Never, never give up!
Never, never give up!

Attention for all of our new Buyers

Important information for all of our prospective Buyers:
 

Our company is a facilitator to assists to supply Crude oil/Petroleum products/LNG/LPG to Buyer.

We have to clarify some important key-moments, before start any cooperation:

 

TARGET PRICE
The prospective Buyer must give us his/her Target Price before exchanging of documents.


PRINCIPAL - an individual or legal entity authorizing another person to act as an Agent.
 

PROCEDURE (Briefly):

(KYC-DD - Bank Reference) F Price F LOI F FCO F SPA & IMFPA FSGS Q&Q (PPOP) F SBLC F POP F Loading F F SGS Q&Q ->Payment.


FINANCIAL INSTRUMENT

If Buyer signs SPA only for one shipment - He/her may issue DL/C
If Buyer signs SPA for 12 months - He/her needs to issue SBLC.

 

PRICE

All prices are in Platts, we will discuss with Sellers/Suppliers
only exactly price in FCO as Platts - some Discount or Platts plus some Premium.

OUR COMMISION (IMFPA)
We are usually at Buyer's side, because Seller's side closed for us.
 

ABREVIATIONS:

KYC

Know Your Client

DD

Due Diligence

LOI

Letter of Internet 

ICPO

Irrevocable Confirmed Purchase Order

SCO

Soft Corporative Offer

FCO

Full Corporative Offer

SPA

Sale & Purchase Agreement

IMFPA

Irrevocable Master Fee Protection Agreement

SGS

SGS is the world's leading inspection, verification, testing and certification company.

PPOP

Partly POP (including SGS Q&Q inspection)

POP

Proof of Product

SBLC

Stand By Letter of Credit

DL/C

Documentary Letter of Credit

NCND or NDA

Non-Circumvention, Non-Disclosure & Working Agreement

 

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