Certified :

General Trading Oil & Gas ISO 9001

Head Office : Jln Bojong Asri III F-4 N0.2 Kel/Kec Bojong Rawalumbu Kota Bekasi Jawa Barat Indonesia OHSAS 18001
Cabang : Jln. Inggit Garnasih No. 48 Kota Bandung 40252 Jawa Barat Indonesia ISO 14001
Phone/Fax : +62 022 5200707 +62 022 5207450, Fax : 022 - 5209964
Email : [email protected] website: www.bangunsaranaengal.com

STANDARD PROCEDURE FOB ROTTERDAM/FUJAIRAH

PROCEDURE FOR TANK-TO-TANK (TTT) FOB ROTTERDAM/ FUJAIRAH:
1. Buyer Issues LOI or ICPO Addressed To Seller/Refinery Mandate Along With TSA and POF(Proof of funds).
2. Seller Issues Commercial Invoice, Buyer Signs And Returns Back To Seller Within The Validity Period
Stipulated On The Commercial Invoice.
3. Seller Verifies Buyer Tank Farm And If Approved, Seller Proceed To Request For Invoice Of 5 Days Payment
Remittance, Seller Leases The Buyer Tank Farm For 4 Days Only and Buyer Pays for 1 Day. Seller Also Issues
Injection Schedule Upon Buyer Tank Farm Receiving Payment And Issuance Of The TSR And Seller Proceed To
Inject The Product Into The Leased Tank Storage.
4. Upon Successful Injection, Seller Releases The Following PPOP Documents To Buyer:
A. Product Certificate Of Origin.
B. Authorization To Sale And Collect (ATSC)
C. Product Passport.
D. Dip Test Authorization.
E. Injection Report And NCNDA/IMFPA Will Be Signed By All Intermediaries Involved In The Transaction.
5. Upon Buyer Receipt Of The PPOP, Buyer Inspects Product With SGS Agent Or Equivalent.
6. After Buyer'S Successful Dip Test On The Product, Buyer Makes The Payment For The Total Value Of The
Product Via MT103- TT.
7. Upon Seller Receiving The Payment For The Product From The Buyer, Seller Issues To Buyer The Title
Ownership Of The Product And All Exportation Documents Of The Product.
8. Buyer Lifts The Product With Its Vessel Tanker. Seller Pays All Intermediaries Involved In The Transaction And
Send SPA To Buyer For One Year Subsequently Monthly Shipments Continue As Per Terms And Conditions Of
The Contract.
 Certified :
General Trading Oil & Gas ISO 9001
Head Office : Jln Bojong Asri III F-4 N0.2 Kel/Kec Bojong Rawalumbu Kota Bekasi Jawa Barat Indonesia OHSAS 18001
Cabang : Jln. Inggit Garnasih No. 48 Kota Bandung 40252 Jawa Barat Indonesia ISO 14001
Phone/Fax : +62 022 5200707 +62 022 5207450, Fax : 022 - 5209964
Email : [email protected] website: www.bangunsaranaengal.com

TANKER-TAKE-OVER (TTO) STANDARD BANKING PROCEDURE :

1. Buyer issues an official ICPO with Company Registration License, POF(Proof of funds) and Pasport.
2. Seller issues Takeover of Contract MOU to buyer along with the NCNDA/IMFPA for all parties /intermediaries
to sign, buyer signs and returns the Take over of Contract MOU with an official acceptance letter to execute
the transaction along with the NCNDA/IMFPA signed by all parties/intermediaries involved.

3. Seller legalizes the Take Over of Contract MOU and within 48 hours release copies to buyer with the
PPOP/Shipping Documents: Bill of Loading Vessel tanker details Cargo manifest Product Passport (Analysis
Test Report), 10% payment invoice.

4. Upon receipt of the above documents by the buyer, buyer verifies product availability / vessel positioning via
the vessel master/captain and shipping company. Buyer within 48 hrs makes 10% part payment of the on-
board product quantity as transaction commitment and security guarantee deposit/payment to the Buyer
and Refinery’s Escrow Account at a nominated fiduciary bank outside Russian Federation (Note: the 10%
port payment will be deducted from the product total value).

5. Upon receipt confirmation of the above payment, seller issues the act of transfer / change of ownership title
documents, loading port SGS test report, Product approval to export certificate, Product export license
certificate. Authorization to board the vessel (ATB) and Dip test authorization (DTA) and all shipping
documents will be reissued in buyer's name and vessel will be sent/rerouted to the buyer's discharge port.

6. Upon arrival of the vessel at discharge port and on successful discharge port SGS or equivalent inspection,
buyer pays 90% balance payment of the total product value via T/TMT103.

