REFERENCE CODE: JAAB/2025/STS/01
ORIGIN: KYRGYSTAN / KAZAKHSTAN
LOADING PORT: BAKU PORT / AKTAU / BATUMI AND BLACKSEA
PROCEDURE: TRANSACTION PROCEDURES STS (SHIP TO SHIP)
1.Buyer issues an official ICPO with full buyer banking details & company registration certificate.
2.Seller issues a commercial invoice for first lift quantities at seller vessel for both party’s signatures and endorsement.
3.Buyer provides charter party agreement [CPA] for spot STS transaction for approval
4.Seller verifies buyers CPA and issues the below:
a. Freight cargo manifest
b. Commitment to supply
c. Product Passport
d. Authorization to Sell & Collect (ATSC)
e. Bill of lading (B/L)
f. Dip test Authorization (DTA)
g. Ullage Report
h. Nor to be signed by buyer vessel agency, and seller respond with ETA to STS spot
i. NCNDA/IMFPA
5.Within 48 hours‟ buyer contact sellers shipping company and obtain authority to board (ATB) and buyer vessel issues vessel details for injection and discharge programming.
(NOTE: The ATB (Approved Transfer Board) is free and does not attract any payment as long as buyer adhere to the procedure and do not deviate.)
6.On arrival at STS spot; buyer team board seller vessel and dip test of product is conducted at seller expense before commence Transfer of product.
7.After injection is completed; buyer conducts dip test inspection for quantity and quality of the product at buyer expense.
8.Upon successfully complete injection, buyer within 24 hours maximum payment via mt103 wire transfer for the total value of the product injected into buyer vessel a petroleum product is transferred to buyer.
9.Within 72 hours, commission Is paid to intermediaries involve in the transaction.