We urgently need mazut m 100for our chinease buyers, according to this procedure
OPTION B
1Contract signed by both Parties
2Seller’s bank issue partial POP documents
3Buyer’s bank issues a Deposit by BG or LC. The amount is on seller’s requirement based on Note 1 below
4Seller’s bank issue POP + PB
5Buyer’s bank issue L/C
6Delivery commence
7Payment against shipping documents + inspection certificate issued after the cargo shipment arrive at unload port
note
I confirm that we accept 50kmt per shipment and pay shipment by shipment
Quantity monthly can be arraged by the seller. One shipment or ten shipment per month is no problem for me. 50kmt per month is the basis. We hope 500,000 mt per month if the seller has the capacity. We can also issue ICPO after receipt of formal SCO/FCO
Contract signed face to face in Russia or china
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