• date_rangePosted On :   Apr 09' 2009
• location_cityCity :   Kiev
• languageCountry :   Ukraine
• content_pasteEnquiry No. :   9040967

Dear Sir/Madam,
We need 4 mln barrels of crude oil a month x 12 months.
Short contract procedures:
1. SPA
2. Within 3 banking days the Seller issues POP (Proof of Product)
to the Buyer's Bank by SWIFT MT 799 only, issued /confirmed by
International First Class Bank.
3. Then, within 7 banking days Seller's Bank sends 2% PB to Buyer's
Bank in favor of Buyer, issued and confirmed by International First
Class Bank, and simultaneously the Buyer issues a non-operative revolving
documentary letter of credit in favor of the seller covering one month's
volume.
4. CIF delivery
5. Q&Q
6. Full payment
Payment conditions: Irrevocable, Revolving, Non-Transferable Documentary
Letter of Credit, the covering one months volume.
Thanks and Regards