PROCEDURE: FOR CIF CHINA / USA DELIVERY: PRICE: BRENT PLATT MINUS $5/$3 PER BARREL
1. BUYER AND SELLER SIGN AND SEAL THE CONTRACT INCLUDING BANKING COORDINATES AND LODGE IN
BOTH BANKS. 2. BUYER ISUES A CONFIRMABLE RWA FROM BUYER'S PRIME BANK AND ON BANK LETTERHEAD FOR THE
ENTIRE CARGO OF $150M PLUS FOR 366 DAYS. PLEASE SEE THE APPROVED PROOF OF FUND
VERBIAGE. 3. WITHIN 20-25 DAYS AFTER CONFIRMATION OF BUYER PROOF OF FUND, SELLER SIGN CPA AND PAY CIF
“AWSP” AGREED IN SPA. 4. SELLER WILL SIGN THE CPA AND VESSEL IS NOMINATED IN SELLER’S NAME, THEN SELLER PROCEED TO ISSUE A
PARTIAL PROOF OF PRODUCT (PPOP WHICH INCLUDES BUT NOT LIMITED TO THE FOLLOWING: a. CPA
b. Q88, c. BLL OF LADING, d. PRODUCT PASSPORT DIP TEST RESULT, e. CERTIFICATE OF ORIGIN, f. Cargo Manifest. 5. AFTER ISSUANCE OF THE PPOP BUYER WITHIN 72 HOURS, ISSUE AN SBLC MT 760 FOR ENTIRE CARGO FOR
DURATION OF 366 DAYS AND SELLER’S BANK SHALL ISSUE A 2% PERFORMANCE BOND. 6. UPON CONFIRMATION OF SBLC BY SELLER BANK,..
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Trade Leads Directory -> All Trade Leads -> Chemicals -> Petroleum Products: Crude Oil -> Blco Supply Via Rwa: Cif China, Usa, Asia
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