Transaction Process
How It Works
A transparent and structured process designed to safeguard all parties and ensure secure, efficient, and successful petroleum product transactions from initial inquiry to final delivery.
For Buyers
Buyer Transaction Process
Six structured stages guiding qualified buyers from initial inquiry through contract completion and final product delivery.
Submit LOI or ICPO
Buyer submits a signed Letter of Intent (LOI) or Irrevocable Corporate Purchase Order (ICPO) outlining product, quantity, delivery terms, and target price.
LOI / ICPO
Company Profile
Passport Copy (Authorized Signatory)
KYC & Verification
Kazshabyt 2023 LLP conducts KYC/AML due diligence to verify company registration, signatory authority, and financial capability.
Certificate of Incorporation
Board Resolution
Proof of Funds (POF)
Receive Full Corporate Offer
Following successful verification, the seller or mandate issues a Full Corporate Offer (FCO) with product specifications, pricing, and transaction procedures.
Full Corporate Offer (FCO)
Product Specifications
Payment Procedures
Issue Banking Instrument
Buyer provides the required banking instrument, typically an SBLC or DLC transmitted via MT760.
SBLC / DLC via MT760
Bank Comfort Letter (BCL)
Bank Officer Details
Sales & Purchase Agreement
Both parties execute the Sales and Purchase Agreement (SPA), confirming commercial terms, delivery schedule, and payment structure.
Signed SPA
Delivery Schedule
Inspection Protocol
Sales & Purchase Agreement
Cargo is loaded at the designated port under independent inspection, with shipping documents issued upon successful loading.
Bill of Lading (B/L)
Certificate of Origin
SGS Inspection Report
Commercial Invoice
For Sellers & Mandates
Seller Onboarding Process
A structured onboarding process for verified sellers and mandate holders, designed to connect reliable supply sources with qualified international buyers.
Submit Seller Profile
Verified sellers or mandate holders provide their company profile, mandate authorization, and statement of product availability to initiate the onboarding process.
Company Profile.
Mandate Authorization Letter.
Product Availability Statement (SPA).
Verification & Onboarding
Kazshabyt 2023 LLP conducts comprehensive due diligence to verify mandate authority, product origin, and supply capability before onboarding approved sellers.
Certificate of Incorporation.
Mandate Letter from Refiner.
Supply Capacity Verification.
Buyer Introduction
Kazshabyt 2023 LLP connects verified sellers and mandate holders with financially qualified buyers who have completed KYC procedures and demonstrated genuine purchasing intent.
Buyer LOI / ICPO.
Buyer Verification Report
NDA / NCNDA Agreement.
Issue FCO & Negotiate Terms
The seller issues a Full Corporate Offer (FCO), after which both parties agree on pricing, quantity, delivery schedules, and payment terms..
Full Corporate Offer (FCO)
Counter-Offer (if applicable)
Agreed Term Sheet
Execute SPA
Both parties execute the Sales and Purchase Agreement (SPA), and buyer banking instruments are verified before lifting and delivery commence.
Signed SPA
Banking Instrument Confirmation.
Injection Schedule.
Product Loading & Payment
Cargo is loaded at the designated terminal, and payment is released upon presentation of the required shipping documents to the buyer's bank.
Q&Q Certificate.
Bill of Lading (B/L)
Commercial Invoice
Payment Confirmation.
Any Common Questions?
Ready to Start Your Transaction?
Our team is ready to guide you through every step of the process.