1. The buyer issues a tank storage agreement (TSA) and an irrevocable corporate purchase order (ICPO)
with the contractor’s (Seller) transaction procedure along with a passport copy of the company
representative.
2. The contractor (Seller) issues a sales commercial invoice (CI) to the buyer. All parties sign and
countersign.
3. Contractor (Seller) issues to buyer:
a. Certificate of Conformity (Gost K).
b. Non-Confidential Agreement signed between Contractor and the Refinery.
c. Product Passport (Quality and Quantity Test Result) issued by the Refinery
d. Letter of Allocation
e. Inspection Accreditation Certificate (to be filled and signed by buyer’s storage company).
4. Contractor (Seller) verifies the authenticity of the information provided by the buyer’s tank farm in
the Inspection Accreditation Certificate with the port authorities.
5. Upon successful verification, the contractor’s (seller) representative and Buyer’s representative meet
at the contractor’s (Seller) tank storage for the presentation of the underlisted documents face- to-
face.
a. SGS Quantity and Quality Analysis report (48 hours fresh)
b. Certificate of Conformity (Gost K)
c. Non-Confidential Agreement signed between Contractor and the Refinery.
d. Product Passport (Quality and Quantity Test Result).
e. Letter of Allocation – Legalized by the Ministry of Foreign Affairs of the Republic of Kazakhstan.
f. Tank Storage Receipt (TSR).
g. Certificate of Origin
h. Authorization to Sell/Collect (ATSC) in Buyer’s name.
6. Upon successful verification of the above-listed documents by the buyer’s team, the buyer
commences an ASTM (dip) test in the Contractors’ (seller) tank to re-confirm product quantity and
quality.
7. Upon confirmation of product SGS Quantity and Quality, the Contractor (seller) and Buyer seal tanks,
and the buyer makes payment by MT103 or TT wire transfer for the total product available.
8. The Contractor (seller) changes the title of ownership to the buyer’s name, and injection commences
into the buyer’s tank storage.
9. The Contractor (seller) pays all intermediaries according to the signed NCNDA/IMFPA for monthly
deliveries, and the buyer lifts the product.
10. Contractor (Seller) and buyer proceeds into contract shipments without the issuance of the purchase
order. If the product price changes, the Contractor (Seller) and buyer will renegotiate price based on
real market value minus 5% for every shipment.
ABOUT ICPO
The Buyer ICPO should:
• An indication of acceptance, our approved operational procedure in the ICPO.
• A copy of the buyer’s certificate of Incorporation
• A copy of the buyer’s passport
Subject to your final approval of the information contained herein, an ICPO should be issued and
addressed to “SELLER” in accordance with the exact procedure outlined herein.
Subject to final approval the buyer’s ICPO, “SELLER” may request additional documentations.
