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Product detail:
We have mandate to sell Oil products .We have the supply of Crude oil, Mazut 100, D2, D6, Diesel (Euro 2M) and Jet Fuel. If Your Company is interested, Please do not hesitate to Email us your enquiries. We appreciate very much your efforts in sourcing for Oil products Buyers. However, not every LOI or ICPO will be accepted by Committee because of various reasons . The main reason we need to know the Background of the Buyer and also who is the End user is because NOT every Buyer have the Import License (mostly needed in many countries as China ) or the connections to rent the Import License as there are always a few Oil Import License given out to the Big Buyer .A Buyer may be financially strong but without the Import License, it is just an exercise in futility and you will be wasting a lot of your time in processing the Deal. We have gone through many of these cases before. In consequence any new relations shall be initiated with an official LOI issued by the Buyer or paymaster with ROC , Company profile and end user Background . Otherwise , due to the very large amount of demands we will not be able to select your enquiry . Best Regards
TRANSACTION PROCEDURE
1 Buyer issues Letter of Intent (LOI) to seller. Seller issues SCO/FCO to buyer for counter-checks the offer and if agreeable, buyer shall sign and return the SCO/FCO to seller.
2. Buyer issue ICPO (Irrevocable Confirmed Purchased Order).
3. Seller will issue FCO / SCO to buyer.
4. Buyer fully endorsed & returned seller’s FCO as acceptance.
5. Seller provided Draft SPA (Sales and Purchase Agreement) and verbiage LC for amendments & acceptance.
6. Seller issue the Performa Invoice for buyer to prepare the DLC / Documentary Letter of Credit
7. Buyer & Seller acceptance sign & seal contract
8. Seller provides Partial Proof of Product (PPOP) immediately on signing contract to be verify by the relevant authorities.
9. Buyer issued the Operative LC, Seller will issued 2% Operative PB, after verified at seller bank, arrangement for viewing oil, deep test and sighted POP will be done.
10. Seller shall provide the POP (Proof of Product / Shore Tank details and actual viewing and inspection of products) to the Buyer.
11. Cargo ownership transfer to the Buyer.
12. Buyer may begin to proceed with the collection / loading of oil.
13.Kindly contact us if have any inquiry.
