Buyer must issue LOI/ICPO with following details, Specification
of product, Quantity, Duration, Delivery terms, Payment term,
Bank Details, signed by 2 Authorized Corporate Officers sealed
and/or stamped. Company profile and copy passport.
Seller sends FCO, within 3 working days after reception Buyer’s
ICPO, with all details procedure signed by 2 Authorized
Corporate Officers sealed and/or stamped, Draft contract and
draft bank instrument for acceptance.
1. Buyer signs FCO and return to “Veox Oilneft” full set of
- a) ICPO
Notarized / NCNDA/IMFPA
- b) Draft Contract with Initials of 2 Authorized
Corporate Officers, for acceptance
- c) Copy of the passport of signatory
- d) Buyer confirms finance capacity.
2. After reception of all set of document, signature
contract between Seller and Buyer within 5 banking days
bank confirms resource availability (POP) to Buyer’s bank
(within 3 banking days) after receiving
letter from Buyer's uyer’s bank about
readiness to open bank instrument.
° Copy of freight and transport of the goods to loading port.
° Warehouse certificate confirming product availability
° Copy of “Export License”
4. Buyer’s bank issue bank instrument in favor of Seller to
the monthly quantity within 3 banking days after
5. Delivery guarantee – Seller issue 2% PB on monthly
6. Within 25 banking days, Seller conduct delivery of
product to loading Port
a) Including examination of quality and quantity by SGS in
Delivery to final destination, under terms CIF ASWP, is within
45 banking days from issuance of bank instrument to seller's
bank. Each subsequent monthly shipment is according to delivery
Full set of 2/3 of Bill of Loading
Every document needs to be signed by the Captain or Senior
Assistant of Loading port.
Quality Certificate issued by SGS 1 original and 3 copies
Origin Certificate issued by Chamber of Commerce of the
country of origin, 1 copy
Timeline of loading in port of loading, 1 copy
Commercial Invoice based on SGS certificate, 1 original and 3
Prescription by the Captain of samples and documents, 1 copy