Sulphur Granular

NON-NEGOTIABLE CIF APPROVED DELIVERY PROCEDURE:

1./ Buyer issues fresh Official ICPO within 3 days and must be with buyer company letterhead.

2./ Seller issues Draft Contract (open for amendments) to Buyer signs, seals and returns the Draft Contract to Seller for final endorsement.

3./ Seller releases to Buyer the below listed Partial Proof of Products (PPOP) Documents:

a. Seller Irrevocable Commitment to Supply.

b. Statement of availability of product.

c. Certificate of Origin - Ministry of Energy, Republic of Kazakhstan.

d. ATSC Authorization to Sell & Collect.

e. Commercial Invoice for the First shipment.

f. Seller's bank Verbiage.

4./ Buyer issues the Financial Guarantee Irrevocable Confirmed NON-TRANSFERABLE SBLC MT760 / DLC MT700 (addressed directly to the seller’s bank account NOT fiduciary bank account) to cover the first shipment to Seller's Bank according as per the Seller's Verbiage in ten (10) bank working days. Upon confirmation Buyer’s SBLC / DLC, Seller will issue 2% Performance Bond (2% PB) to the Buyer bank within five (5) working days.

5./ NOTE: In case within ten (10) banking days, If the buyer fails to issue payment instrument, Buyer will write an email for the request of our payment invoice to make a cash deposit of $380,000 USD as a security guaranty fee and this stand as a security to enable seller charters vessel, pays cost insurance, export duty taxes, custom clearance and commence shipment, at Buyer’s discharge port. 

6./ Upon confirmation of Buyer's SBLC / DLC or guarantee deposit of $380,000 USD, Seller's Bank will issue 2% Performance Bond, full POP and Shipping documents via SWIFT Bank to Bank as shown below:

a. Copy of License to Export, issued by the department of the Minister of Energy, Republic of Kazakhstan.

b. Copy of Approval to Export, issued by the Ministry of Justice Republic of Kazakhstan.

c. Copy of Statement of Availability of the Product.

d. Copy of the Refinery’s Commitment to Produce the Product.

e. Copy of Transneft Contract to transport the product to the Loading port.

f. Copy of the Port Storage Agreement.

g. Copy of the Charter Party Agreement to transport the product to the Discharge port.

h. Copy of Vessel Questionnaire 88.

i. Copy of Bill of Lading.

j. SGS Report at Loading port

k. Dip Test Authorization (DTA) & ATB

l. NOR/ETA

m. Certificate of Ownership Transfer Allocation Transaction Passport Code Certificate (ATPCC) by Ministry of Energy.

7./ Shipment commences as per signed contract’s delivery schedule and the shipment should arrive at Buyer’s Discharge port within 5-24 days. The SGS inspection will be borne by the Seller at the Loading seaport and Buyer at Destination port.

8./ Buyer releases payment to Seller 100% by TT/MT103 upon receipt of the shipping documents and confirmation of the Q&Q by SGS/CIQ at Destination port.

9./ Upon confirmation of the payment, Seller issues to the Buyer the Title of Ownership and all Exporting documents.

10./ Seller pays commission to paymaster involved as per signed NCNDA/IMFPA and proceed accordingly for x 12 months shipment as per signed Sale Purchase Agreement/Contract between Buyer and Seller.