1. BUYER ISSUES ICPO AND BCL WITH MT103/23 TO THE SELLER'S BANK WITH RIGHT TO SOFT PROBE
2. SELLER ISSUE FCO
3. BUYER SIGNS AND RETURNS FCO WITH LETTER OF ACCEPTANCE
4. SELLER ISSUES DRAFT CONTRACT OPEN FOR AMENMENTS
5. BUYER RETURNS SIGNED DRAFT CONTRACT
6. BUYER HAS THE RIGHT TO FLIGHT TO MOSCOW AND PRESENT THE HARD COPY OF POF TO THE SELLER IN RETURN FOR OFFICE POP FROM JSC GAZPROM
7. THE BUYER'S BANK CAN SEND HARD COPY TO SELLER'S BANK, THE SELLER SENDS POP TO THE BUYER'S BANK AFTER POF VERIFICATION
8. SELLER ISSUES ORIGINAL CONTRACT FOR FINAL SIGNATORY, BOTH PARTY EXCHAGE HARD COPY CONTRACT BY COURIER WITHIN 5 WORKING DAY OF SIGNING THE ELECTRONIC VERSION
9. BOTH PARTY LODGE CONTRACT IN RESPECTIVE BANK
10. BUYER VERIFIES POP AND TANK RECEIPTS AGAINST LAUNCHED MT103/23 IN FAVOR OF SELLER'S BANK
11. TT WIRE IS RECEIVED FROM BUYER'S BANK
12. OWNERSHIP CHANGE AFTER PAYMENT
Posted from UK - South East of England on 9 May, 2008
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