[Open for Buyers] CIF PROCEDURE② – 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-TRIALAND CONTRACT SUPPLY TERMS. ++R/AOG

1. Buyer issues ICPO, along with Bank Coordinates, Corporate Certificate and the signatory’s passport copy to Seller.

2. Seller issues Draft Sales Purchase Contract (open for amendment) to Buyer, upon amendment, returned signed Contract (SPA), Seller borne charges to notarize the Contract and release the Notarized Contract to buyer within 2-3 working days.

3. Buyer’s bank within 10 working Days swift MT-799 Pre-advice to the Seller’s nominated bank account, Seller bank confirmed receipt of the MT-799 to Buyer Bank, and Buyer’s bank Initiate MT-760 SBLC or MT- 700 DLC to Seller Bank in amount of the trial shipment value and Seller bank respond with 2% performance bond. If Buyer fails/unable to issue MT-760 SBLC or MT-700 DLC within 10 working days, Buyer will borne/pay 2% of the trial product value to Seller (buyer 2%Product value will be deduct) from the Seller cargo after delivering and CIQ inspection at unloading port.

4. Seller on-receipt of bank Instrument (SBLC/DLC) or 2% product value from Buyer Bank, within 5 working days commence loading activities for the transportation of the product to the Buyer nominated unloading port and releases the below outlined proof of product/document such as: a. Copy of License to Export, Issued by the Department of the Ministry of Energy b. Copy of Statement of Availability of the Product c. Copy of the Refinery Commitment to Supply the Product d. Dip Test Product Passport Analysis Report e. The Authorization to Verify Product Letter f. Bonded Warehouse Receipt g. Charter Party Agreement (CPA) h. Certificate of Origin i. Bill of Lading and Vessel Q88 j. Manifesto k. SGS reports of Quality and Quantity

5. After sailing, Seller will provide below documents to Buyer via courier, the original Bill of Lading and any necessary shipping documents for handling advance customs clearance at discharge port, and also release the full documents to Buyer via email: a. Copy of License to Export, Issued By the Department of the Ministry of Energy. b. Copy of Approval to Export, Issued By the Department of the Ministry of Justice. c. Copy of the JSC TRANSNEFT Contract to Transport the Product to the Port. d. Copy of the Port Storage Agreement. e. Copy of the Charter Party Agreement (CPA) to Transport the Product to Discharge. f. Copy of Statement of Availability of The Product g. Copy of The Refinery Commitment To Supply The Product h. The Authorization to Board (ATB) the Vessel for inspection. i. Copy of the Resource Certificate j. Copy of allocation Number

6. Upon arrival of the vessel at Buyer discharge port, Payment will be made for the delivered quantity and quality by the Buyer’s Bank via TT/ MT103 to the Seller’s Bank, after the inspection by SGS/CIQ at port of discharge by Buyer and the delivery to the Buyer’s Bank of all documents required, and Seller issues to Buyer Title of Ownership Certificate.

7. For each shipment under the contract, Buyer release 100% payment in the amount and the currency (RMB/USD or other currency equivalent) on the invoice provided by Seller, via Telegraphic Transfer (International remittance) or MT103 to Seller’s designated bank, within Ten (10) working days after satisfaction of the inspection report from CIQ/CCIC at discharge port.

8. Seller makes payment for remuneration of labor immediately to the intermediaries, according to NCNDA/IMFPA after receipt of payments from Buyer, and both parties commence monthly shipment as per the signed and sealed legalize.

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.:2512111447OB