BITUMEN PROCEDURE PDF Print E-mail

 

 

Procedure ( Bitumen)


1 - Buyer’s inform the Seller LOI

2 - Seller issues the present FCO

3 - Buyer returns the present FCO sealed and signed for terms and conditions acceptance

4 - Buyer issues an ICPO to Seller with full Banking details along with the Company Profile

5 - Seller issues to Buyer the Commercial Invoice for the Quantity delivered

6 - Buyer’s Bank issues to the Seller’s Bank, MT 799

7 - Seller deliver all products from refinery to shipping port

8 - Seller provide SGS Test Results & Reports to the buyer

9 - Buyer’s Bank issues to the Seller’s Bank the full payment by MT103 or TT covering the Lift Able
delivery value within 24 Hours

10 - Upon the Seller Bank Commodities Full Payment confirmation, the lifting shall commence
immediately. Seller shall issue To the Buyer Bill of Lading and Shipping documents

11 - The Buyer’s Vessel Customs Clearance, taxes and Port Authorities fees shall be made and be borne
by the Buyer in discharge port

Serious Seller and Mandate welcome, Buyer with POF will be served first

 
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