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LOI or ICPO must be updated (not older than 3 days) and properly issued, granted seller's bank to take soft probe. Shipping destination port (non-sanctioned) is required;
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BCL (Bank comfort Letter) must be updated (not older than 3 days) and issued on original bank letterhead, signed/sealed by two bank officers, indicating the order value at buyer's account is available, granted seller's bank to take soft probe;
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Enquiries without LOI & BCL (including soft probe) will be ignored;
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Buyer's bank must be one of the 25 World Prime Banks;
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SBLC / FFDLC pricing stands for the entire contract value;
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DLC pricing stands for monthly shipments value;
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RDLC revolving per shipment is acceptable;
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Non-transferable payment instrument will have extra charged of USD12.00/MT;
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POP will be provided from seller's bank only after buyer's bank submits the (Non-operative) DL/C ;
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No visits at refineries / silos / producers will be approved;
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Visit to port of loading can be arranged at buyer¡¯s expense;
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Unless otherwise published ¨C products are available at any quantity;
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FOB is not an acceptable INCOTERMS.
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MOQ (Minimum Order Quantity) 12,500 Mt on CIF basis only.