Transaction role
DM-XTechPhil supplies; Stockist-Importer imports and sells onward.
Bank security
Irrevocable SBLC payable at sight against objective documents.
Quality control
Pre-shipment and arrival QA with independent laboratory evidence.
Payment waterfall
DM-XTechPhil paid first; Stockist-Importer margin released after settlement.
| Document status / This Framework sets out DM-XTechPhil's standard structure for SBLC-backed importation and delivery of Duty-of-Care Jet A-1 through qualified Stockist-Importers. Shipment-specific terms are incorporated through the Supply Agreement, SBLC text, product specification annex, QA protocol, import plan, and shipment documents. |
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1. Purpose and Transaction Premise
This Framework establishes the standard commercial, banking, quality-assurance, import, delivery, and payment structure under which DM-XTechPhil supplies Duty-of-Care Jet A-1 (DoC Jet A-1) to qualified Stockist-Importers for onward delivery to approved end-users.
The structure enables a Stockist-Importer to support customer demand without paying the full cargo value in cash before production, while giving DM-XTechPhil documentary bank-backed payment security before it commits feedstock, production, blending, shipment, and quality-assurance resources.
The Framework is built on six operating principles:
- No production or batch allocation before an acceptable SBLC is issued, authenticated, and operative.
- No shipment before independent pre-shipment testing confirms compliance with the agreed product specification.
- No uncontrolled dependence on customer receipt, broker confirmation, or customer payment as the sole trigger for DM-XTechPhil payment.
- No release into aviation-fuel use before arrival controls, storage readiness, and applicable import/excise requirements are satisfied.
- No diversion of customer proceeds before DM-XTechPhil is paid the amount due under the Supply Agreement.
- No broker, introducer, or intermediary authority except as expressly stated in writing by the principal parties.
The signed Supply Agreement, SBLC, product specification annex, QA protocol, Incoterm, insurance certificate, and shipment documents control each shipment. Where a shipment-specific document contains a duly approved variation, that document governs the relevant shipment.
2. Parties and Functional Roles
| Party / Role | Function under this Framework |
|---|---|
| DM-XTechPhil / Seller / Producer | Produces or supplies DoC Jet A-1; maintains batch and traceability records; arranges pre-shipment QA; provides export and product documents; ships under the agreed Incoterm; and receives payment from the controlled proceeds route or SBLC drawdown. |
| Stockist-Importer | Acts as importer of record unless otherwise agreed; secures the end-user contract; arranges the SBLC; manages UK customs, excise/VAT, storage, terminal receipt and onward delivery; invoices the end-user; and retains its commercial margin after DM-XTechPhil is paid. |
| End-User / Customer | Purchases fuel from the Stockist-Importer under a back-to-back sales contract and receives the cargo only after the agreed arrival, acceptance and delivery conditions are satisfied. |
| Broker / Introducer | May facilitate commercial introductions only. A broker or introducer does not control payment, certify delivery, amend specifications, receive title documents, or bind any party unless expressly authorized in writing by the relevant principal parties. |
| Issuing Bank | Issues the SBLC for the account of the Stockist-Importer, or another approved applicant, in favor of DM-XTechPhil. |
| Advising / Confirming Bank | Authenticates the SBLC and, where required, adds confirmation so DM-XTechPhil relies on a bank credit acceptable to it. |
| Independent Laboratory | Tests pre-shipment and arrival samples against the agreed product specification and issues certificates of analysis. |
| Customs Broker / Excise Adviser | Classifies the goods, files import declarations, advises on duty/VAT/excise treatment, and maintains compliance with UK import procedures. |
| Terminal / Warehouse / Storage Provider | Receives, stores, segregates where required, and handles the fuel in a manner suitable for aviation fuel and consistent with the agreed quality plan. |
| Marine Cargo Insurer | Covers cargo loss, shortage, contamination, damage, war/strikes where applicable, and any agreed storage-pending-delivery risk. |
3. Transaction Structure
The transaction uses two linked but separate contracts:
- Supply Agreement: DM-XTechPhil sells the cargo to the Stockist-Importer on agreed product, price, payment, shipment, QA, title, risk, and compliance terms.
