Good Gasoil (D2) sale with
upfront POP: NWE Platts- 30
USD per MT at FOB Novo, Russia only
1.Buyer share detailed profile
and principal name, bank name
2.Seller perform due diligence
on profile
3.Seller issues Draft SPA
4.Buyer and seller sign and
exchange information and
lodge contracts with banks
5.Seller perform soft probe
6.Buyer issue Pre-shipment
POP: export license, export
approval, availability of product
at refinery, seller allocation and
DTA from refinery to perform
SGS tests by buyer. 7.Once quality tests approved, buyer open up ISBLC for
monthly order of 200,000 MT. (weekly: 50,000 MT shipment
) 8.Product is discharged in buyer
vessel and remaining POP
9.Payment by MT 103 or TT
Note: ISBLC must be valid for
366 days and product is
delivered as per mutually
agreed upon shipping schedule
of 200,000 MT per month.
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