We do work with the fallowing Term/Procedure ONLY,please NO TIME WASTERS,Thank you.
Term/procedure we do work with:

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CIF

1.Seller issues SCO.
2.Buyer issues and sends the ICPO with full banking details and its Company Profile to the seller.ï¿½

3.Seller issues the FCO and sends it to Buyer, the Buyer signs and sends back within 03 working days.

4. Delivery for TRIAL shipment start.
5. Seller issues Commercial Invoice for the TRIAL shipment.ï¿½

6. Seller send to buyer the following documentation (FPOP):ï¿½

Certificate of origin issued by the ministry of energy.
Q88 (Intertankos Standard Chatering Questionnaire).
Bill of Lading.
Certificate of Quality and Quantity issued by Societe Generale de Survellance (SGS) or Sayboltï¿½

Report.
Dip Test Authorization letter. (ATB-DTA)ï¿½

7. Seller will issue and send the draft contract in favor of the buyer for his approvalï¿½

8. Upon arrival of vessel at the port of destination and after the successful Dip Test result, Buyer makes payment as agree by the parties in the Commercial Invoice within twenty four (24) hours. If the inspection at port of destination is not carried out within a maximum period of 02 bank working days the buyer will lose the right for the trial shipment.
Upon confirmation of Act of Transfer in Buyers Name, the Seller sends to the Buyer, Title of ownershipï¿½certificate to be followed by all export documentation.ï¿½

9. Upon the finalization of the trial shipment, the buyer will sign and send back the DRAFT CONTRACT to the seller within 03 working days.ï¿½

10. Seller sends back the final electronic version of the contract.ï¿½

11. Within 05 banking days of signing of the final contract (electronic version), the buyers bank will send via SWIFT MT760 the NO-OPERATIVE Standby letter of credit (as per format given in the contract) against whichï¿½the sellers bank will issue the 2% operative Performance Bond which will activate the no-operative standby letter of credit.ï¿½

12. Delivery for contract shipment commences as per schedule mutually agree.ï¿½

13. Upon arrival of vessel at the port of destination and successful inspection by Societe General de Survellance (SGS) within a maximum period of 24 hours payment is released by MT-103 and title will be transferred to the Buyer.ï¿½

14. If the inspection at the port of destination is not carried out within a maximum period of 03 working days, the inspection certificate issued at the port of loading will be considered as final and payment will be drawn against the STANDBY letter of creditï¿½

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Buyers bank will issue via SWIFT MT-760 an irrevocable, no-transferable, auto-revolving, unencumbered, unconditional and confirmed Standby letter of credit orï¿½PRIME BANK GUARANTEEï¿½for the aggregate sum of USD$ _____.-/ covering the last months shipment quantity and value that will act as a collateral security guarantee towards successful completion of the contracted quantity with a maturity period of 13 months from date of issue.ï¿½

Actual payment will be made by Swift MT-103 cash wire transfer within 03 days of arrival of vessel and inspection and Dip Test by Societe generale de Survellance (SGS) at port of unloading against presentation ofï¿½shipping documents stated in the contract at the Buyers bank.
The Draft Format of the standby letter of credit or prime bank guarantee will be given in the contract as annexï¿½copy FORMAT OF THE FINANCIAL INSTRUMENT

FOB Procedure
CONTRACT PROCEDURE AND TERMS OF PAYMENT: F.O.B.

1. Seller issues FCO / SCO + product specifications addressed to â€œElisa BEM LLCâ€.

2. End Buyer sends back the signed FCO along ICPO, to the Seller, with all Banking details + Company Profile.

3. Seller issue Draft Contract (SPA) open for amendments. Seller and Buyer agree and countersigned. Seller executes contract. Contract to be lodge at their respective banks.

4. Seller Issue Commercial Pro-forma Invoice for the lift-able quantity together with TSR and SGS. 5. Buyer sign and seal C.P.I. and send back to seller.

6. After TSR and SGS verifications the Buyer must issue Soft Probe Authorization to Sellerâ€™s Bank. Via bank to bank.

7. The Seller after verification of found availability via Soft Probe must issue within 24H (twenty-four hours) DTA - (Tank Dip Test Authorization Letter) with format in agreement with the Buyer.

8. Buyer make Dip Test for lift-able quantity, and within 24H (twenty-four hours) of receipt of the positive report of SGS, the Buyer's bank issues the payment for the Lift-able quantity by MT103 against the transfer of title.

9. Immediately after the success of the first lift-able within 24H (twenty-four hours), Buyerâ€™s Bank issues to the Sellerâ€™s Bank, a Non-Operative Letter of Credit (SBLC) revocable, NON Transferable, Revolving and Confirmed by prime bank.

10. Sellerâ€™s Bank issues to the Buyerâ€™s Bank, 2% PB to active the IRDLC / SBLC, and FULL POP for subsequent delivery, as by scheduling agreement