EN590, 100000 MTN , 12 moths. 10ppm. UAE.
1. Buyer issues ICO and Company Registration Certificate to Seller with Buyer's Passport
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2. Seller issues Cl to Buyer for the available quantity. Buyer signs and returns the CI to Seller.
3. Buyer issue POF via MT199 with they're bank funds for blocking order quantity.
4. Seller releases the SGS and POP document, Buyer do their own check SGS.
5. After the successful SGS check, Buyer makes 100% payment via TT/MT103 for the total product value to Seller and Seller transfers the Title Ownership to Buyer. and Buyer pay for TSR till transfer buyer to vessel.
6. Buyer Provide its nominated Vessel CPA, Q88 alongside with Safety Management Certificate of the Ship and lifting commences.
7. Seller submits the Draft SPA to Buyer for R & E monthly deliveries.
8. Buyer reviews and signs the SPA and issues SBLC MT760 or DLC MT700 for the length of the contract or for each lift preschedule. Buyer pays by MT103/TT after Dip Test on each month's delivery. The subsequent deliveries will commence according to the terms and conditions of the contract.
