LNG Liquid Fied Natural Gas Oil

12, Upon completion of all verifications, delivery and shipment commences as per Contract.

11, Seller issues operative 2% Performance Bond.

10,L/C or other acceptable means of payment will be activated

Bank.

favor of the seller bank account valid for 3 Months, the buyers bank shall be a top 25 World

9, Buyer issues Letter of Credit (L/C) or other means of payment accepted by both parties in

8, Buyer confirms and endorses the Proof of Product (POP) and returns to the seller.

7, Seller bank will accordingly issues Proof of Product (POP) to buyers bank.

the buyer.

6,The seller registers the buyer consignment with the refinery after due consultation with

open if deem necessary by the buyer.

5, Buyer reviews the Draft Contract (SPA) for signatory and seal, amendment is

4, Seller issues NCNDA and Draft contract to the buyer

to the seller.

3, The buyer returns signed and sealed (FCO) Full Corporate Offer

2, Seller issues (FCO) Full Corporate Offer to the buyer

not sanitized contact information address to the seller.

1, Buyer issues Irrevocable Corporate Purchase Order (ICPO) with full banking information and

(these are general guidelines only)

Procedures: vary from refinery to refinery

LNG LIQUID FIED NATURAL GAS OIL