- End-User Sales Contract: the Stockist-Importer sells the cargo onward to the customer and earns its stockist/importer margin after DM-XTechPhil has been paid.
The Supply Agreement and End-User Sales Contract are aligned back-to-back on specifications, delivery point, acceptance tests, delivery dates, force majeure, rejection procedures, and payment timing. This avoids a gap in which the Stockist-Importer is exposed to the customer while DM-XTechPhil is exposed to unsecured non-payment.
DM-XTechPhil's payment right is not dependent on the end-user voluntarily paying the Stockist-Importer. If the Stockist-Importer does not pay the DM-XTechPhil invoice by the agreed due date, DM-XTechPhil may draw under the SBLC against the agreed documentary package.
4. Conditions Precedent Before Production or Batch Allocation
DM-XTechPhil commences production, reserves feedstock, allocates finished batch, books vessel space, or incurs material shipment cost only after the following conditions precedent are completed or expressly waived in writing by DM-XTechPhil:
- A signed Stockist-Importer Supply Agreement is in place between DM-XTechPhil and the Stockist-Importer.
- A signed end-user purchase order, sales contract, offtake confirmation, or other customer commitment acceptable to DM-XTechPhil is in place.
- The product specification is finalized, including ASTM D1655 / DEF STAN 91-091 baseline requirements and agreed DoC Jet A-1 parameters such as naphthalene, sulfur, aromatics, additive package, traceability, and batch documentation.
- An irrevocable SBLC in favor of DM-XTechPhil is issued, authenticated bank-to-bank, operative, and acceptable to DM-XTechPhil in amount, tenor, governing rules, issuing bank, confirmation status, presentation place, and draw documents.
- The Incoterm, delivery point, title transfer point, risk transfer point, freight responsibility, cargo insurance responsibility, importer of record, and payment due date are fixed in writing.
- The Stockist-Importer has completed import readiness covering GB EORI, customs broker, commodity code, customs valuation basis, duty/VAT/excise treatment, sanctions/origin checks, and any required import or hazardous-goods documentation.
- The receiving terminal, warehouse, or end-user site has confirmed capacity, aviation-fuel suitability, segregation requirements where applicable, and the arrival testing procedure.
- Marine cargo insurance is bound or issued for the agreed transit and delivery risk, naming the relevant insured parties and covering cargo loss, shortage, contamination, damage, war/strikes where required, and transit risks through the agreed delivery point.
- The parties have agreed the non-conformity, shortage, contamination, demurrage, insurance-claim, and referee-laboratory procedures.
5. SBLC Payment Security
The SBLC is the central payment-security instrument. It is issued by the Stockist-Importer's bank, or by another applicant approved by DM-XTechPhil, for the benefit of DM-XTechPhil. It is a bank-to-bank instrument and is not satisfied by a comfort letter, scanned assurance, informal undertaking, or non-authenticated bank correspondence.
The SBLC is structured as an irrevocable standby letter of credit, payable at sight against compliant documentary presentation. It is governed by ISP98, ICC Publication No. 590, or another standby-credit rule set expressly accepted by DM-XTechPhil, the issuing bank, and the advising or confirming bank.
The SBLC draw trigger is failure by the Stockist-Importer to pay the DM-XTechPhil invoice by the agreed due date after DM-XTechPhil has performed the specified documentary conditions. Customer satisfaction, broker confirmation, unresolved customer disputes, or customer payment delay do not defeat DM-XTechPhil's draw right unless the signed transaction documents expressly state otherwise.
Where customer or delivery receipt is used as part of the draw package, receipt is defined as receipt by the named terminal, warehouse, end-user representative, or other authorized receiving party. A refusal or delay by a customer or broker to sign a receipt does not defeat payment if the cargo is objectively delivered and the required delivery evidence is available under the agreed Incoterm.
