STANDARD PURCHASE PROCEDURES: CIF SUBIC FREE PORT ZONE ZAMBALES

LUZON PHILIPPINES

Issue ICPO with

Section 5-1 Buyer Company Registration
Certificate

Issue Sales and Purchase

Section 5-2 Seller
Agreement

Accept No Amend, Sign

Buyer Buyer Section 5-2
and Return to
Seller

Yes

Section 5-2 Seller Issue Final Sales and Purchase

Agreement

Section 5-2 Buyer Confirms Final SPA and

Issue Letter of Acceptance

a. Certificate of Statement of Availability of the

Product
b. Company Registration Certificate of
Issue Partial POP Documents Incorporation
Section 5-3 Seller
via email c. Unconditional Commitment to Supply
d. Certificate of Origin
e. Product Passport Quality
f. Quantity at Country of Origin (Analytical
Report)

Section 5-4 Buyer

Confirms the Receipt of Partial
POP Documents

Legalizes and Notarize SPA,

Sends Legalized Attestation Act of
Section 5-5 Seller Transfer & Allocation Passport
Certificate (APC) & Change of
Ownership Documents with Legalized
& Notarized SPA

1
 Within 5 + 15 banking days,
Section 5-6 Buyer Send 100% by L/C Bank, with
Bill of Lading to Seller
As Proof of Funds

Section 5-7 Seller Signs NCNDA/IMFPA and Issue

Invitation Letter for Inspection

Section 5-8 Shipment Commences

Release payment to Seller’s

Section 5-8 Buyer Bank after inspection at
SAGHIT

Section 5-9 Seller Pays Intermediaries/Facilitators

involved in Transaction by NCNDA

Responsible for
Section 5-10, 5-11, Buyer Permits and Equipment of the CIF
5-13 SUBIC FREE PORT ZONE and
Availability of Tanks

Company of Transport, Send Delivery Dates

Section 5-14 Shipping and Navigation in the Notice
State of UAE