TRANSACTION: TTO INSTRUMENT: LIEN OR LC PRICE: $580/10 TAIWAN TTO LOADED VESSEL TRANSACTION PROCEDURE (NON-NEGOTIABLE). 1. Buyer issues ICPO according to the seller’s working procedure along with buyer’s company certificate of registration with copy of buyer’s passport. 2. Seller issue draft MOU agreement to Buyer counter-sign and return back to seller. 3. Upon seller receipt […]
TRANSACTION: TTO INSTRUMENT: LIEN OR LC PRICE: $580/10 SINGAPORE TTO LOADED VESSEL TRANSACTION PROCEDURE (NON-NEGOTIABLE). 1. Buyer issues ICPO according to the seller’s working procedure along with buyer’s company certificate of registration with copy of buyer’s passport. 2. Seller issue draft MOU agreement to Buyer counter-sign and return back to seller. 3. Upon seller receipt […]
TRANSACTION: FOB (DIP & PAY) DISCOUNT: PLATTS MINUS $110 FOB DIP & PAY TRANSACTION PROCEDURES: (TANK TO TANK / TANK TO VESSEL) 1. K & R International Trading Company (K&R), or one of its agents, sends Commercial Term Sheet (CTS) to the Buyer for buyer’s review. Buyer signs the CTS, as confirmation for acceptance of […]