| SBLC item | Framework requirement |
|---|---|
| Form | Irrevocable standby letter of credit, payable at sight, issued in favor of DM-XTechPhil. |
| Governing rules | ISP98, ICC Publication No. 590, or another expressly agreed standby-credit rule set. |
| Issuing bank | A reputable bank acceptable to DM-XTechPhil. Confirmation by an acceptable bank applies where required by DM-XTechPhil. |
| Amount | Cargo price plus freight/insurance if arranged by DM-XTechPhil, bank charges borne by the applicant, agreed interest/default charges, and any agreed buffer for demurrage, re-testing, shortage adjustments, or bank fees. |
| Currency | Same currency as the DM-XTechPhil Supply Agreement invoice unless otherwise agreed. |
| Applicant | The Stockist-Importer or another creditworthy party approved by DM-XTechPhil. |
| Beneficiary | DM-XTechnologies Inc. / DM-XTechPhil, using the exact legal name, registered address, and independently verified bank details. |
| Expiry | Long enough to cover production, laboratory testing, loading, 45-60 day transit, customs clearance, arrival testing, delivery, payment grace period, and presentation buffer. Initial shipments must not expire less than 30 days after the latest expected payment due date unless DM-XTechPhil expressly agrees. |
| Partial drawings | Permitted unless the shipment is deliberately structured as one full-cargo draw only. |
| Transferability | Not transferable unless expressly required by DM-XTechPhil. Any supply-chain finance or assignment arrangement is documented separately. |
| Presentation place | A bank and location acceptable to DM-XTechPhil. Electronic presentation applies only where the banks accept it and the SBLC wording permits it precisely. |
| Draw documents | Short, objective, bank-checkable documents only. Subjective conditions such as customer satisfaction, broker confirmation, or unresolved contract disputes are excluded. |
6. Documentary Draw Package
The SBLC draw package is limited to documents that a bank can examine objectively. The standard draw package consists of:
| No. | Document | Purpose |
|---|---|---|
| 1 | Beneficiary demand | Signed demand by DM-XTechPhil stating that the Stockist-Importer has failed to pay the amount demanded under the Supply Agreement by the due date. |
| 2 | Commercial invoice | Copy of DM-XTechPhil invoice identifying cargo, quantity, price, shipment and due date. |
| 3 | Certificate of Analysis | Copy of independent laboratory certificate showing pre-shipment compliance with the agreed specification. |
| 4 | Shipment / delivery evidence | Copy of clean on-board bill of lading, sea waybill, terminal receipt, warehouse receipt, or delivery receipt, as applicable under the chosen Incoterm. |
| 5 | Insurance certificate | Copy of cargo insurance certificate where DM-XTechPhil is responsible for arranging cargo insurance. |
| 6 | Non-payment statement | Statement that the demanded amount remains unpaid as of the presentation date. |
The SBLC does not require original customer confirmations, customs clearances, broker letters, vessel certificates, or customer payment proofs unless the parties expressly agree that such documents are necessary and bank-checkable. The objective is a simple, enforceable standby draw package, not a documentary burden that reintroduces the payment risk the SBLC is designed to eliminate.
7. Production, Batch Records and Pre-Shipment QA
Production or batch allocation begins only after the conditions precedent are complete. After production, the batch is not released for shipment until the quality-control sequence below is completed:
- DM-XTechPhil assigns a unique batch number and prepares the batch record, additive record, blending record, and traceability file.
- Samples are drawn under a documented sampling protocol and chain-of-custody procedure.
- An independent third-party laboratory, such as SGS, Intertek, or another mutually agreed laboratory, tests the batch against the agreed specification.
- The laboratory issues a Certificate of Analysis and test report identifying the batch number, sample date, test methods, specification limits, actual results, and pass/fail conclusion.
- DM-XTechPhil and the Stockist-Importer retain reference samples for future dispute resolution.
- Only a passing batch is loaded. A failing batch is reprocessed, replaced, or cancelled by DM-XTechPhil and does not trigger a payment obligation for the Stockist-Importer.
The SBLC and Supply Agreement reference the agreed product specification annex. General phrases such as "usual aviation fuel standards" are not used as the operative specification. DoC Jet A-1 remains within the applicable Jet A-1 specification framework and any special DM-XTechPhil DoC criteria agreed with the customer.
