We have now a contract of Light Crude oil, CIF at $5/3 below Brent -
The allocation at this stage :8 millions barrels = 4 vessels shipments-
See the procedure below and let me know if this is of interest. Thank you,
1. Seller Issues this Sales and Purchase Agreement.
2. Buyer executes the Seller’s Sales and Purchase Agreement and a Letter with their Letterhead confirming acceptance and returns. Seller shall issue copies of Bill of Lading, SGS report and copy of Loading Documents and Buyer issues a Bank endorsed Purchasing order (BPO).
3. Captain sends an NOR to Buyer’s Port/Storage Facility and after he receives a positive NOR reply, the vessel will sail to destination port. On arrival the Seller issues an ATB for Buyer’s inspector’s to board and perform Q&Q.
4. Upon satisfactory Q&Q, Buyer permits vessel to enter port for discharge. Buyer’s Supercargo remains onboard.
5. After discharge, Seller issues Commercial Invoice and pertinent documents to Buyer’s bank
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Trade Leads Directory -> All Trade Leads -> Energy & Environment -> Renewable Energy -> Cif Light Crude Oil
