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BUYER CRUDE OIL SLCO,D2

  • USA USA  
  • Quantity Required: 40 MILL BBL
  • Last Updated:
    Posted on: 05 Jul 2024

Buyer Information

RFQ Details

Hello, we are interested by your offer, we are a buyer of the crude oil SLCO quantity between 10 million and 40 million BBL, we are also interested by the spots of D2 quantity between 5 MILLION AND 10 MILLION tons, thank you to reach us your soft offer in the rather possible one, here our procedure,
TO WHOM IT MAY CONCERN :

To the attention of all actors being in relation with our group GMTL, here under are the general rules of our working procedure regarding Crude Oil, oil products and others, provided in spots or contracts.

Regarding the spots

Buyer sends an L.O.I.
Seller sends FCO and his Banking
Buyer sends I.C.P.O. with his banking and soft probe authorisation
Seller confirms P.O.P by MT 999 to the buyer
Buyer reconfirms P.O.F. by MT 999
Seller send invoice and tank storage numbers and/or P.O.P.
Buyer pays by MT 103/23
Exchange of responsabilities
Free out of MT 103

Of course, It could be shorter:

Buyer sends an L.O.I.
Seller sends pro forma invoice with his banking
Exchange of MT 999 between bank officers, P.O.F. against P.O.P.
Payment.

Regarding the contracts :

Buyer sends L.O.I.
Seller sends F.C.O. with his banking
Buyer sends I.C.P.O. with banking and soft probe authorisation
Seller sends draft contract
Buyer sends draft contract back, signed .
Confirmations P.O.F. / P.O.P.
Delivery

Note : The P.O.P. iss always integral part of the contract.

best regards
said gargouri
+216 23 416 461


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