- BUYER SEND LOI.
- SELLER MANDATE SEND SCO.
- BUYER SEND ICPO TO IBERENTERPRISE GROUP. (A BCL FOR DD CAN BE REQUESTED)
- BOTH PARTIES INVOLVED SIGN NCNDA.
- SELLER SEND FCO. BUYER SIGN AND RETURN.
- SELLER SENDS DRAFT SPA (SALES PURCHASE AGREEMENT) WITHIN TWO (2) BUSINESS
DAYS TO BUYER. - BUYER REVIEWS, AND MAKES NECESSARY CORRECTIONS TO THE DRAFT SPA, AND THEN
SIGNS AND RETURNS IT TO THE SELLER. THE SELLER REVIEWS AND SENDS THE FINAL SPA.
BOTH SIGN AND STAMP. - ACCORDING TO THE AUTHORIZATION AND AVAILABILITY OF THE REFINERY / FARMER, A
PPOP CAN BE MADE IN VIDEO, SHOWING THE PRODUCT, DATE, AND NAME OF THE
BUYER OR SELLER PROVIDE ALLOCATION LETTER. - BUYER ISSUES OPERATIVE FINANCIAL INSTRUMENT FROM ONE OF THE BANKS TOP 25/50
WORLDWIDE WITHIN SEVEN (7) BANKING DAYS. - SHIPMENT COMMENCES AS AGREED WITHIN THE SPA USUALLY WITHIN (15-25 DAYS)
DEPENDING ON THE PORT, AND AFTER CONFIRMATION OF THE OPERATIVE
INSTRUMENT IS CONFIRMED BY SELLER’S BANK. - AT TIME OF CHARTER PARTY DETERMINATION, THE SELLER WILL PROVIDE DELIVERY
DETAILS TO THE BUYER. SELLER ALSO PROVIDES ARRIVAL OF THE VESSEL AND ALL
OTHER PERTINENT MATTERS IF APPLICABLE. - THE SHIP IS LOADED, IN THE PRESENCE OF THE SGS, WHICH WILL CERTIFY, ISSUING THE
POP. THE BUYER CAN BE PRESENT TO WATCH THE LOADING. - ALL SUBSEQUENT SHIPMENTS WILL FOLLOW THE SAME PROCEDURE IF APPLICABLE.
- ALL SHIPPING DOCUMENTATION WILL BE DELIVERED TO THE BANK. WITHIN 5 WORKING
DAYS THE SELLER WILL RECEIVE PAYMENT MT103
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