7. Seller pays commission to all parties stipulated in the signed NCNDA/IMFPA within 72 hours.
 Certified :
General Trading Oil & Gas ISO 9001
Head Office : Jln Bojong Asri III F-4 N0.2 Kel/Kec Bojong Rawalumbu Kota Bekasi Jawa Barat Indonesia OHSAS 18001
Cabang : Jln. Inggit Garnasih No. 48 Kota Bandung 40252 Jawa Barat Indonesia ISO 14001
Phone/Fax : +62 022 5200707 +62 022 5207450, Fax : 022 - 5209964
Email : [email protected] website: www.bangunsaranaengal.com

CIF TRANSACTION PROCEDURE :

1. Buyers issues Irrevocable Corporate Purchase Order (ICPO) addressed to the Seller Refinery along with
company profile, buyer passport and POF(Proof of funds).
2. Seller issues SPA (Sale & Purchase Agreement) Buyer review, amend (if necessary), signs, and return the SPA in
WORD format to Seller within seven (7) banking days along with buyer’s Client Information Sheet (CIS) and
stating the exact bank issuing the Financial Instrument and the Financial Instrument issuer’s Client Information
Sheet (CIS) “if different from the buyer’s company name”. Seller sends Final Approved SPA to Buyer in PDF
Format along with the Proforma Invoice for buyer’s issuance of SBLC MT760 / DLC MT700 preadvice or Ready,
Willing and Able (RWA) MT999/199/799 to Seller’s fiduciary bank outside Russian Federation confirming their
readiness and capability to execute the transaction.
3. Buyer sends swift copy of their issued SBLC MT760 / DLC MT700 pre-advice or Ready, Willing and Able (RWA)
MT999/199/799 to Seller’s fiduciary bank outside Russian Federation. Upon confirmation, Seller issues to
Buyer via email the following transaction documents (Partial POP):
a. Unconditional Commitment to Supply.
b. Product Passport also known as Certificate of Analysis (COA)
c. Statement of Product Availability.
d. Commercial Invoice for the total 1st shipment product value.
4. Within 7 Banking Days The Buyer’s bank send SBLC/DLC to the selling fiduciary bank verbiage to the seller’s
nominated fiduciary bank account for first shipment’s value. The selling bank issues complete documents to
the buyer bank together with the 2% Performance Bond.
But if the buyer fails to issue SBLC/DLC within seven (7) working days, as an alternative provision buyer pays 5
% of the total product value directly via MT103 as a transaction guarantee which will be deducted from the
product’s invoice value of the product at the destination port.
5. Upon Seller’s bank successful exchange of instrument method with buyer’s bank or REFUNDABLE /
DEDUCTIBLE Security Guarantee Deposit / Payment of 5% of the total 1st shipment product value via T/T Wire
to seller's fiduciary bank, Seller to finalize loading within five - seven (5-7) working days.
Seller invites buyer for visitation to witness the final inspection and TTM for negotiation of future transactions
(Optional to Buyer).
Seller loads product within six (6) international working days, signs NCNDA/IMFPA between all intermediaries
involved with the notarized copy sent to Seller's bank and registers & legalizes the contract and sends to Buyer
the following Full POP Document by swift via bank to bank and a copy via email to buyer and representative.
Seller sends one full set of ORIGINAL POP documents to our authorized Customs Clearance agent at
destination port, and send one full set of COPIES POP documents to Buyer’s address via DHL or FedEx expedite
(overnight) service and provide tracking numbers. (17 sets below):
1. Copy of the Charter Party Agreement(s) to Transport the Product to Discharge Port.
2. Act of Transfer/Change of Ownership Title.
3. Certificate of Incorporation.
4. Registered & Legalized Contract.
5. Allocation Title Ownership Certificate.
6. Copy of License to Export.
7. Copy of Approval to Export.
8. Port Storage Tank Agreement.
9. Tank Receipt.
10. Certificate of Origin.
 Certified :
General Trading Oil & Gas ISO 9001
Head Office : Jln Bojong Asri III F-4 N0.2 Kel/Kec Bojong Rawalumbu Kota Bekasi Jawa Barat Indonesia OHSAS 18001
Cabang : Jln. Inggit Garnasih No. 48 Kota Bandung 40252 Jawa Barat Indonesia ISO 14001
Phone/Fax : +62 022 5200707 +62 022 5207450, Fax : 022 - 5209964
Email : [email protected] website: www.bangunsaranaengal.com

11. Notice of Readiness (NOR)

12. SGS/Saybolt Certificate of Quality and Quantity, One (1) Original and three (3) copies.
13. Cargo Manifest.
14. Vessel Ullage report .
15. Vessel Q88.
16. Bill of Lading .
17. Estimated Time of Arrival (ETA)

6. Buyer notifies seller by official written notice of his bank receiving seller’s pop documents. Shipment
commences as per contract schedule and product is to buyer’s designated discharge port and upon arrival of
the cargo at the discharge port, buyer’s inspection team carries out CIQ, SGS or equivalent inspection to
ascertain quality and quantity.
7. Product is discharged into buyer’s destination port/storage facility after successful inspection, Buyer release
payment via swift fund transfer MT103/TT within 3 to 5 banking days to Seller for total shipment value after
discharge of product at destination port/storage facility and receipt of the entire relevant shipping documents.
Seller within 48 hours pays the intermediaries involved according to signed & notarized NCNDA/IMFPA.
Second and succeeding shipments continue.