Professional Documents
Culture Documents
GEC RUSGEO FOB Based SCO Format
GEC RUSGEO FOB Based SCO Format
2. Seller issues commercial invoice, Buyer signs and return commercial invoice along with an
acceptance letter of commitment to execute transaction.
4. Upon confirmation of the above documents by Buyer, Seller issues to the Buyer the below Full
POP Document.
a) Injection Schedule.
b) Act of Transfer / Change of Ownership Documents.
c) Authority to Sell and Collect (ATSC)
d) Freshly Updated SGS Report.
e) Injection / Q&Q Report.
f) Tank Storage Receipt (TSR) with tank number, GPS coordinates and tank location.
g) Authorization to Verify (ATV) physical verification.
h) Unconditional Dip Test Authorization (DTA).
5. NCNDA/IMFPA is signed by all intermediaries / agents / mandates involved. Upon successful
dip test by Buyer, Seller injects product into Buyer’s tanks and Buyer makes payment for the total value
of product injected into the tanks by MT103/TT.
6. Seller pays all intermediaries / agents / mandates involved in the transaction. Upon satisfaction by
Buyer, both Buyer and Seller sign contract for monthly delivery with rolls and extension.
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Please send us your ICPO on above terms, conditions and stepwise procedure without any deviation
addressed to :
End Seller Refinery
Via Director of ______________
Moscow, Russia
through GLOBAL ENERGY COLLABORATIONS
Haledon, NJ – 07508, USA
Attach this acceptance copy by signing , stamping and date, with your ICPO and email on:
oilgas@globalenergycollaborations.com
Thank You,
GLOBAL ENERGY COLLABORATIONS
(Div. of Global Collaborations) Buyers acceptance Signature, Stamp & Dt.
Director ______________________________
SECOND ALTERNATIVE: RWA & DLC BASED LONG TERM BUYERS FOR
FOB ROTTERDAM DEAL, AS PER THIS PROCEDURE:
1. Buyer issues ICPO, Company Registration Certificate and passport copy of signatory.
2. Seller issues commercial invoice, Buyer signs and return commercial invoice along with an
acceptance letter of commitment to execute transaction (suggestive format, can be sent)
3. Seller issues Proforma Invoice to Buyer, Buyer’s Bank issues RWA MT999/MT199 pre-advice to
Seller’s nominated fiduciary bank stating readiness to issue DLC MT700. Buyer sends to seller swift
copy of the issued RWA MT999/1999.
4. Upon confirmation, Seller issues to Buyer the following transaction documents (Partial POP):
~ Statement of Product Availability.
~ Unconditional Commitment to Supply.
~ Commercial Invoice for the total 1st liftable product value.
5. Within five (5) banking days, Buyer’s bank in accordance with seller’s verbiage issues swift DLC
MT700 to Seller’s fiduciary nominated bank account to cover the 1st liftable total product value and
send swift copies to Seller to enable issue and send the FULL POP Documents of the product.
Seller’s bank issues 2% PB to Buyer's bank to activate Buyer's financial instrument within five (5)
days.
4) Upon successful exchange of instrument between seller and buyer’s bank, seller issues to the
buyer the below Full POP Documents:
~ Injection Schedule.
~ Act of Transfer / Change of Ownership Documents.
~ Authority to Sell and Collect (ATSC)
~ Freshly Updated SGS Report.
~ Injection / Q&Q Report.
~ Tank Storage Receipt (TSR) with tank number, GPS coordinates and tank location.
~ Authorization to Verify (ATV) physical verification.
~ Unconditional Dip Test Authorization (DTA).
5. NCNDA/IMFPA is signed by all intermediaries / agents / mandates involved. Upon successful dip
test by Buyer, Buyer provides their TSA and TSR and Seller injects product into Buyer’s tanks and
Buyer makes payment for the total value of product injected into the tanks by MT103/TT.
6. Seller pays all intermediaries / agents / mandates involved in the transaction. Upon satisfaction
by Buyer, both Buyer and Seller sign contract for monthly delivery with rolls and extension.
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Please this is just an alternate procedure as you know and anything contrary is NOT accepted.