8. Shipment, Insurance, Title and Risk
Each shipment uses one agreed Incoterms 2020 delivery rule. The Incoterm, invoice, bill of lading, insurance certificate, SBLC wording, customer contract, title clause, and risk clause are aligned for that shipment.
| Issue | Framework treatment |
|---|---|
| Default shipment position | Unless otherwise stated in the shipment term sheet, DM-XTechPhil may arrange shipment and insurance to a named UK port or terminal with those costs included in the invoice, while the Stockist-Importer acts as importer of record and manages UK customs, excise/VAT, terminal receipt, storage and onward delivery. |
| Title transfer | The transaction documents state the exact title transfer point. DM-XTechPhil retains title until payment where enforceable and where consistent with the chosen Incoterm, storage arrangements and local law. |
| Risk transfer | The transaction documents state the exact risk transfer point. Risk of physical loss may transfer at a different point from title. Insurance covers the full period during which either party is exposed to physical cargo risk. |
| Cargo insurance | Marine cargo insurance covers loss, shortage, contamination, leakage, damage, war/strikes where required, and agreed storage-pending-delivery risk. Relevant parties are named as insureds or loss payees as appropriate. |
| Demurrage and delay | Port, vessel, container, terminal, customs, inspection and customer-delay costs are allocated in writing. Delays caused by missing import permits, EORI, customs documents, storage capacity, or customer readiness are for the Stockist-Importer's account unless caused by DM-XTechPhil. |
| Transit timing | Philippines-to-UK transit is estimated at 45-60 days. The estimate is not a guaranteed delivery date unless the shipment schedule and delay remedies state otherwise. |
9. Import, Excise, Sanctions and Storage Readiness
Before shipment, the Stockist-Importer provides written import-readiness confirmation covering the following items:
- EORI and customs broker: required GB EORI number and appointed customs broker or freight forwarder for the import entry.
- Commodity code and valuation: written confirmation of commodity code, customs value, duty/VAT treatment, and any required import licence or certificate.
- Fuel duty / excise: written treatment for UK fuel duty and excise, including use of an approved excise warehouse, approved oil-producer premises, duty-suspension arrangement, or applicable relief route where relevant.
- VAT: import VAT handling and evidence-retention procedure, including C79 or equivalent import VAT records where applicable.
- Sanctions and origin: documented origin of feedstock and finished product, sanctions screening, processed-oil-product controls, and recordkeeping for any licence or general licence relied upon.
- Hazardous goods and SDS: current Safety Data Sheet, shipping description, packaging/marking/labeling requirements, and dangerous-goods documents required by the mode of shipment.
- Terminal and storage suitability: storage suitable for aviation fuel, segregated where required, and operated under the agreed aviation-fuel quality plan. Commingling is prohibited unless approved by the customer, terminal and quality plan.
- Records: commercial invoices, customs entries, certificates, laboratory reports, insurance documents, delivery receipts and payment records retained for the applicable legal and contractual retention periods.
10. Arrival QA, Acceptance and Delivery
Upon arrival at the receiving terminal, warehouse or agreed delivery point, the following procedure applies:
- The receiving facility records quantity, seal status, condition, temperature/density where relevant, and any visible irregularities.
- Arrival samples are drawn under the agreed sampling and chain-of-custody procedure.
- An independent laboratory performs arrival testing against the agreed specification and agreed abbreviated release tests, as applicable.
- Passing cargo is released to the Stockist-Importer, end-user, or approved aviation-fuel logistics chain, and the authorized terminal, warehouse, or end-user representative issues the terminal receipt, warehouse receipt or delivery receipt.
- Failing cargo is quarantined and not released for aviation use until the referee laboratory or agreed technical process resolves the issue.
- A broker-forwarded delivery receipt is accepted as transmission evidence only. The substantive delivery evidence must originate from the authorized terminal, warehouse, carrier, or end-user representative.
11. Payment Waterfall and SBLC Drawdown
The transaction uses a controlled payment waterfall. This enables the Stockist-Importer to avoid full upfront cash payment while ensuring DM-XTechPhil is paid promptly after it performs its shipment and documentary obligations.
