United Kingdom Crude Oil is a Crude Oil product. Key specs — Origin: United Kingdom.
Product Description
Specifications: 1. REBCO 2. Blco 3. D2 4. Mazut m-100 5. Jet fuel Procedure of the transaction: -forward LOI and bcl - seller and buyer sign the draft final contract, and exchange copies within 48 hours. - within 5 (five) banking days from the date of execution of the final contract, buyer\'\'s bank will issue by fax/swift or cable, proof of fund (p. O.
F) in the form of a pre-advice d/lc in favor of end seller\'\'s bank. - within 72 (seventy two) hours from the date of receipt at sellers bank and petronas bank of the pre-advice d/lc, petronas will either endorse the final contract or issue the full POP with allocations confirming the supply for the full period of the contract. - upon verification of POP by buyer.
The buyer must within 24 hours nominates vessels and gives eta to seller. - after confirmation and acceptance of the d/lc by petronas and seller, petronas will issue stock allocation and estimated loading dates for the first shipment cargo is ready for loading at the designated port by petronas, they will immediately proceed to drawdown on the dlc on the same day. - seller shall issue the confirmed first cargo delivery confirmation and date.
