Documents

 
 
 

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Documents Provided by the Buyer

At the very beginning of the cooperation we require following documents from the Buyer, who should should be able to present them:

  • Company profile of the Buyer
  • The name of Signatory entitled to act in the name of the company (with number and copy of his passport)
  • Company name, residential address, registered office, fax, web, e-mail, phone, mobile
  • The name of the bank intended to be used for the transaction
  • Required types of the petroleum products, volumes, port of discharge
  • Verification whether company has already realization such kind of business, Level of qualification in such business
  • Written statement that Buyer accepts and agrees with Seller's Procedures

If Buyer hasn't closed any similar transaction, it is necessary to state it in initial letter and provide us with a brief proposal of how they are planning to proceed. The Seller / Title Holder expects full transparency from potential Buyers. Transparency and credibility can be proved by documents provided for the Buyer at the very beginning. The entire process from exchange of necessary document up to the signature of the Sale and Purchase Contract is being realized in copy with us, K-Trading Ltd. Buyer is obliged to keep us informed about the course of the transaction until the product is delivered to the port of discharge and payment is realized.

 

Documents Provided by the Seler / Title Holder

Seller/Title holder expects full transparency from potential Buyers. Transparency and credibility can be proved by documents provided for the Buyer at the very beginning. These documents can be easily verified and can prove that our Seller holds the title to all offered products, export licenses and other necessary documents. This means that throughout the process both Buyer and Seller are obtaining more credible information about each other. 

The entire process from exchange of necessary document up to the signature of the Sale and Purchase Contract is being realized in copy with us, K-Trading Ltd. Buyer is obliged to keep us informed about the course of the transaction until the product is delivered to the port of discharge and payment is realized.

 

POP - Proof of Product (set of documents that serve as a Seller's proof that the product is real)

  1. Partial Proof Of Product (PPOP) Documents typically consist of: 
  • SGS Inspection Report or equivalent (SGS)
  • Dip Test Analysis Report (DTAR)
  • Certificate of Origin (COO)
  • Tank Storage Receipt (TSR)
  1. Full Proof Of Product (Full POP) are sent by Secured Mail to the Buyers Bank / Buyer and typically consist of:
  • Copy of License / permit to export, issued by the department of the ministry of energy (If applicable)
  • Copy of statement of availability of the product
  • Copy of the refinery commitment to produce the product
  • Copy of the pipeline corporation contract to transport the product to the loading port
  • Refinery certificate of product
  • Copy of the port storage agreement (TSR - If applicable)
  • Dip Test Authorization letter (DTA)
  • Copy of SGS or equivalent report (SGS)