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LIQUIDIFIED PETROLEUM GAS
RUSSIAN ORIGIN
Under 450,000 MT x 12 Months, USD 370 Gross / 350 Net, CIF
Over 450,000 MT x 12 Months, USD 350 Gross / 330 Net, CIF
UREA 46%
Procedure
1. Buyer sends loi / icpo (Word format not acceptable).
2. Seller sends FCO and DRAFT CONTRACT for amendments (Optional).
3. Buyer signs and returns with a letter of acknowledgement.
4. Seller lodges contract with the legal department for legalization
(NO FEE REQUIRED!!!).
5. Buyer establishes contact with the legal department for final wording
Before Legalization (NO FEE REQUIRED!!!).
6. Seller appoints and signs pact with the shipping company.
7. Buyer contacts Shipping Company to summarize Shipping terms and
schedule.
8. Buyer / Seller signs and seals the final Contract in Sellers’ office.
9. Both Parties lodges the final Contract with their respective banks.
10. Sellers’ Bank lodges the Proof Of Product with the Buyers’ bank and
2% PB.
11. Buyers’ bank swifts Irrevocable transferable / Non Transferable
DLC to Sellers’ Bank.
12. Shipment commences as scheduled in the final Contract.
13. Seller within (3) Banking days of receipt of Buyer’s Operative Financial
Instrument release Payments to Intermediaries involved.
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