Aramco Sco Updated 1
Aramco Sco Updated 1
Aramco Sco Updated 1
TERMS OF TRANSACTION:
EN590 DIESEL
JET FUEL A1
SULPHUR GRANULAR
2. Seller issue commercial invoice to buyer and buyer sign and return the
signed commercial invoice.
5. Buyer contact Tank Farm and lease tank storage for 3 days minimum to
obtain Tank Storage Receipt TSR and inspection permit for buyer to perform SGS
inspection or dip test.
b. Certificate Of Origin
d. Passport
7. Upon the certified SGS Quantity and Quality confirmation by the buyer and
their bank, buyer pays 100% of the available product via MT103 before injection
or product transfer commence.
8. Buyer provide Tank receipt (TR) and Injection Authorization Schedule (IAS)
or vessel details plus NOR to Seller, for product transfer.
9. Seller change the title of the ownership to buyer's name and buyer pay the
buyer side commission and seller pay the seller side commission per the
official prices in the CI according to the signed NCNDA/IMFPA..
1. Buyer issues Purchase Order ICPO upon receipt in acceptance of seller's Soft
Offer with Company registration copy and passport copy.
2. Seller issues Draft Sales and Purchase Agreement Contract and, Commercial
Invoice for buyer's review and signing.
3. Buyers sign the Sales and Purchase Agreement Contract and Commercial Invoice
back to the seller.
4. Seller registers and legalizes the signed Sales and Purchase Agreement
Contract with the Saudi Arabia ministry of Oil & Gas. Buyer pays for the
legalization fee.
5. Seller sends legalized contract and below Partial POP Documents to buyer as
listed below:
Certificate of Origin,
Commitment to Supply,
Product Passport,
6. Buyer issues their Financial Guarantee (DLC MT700 or SBLC MT 760) to cover
the first shipment to seller's bank in Five (5) working Days.
Bill of Landing,
10. Shipment commences and upon arrival of the vessel tanker at the discharge
port, buyer conducts SGS Inspection and makes operative SBLC/DLC or makes
payment for the full shipment via TT Wire or MT103.
MR YUSUF ABDULAHI
SALES CHAIRMAN ARAMCO