KAPETEXTICS 2025/TTV/01
ORIGIN: KAZAKHSTAN
LOADING PORT: HOUSTON/ ROTTERDAM/FUJAIRAH/JURONG/ ZHOUSHAN PORT/QINGDAO PORT/ LINGKOU PORT SHANDONG/HUI ZHOU PORT/ZHUJIANG PORT/ KLANG/DOHA/RAS LAFFAN/ KAOHSIUNG/NAGOYA/BUKOM & BUSAN
PROCEDURE: TANK TO VESSEL (TTV) STANDARD TRANSACTION PROCEDURE NON-NEGOTIABLE
1.Buyer issues an ICPO, containing the seller's work procedure and Buyers Banking details, along with a current and valid (CPA), Buyer Certificate of corporation, Company Profile (CP)and International Passport copy. Seller verifies and approves Buyer’s CPA.
2.The Seller issues ICC Warning Letter and Commercial Invoice of the products in the seller’s tank at the port to the buyer. The Buyer reviews, signs and returns the commercial invoice to the seller.
3.Seller submits a 48-hour old copy of fresh SGS Report to Buyer’s Logistic Company in that particular FOB port for verification of the SGS report with SGS in that Port.
4.Upon confirmation of successful verification of SGS Report by Buyer's Logistic Company in the Port, buyer immediately provides an ATI (Authorization To Inject) from their Logistics company to Seller. Seller injects product into buyer’s vessel and issues following POP documents to the buyer:
a. SGS Report
b. Q&Q analysis report done by Indigenous Lab at the port of Origin.
c. Full Injection Report
d. ATV /DTA
e. Copy of Product Certificate of Origin
f. Copy of product Export License to port
g. Allocation Certificate
h. Authority to sell and collect (ATSC)
5.Upon confirmation of above document, Buyer makes initial deposit of 10% total cost of product and obtain tittle transfer certificate. And buyer conducts Dip test on the product at the buyer’s cost for reconfirmation.
6.Upon confirmation of the SGS test by the buyer for the quantity and quality, the buyer makes 90% payment via MT103 for the total value of the injected product into the buyer’s vessel.
7.Seller pays all the intermediaries involved via NCNDA/IMPFA and subsequently, monthly shipments continue as per terms and conditions of the sales and purchase agreement contract between the buyer and seller.
KAPETEXTICS 2025/TTV/02
ORIGIN: KAZAKHSTAN
LOADING PORT: HOUSTON/ ROTTERDAM/FUJAIRAH/JURONG/ ZHOUSHAN PORT/QINGDAO PORT/ LINGKOU PORT SHANDONG/HUI ZHOU PORT/ZHUJIANG PORT/ KLANG/DOHA/RAS LAFFAN/ KAOHSIUNG/NAGOYA/BUKOM & BUSAN.
PROCEDURE: FOB TANK TO VESSEL (TTV)
1.Buyer issues an ICPO,
containing the seller's work procedure, Commitment Letter and Buyers Banking details, along with a current and valid CPA, Buyer Certificate of corporation, Company Profile (CP) and International Passport copy. Seller verifies and approves Buyer’s CPA.
2.Seller issues Commercial Invoice (CI) for the product available in Tanks at the port, Buyer signs and returns the Commercial Invoice to the Seller.
3.Seller issues a copy of 48 hours SGS report ATV, in the facility to the Buyer’s Logistic shipping company to verify product in seller’s tank reservoir and SGS report.
4.Upon confirmation of successful verification of SGS and product by buyer’s logistic shipping company/Tank Farm, Buyer issues to seller their valid Q88 and seller release the below listed PPOP documents to buyer:
a. Unconditional Dip test Authorization (UDTA)
b. Fresh SGS Report
c. Authorization to Physically Verify Products in Seller’s
Tank (ATV)
d. Q & Q Report
e. Ullage Report
f. Tank Storage Receipt
g. Tank Injection Report
5.Seller issues NCNDA / IMFPA to all intermediaries involved in the transaction and to seller/buyer. Endorsed NCNDA / IMFPA.
6.Buyer inspect by SGS (Dip test in Seller tanks) on buyer’s expense.
7.Seller issue (Authorization to Transfer from Seller Tank to Buyer Vessel. Buyer’s upon buyers satisfactory.
8.Buyer makes payment for the product via MT103/TT after completed injection and receiving copy of bill lading and seller transfer title ownership to buyer and sign yearly contract delivery.
KAPETEXTICS 2025/TTV/03
ORIGIN: KAZAKHSTAN
LOADING PORT: HOUSTON/ ROTTERDAM/FUJAIRAH/JURONG/ ZHOUSHAN PORT/QINGDAO PORT/ LINGKOU PORT SHANDONG/HUI ZHOU PORT/ZHUJIANG PORT/ KLANG/DOHA/RAS LAFFAN/ KAOHSIUNG/NAGOYA/BUKOM & BUSAN.
