Similar and Related Products is a Crude Oil product. Key specs — Origin: United States.
Product Description
Model No.: Product Origin: Brand Name: Price Terms: Payment Terms: Certification: Description:Quantity 10 million bbls to 50 million bbls per month. Price: Very competitiveDelivery: CIF ASWPInspection: SGS for quantity and qualityProcedure: 1. Buyer issues LOI / ICPO BCL2. Seller issues FCO. 3. Buyer sends back signed / sealed FCO and issuesICPO4.
Buyer's bank issue BCL to Seller's bank. 5. Seller's bank issue POP to Buyer's bank. 6. Seller issues Draft Contract on firm Terms andConditions. 7. Buyer's bank issue L/ C to Seller's bank. 8. Seller's bank issue 2% PB to Buyer's bank. 9.
Shipment per contractPayment: Irrevocable, Transferable, confirmed and revolving letter of credit payable 100% at sight upon presentation of original shipping documents. Letter of credit issued from a top 25 prime bank.
