Técnicos

CIF STANDARD PROCEDURE TTM
 
⁠1. Buyer issues ICPO must be with buyer company letterhead and buyer banking information
2. Seller issues the draft contract SPA to Buyer/Buyer signs seals and returns the SPA to Seller,
3. Seller sends a copy of the approved final contract to the buyer along with the below Partial proof of products, (POP) documents.
a) Refinery commitment to supply.
b) Certificate of Origin.
c) Statement of availability of product.
d) Export license
e) Proforma invoice for the first value shipment
f) Product passport
4. Within seven (7) working days, Buyers Visits Seller Representative office for TTM MEETING AND Physical Agreement signing,upon having TTM meeting and physical agreement signing in sellers representative office, buyer will proceed immediately to make a deposit of $400,000 (Four hundred thousand united state dollars) from the total cost of product by MT103/TT wire transfer for security guarantee purpose to enable seller charter vessel and commence shipment, and this payment will be deducted from the total cost of product after inspection at discharge port or legal action will be taken against the buyer for default.
5. Upon buyer’s successful guarantee deposit of $400.000 or successful confirmation of buyer’s security guarantee from seller’s nominated fiduciary bank via MT103 TT wire transfer, seller proceeds immediately to Issue Full POP Documents to the Buyer’s Bank.
Full POP Documents;
a) Fresh SGS report
b) Copy of Approval to Export, issued by the Ministry of Justice.
c) Copy of statement of availability of product.
d) Copy of Refinery commitment to produce the product.
e) Copy of license to export, issued by the department of Ministry of Energy Kazakhstan.
g) Copy of Port storage agreement.
h) Copy of the charter party agreement to transport the product to discharge Port.
i) Copy of vessel questionnaire.
j) Copy of bill loading.
k) Dip test Authorization (DTA) & ATB.
l) NOR/ETA.
m) Certificate of ownership f transfer.
n) Allocation Transaction Passport Code Certificate (ATPCC) by Ministry of Energy.
6. Within 5-25 days. The SGS inspection will be borne by the Seller at the loading seaport and Buyer at the unloading seaport
7. Buyer releases payment to Seller by TT/MT103 upon receipt of the shipping documents and confirmation of theQ& Q by SGS/CIQ at destination port.
8. Seller pays commission within 48 hours by swift MT103 to all intermediaries as signed NCNDA/IMPFA.

Warm regards,
--
Mr. Thomas McMicheal
CEO
Syntex Energy LLC 
Legal Address: 2277 Plaza Drive, Suite 288, Sugar Land, Texas 77479,United States.
Email: sales@syntexenergyllc.com / info@syntexenergyllc.com / marketing@syntexenerqyllc.com 
Tel/WhatsApp: +17738658124 
Website: https://syntexenergyllc.com

Thank you for choosing Syntex Energy LLC.