500,000MT x 12 month USD410/400 CIF
1M MT x 12 month USD410/400 CIF
5M MT x 12 month USD410/400 CIF
10M MT x 12 month USD410/400 CIF
Procedures: 1. Buyer issues LOI/ICPO with all info from Buyer + bank details of Buyer.
3. Buyer issues ICPO and Bank Letter of Payment Guarantee (LPG) by SWIFT MT799 or MT760 to Seller's bank and Bank to Bank basis on the Beneficiary:
4. Seller issues Draft Contract and both parties sign the contract and follow by partly POP and full POP to Buyer's bank by Bank to Bank basis.
(i) LPG SWIFT MT760, then partly POP once the LPG is received, confirmed and accepted by Seller's bank.
(ii) LPG SWIFT MT799, then partly POP once the LPG is received, confirmed and accepted by Seller's bank.
5. Delivery according to schedule.
6. Payment Terms
Please contact Jin at jin@3joilandgas. com Posted from UK - South East of England on 23 April, 2008
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