A reference workflow to help buyers understand the sequence of documentation, inspection, vessel readiness, loading and payment.
Buyer submits the ICPO and the initial CPA. Under PT BALQIS FRISTINDO ENERGI's current procedure, the first CPA must originate from or be arranged through a European (Netherlands) shipping/charter company. The CPA and charter-company identity remain subject to verification through the issuer or official channels.
Seller issues the Commercial Invoice for the buyer's review.
Buyer signs and returns the CI according to the parties' agreement.
Seller provides an inspection report claimed to be current/recent for verification through the issuer or official channels.
After the agreed verification, the buyer submits the relevant vessel Q88.
Seller provides the proof-of-product package or related documents in accordance with the actual procedure and authority.
Buyer verifies documents, terminal, inspection company, contact person, domain, report numbers and authorizations through independent sources.
If authorized by the terminal and contract, an inspection or dip test is conducted by the authorized party.
Terminal and vessel readiness are confirmed through a Notice of Readiness or applicable operational documentation.
Product is loaded or injected into the vessel according to terminal, safety, measurement and contractual procedures.
Payment is made only in accordance with contractual conditions and verified payment instructions.
Ownership, export, quantity, quality, bill of lading or other final documents are delivered according to the actual transaction.
Open the transaction document guide to see what each term is intended to mean.