PROCEDURE: FOB TANK TO VESSEL
1.The buyer issues an Irrevocable Corporate Purchase Order (ICPO) containing the seller’s procedure along with company banking detail, company registration certificate, copy of the buyer’s signatory’s passport and charter party agreement (CPA) as confirmation and acceptance of the seller’s terms and conditions for sales and supply transaction.
2.The seller issues to the buyer.
a. Commercial Invoice (CI)
b. Tank to Vessel Injection
Agreement (TTVIA) – to be signed by the buyer’s logistic company.
3.The seller issues the following POP documents to the buyer.
a. Statement of Product Availability.
b. Commitment Letter to Supply.
c. Product Passport.
d. Certificate of Origin.
e. Tank Storage Receipt (TSR)
with Barcode and GPS Coordinates.
f. Injection Report.
g. Fresh SGS Report (not older than 48 hour).
h. Unconditional Dip Test Authorization (UDTA).
i. Authorization to Verify
Product in the Seller’s Tanks (ATV).
j. NCNDA/IMFPA.
4.The buyer shall verify and accept the SGS report or conduct a dip test of the product at the Buyer’s own expense at the Seller’s Tank storage facility. Upon verification, the Seller shall immediately commence injection of the product into the Buyer’s Tanker or Vessel.
5.The Buyer shall transfer the total value of the by means of an MT103/TT in exchange for the Certificate of Title either prior to or after injection of the product into the Buyer’s Tanker or Vessel as agreed amongst the parties.
6.Seller and Buyer sign a twelve (12) months Sales and Purchase Agreement (SPA).
7.Seller pays commissions to all the intermediaries involved in this transaction within 48 hours after receipt of full payment from the Buyer.
8.After successful first lift, monthly shipment will continue as per the terms and conditions of the Sales and Purchase Agreement between the Buyer and the Seller.
MUN/GP2025/TTV/04
ORIGIN: KAZAKHSTAN
LOADING PORT: HOUSTON/ ROTTERDAM/FUJAIRAH/JURONG/ ZHOUSHAN PORT/QINGDAO PORT/ LINGKOU PORT SHANDONG/HUI ZHOU PORT/ZHUJIANG PORT/ KLANG/DOHA/RAS LAFFAN/ KAOHSIUNG/NAGOYA/BUKOM & BUSAN
PROCEDURE: TANK TO VESSEL (TTV) STANDARD TRANSACTION PROCEDURE NON-NEGOTIABLE
1.Buyer Issues ICPO addressed to the Seller through the Seller Mandate along with Charter Party Agreement (CPA).
2.Seller Acknowledges Buyer ICPO and issues Commercial Invoice along with ICC letter, Buyer signs and return back Commercial Invoice (CI) and (ICC) letter.
3.Seller provides Buyer with the below listed PPOP:
a) Tank storage receipt (TSR)
b) (TTVIA) "To be signed by buyer and the shipping company"
c) Authorization to Sell and Collect (ATSC)
d) Irrevocable Commitment Letter to Supply.
e) Injection report (IR)
4.Buyer signed and endorse (TTVIA) with their shipping company.
5.Upon confirmation of the buyer signed (TTVIA), seller provides buyer the following
POP documents below.
a. Unconditional DTA.
b. 24Hrs SGS Report.
c. Product Origin Certificate.
d. Product Passport.
e. Authorization to Verify (ATV)
6.Buyer SGS team re-conduct inspection on the product in seller storage tank on buyer expenses. (Optional).
7.Buyer within 24 hours after successful Dip Test in seller tanks provides Q88. Seller proceeds for tank to vessel injection and provide buyer with SGS report and injection reports upon completing injection of the product into buyer's vessel.
8.Buyer make payment for the total cost of product injected into the buyer vessel through MT103, sellers transfer Title ownership to buyer with all exportation documents required of buyer for the transactions.
9.Upon the conclusion of every lift transaction seller pays all intermediaries involved in the transaction according to signed NCNDA/IMFPA and proceed with the signing of the contract with buyer.
MUN/JCON2025/TTV/05
ORIGIN: KAZAKHSTAN
LOADING PORT: HOUSTON/ ROTTERDAM/FUJAIRAH/JURONG/ ZHOUSHAN PORT/QINGDAO PORT/ LINGKOU PORT SHANDONG/HUI ZHOU PORT/ZHUJIANG PORT/ KLANG/DOHA/RAS LAFFAN/ KAOHSIUNG/NAGOYA/BUKOM & BUSAN.
