We manage high-grade petrochemical transactions with institutional rigor. Select our audited CIF or FOB TTO frameworks below to review our standard compliance mechanics.
The Buyer issues an Irrevocable Corporate Purchase Order (ICPO) along with the Buyer’s Company Registration Certificate for the Seller’s compliance and credit vetting.
The Seller issues the Sale & Purchase Agreement (SPA). The Buyer reviews, signs, and returns the SPA in WORD format within seven (7) banking days, along with the Buyer’s Client Information Sheet (CIS) specifying the exact issuing bank. The Seller registers and returns the Final Approved SPA in PDF format along with the Proforma Invoice (PI), enabling the Buyer’s bank to prepare the issuance of a Documentary Letter of Credit (DLC MT700) / Standby Letter of Credit (SBLC MT760) pre-advice, or to issue an MT799/MT199 Ready, Willing, and Able (RWA) notification.
Upon verified receipt of the Buyer's bank RWA (MT799/MT199), the Seller shall directly provide the Buyer via official corporate email with the following Partial POP documents legally endorsed under the Seller's allocation:
Confirming that the product's physical and chemical specifications comply with the EN590 standard.
A valid commitment letter endorsed through the Seller's channel (primary refinery’s sensitive details omitted).
A statement confirming the physical product availability for this specific shipment.
Disclosing the volume, specs, tank numbers, and terminal identity codes. **Transparency Mechanism:** The verification of this TSR shall be initiated by the Seller via official corporate email directly to the terminal’s compliance desk, with the Buyer’s designated corporate email officially CC'd, allowing the Buyer to simultaneously receive the terminal’s direct, unedited official confirmation reply (Reply All).
Issued for the total product value of the first shipment.
* The Buyer shall formally confirm the receipt and validity of the documents within 48 hours via official email after receiving both the terminal’s compliance reply and the complete Partial POP package.
Within ten (10) banking days following Partial POP confirmation, the Buyer’s bank shall issue an operative, irrevocable DLC MT700 or SBLC MT760 covering the first shipment's total value to the Seller’s designated fiduciary account. Upon verification, the Seller’s bank shall issue a 2% Performance Bond (PB) to the Buyer's bank within seven (7) days to fully activate logistics and instruct product loading.
Upon credit instrument activation, the Seller moves forward with maritime logistics and progressively releases cargo title and marine shipping documents in phases:
All SGS inspection, testing, and measurement fees at loading port are fully borne by the Seller. The Seller may extend an official invitation to the Buyer for a voluntary on-site visit to witness loading and conduct a Tank Top Meeting (TTM) for long-term contract negotiations.
The vessel departs for the destination port. Upon arrival, a fresh SGS inspection is finalized at Buyer's expense. Settlement and title transfer are executed via separate settlement channels:
Buyer’s bank completes compliance check and releases 100% full payment upon presentation of **Phase C** documents (Master BL & loading SGS). Buyer presents original Master BL to instruct discharge, completing delivery.
Seller issues a Letter of Indemnity (LOI) to discharge cargo into Buyer's shore tanks without original BL. Within 3-5 days of destination SGS report, Buyer pays 100% via MT103/TT. Upon cash verification, Seller hands over original physical Master BL.