2 MILLION BARRELS OF CRUDE OIL (BLCO) IN CHINA
TRANSACTION: CIF INSTRUMENT: SBLC DISCOUNT: $ 13/4 PROCEDURE FOR CHINA 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) NNPC issues […]