PROCEDURE DIP & PAY CHINA PORTS :1. Buyer issues ICPO with CIS/KYC.2. Seller issues CI for liftable quantity for both Trial and Monthly x 12 months in CHINA PORTS.3. Buyer returns signed CI to seller along with POF.4. Seller/Title holder and Buyer have a TTM in CHINA PORTS for verification and payment of the fuel(Instruction: Buyer must be physically present in CHINA PORTS for TTM, Intermediaries/ Mandates / Representatives not accepted for TTM.5. Buyer verifies the fuel POP & SGS report and makes payment for the product of Trial Lifting. 6. Seller transfers Title to buyer and loads the buyer’s tankers.7. Monthly Lifting continues as above procedure 4-6 for 12 months with Rolls and Extensions
