Procedures. (1) Buyers issues an ICPO with soft Probe and BCL or RWA
(2) Seller Issues an FCO
(3) Buyer signs and Return FCO
(4) Seller Issues the 'SPOT' CONTRACT to Buyer to Sign and Return. Contract is signed by both seller and buyer and each receives copy and contracts are
lodged at buyer and seller bank officers. Buyer requests that FCO & CONTRACT be sent at the same time so to expedite the
process -- this is not a requirement, just a suggestion
(4a) Seller bank sends conditional POP TO Buyer bank
(5) Buyer instructs his bank to issue conditional POF MT103/23 to seller's designated
bank on bank-bank level
(6). Seller bank after verifying the POF authenticity, then SENDS their 'FULL' POP to
Buyer's bank on bank-bank level Consisting of following documents. STORAGE TANKS (LOCATED IN ROTTERDAM) RECEIPTS CURRENT DATE
'SGS INSPECTION CERTIFICATES RE PROD
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