Any foreign company intends to buy small cargo (less than 10,000 MTs/lot) of petroleum product from CPC is required to express its intention by Telex, FAX, Email or letter to CPC indicating the product(s) it intends to buy and provide CPC with the following information for pre-qualification purposes:
- COMPANY INTRODUCTION: information including but not limited to effective certificate of incorporation (copy), company history, capital, corporation structure, annual financial highlights and business description, etc.
- ACTUAL PETROLEUM PRODUCT TRADING ACTIVITIES: trading experience/history including but not limited to annual amount/item/counter party etc.
- CERTIFICATE OF DISCHARGING:(1)The copies of Discharging Certificate duly endorsed by the Port Authorities at the discharging port ,or the Survey Report issued by an international recognized independent surveyor at the discharging port, or (2) The ship to ship or bunkering licence issued by the country of the discharging port, or (3) The ship to ship or bunkering licence issued by any international marine bunkering organization for high sea.
- CONFIRMATION OF PREPAYMENT/CPC’S GENERAL TERMS & CONDITIONS: The company intending to buy small cargo of petroleum products from CPC is required to confirm its consent to arrange prepayment of the cargo value, as estimated by CPC, by T/T to CPC’s designated bank account no later than 5 days prior to the expected loading date, and to comply with CPC`s General Terms & Conditions.
Any company approved and enrolled in CPC’s small cargo buyer’s list will be qualified as a potential buyer to CPC and may buy small cargo of petroleum products in compliance with CPC’s standard practice.