We work direct with a big group. they have a direct relationship with 2 refineries-group (Russia and Middle East). So to start the process they requested that the buyer send first the ICPO and NCNDA/IMFPA. You get the name this group for the ICPO to put only if we get the NCNDA/IMFPA signed and stamped.
Once this is completed then the Buyer group will deal directly with the refinery in regards to negotiations etc...
They are currently offering D2 USD 365/355 FOB Rotterdam or Huston (for CIF add USD10 more 375/365 CIF ASWP)
1.Buyer issues ICPO with SP and NCNDA/IMFPA
2.Seller issues FCO
3.Buyer accept Seller´s FCO with acceptance letter
4.Seller issues draft contract, buyer returns signed draft contract. 5.Seller & Buyer sign and exchange hard copy of contract. Both parties lodge contract in their respective banks. 6.Seller issues soft POP. 7.Buyer issues POF. 8.seller´s bank swift full POP to Buyer´s bank
9.Buyer´s bank opens RDLC against full POP from Seller´s Bank
10.Seller´s bank issues 2% PB to activate buyer´s banking instrument
11.Delivery commences as per contract.
Regards
eco-consulting at t-online. de
We are regularly Selling: d2 diesel, jp54, lpg 5050, mazut 100, rebco, cement. We are regularly Buying: d2 diesel, jp54, lpg 5050, mazut 100, rebco, cement, oezcanuensacwebde, oezcanuensacwebde, oezcanuensacwebde. |
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