D2 Prices are 565/555 for FOB and 575/565 for CIF
50,000,000 D2 SPOT AVAILABLE IN ROTTERDAM
30,000,000 D2 SPOT AVAILABLE IN HOUSTON
1. NCND AND IMFPA filled and sent seller name given for release of ICPO
2. Buyer issue Irrevocable Corporate Purchase Order with banking details. 3. Seller provide Draft Contract with banking details
4. Buyer signs draft contract and return a copy to seller. 5. Both Parties lodge signed SPA to their Respective Banks
6. Revolving Documentary Letter of Credit (RDLC) (To be Transferable Once Only) or Bank Guarantee or Conditional MT 103/23 to be sent by swift to Sellers Bank by Buyers Bank
7. Once The Payment Instrument is verified The Seller's Bank issues Full Proof of Product to Buyer's Bank. 8. Ownership / Title Deed Transfer and payment are exchanged bank to bank. The transaction is consummated as contracted. Posted from UK - South East of England on 31 May, 2008
