Payment Terms: Payment by Confirmed OR Unconfirmed transferable irrevocable, letter of credit (LC). The supplier also offers a deferred credit arrangement for 30, 45, 60 & 90 days.
SUPPLIERS TERMS & CONDITIONS
Buyer submits to Seller a written LOI + BCL.
Seller issues a FCO.
Buyer accepts FCO.
Seller presents Purchase Agreement (P.A.) and LC format to Buyer.
Buyers bank confirms in writing ability to issue LC as per format.
P.A. mutually executed.
Buyers bank issues LC as per agreed format.
Seller advises Buyer of nominated vessel and discharge laycan.
Vessel arrives destination and discharges.
Please Note, the Seller is available to a qualified Buyer. The Seller/Supplier is the Owner of the oil. Prices and procedures are subject to change until an FCO or CONTRACT is issued by Seller. PLEASE SERIOUS BUYERS ONLY.