JP54 AVIATION KEROSENE COLONIAL GRADE 54: MINIMUM QUANTITY (1, 000,000 Bbls)
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JP54 AVIATION KEROSENE COLONIAL GRADE 54: MINIMUM QUANTITY (1, 000,000 Bbls)

Procedures:
1. Buyer issues ICPO.
2. Seller issues FCO to Buyer.
3. Buyer signs and returns FCO to Seller.
4. Seller issues draft contract to Buyer.
5. Buyer return countersigned contract to Seller.
6. Seller and Buyer exchange approved copy contract electronically and lodge contracts with their respective banks.
7. Buyers bank issues POF by MT799 or Conditional Payment by MT103/23 to seller’s bank
8. Seller issues: Commercial Invoice, DTA and Q-Q report for the first lift
9. Buyer Dip Test and issues MT103/TT for the immediately lift able lot and, Non-operative RDLC, as payment
guarantee for the subsequent lifts.
10. Seller sends full pop and 2% performance bond to the buyers’ bank to bank, RDLC becomes operative.
11. Shipment commences as per contract
Buyer agrees with sign/corporate seal the seller provides contract within two working days.
Thanking you and hoping for a fruitful business relationship.

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