➢ PRODUCT: UREA N46 ➢ MINIMUM SHIPMENT: 12500 MT. ➢ DELIVERY
➢ PRODUCT: UREA N46
➢ MINIMUM SHIPMENT: 12500 MT.
➢ DELIVERY TERMS: CIF ASWP
➢ PAYMENT TERM: DLC MT700/TT WIRE/MT103
CIF-TRANSACTION PROCEDURES.
1. Buyer issues an official ICPO with company registration license.
2. Seller issues Pre-Contract Agreement (PCA) open for amendment to buyer.
3. Buyer Countersigns the Pre-Contract Agreement.
4. Seller submits the signed Pre-Contract Agreement to the ministry of energy for registration
and legalization at seller's expense and sends to buyer the below listed soft performance
guarantee POP documents:
a) Commitment letter to supply the product
b) Availability letter of product
c) Certificate of origin
d) Company registration license
e) Commercial Invoice
5. Buyer’s bank issues financial instrument via USD DLC to cover the first shipment to Seller’s
fiduciary bank within 10 (Ten) banking days. (Please note: If the buyer fails to issue financial
instrument within Ten (10) working days, in Alternative. Buyer shall make deposit of $300,000
USD Via MT103 wire to seller fiduciary for security guarantee to enable seller to secure
6. Upon confirmation of Buyer’s USD DLC or $300,000 security guarantee fee, Seller issue 2%
performance bond if the buyer issued DLC.
7. (If necessary) seller prepares, legalizes and obtain all POP and shipping documents in buyers
name, and issue invitation letter to buyer for Table Talk Meeting (TTM) AND MUST BE
MINIMUM OF 3 REPRESENTATIVES), and buyer bears the cost of hotel reservation and security
within the 3 days visit upon his arrival (nothing upfront).
8. Upon arrival of the buyer, seller issues the original hard copy of the contract for signatory of
both parties, and seller and buyer exchange the hard copies of the contract and lodge them to
their respective banks together with the below Full POP and shipping documents via swift bank
to bank as shown below:
A. Product allocation export permit.
B. Allocation title ownership certificate.
C. Transneft contract to transport the product to the loading port.
D. Port storage agreement.
E. Charter party agreement to transport the product to discharge port
F. Warehouse receipt.
G. SGS/CCIC quality and quantity report.
H. Bill of lading.
I. Vessel questionnaire 88
9. Shipment commences and upon arrival of the vessel tanker at the discharge port, Buyer
conducts SGS/CCIC Inspection and makes operative DLC for the full shipment via TT Wire or
MT103.
10. Within 48 hours seller pays Commissions to all Intermediaries involved in the transaction.
11. Subsequently monthly shipment continues as per signed SPA and product payment will be
made against successful SGS/CCIC or equivalent inspection via TT/MT10
Call and WhatsApp number
00989175060608
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