Jet Fuel

* Buyer issues Letter of Intent for product

* Seller responds with SCO-FCO and terms of procedures
* Buyer responds with ICPO including the terms of procedures from
Seller with BCL

* Seller bank do bank to bank due diligence on buyers funds legibility
* This process takes approximately 24 to 36 hours

* Once funds has been approved and cleared by seller bank; seller
notify buyer and issue SPA (SALES PURCHASE AGREEMENT)
* Seller and buyer review contract/modify if necessary and finalize by
adding buyer bank coordinates and passport picture
* Seller complete package with passport picture/provide initial bank
coordinates and pdf final contract version to buyer

* Seller issues CI (Commercial Invoice) to buyer

* CI Package includes PARTIAL Proof of Product for initial trial order
with schedule
* DIP & Test Package this (includes DTA, TSR, Product analysis report
from the refinery lab, refinery commitment to producing the product and
seller corporation number)

* Buyer fill in the Notice of readiness letter (this includes
information required from buyer for their TANK Number; Tank Receipt; SGS
Company that will conduct the SGS; Mandates representing buyer to do
site visit);
* Seller send the Notice of readiness package (with buyer completed
form) and schedule meeting for buyer to do the DIP Test
* Within 12 hours buyer team contact the tank company and submit the
DTA issued by seller for arrangement to conduct the DIP Test on the
* Buyer team conducts the test and send the test report (SGS) to seller
within 12 hours
* Upon successful Dip Test buyer release the funds by MT103 to seller

* Once funds has been released and confirmed by seller bank, seller
issues to buyer the following:

* Title of Ownership
* Certificate to be followed by export documentation

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This Post Has One Comment

  1. Good Morning i am looking for Jet Fuel 1 a FOB Rotterdam

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