Please provide a quotation to the following requirement from importer -
Product: Light Crude Oil
Specifications:
API 35-45
Qty: 5,000,000 MT
BUYERS PROCEDURE:
The buyer issues an ICPO without a TSA. The seller then issues a Commercial Invoice and draft SPA. Once the CI is signed, the seller provides full proof of product, including documents such as the SGS report, CPA, etc. After receiving these, the buyer issues an Authorization to Verify (ATV) for logistics confirmation. Following a successful verification and dip test, payment is made via MT103/TT or another agreed method. Title is transferred at this stage, and the product is lifted as per the contract.
Buyer is interested to receive quotations for the following RFQ -
Product: Light crude oil
Specifications:
API 35-45
Qty: 5,000,000 MT
BUYERS PROCEDURE:
The buyer issues an ICPO without a TSA. The seller then issues a Commercial Invoice and draft SPA. Once the CI is signed, the seller provides full proof of product, including documents such as the SGS report, CPA, etc. After receiving these, the buyer issues an Authorization to Verify (ATV) for logistics confirmation. Following a successful verification and dip test, payment is made via MT103/TT or another agreed method. Title is transferred at this stage, and the product is lifted as per the contract.
