Our Terms
Procedures obtaining Contract Agreement and Leasing our services.
- CLIENT to provide an updated corporate profile and business license. CLIENT also to provide a product specification sheet and supplier/refinery/exporter details in full OR a refinery/supplier commitment letter.
- LESSOR will send over a lease agreement and applicable invoice, which shows a commitment to pay within a stipulated time.
- Client to sign back lease agreement and invoice, confirming his/her commitment to the transaction.
- Then CLIENT to pay immediately, as per the signed commercial invoice.
- Once payment has been made, an official bank transfer slip/receipt to be sent to the LESSOR by the CLIENT confirming the same.
- On receipt of payment to LESSOR’S account, within 36 business hours, a TSR will be provided to the Client by the LESSOR after receiving the NOR from the seller/refinery and injection schedule.
- LESSOR to open communication with CLIENT’S supplier/refinery/exporter and create an injection schedule.
- Upon Completion of the reception of the Petroleum Product (FIRST SPLASH), the Number of Days LESSEE Company paid will start counting as days use for processes.
- LESSEE Company provide their Inspection Team for Dip Test Inspection Confirmation for Quality & Quantity of the petroleum product and lift the petroleum product anytime during the Validity of the days LESSEE Company paid for.
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We help global leaders with their organization’s most critical issues and
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opportunities. Together, we create enduring change and results.