PROCEDURE: FOB TANK TO VESSEL (TTV)
1.Buyer Submission:
Buyer issues an ICPO on company letterhead containing the Seller’s working procedure and banking details, along with a copy of the Buyer’s passport data page, Certificate of Incorporation, and CPA/TSA for Seller’s validation.
2.Commercial Invoice:
Seller issues a Commercial Invoice (CI) for the product in tanks at the designated port. Buyer signs and returns the endorsed CI to Seller.
3.Partial Proof of Product (PPOP):
Upon receipt of the endorsed CI, Seller provides the following PPOP documents:
a. Certificate of Origin
b. Commitment to Supply
c. Statement of Product
Availability
d. Product Export License.
e. UDTA to enable Port
Facility Security Officer (PFSO) clearance (important note: buyer must provide their inspection company information on the UDTA within 48 hours)
4.Port Clearance & Dip Test:
Upon PFSO clearance, Seller provides Buyer with access credentials and dip test schedule from the terminal operator.
5.Injection Preparation:
Upon satisfactory dip test result, Seller’s storage company issues a Notice of Readiness (NOR) for injection. Buyer provides Q88/TSR and ATI from their storage/shipping company and makes the vessel or tank available for injection.
6.Post-Injection Documents:
Upon completion of injection, Seller issues the following Proof of Product (POP) documents:
a. Pipeline Injection Report
b. Authority to Sell and Collect (ATSC)
c. Product Passport (Analysis Test Report)
d. NCNDA/IMFPA to all
intermediaries involved
7.Payment & Title Transfer:
Upon verification of the above POP documents and endorsement of NCNDA/IMFPA, Buyer makes full payment for the injected product via MT103 TT wire transfer. Seller, within 24 hours of payment receipt, pays all intermediaries and transfers the Title of Ownership Certificate to the Buyer’s nominated entity.
8.Continuation: Subsequent shipments proceed under the same terms and procedure.
MUN/GP2025/TTV/06
ORIGIN: KAZAKHSTAN
LOADING PORT: HOUSTON/ ROTTERDAM/FUJAIRAH/JURONG/ ZHOUSHAN PORT/QINGDAO PORT/ LINGKOU PORT SHANDONG/HUI ZHOU PORT/ZHUJIANG PORT/ KLANG/DOHA/RAS LAFFAN/ KAOHSIUNG/NAGOYA/BUKOM & BUSAN.
PROCEDURE: FOB TANK TO VESSEL
1.Buyer issues ICPO with CPA for verification and international passport copy (data page) to seller.
2.Seller issues a Commercial Invoice (CI) for the quantity of product, buyer signs and returns the CI to seller.
3.Seller returns the signed commercial invoice, and the seller proceeds to issue an inspection letter to inspect buyer vessel before releasing the full PPOP document with a fresh SGS report.
NOTE: The INSPECTION LETTER is to inform the buyer's shipping company that the seller's team is coming to have a physical inspection of the vessel to ensure the vessel is in good condition
4.Seller issues the partial pop documents as below and sends to buyer.
a. Fresh SGS (not older than 48 hours)
b. Certificate of Origin
c. Authorization to Verify (ATV)
d. Unconditional DTA
e. Commitment to Supply
f. Tank storage receipt (TSR)
g. ATSC
h. Injection Report.
i. Unconditional dip Test Authorization Letter (UDTА)
5.Buyer conducts inspection by SGS on buyer's expense.
6.Seller issues the NCNDA/IMFPA to all intermediaries involved in the transaction and upon successful dip test of the product, seller commences injection to buyer's tank or vessel, buyer makes payment of the product via MT103 and seller transfer's title
7.The seller pays commission to intermediaries involved in the transaction according to signed NCNDA/IMFPA
8. Second, and succeeding shipments continue.
MUN/GP/2025/TTV/07
ORIGIN: KAZAKHSTAN
LOADING PORT: HOUSTON/ ROTTERDAM/FUJAIRAH/JURONG/ ZHOUSHAN PORT/QINGDAO PORT
PROCEDURE: FOB TTV/TTT NON-NEGOTIABLE
1.The Buyer issues ICPO with his international Passport Copy (Data Page) to the Seller along with the buyer TSA/CPA to receive the product for verification.
2.The Seller issues Commercial Invoice (CI) for the available Quantity in the Seller's Storage Reservoir to the Buyer. Buyer signs and returns the CI to the Seller with their signed Tank Storage Agreement (TSA)/Charter Party Agreement (CPA) for the Seller's Verification, and then Seller returns the signed Commercial Invoice & Inspection Letter to inspect Buyer's Tank Farm/Vessel before releasing the Full PPOP Documents with Fresh SGS Report.
