Petroleum

1. Buyer issues LOI. Seller and Buyer sign and seal the contract with full banking details.

2. Buyer and Seller lodge the contract in the respective banks.

3. After receiving sales contract, buyer will respond with POF. The seller shall issue to buyer POP. POP must be verifiable.  This can be done on a bank to bank basis.

4. Within 5 (Five) international banking days upon receipt and acceptance of Buyer’s the End Seller’s bank shall issue full POP in accordance to draft text mutually agreed as per contract. Shipments shall commence as per the contract. The first delivery shall take place within five (5) working days upon receipt of the Buyer’s Payment instrument

5. Payment made via MT103 title transferred.