Buyer issues purchase order (LOI) with Bank Comfort letter(BCL) from
buyer's Bank to the Seller and Seller Issue Contract.
Buyer Signs and accepts this FCO.
Seller,issues upfront lifting delivery schedule directly in the name of the
buyer after the contract is signed within 72 hours or earlier.
Buyer establishes payment Instrument: 100% NON TRANSFERABLE
DLC. No upfront fee or advance payment on any charges.
Shipment follows per delivery schedule.
( + / -5% ) X 5 months minimum order to 300000 Mt (1year) contract price
at platts.Less discount depending on quantity.
Market Scan "nwe Cargoes Cif Nwe/basis Ara" per Metric Ton Minus
discount Usd pmt,plus + cost of freight to be paid at actual for Oil, per
standard specification.Seller deals on platts price less discount and their
terms are non negotiable