Other : Selling Oil specifically D2

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Selling Oil specifically D2

Classified Ad Info

Listing Details		Seller Information		Sponsors
Price:	$ 580.00 OBO	Seller:	general1
Ending:	12/8/08 2:59 am	Member:	Since Sep 2008
Item #:	70243	seller's other listings
Accepts:		contact seller

Additional Options
add-to-favorites		Location Information
tell-a-friend		City:	Austin
printer friendly		State:	TX
vote on this listing		Zip Code:	78710
view votes		Country:	United States
flag as inappropriate Flag Listing As Inappropriate		map-this-item

Description

10mMT @590/580

Procedure:

1. Buyer confirms soft offer and issues an ICPO, BCL with right for soft probe.

2. SELLER issues FCO.

3. Buyer sign and returns FCO with acceptance letter.

4. SELLER issues Draft Contract open for amendments.

5. Buyer returns signed Draft Contract

6. Seller and Buyer signs NCNDA and IMFPA

7. SELLER certifies the signed contract ready for execution.

8. Both parties exchange legalized hard copies via courier delivery.

9. SELLER issues sensitized verifiable proof of product to buyer via electronic

post.

10. Buyer's Bank issues notice of readiness to Seller's Bank.

11. Seller's Bank reply with the full proof of product (POP) VIA SWIFT.

12. Buyer makes payment irrevocable, confirmed, SWIFT wire Transfer via

CONDITIONAL MT 103 worth the shipment value to THE SELLER

10m spot currently 5 in the tank, Rotterdam 660/640

Procedures:

1. Upon Confirmation of this ICPO.

2. Seller will send draft contract to the Buyer for any amendments.

3. Buyer shall Swift the Pre-advice to Seller's bank

4. Upon confirmation of the Buyer's Swift copy, Seller's bank will forward the POP to Buyer's bank.

5. Upon Confirmation of the Seller's POP (Proof of product), Seller will sign contract.

6. Upon confirmation of the sign contract, Buyer's bank will send to Seller's bank Irrevocable, Transferable Mt103 or DCL revolving for each shipment with his CPA to pick the product.

7. Upon confirmation of the Buyers instrument/NOR to pick the product, Sellers bank will issue Bank Guarantee under performance bond in favor of Buyer.

8. Upon confirmation of all credibility, delivery will start.

Photos/Video

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