Buyer provides LOI.
Seller offers FCO.
With Buyer acceptance, seller provides SPA.
Buyer provides LOI.
Seller offers FCO.
With Buyer acceptance, seller provides SPA.
Buyer bank sends MT799 blocked funds Standby letter of Credit SBLC MT760 BG to seller bank confirming buyer availability of fund on bank-to-bank swift for the actual transaction revolving to the expire day of the contract.
Seller upon confirmation of the instrument under 72 hours post a 2 percentage PB to buyer bank and within fourteen banking days Seller issues the confirmable POP and PROVISIONAL LIFTING RIGHT and NOMINATED VESSEL details in Buyer name for one way voyage charter or full charter to Buyer port of discharge.
Within sixteen banking days of III above, Seller furnishes Buyer with CPA & Q88 and the following documents are provided to Buyer and/or Buyer bank:
1 Clean on Board Ocean Bill of Lading
2 Certificate of Quantity SGS or equivalent
3 Certificate of Analyses, optional
4 Certificate of Origin
5 Certificate of Quality
6 Sellers Commercial Invoice
7 Vessel Ullage Report, optional
8 Receipt of Samples, optional
9 Cargo Manifest
The signatures on this contract by the Buyer and by Seller mean both parties accept all the contents as for Quantity, Price and Procedures
Spec | Bonny Light Crude Oil; CIF only!! |
---|---|
Quantity | 2,000,000 |
Price | Negotiable |
Package | Vessel |
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