STEP 1: COMMERCIAL INVOICE (CI)
• Seller issues the Commercial Invoice (CI) to the Buyer for review.
• Buyer reviews, signs, and returns the CI, confirming acceptance of terms.
STEP 2: PORT ACCESS AND DOCUMENTS
• Seller schedules appointments for the Buyer to conduct a site visit at the tank farm and Buyer pays
$69,503 for Terminal Handling Charges for the site visit.
• Buyer attends the meeting with seller to verify product availability
STEP 3: TANK EXTENTION
• Buyer covers the tank lease extension for 5 days to have their name placed on the TSR and export
documents, enabling the inspection team to conduct the dip test at the shore tank farm.
STEP 4: BUYER DIP TESTING PROCESS
• Inspection team is scheduled to conduct the dip test at the tank farm.
• Dip test results are reviewed jointly by Buyer and Seller to confirm quality and quantity.
STEP 5: PAYMENT RELEASE
• Upon satisfactory dip test results, Buyer makes payment of 50% of the total value of the cargo via the
agreed method (Bank transfer or Crypto).
• Seller confirms receipt of payment and issues acknowledgment.
STEP 6: LIFTING
• After payment confirmation, loading of product into Buyer’s vessel commences (please note that
Seller can assist Buyer nominate vessel to deliver product to Buyer’s discharge port, if required)
• Product Release Documents are provided, including transfer of product title from
ENERGIX to Buyer.
STEP 7: PRODUCT TAKEOVER
• Buyer makes full and final payment of 50% of the total value of the cargo via the agreed method (Bank
transfer or Crypto) and shipment to Discharge Port commences.
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