3.The Seller issues the Partial POP Documents as below and sends to the Buyer:
- Fresh SGS (Not older than 48 hours),
- Certificate of Origin,
- Authorization to Verify (ATV),
- Commitment to Supply,
- Unconditional DTA,
- Tank Storage Receipt (TSR) with the Related Injection Report,
- ATSC
4.The Buyer conducts inspection by SGS at the Buyer's expense.
5.Seller issues the NCNDA/IMFPA to all intermediaries involved in the Transaction and for endorsement.
6.Upon successful Dip Test of the Products, Seller commences injection to the Buyer's Tank/Vessel and Buyer makes Payment of the Products via MT103 and Seller transfers Title.
7.Seller pays all intermediaries within 48 hours as per signed NCNDA/IMFPA.
KMKL/2025/TTV/08
ORIGIN: KAZAKHSTAN
LOADING PORT: HOUSTON/ ROTTERDAM/FUJAIRAH/JURONG/ ZHOUSHAN PORT/QINGDAO PORT
PROCEDURE: FOB STANDARD FOR TTV
1.Buyer Issues ICPO & Preliminary Documentation.
- The Buyer submits a formal Irrevocable Corporate Purchase Order (ICPO) aligned with the Seller’s terms.
Attachments:
- Buyer’s banking details.
- Copy of International Passport data page (Buyer’s Authorizes Signatory).
- Company Registration Certificate.
2.Seller issues Commercial Invoice (CI) & Supporting Documents
- Seller provides a Commercial Invoice (CI) for the available product quantity in the port tank, along with:
a. Statement of Product Availability (Confirming Volume in Storage)
b. Product Passport (quality /quantity specifications).
c. Commitment to Supply (Seller’s binding commitment).
d. Tank Storage Receipt (TSR) (proof owner ship/storage).
3.Buyer Arranges Tank Storage Extension
- Buyer coordinates with Seller’s logistic team to extend tank storage for the dip test duration (minimum 3 days).
4.Execution of NCNDA/IMFPA.
- Both parties sign a Non-Circumvention/Non-Disclosure Agreement (NCNDA) and International Master Fee Protection Agreement (IMFPA) to formalize confidentiality and transaction terms.
5.Seller Submits Pre-Dip Test Documentation.
- Seller provides:
a. Injection Report (product injection details into tank).
b. Unconditional DTA (Documentary Transfer Authority or Delivery Transfer Agreement).
6.Dip Test Execution
- Independent inspection team conducts a dip test to verify product quantity/quality in the tank.
7.Payment & Title Transfer
- Within 24 hours of a successful dip test, Buyer remits full payment via MT103 SWIFT).
- Seller transfers title ownership to Buyer and provides export documentation (e.g. Bill of Lading, Certificate of Origin)
8.Post-Transaction Actions
- First Lift Completion: Product is loaded onto Buyer’s vessel/tank.
- Seller compensates intermediaries per the IMFPA.
- Long-Term Contract: Parties formalize a binding contract for future transactions.
SRKPETROL/2025/TTV/ 09
ORIGIN: KAZAKHSTAN
LOADING PORT: HOUSTON/ ROTTERDAM/FUJAIRAH/JURONG
PROCEDURE: NON-NEGOTIABLE FOB TANK TO VESSEL PROCEDURE DIP & PAY
1.Buyer issues official ICPO addressed to the refinery or representative.
2.Seller issues Commercial Invoice (CI), buyer signs and returns the signed invoice to seller.
3.Seller issues to buyer the partial proof of product documents:
- ATSC - Authority to sell and collect.
- Tank storage receipt (TSR).
- DTA - Dip Test Authorization.
- PRODUCT PASSPORT - Product analysis report from a renowned inspection company.
- STATEMENT OF PRODUCT AVAILABILITY DULY SIGNED AND NOTARISED BY THE APPROPRIATE AUTHORITIES.
- COMMITMENT LETTER TO SUPPLY.
- ATV – Authority to verify the existence of product from the storage company via email or phone call.
4.Buyer extends seller’s tanks for 2/3days and obtain Hub Numbers, terminal access permit endorsement from the port authority and dip test, is conducted immediately with buyer’s team to obtain fresh SGS report.
5.After successful Dip Test in Seller’s tanks, Buyer takes over seller’s tank or Seller injects into buyer’s vessel / Tank and buyer conduct its own DIP TEST Inspection for Q & Q of the Petroleum Products aboard vessel / Tank.
6.Buyer after successful Q &Q Dip test on the product, buyer makes the payment for the total value of product injected into the tanks through the means of MT103 - TT.
7.Upon seller receives the payment for the product from the buyer, seller issues to buyer the Title ownership of the product and all exporting document of the Product. Seller pays all intermediaries involved in the transaction.