150 KMT OF LNG IN TIANJIN
TRANSACTION: TTO PRICE: $430 INSTRUMENT: SBLC TANK TAKE OVER (TTO) PROCEDURE.
50 KMT OF AGO IN LOME
TRANSACTION: TTO/ TFD INSTRUMENT: SBLC PRICE: $750/ 10 TRANSACTION PROCEDURE TTO LOME/ TFD 1.SELLER ISSUES SPA WITH PPOP TO BUYER,BUYER SIGNS AND RETURN WITH SUPERCARGO AND INSPECTOR DETAILS,WITH TANKS FARM DETAILS AND NOR ,ATB FORMART 2.BUYER ISSUES STANDBY LETTER OF CREDIT (SBLC) TOTAL CARGO 3.UPON COMFIRMATION OF THE SBLC MT760,VESSEL SAIL TO PORT OF DESTINATION […]
2 MILLION BARRELS OF CRUDE OIL (BLCO) IN SPAIN
TRANSACTION: CIF INSTRUMENT: RWA / SBLC DISCOUNT: $13 /4 PROCEDURE FOR SPAIN CIF 1) Seller issue SPA ,Buyer sign and return the SPA with details of inspection team 2A) Seller Provide Partial POP to buyer. 2B) Buyer confirm the Partial POP (Q88 excluded) andBLOCK FUND $25million into the NNPC direct account or give SBLC 3) […]