| Payment step | Control |
|---|---|
| Step 1 - End-user invoice | The Stockist-Importer invoices the end-user immediately upon the agreed release event, such as arrival QA pass, terminal receipt, warehouse receipt or delivery receipt. |
| Step 2 - Controlled proceeds | End-user payment is made into a designated collection account, escrow account, or account subject to an agreed payment instruction. Customer proceeds are not diverted before DM-XTechPhil is paid. |
| Step 3 - DM-XTechPhil paid first | From customer proceeds, DM-XTechPhil is paid first for the invoice amount due under the Supply Agreement. |
| Step 4 - Stockist margin | After DM-XTechPhil is paid, the remaining margin and approved fees are released to the Stockist-Importer and any approved broker/introducer. |
| Step 5 - SBLC fallback | If DM-XTechPhil is not paid by the agreed due date, DM-XTechPhil presents the agreed documents and draws under the SBLC at sight. |
Payment to DM-XTechPhil is due within the number of banking days stated in the Supply Agreement after the agreed release or delivery event. End-user payment delay is a Stockist-Importer commercial risk unless the delay is caused by DM-XTechPhil's non-performance or objectively verified product non-conformity under the agreed referee procedure.
12. Non-Conforming Product, Shortage and Claims
| Event | Framework treatment |
|---|---|
| Pre-shipment failure | No shipment occurs. DM-XTechPhil reprocesses, replaces, or cancels the batch. The Stockist-Importer has no payment obligation for failed cargo. |
| Arrival failure due to transit contamination or damage | Cargo is quarantined. Insurance claim is initiated. Parties cooperate with the insurer, terminal and laboratory. Payment and title consequences follow the agreed insurance, title and risk clauses. |
| Arrival failure due to production/specification defect | DM-XTechPhil remedies, replaces, discounts, refunds, or otherwise resolves the matter under the Supply Agreement. SBLC draw is suspended only to the extent objective non-conformity is established under the agreed referee process. |
| Quantity shortage | Shortage is measured at the agreed custody-transfer point using the agreed methodology. Invoice adjustment or carrier/insurer claim follows the cause of shortage and the risk-transfer clause. |
| Customer rejection without objective non-conformity | The Stockist-Importer remains responsible to pay DM-XTechPhil. The customer dispute is handled under the end-user contract unless DM-XTechPhil breached the Supply Agreement. |
| Referee laboratory | The mutually agreed referee laboratory result is final for technical conformity, except in cases of fraud, manifest error, or chain-of-custody failure. |
13. Documentation Set
Each shipment maintains a complete transaction file containing:
- signed Stockist-Importer Supply Agreement and end-user purchase/sales contract;
- SBLC text, bank advice, confirmation if applicable, amendments, and bank authentication records;
- DM-XTechPhil commercial invoice, packing list, certificate of origin, batch certificate and production/traceability summary;
- pre-shipment Certificate of Analysis and test report;
- Safety Data Sheet and dangerous-goods documents;
- bill of lading, sea waybill, booking confirmation, container/vessel documents, or equivalent transport documents;
- marine cargo insurance certificate and claims instructions;
- customs declaration, commodity code confirmation, import VAT/excise records, and any required import licences/certificates;
- terminal or warehouse receipt, seal record, arrival inspection report, and arrival Certificate of Analysis;
- delivery receipt signed by an authorized terminal/customer representative;
- end-user invoice, customer payment record, payment waterfall/escrow release instruction, and DM-XTechPhil payment confirmation; and
- all non-conformity, shortage, demurrage, insurance, bank presentation, or dispute records.
14. Compliance, Governance and Fraud Controls
- Authority matrix: each party provides authorized signatories, specimen signatures, bank-confirmed contact details, and second-channel verification procedures. No bank-detail change is effective unless verified through the agreed process and signed by authorized officers.
- KYC/KYB: KYC/KYB is completed on the Stockist-Importer, end-user, broker/introducer, receiving terminal, paying party, and any third party handling funds or cargo documents.
- Sanctions / AML / anti-bribery: the Supply Agreement and end-user contract include sanctions, anti-money laundering, anti-bribery and anti-corruption representations and termination rights.
- No side letters: commissions, rebates, alternate payment accounts, cargo substitutions, changed delivery points, or amended specifications are valid only through a signed written amendment approved by the principal parties.
- Records and audit: the parties maintain records sufficient for bank, customs, tax, insurance, aviation quality, and internal audit purposes.
- Confidentiality and IP: DM-XTechPhil formulations, additive information, process details, batch know-how and technical data remain confidential and are disclosed only to the extent required for customer acceptance, laboratory testing, banking, customs, insurance or regulatory compliance.
