TRANSACTION: CIF INSTRUMENT: SBLC DISCOUNT: -7.5% (PLATTS) PROCUREMENT & DELIVERY PROCESS 1. Request1.1. “The Buyer” issues a Letter of Interest or the Request for Product Application. • The Letter of Interest or the Request for Product Application shall consist of Product Name, Volume, Discharge/Retrieval Port, Specification(s), Collateral Instrument issuing Bank Name, Company Information, etc. 6. […]

TRANSACTION: CIF (ASWP) INSTRUMENT: SBLC (MT 760) PRICE: $97/4 CIF TERMS & TRANSACTION PROCEDURES  1. Buyer Company issues Irrevocable Corporate Purchase Order (ICPO) on its official company letterhead to the seller.  2. Seller Company issues Draft Contract / Sales & Purchase Agreement (SPA Open for amendments if any) both parties sign and seal the present […]