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
