ATYRAU OIL REFINERY PROCEDURES
CIF PROCEDURE
1. Buyer issues Purchase Order upon receipt in acceptance of seller's
Soft Offer.
2. Seller issues Draft Sales and Purchase Agreement Contract for buyer's
review and signing.
3. Seller sends partial POP to Buyer via email:
(a) Statement of Availability of Product
(b) Commitment to Supply
(c) Product Passport
(d) Product Allocation Export License
(e) Company Registration Certificate
4. Seller appoints and signs charter Party Agreement with the buyer and
the Shipping Company. Buyer and Seller pay to the shipping company for
transporting of the product to buyers final discharge port.
5. Shipment commences as scheduled in the contract and upon arrival of
the cargo at the discharge port and after SGS/Q&Q or Equivalent
inspection immediately Buyers Bank releases the Total value of the
shipping to Seller's Bank within 48hours (two banking days) By MT103.
6. Buyer / Seller pays all intermediaries involved in transaction as per
IMFPA within 48 hours.
THE NON-NEGOTIABLE PROCEDURE FOR SPOT FOB FREE-ON-BOARD ROTTERDAM
1. Upon acceptance of the seller’s Corporate Offer (SCO/FCO), the buyer issues the Irrevocable
Corporate Purchase Order (ICPO) copying this working procedure & to include
1.1. The buyer’s company's full banking details.
1.2. The authorized signatory/officer’s data page of his / her Passport
1.3. The buyer’s valid Tank Storage Agreement (TSA) with a shore tank farm company (tank
farm)
at Rotterdam, re=executed with the refinery’s name added in it as the “applicable seller”
2. The seller issues the Commercial Invoice (CI) to the buyer for review & acceptance
3. Buyer returns the executed CI with a fresh Tank Storage Receipt (TSR) valid for a minimum
of
five (5) days.
4. The seller issues & emails all the following soft Proof of Product (POP) to the buyer
evidencing
the vessel leaving for the nominated Rotterdam Tank Farm Company
4.1. Fresh Quality and Quantity Q&Q Reports (to be provided after full product’s payment)
4.2. Clean on-Board Ocean Bill of Lading or Vessel Q88
4.3. Exports License
4.4. Statement of Availability & Commitment to Supply
4.5. Cargo Manifest
4.6. Other relevant shipping documents
4.7. All parties in this transaction execute the NCNDA / IMFPA R&E
5. The vessel arrives at the nominated port of discharge; the seller shall immediately issue the
Notice of Readiness (NOR) the buyer or the Rotterdam Tank Farm to release their
Authorization
To Verify & Inject (ATV & ATI) to the seller.
6. The buyer to provide their soft verifiable availability of fund to the seller to proceed with the
transaction. Transloading into buyer’s storage tank to commence to the ATI schedules
7. Upon completion of discharging into buyer’s storage tank, the seller shall issue the Dip Test
Authorization (DTA) and the consignment’s Injection Reports to the buyer to engage their SGS
or
equivalent to conduct the Dip Test Analysis and Quality & Quantity Certification (SGS
Certification).
8. The entire SGS Certification cost at port of discharge by SGS or equivalent to be borne by the
buyer & a copy of the certification to be forwarded to the seller for reference
9. Within a maximum of 72 (Seventy-Two) hours upon successful SGS Certification, buyer’s
bank
releases the payment for the amount in CI via SWIFT MT103 / TT Fund Transfer.
10. Upon confirmation of receipt of full payment from the seller’s bank, the seller will air-
courier all
the original copies of the product’s title document to the buyer’s nominated addressee.
Finally, the refinery is requesting for an official guaranteed letter regarding the number 7 CIF
procedure, buyer will proceed with the 5% guarantee deposit if buyer fails to issue SBLC in 6
working days after receiving the POP. We will proceed once we receive the official letter.
IMPORTANT INFORMATION
Refinery Website: [Link]
Payment terms: SBLC MT760/MT103 tt
The ICPO must go to name of ATYRAU OIL REFINERY, to the attention of
Kairedenov Arman, Alexander Kalasnicov and Nacho Cartagena.
PURCHASE COMMITMENT LETTER
Buyer’s Information
Issue Date: ………………
Company Name: ……………………
ICPO Nº: ………………….
Adress: ………………………………….
Mail: ………………………………………
CLAUSE 7
Dear Sir,
We.......................ready and capable to go thought with this deal, and we will issue SBLC
within 5 days of receiving the POP (proof of product), documents as said in the
procedure (Clause 7) that would be automatically activated. Below is clause 7.
If buyer fails to issue SBLC in 5 working days, in alternative buyer shall make guarantee
deposit of 5% TT wire from Total value of the contract to seller’s fiduciary bank account
as performance to secure the allocation which will be deducted from the first shipment.
Signed and sealed by:
CEO
