Ref: B/om/0056

The Buyer wants to buy

 

 

Products:       REBCO, Russian Export Crude Oil

Qty:               300.000 TM x 36 months

Delivery:        CIF ASWP

Observations: End-Buyer as a Major Oil Company

 

 

PROCEDURE

 

 

1

Buyer sends to Seller their ICPO/LOI.

2

Seller sends Buyer the FCO, Buyer sign/seal and return back to seller.

3

Both parties counter signed NCNDA & IMFPA.

4

Seller send Draft Contract, Buyer within 3 working days counter amend Draft Contract.

5

 

Seller Appoint Buyer to Signed the Charter Party Agreement with Seller Shipment Department and secure the product Allocation Code.

6

Seller Bank Swift to Buyer Bank Partial Proof of Products (POP) Documents.

7

Buyer Bank Swift Transferable DLC Seller Bank.

8

 

Seller Bank Activates Buyer payment instrument with 2% Performance Bond (PB) and FULL POP Documents via Swift to buyer Bank.

9

Shipment Commence.

10

Seller immediately within 3 working days of receiving the LC Pay all Party involves their commissions by TT.