Specification :

FOB Russian ports 5 million/ month,
GENERAL PROCEDURES and PAYMENT TERMS for CONTRACTUAL ( 12 Months) transaction:

1. Buyer submits ICPO with full banking details + buyer’ s copy of passport;
2. Seller provides the FCO or CONTRACT.
3. Buyer sign and seal the FCO or CONTRACT and sends it back.
Within 48 hours from lodging of contract, buyer submits POF bank to bank ( e.g. MT799/ 199 or BCL and/ or Bank Authorization Probe) for at least monthly value of the order. All communication strictly bank to bank
4. Within 72 hours after the verification of the POF, seller bank issues the partial POP, consisting of tank
receipt, tank storage, and dip test authorization.
5. Once verification is completed, buyer issues the MT103/ 23 for the value of directly liftable ( 100, 000 BBL) , and Non-operative ARDLC worth for 1 month shipment value via swift as a deed of performance. The LC shall be effective for 12 month.
6. Seller swifts the full POP, which make the MT103 and LC Operative automatically
7. Buyer undertakes the title of product, and Lifting starts immediately.

WE ACCEPT GENERAL PROCEDURES AND PAYMENT TERMS, UNCONDITIONALLY READY TO WORK ON IT.