15. Implementation Timeline
| Timing | Action |
|---|---|
| T-30 to T-21 days | Commercial terms, product specification, Incoterm, delivery point, customer order, transaction parties and roles are agreed. |
| T-21 to T-14 days | Stockist-Importer completes import, excise, customs and storage readiness; DM-XTechPhil and banks review the SBLC draft. |
| T-14 to T-7 days | SBLC is issued, advised or confirmed, authenticated, and accepted by DM-XTechPhil. Insurance and shipment planning are finalized. |
| T day | Production or batch allocation begins only after all conditions precedent are complete. |
| Post-production | Pre-shipment sampling, independent testing, Certificate of Analysis and release for loading are completed. |
| Shipment period | Cargo ships to the UK; transaction documents are tracked; customs pre-lodgment and terminal readiness are completed where available. |
| Arrival | Terminal receipt, arrival sampling/testing, quarantine pending release, customs/excise/VAT processing and storage controls are completed. |
| Release / delivery | Customer or terminal delivery receipt is issued by an authorized signatory; Stockist-Importer invoices the end-user. |
| Payment due date | Customer proceeds flow through the payment waterfall. If unpaid, DM-XTechPhil draws under the SBLC at sight against the agreed documentary package. |
16. Residual Risk Controls
| Risk | Failure mode | Framework control |
|---|---|---|
| Bank/payment risk | SBLC not drawable, issuing bank unacceptable, expiry too short, or draw documents too burdensome. | Use agreed standby rules, acceptable issuing/confirming bank, simple documentary draw package, adequate expiry, and bank review before production. |
| End-user payment risk | Customer delays or refuses payment after receipt. | Use controlled proceeds account/escrow, receivables assignment where appropriate, and SBLC fallback not dependent on customer payment. |
| Quality risk | Product fails pre-shipment or arrival tests. | Use independent labs, reference samples, chain of custody, referee lab, quarantine, replacement and insurance procedures. |
| Customs/excise risk | Cargo delayed, duty/VAT mishandled, or import documentation incomplete. | Complete import readiness before shipment: GB EORI, customs broker, commodity code, excise/duty plan, VAT procedure and recordkeeping. |
| Sanctions/origin risk | Feedstock or processed oil product falls under restrictions. | Use origin certificates, supplier declarations, sanctions screening, licence checks and required recordkeeping. |
| Cargo loss/contamination | Loss, leakage, contamination, shortage or damage in transit or storage. | Use marine cargo insurance, approved packaging/vessel/terminal, seal records, arrival inspection and claims protocol. |
| Broker/intermediary risk | Broker controls documents, misstates delivery, redirects payments, or makes unauthorized promises. | Limit broker authority in writing; payments only to verified contractual accounts; delivery proof only from authorized terminal/customer signatory. |
| Dispute risk | Parties disagree over rejection, delivery or payment obligation. | Use referee laboratory, governing law, dispute forum/arbitration, emergency relief and complete documentary evidence file. |
Annex
Annex A - Stockist-Importer Pre-Trade Confirmation
- Legal name, registration number, registered office and authorized signatories confirmed.
- Customer order or offtake contract signed and matched to DM-XTechPhil supply terms.
- SBLC draft approved by DM-XTechPhil, issuing bank and advising/confirming bank.
- SBLC issued, authenticated and operative before production starts.
- GB EORI obtained and customs broker appointed.
- Commodity code, import duty, VAT and excise treatment confirmed in writing.
- Sanctions/origin documentation completed for feedstock and finished cargo.
- Receiving terminal/warehouse/storage capacity confirmed and suitable for aviation fuel.
- Pre-shipment and arrival laboratory protocols agreed.
- Marine cargo insurance in place and certificates issued.
- Incoterm, title transfer, risk transfer and payment due date fixed in writing.
- Escrow/collection account/payment waterfall agreed and tested.
- Authorized delivery-receipt signatories identified.
- Non-conformity, shortage, demurrage and insurance-claim procedures agreed.
