OUR PROCEDURE WILL NOT CHANGE ON ALL OIL PROCUCT:

1. SPA after chop and sign by Buyer and Seller.

2. Buyer swift BG or RDLC swift by MT799 to Seller bank.

3. Seller bank received and acceptance BG or RDLC swift by MT799 within 14 to 30 days will swift 2%PB+Partly POP(Refinery Allocation) to Buyer Bank.

4. Buyer Bank received 2%PB+Partly POP within 5 to 7 days must RE SWIFT BG or RDLC to Seller bank by MT760.

5. Seller Bank received Buyer operative BG or RDLC within 5 to 7 days must swift FULL POP to Buyer bank.

6. Buyer bank received Full POP then issue MT103/23, TT is conditional on Buyer discharge port after SGS or CIQ inspection within 5 to 7 days TT.