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Inquiry About Crude Oil

  • China China  
  • Last Updated:
    Posted on: 03 Mar 2021

RFQ Details

Dear friends, If you accept the following conditions;Please provide the seller's SCO!Product quality certificate! Ways of purchasing; spot goods! Futures. The terms of purchase are only CIF! Before CIF, the buyer does not pay any fees in advance! Products;Light crude oil Country of origin; any country or region. Minimum quantity: 2 million barrels / month. Maximum quantity: 6 million barrels / month. The price of a barrel; Chinese port net discount $ ?CIF ?days of delivery! The seller pays the commission. ?IF/ STANDARD BANKING PROCEDURES/ Futures. 1) Buyer confirms seller's SCO!Provide ICPO + BCL to seller. 2) seller issues FCO to buyer. 3) The buyer signs the seal and returns the FCO to the seller. 4)Seller issues draft contract opens for amendments to buyer. 5) Buyer makes amendments if any, sign and return Draft Contract to seller for review and acceptance. 6) Seller issues approved draft contract. 7) Seller sends/issues the hard copies of the contract along with the Partial POP to the buyer/buyers bank via Courier Service for buyers review. 8) Buyers Bank open swift communication with the sellers bank in readiness to receive the Full POP from the sellers Bank. 9) Seller Bank swifts FULL POP and other relative documents to the Buyers Bank. 10) Buyer's bank MT799 provides seller's bank.Seller Bank issues 2% performance bond to Buyer's bank, The buyer's Bank provides DLC / MT700 to the seller's bank, Activate seller's Bank 2% performance bond. If the seller defaults! The seller pays 2% of the compensation to the buyer. Thisaction makes simultaneously by Bank to Bank 11) Upon completion of all verification, shipment and delivery commences as per Sales and Purchase ContractAgreement. Best regards! CEO; Mr LIN FUQIN China petroleum overseas company Telephone: ++86-591-87663890 Fax;++ 86-591-87564986 E


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