[Open for Buyers] CIF PROCEDURE① – EN590 Supply Process Information

We are currently seeking sellers who are able to supply EN590 (10ppm) diesel under CIF (Cost, Insurance & Freight) terms.

This page provides the full official PROCEDURE (original English text) as presented by the seller,
along with an explanation of the conditions required for issuing an SCO (Soft Corporate Offer).

■ About SCO Issuance
For this transaction, the buyer must fully accept the PROCEDURE as a prerequisite.

1. First, we confirm whether the buyer’s required conditions match the PROCEDURE.
2. If the procedure aligns, the buyer proceeds to check and confirm the price (Price Check).
3. Once the buyer agrees to both procedure and price, the seller will issue the official SCO.

The flow is:Agreement to PROCEDURE → Price Confirmation → SCO Issuance
※ Buyers who cannot accept the PROCEDURE will not receive an SCO.

■ CIF EN590 PROCEDURE (Original English Text)
WORKING TERMS AND CONDITIONS COST, INSURANCE, AND FREIGHT (CIF) ASWP

Buyer issue ICPO containing the seller’s working procedure and banking details along with their Official buyer’s, company registration certificate and Corporate Profile (CP).

Seller sends Sales and Purchase Agreement (SPA) to Buyer for complete review and Endorsement.

Upon Complete review, buyer fully sign and stamp the SPA and return to Seller.

Seller legalizes and registers the contracts with the appropriate Authorities of the ministry of energy and Issues Partial Proof of Product (PPOP) Documentation to the buyer as stated:
A. Product Passport
B. Certificate of Product Origin
C. Statement of Availability of Product from Ministry of Energy
D. Company Profile/KYC
E. Company Registration Certificate
F. Commitment Letter to Supply

Seller Company appoints a tested/reliable shipping, Seller and end buyer will sign the Charter Party Agreement (CPA) together with the Shipping and Logistic Company (A three parties CPA).

Seller/Buyer makes payment for the Chartered Freight Cost with the appointed shipping company for the transportation of the product to the buyer’s designated discharge port. (Fee made by buyer will be deducted when making payment for the total cost of the product at the discharge port after a successful CIQ/SGS test at the discharge port)

Seller Company releases copies of POP and Shipping documents to buyer Company:
• Charter Party Agreement
• Shipping Schedule Document
• Product Analysis Report
• Certificate of Origin
• Bill of Lading
• Tank Receipt
• Vessel Q88
• SGS Report
• Certificate of Product

Upon Confirmation of POP by Buyer, Seller alert buyer on shipment ordered graphic/schedule accompanied with the submission of nominated vessel details to the buyer. Buyer issues an official letter with details of destination port/Buyer’s Tank Storage coordinates OPL STS and confirm readiness to receive the pregnant vessel at the discharge port. Buyer requests for Notice of Readiness (NOR), vessel master releases NOR and ETA to Buyer and upon receipt, Buyer responds, and the vessel commences voyage.

Seller commences shipping product and releases the listed shipping documents to buyer.

Vessel arrives at the maritime location of the buyer. Buyer’s vessel also meets the seller’s vessel at the agreed location for trans-loading and unloading to commence.

Upon successful product confirmation against the SGS/CIQ report of quality and quantity at the destination port, the buyer makes payment by MT103.

Seller within seventy-two (72) hours, the seller pays commissions to the seller side and the buyer pays buyer side intermediaries involved in the transaction.

DOCUMENTATION
• Invoice in 1 original + 2 copies
• Certificate of Origin from Chamber of Commerce
• Full set of B/L 3 originals + 3 copies (Freight prepaid)
• Clean on-board B/L
• SGS Certificate of weight, quality, and analysis
• Insurance policy covering 110% value of the goods

For sellers or buyers interested in this CIF EN590 opportunity, please feel free to contact us.
SCO will be issued only after the buyer confirms compliance with the PROCEDURE and completes price confirmation.

Inquiry Reference No.:2512111446OB