30 Years of Collective Experience in the Industry
Refined Oil
- Russian Diesel Gasoline (Sulphur Fractions)
- Aviation Kerosene JP54 GOST 10227-86
- Gasoline 92 / 95 / 97 & Unleaded
- Light Cycle Oil
- IFO -380 Bunker Fuel
- CST 180 Fuel
- Heavy Fuel Oil (Mazut M-100 GOST 10585-99/75)
Contract Banking Procedures – CIF
1. Buyer issues Letter of Intent (LOI) with product specifications
2. Seller replies with Soft Corporate Offer (SCO) with product amount and price
3. Buyer issues Irrevocable Corporate Purchase Order (ICPO) together with financial standings to seller.
4. Seller issues draft contract with NCNDA and IMFPA
Seller issues draft contract to buyer with NCNDA and IMFPA. The buyer reviews and makes any necessary amendments before signing and sending back the contract to seller.
5. Seller notarizes contract and Partial Proof of Product (PPOP)
Seller notarizes the contract and Partial Proof of Product (PPOP) at buyer’s expenses and send the notarized copy to buyer in PDF as the final contract with the following documents:
- Product certificate of origin
- Product passport – quality certificate
- Seller commitment letter to supply the product
- Commercial Invoice (CI)
- The Chartered Party Agreement (CPA)
- Export approved license
6. Buyer issues DLC, MT700
On receipt of the notarized contract in PDF with the other PPOP documents, buyer issues DLC, MT700 within 3 working days OR buyer pays Earnest Deposit (amount to be advised) of the first shipment to seller as an alternative guarantee payment to take care of the freight for shipping which will be deducted from the total value of the product in the commercial invoice.
7. Seller issues full Proof of Product (POP) shipping documents to buyer
One set of the following documents consisting of three originals and non-negotiable copies will be issued for every shipment:
- Clean on board bill of lading marked “freight prepaid” and blank endorsed
- Q88 full vessel details
- SGS quality and quantity analysis report
- Certificate of Title Transfer in buyer’s name [notarius endorsed]
- Shipping schedule
- Tank receipt
- Product passport certificate
- Non-wooden packing
- Product confirming warrant
- Supply commitment letter
8. Seller ship products to buyer's port
Seller ship products to buyer’s port and present original shipping documents to buyer and buyer pays within 3 days after CIQ or SGS via MT103 or TT.
9. Seller pays all mandates within 72 hours
G Atlantic Company Profile
G Atlantic Oil & Gas Private Limited is a trusted mandate and reseller offering oil products and petrol chemical sourced from Russian refineries. Today, our team has 30 years of collective experience in the industry, actively serving both large corporations and emerging businesses in the Southeast Asia Region including China, Philippines, Thailand, Myanmar, Singapore, Laos, and Cambodia.
Our mission is to make every effort to understand the needs and challenges faced by our clients and deliver services to ease their decision making and buying process. Apart from serving large corporations, we also work closely with a smaller niche of upcoming buyers by providing competitive pricing to maximise their earnings and help them potentially become advancing players in the industry.
Our customers have the choice to purchase mass-produced products or customise oil products and petrol chemical based on their own specifications. If needed, we also offer services to source rare or scarce oil products to fulfil the different needs of our clients.