Oil product: A1 Jet Fuel Place of Origin: Russia Quantity : 2,000,000 barrels per month Term of Contract: 13 months (1 year) Trade terms: FOB Price: Brent Basic process and documentation of transactions 1. Company A shall provide LOI to Company B and need to provide BCL from Bank at the same time. 2. Based on the LOI of Company A and BCL, Company B provides to Company A FCO+NCNDA/ICC. 3.Company A issues ICPO plus unenforced BG 4. Company B provides 2% PB, plus POP certificate of supply, contract of supply. 5. Company A provides official BG and LC. 6.Company B delivers the product to the appointed destination port. 7.The payment will be completed after Company A finishes the tests SGS and qualified Demands of finances and payments Company A shall be able to issue an irrevocable, confirmable, and automatically recyclable 3 month BG, valid for at least 1 year and 30 days; or Company A shall be able to issue an irrevocable, confirmable, and automatically recyclable two month BG plus A one month LC, both of which shall be valid for at least one year and 30 days
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