Oilgaztreyd Ltd reviews

Company Information

Oilgaztreyd Ltd�has been in business of production, marketing and exporting of all petroleum and petrochemical products for the past 15�years. We have been an established and popular company with an excellent track record for the best customer satisfaction. We have never compromised on the quality and the services provided to the customer. We believe in keeping the customers happy and providing them with products at a very competent price. We have an excellent staffs who will guide you with their best ideas by keeping in constant touch with your company and informing about the market trends. We are also interested to establish a mutual business relationship with buyers, facilitators and resellers all over the world with basic aim of supplying them with our products.
Also we work with other foreign partnered refineries in allocation production.

FOB TRANSACTION PROCEDURE.


1. Buyer sends ICPO to Seller on receipt of Seller's Soft Offer
2. Seller issue CI & SPA to buyer, buyer sign and return with POF.
3 Seller invite SGS to conducts fresh Dip Test� (Q&Q) and sends to buyer for verification together with the following documents, bank to bank / secured email:

A. FRESH SGS (indicating quality and quantity)
B. PRODUCTS PASSPORT
C. CERTIFICATE OF ORIGIN
D. COMPANY REGISTRATION CERTIFICATE
E. STATEMENT OF PRODUCT AVAILABILITY
F. PERFORMANCE INVOICE FOR 20% COST OF THE TOTAL PRODUCT
G. REFINERY COMMITMENT ASSURANCE LETTER TO SUPPLY

4. After Buyer successful verify the product quality and quantity with the SGS company.
5. Buyer pay by SBLC�of the total quantity as indicated in the SGS (as a performance payment to enable� the seller arrange freight and insurance).
6. Seller at receipt of� payment, issue IMFPA/NCNDA for brokers commission and submit via bank-to-bank, Full POP including the shipping documents.
7. Upon vessel arrival at the destination port, Buyer� Conducts DIP TEST and upon satisfactory result, releases 80% balance of payment to sellers bank� by MT103 or TT Wire Transfer to the seller as per account details in the Commercial Invoice.
8. Seller Pays all intermediaries concerned within 48-72 hours of receiving payment.



���������������������������� DIP AND PAY PROCEDURE


1. Buyer Submits ICPO and Tank Storage Agreement {TSA}
2. Seller Releases Commercial Invoice with Storage Logistics of the product available in tank.
3. Buyer signs the CI as well as the Buyer's Logistics service provider as buyer's Proof of performance and storage availability.
4. Seller Releases the following, a1) ATV: Buyer fills the ATV Seller proceeds in releasing via BANK TO BANK a) DTA b) Q&Q Analytical Report
c) Authorization To Sell and inject d) Commitment and Guarantee Assurance Letter to supply.
5. Buyer Effects DIP and PAY to enable seller release TITTLE OF OWNERSHIP CERTIFICATE and all other export documents.
6. Seller pays Commissions and possible Rolls and Extension.
7. Buyer and Seller proceed to SPA for monthly contract.