verification and approval.

2. Seller issues MOU for buyer’s review and signing and their Tank storage company to also sign and endorse the MOU at the discharge port.

3. Seller issues the Proof of Product (POP) documents in Buyer Company’s name as listed below.
a. Certificate of Origin.
b. Product quality passport (Analysis Test Report)
c. Commitment to Supply
d. Bill of Lading
e. Authorization to Sell & Collect (ATSC)
f. Cargo Manifest
h. Vessel Q88

4. Upon receipt of the POP documents,
5. Buyer provide their TSR.
6. Upon receiving the buyer TANK FARM TSR AND INFORMATION , the seller will instruct the vessel master to re-route the ve…

SHIP TO SHIP (STS) TRANSACTION PROCEDURE:

1. Buyer issues Purchase Order with their valid CPA Agreement for verification and approval.

2. Seller issues MOU for buyer’s review and signing and their logistics company to also sign and endorse the MOU at the discharge port.

3. Seller issues the Proof of Product (POP) documents in Buyer Company’s name as listed below and after Verify POP Buyer Activates their valid Chartered Q88:
a. Certificate of Origin.
b. Product quality passport (Analysis Test Report)
c. Commitment to Supply
d. Bill of Lading
e. Authorization to Sell & Collect (ATSC)
f. Cargo Manifest
h. Vessel Q88

4. Upon receipt of the POP documents,
5. Buyer provide their vessel Q88 at high sea and all their vessel particulars, including ISPS code and c…

: FOB SGS PROCEDURE.
1. Buyer issues ICPO along with Buyer’s Company Certificate of Registration with Banking Information & Passport Copy.
2. Seller issues Commercial Invoice (CI), Buyer Signs & Returns back the CI along with Buyer’s Tank Storage Agreement (TSA).
3. Seller submits a 48 -hours old hard copy of fresh SGS Report to the buyer Tank Farm Company in for verification of the SGS Report.
4. Upon confirmation of SGS Report by Buyer’s Tank Farm Company in, Seller requests for Buyer Active & Operational TSR for Injection Program. (TSR days depend on the Quantity to be Injected), Seller injects product to Buyer‘s Tank and Issues following POP documents to the buyer.
a. Q&Q analysis Report done by Indigenous Lab at the Port of Origin. B. Full Injection Report.
c. ATV/UDTA.
d. Copy of Product Certificate of Origin.
e. Copy of Product Export License to Port.
f. Allocate Transfer Certificate.
g. Authority To Sell & To Collect (ATSC).
5. Buyer conducts DIP TEST on the product at the buyer’s cost for the reconfirmation.
6. Upon confirmation of the SGS Test by the Buyer for the Quantity & Quality. Buyer makes 100% payment via MT103 T/T wire transfer for the total Product injected into the buyer’s tank.
7. Seller pays all Intermediaries involved via NCNDA/IMFPA and subsequently. Monthly Shipment continue as per terms & conditions of the sales and purchase agreement contract between the Buyer and the Seller.