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PROCEDURES FOR CIF ASWP SPOT OR CONTRACT

PROCEDURES FOR CIF ASWP CONTRACT
TWO OPTION PROCEDURES FOR CIF ASWP CONTRACT

PROCEDURES CIF ASWP OPTION 1

STEP 1
GNGROUP provides to buyers:
  • SCO Soft Corporate Offer
  • The NCND + IMFPA Forms need to be filled in and signed by the buyer as a cover to the agent, consultant, mandate or broker involved in the sale and purchase
  • ICPO Format As a mandatory guide for buyers to provide official ICPO
STEP 2
Buyer provides GNGROUP:
  • Official ICPO such as ICPO Templates Format from GNGROUP
  • Copy of Buyer Scan Passport
  • Buyer's Company Profile in PDF file
STEP 3
GNGROUP provides to buyers:
Draft SPA (Sales Purchases Agreement) For review, completion or any correction. Then, the buyer sends (Email) the Draft SPA back to GNGROUP

STEP 4
GNGROUP provides buyers "Proforma Invoice".
Buyers pay to Bank Importer SWIFT MT103 (TT). Bank Importer is a Third Party as the Trustee. Payment should be in the amount indicated in the Invoice to Bank Importer if the buyer does not have the ability to issue SBLC (SWIFT MT760). Bank importers accept payment of buyers. Once payment is received, Bank importer provides Swift MT760 (SBLC) to Bank Refinery. Bank Importer will not release payment to GNGROUP, REFINERY and the Parties Involved while the buyer has not done (Dip & Test) with Positive result (Cargo passed SGS).

STEP 5
Seller issue Full POP and Shipping Documents Including (against shipment Documents (Q88, SGS report certificate, Bill of Lading) and test report Q88, SGS report certificate, Bill of Lading:
  • Copy of Commercial Invoice.
  • Copy of Approval to License certificate.
  • Copy of Statement of Availability of the Product.
  • Copy of the Refinery Commitment to Produce the Product.
  • Copy of the Transnet Contract to Transport the Product to the Port.
  • Copy of the Port Storage Agreement.
  • Copy of the Charter Party Agreement(S) To Transport the Product to Discharge Port.
  • Dip test Authorization, Tank receipt and SGS report.
  • Copy of Vessel Questionnaire 88
  • Copy of Bill of Lading.
  • Certificate of Origin.
  • Allocation Transaction Passport Code Certificate [ATPCC]
  • The customs formalities, and test report to buyer/Bank.
STEP 6
Buyers provide to GNGROUP:
Vessel name, Captain’ Vessel Name, Contact number, Email and Fax Number (If the product is shipped, STS). GNGROUP will send notice to buyer, notification of date and time of vessel refinery to begin shipping. Vessel Captains contact each other and coordinate boarding of vessel for buyer’s inspectors.

STEP 7
Once a refinery ship arrives at the buyer's area, the buyer with the inspection team starts doing the Dip and Test on the quality and quantity of the product on the refinery vessel. After the buyer performs the Dip & Test on the product, if the buyer is satisfied, the buyer will make the product approval. Captain Ship refinery will send the approval to GNGROUP and Bank Importer. Bank Importer will notify that the buyer's fee within 24 hours will be refunded to Refinery, GNGROUP and the commissioner who is involved.

STEP 8
Product is transferred to buyer's vessel with all shipping documentation and title is transferred to buyer.

PROCEDURES CIF ASWP OPTION 2

STEP 1
Buyer provide below requirement to GNGROUP PTE. LTD.
OFFICIAL ICPO WITH FULL BANKING DETAILS
NCND + IMFPA
COMPANY PROFILE
PASSPORT PICTURE PAGE

STEP 2
Seller Issues Draft Contract Open for Amendments. Buyer Counters Sign and Seals the Draft Contract and Sends Via E-Mail to Seller within 2 Working Days.

STEP 3

Seller issue proforma invoice and Buyer Within three (3) banking days, Buyer or Buyer bank provides BG/SBLC, DLC or the Minimum Deposit, if the buyer does not provide any BG/SBLC, DLC or Any instrument bank accepted by the seller only, BG/SBLC, DLC or Bank Instrument will be placed on the seller’s Sister Banks Fiduciary Company and send a copy of the receipt to the Seller.
Note: Minimum Deposit Required to help buyers get the funder (Bank Instrument: LC, BG, SBLC, the owner of bank Instrument) to qualify as a valid customer

STEP 4

Seller issue Full POP and Shipping Documents Including (against shipment Documents (Q88, SGS report certificate, Bill of Lading) and test report Q88, SGS report certificate, Bill of Lading:
  • Copy of Commercial Invoice.
  • Copy of Approval to License certificate.
  • Copy of Statement of Availability of the Product.
  • Copy of the Refinery Commitment to Produce the Product.
  • Copy of the Transnet Contract to Transport the Product to the Port.
  • Copy of the Port Storage Agreement.
  • Copy of the Charter Party Agreement(S) To Transport the Product to Discharge Port.
  • Dip test Authorization, Tank receipt and SGS report.
  • Copy of Vessel Questionnaire 88
  • Copy of Bill of Lading.
  • Certificate of Origin.
  • Allocation Transaction Passport Code Certificate [ATPCC]
  • The customs formalities, and test report to buyer/Bank.
STEP 5
Ship arrives at port destination port and conduct inspection on the goods and Buyer release payment to seller bank after inspection at port 100% payable for each shipment within 2 banking days upon the cargo passed SGS and receipt of all the relevant payment documents.

STEP 6
Seller pays commission to Seller Side, Buyer pays Buyer side commissions:
  • 50%: Seller Side: (50% Closed to Seller Side)
  • 50%: Buyer side: (50% Open to Buyer Mandate & Intermediaries)
  • The agreed commission will be included within an Irrevocable Master Fee, Protection Agreement (IMFPA) to be signed between the buyer and the seller, group of each party prior to issuance of the Sales and Purchase Agreement (SPA).
STEP 7
Buyer will pay 8% to Seller as penalty if the buyer fails to perform and default while Seller will pay 8% to Buyer as penalty if the Seller fails to performed and default.

Any further questions please contact our representative as detailed below:
CALL, SMS, WHATSAPP:
MR. AIME ZEEM (Indonesia, Thailand) +60172685679
MR. NAZ BOY (Asia Tenggara) H/P: +60129060394
MS. SAFIAH (Northern Asia) H/P: +601121093261
MR. JAUHARI (International) H/P: +601132145677
MR. ZACK (South-East Asia) H/P: +60192297179)
MR. RAIS (Eastern Asia) H/P: +6282366022435
MR. PYANTO (Dubai, Hong Kong) H/P: +60133304703
MR. HALIM (Americas) H/P: +60172892769
MR. ASYA’RI (Western Asia) H/P: +60177513489
MR. SYAPOL (Middle East Asia) H/P: +60129149690
MR. BORHAN (North America) H/P: +6590620692
MR. RIZKI (South America) H/P: +60172073036
MR. ZULFADZLY (Europe) H/P: +60176929100
MS. IRNAWATI (India, Pakistan) +60122320934
MR. YUSOF (Africa) H/P: +60179205350
MR. AHMAD (Antarctica) H/P: +60173635856
MR. NORDIN (Australia) H/P: +6584038353
MR. FIQ (Malaysia, Brunei) H/P: +60198450785
MR. SHEEM (Kenorland) H/P: +60145538989
Email: export@gngroupms.com
Email: 1mytv4u@gmail.com
Blog: http://gngmsb.blogspot.com
Website: http://www.gngroupms.com/