The supplier in this case is a well known North American Oil company that has a JV arrangement with 8 Russian refineries. Contract is between the Oil company and the buyer. Procedures (abbreviated)
1. ICPO with profile, bank reference letter and indication of past performance (we will provide the ICPO template) 2. Seller issues draft contract
3. Buyer and seller agree to amendments as necessary and sign
4. Buyers bank sends to sellers bank MT999 notifying readiness (we will provide language) to proceed and requesting POP information
5. Sellers bank replies with evidence of fuel
6. Buyer verifies evidence
7. Seller issues Laycan dates and buyer issues instrument for first months delivery and Q88
8. Loading of goods as per schedule with payment by MT103
9. Typical documentation provided on lift.
Sellers bank is J.P. Morgan Chase and Chase holds the full POP for all this refinery group's product and will pro
Statistics: Companies: 641,200+, Trade Leads: 160,300+, Products: 104,200+, Contacts / Replies: 8,283,600+ There are currently 42922 users online browsing our B2B network. 11:10 GMT, Thursday, December 19, 2024 Privacy Policy Important Notice! TradeHolding.com B2B Network does not provide an escrow service! Any member who asks you to pay for their products by Western Union to an agent of "TradeHolding.com B2B Network" is fraud and should be immediately reported to us. Do not pay anything to any member who states your money will be added to TradeHolding.com safety deposit account!
All Trade Leads / Offers / Products / Company Profiles / Images and other user-posted contents are posted by the user and Africa.TradeHolding.com and TradeHolding.com B2B Network shall not be held liable for any such content. However, TradeHolding.com B2B Network respects the intellectual property, copyright, trademark, trade secret or any other personal or proprietary third party rights and expects the same from others. For concerns, please contact us.
Trade Leads Directory -> All Trade Leads -> Chemicals -> Petroleum Products: Crude Oil -> JP54, D2, EN-590, production contract