Annex
Annex B - Base SBLC Term Sheet
| Term | Framework input |
|---|---|
| Applicant | [Stockist-Importer legal name] |
| Beneficiary | DM-XTechnologies Inc. / DM-XTechPhil [exact legal details] |
| Issuing bank | [Name and SWIFT/BIC] |
| Advising / confirming bank | [Name and SWIFT/BIC] |
| Amount | [Cargo price + agreed freight/insurance/fees/buffer] |
| Currency | [USD / GBP / other agreed currency] |
| Governing rules | ISP98, ICC Publication No. 590, or other expressly agreed standby rules |
| Availability | Payable at sight against compliant presentation |
| Partial drawings | [Permitted / not permitted] |
| Expiry date | [Date sufficiently beyond production, shipment, delivery, payment due date and presentation buffer] |
| Presentation method | [Bank counter / courier originals / electronic presentation if accepted by banks] |
| Draw documents | Beneficiary demand; invoice; pre-shipment Certificate of Analysis; shipment/delivery evidence; insurance certificate if applicable; non-payment statement |
| Charges | All issuing, amendment, confirmation and bank charges for applicant's account unless otherwise agreed |
| Amendments | No amendment effective unless accepted by DM-XTechPhil and advised through the banking channel |
Annex
Annex C - Minimum Transaction Clauses
| Clause | Required coverage |
|---|---|
| Product specification annex | Precise Jet A-1 / DoC Jet A-1 specification, test methods, special DoC parameters, additive documentation and batch traceability requirements. |
| Conditions precedent | No production or shipment obligation until SBLC, customer order, import readiness, storage readiness, insurance and QA protocol are complete. |
| Payment and SBLC | Payment due date, controlled payment waterfall, SBLC fallback, documentary draw package and bank charges. |
| Title and risk | Exact transfer points and retention-of-title language where enforceable. |
| Quality assurance | Pre-shipment QA, arrival QA, reference samples, chain of custody, acceptance/rejection windows and referee laboratory. |
| Import and taxes | Importer of record, EORI, customs declarations, duty/VAT/excise, licences, sanctions, origin and recordkeeping. |
| Insurance and claims | Cargo insurance scope, insured parties, loss payee, claims cooperation and allocation of recoveries. |
| Delay and demurrage | Allocation of shipping, customs, terminal and customer-delay costs. |
| Broker limitations | No authority to bind parties or redirect payments/documents except as expressly written. |
| Compliance | Sanctions, AML, anti-bribery, anti-corruption, confidentiality and audit rights. |
| Dispute resolution | Governing law, forum/arbitration, emergency relief, technical-dispute referee laboratory and payment-dispute procedure. |
Annex
Annex D - Operating Sequence
- Stockist-Importer secures a written end-user order and confirms import, customs, excise, storage and delivery readiness.
- DM-XTechPhil and Stockist-Importer sign the Supply Agreement and agree the product specification, Incoterm, payment due date, QA protocol and delivery point.
- Stockist-Importer arranges an acceptable SBLC in favor of DM-XTechPhil. DM-XTechPhil accepts the SBLC only after bank authentication and review of governing rules, expiry, amount and draw documents.
- DM-XTechPhil commences production or batch allocation only after all conditions precedent are complete.
- Independent pre-shipment laboratory testing confirms compliance. Passing cargo is released for loading. Failing cargo is not shipped.
- Cargo is shipped under the agreed Incoterm and insured under the agreed cargo-insurance program.
- Stockist-Importer, customs broker and terminal complete UK import, excise/VAT, storage and arrival procedures.
- Independent arrival testing is completed. Passing cargo is released; failing cargo is quarantined and handled under the non-conformity procedure.
- Customer/terminal delivery receipt is issued by an authorized signatory.
- Customer proceeds flow through the agreed payment route. DM-XTechPhil is paid first; Stockist-Importer retains the margin after settlement.
- If DM-XTechPhil is not paid by the due date, DM-XTechPhil presents the agreed documents and draws under the SBLC at sight.
- All parties retain the full transaction file for bank, tax, customs, aviation-quality, insurance and audit purposes.
| Framework completion statement / This Framework is issued for use with qualified Stockist-Importers and is implemented through shipment-specific transaction documents. No production, shipment, release, payment deferral, or SBLC reliance occurs outside the controls stated in this Framework unless DM-XTechPhil expressly approves the variation in writing. |
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