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Crude Oil

Min. Order / Reference FOB Price
2000000 Barrel	Contact Supplier

Local Area:	United Kingdom
R&D Capacity:	OEM, ODM, Other
Payment Terms:	LC, T/T, D/P, Paypal, Western Union

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1. SELLER AND BUYER SIGN SPA AND DEPOSIT WITH THEIR RESPECTIVE BANKS.
2. BUYER'S BANK WRITES TO SELLER'S BANK DEMANDING DETAILS OF THE LOADED VESSEL BY SWIFT.
3. UPON ConFIRMATION FROM SELLER'S BANK, BUYER PLACES IRREVOCABLE LETTER OF CREDIT AND GIVES DETAILS OF SUPER CARGO AND INSPECTORS DETAILS.
4. SELLER ConFIRMS IRREVOCABLE LETTER OF CREDIT AND ISSUES ATB (AUTHORITHY TO BOARD) TO INSPECTORS FOR Q&Q.
5. AFTER Q&Q REPORT ,BUYER RELEASES PAYMENT TO ALL PARTIES INVOLVED.
6. SELLER RELEASES ALL ORIGINAL documentS TO BUYER FOR RECHARTER AGREEMENT.
7. AFTER RECHARTER AGREEMENT, VESSEL SAILS TO BUYER'S DESTINATION NOTE: THE DISCOUNT IS NOW $10, $6.00 TO BUYER, $1.00 TO SELLER AND BUYER'S AGENTS EACH AND $1.00 SELLER AND BUYER'S FACILITATORS EACH.