Procedure
a. buyer issues an icpo. b. seller issues full corporate offer to the buyer. c. buyer signs and returns fco with letter of acceptance. d. seller issue draft contract on firm terms and conditions to the buyer. e. buyer signs and returns the draft contract to seller. f. seller sends contract to the refinery for legalization and lodge into pipe line for liquid petroleum products and seller issues partial pop. g. buyer issues full proof of funds (pof), (mt103/23) h. upon the confirmation, seller and buyer sign the hard copy contract in seller office in moscow if needed, or both party exchanges hard copy of contract via courier service. within five days of signing electronic version. i. seller issues full proof of product (pop) bank to bank. a) copy of license to export, issued by the department of the ministry of energy
b) copy of approval to export, issued by the department of the ministry of justice
c) copy of statement of availability of the product
d) copy of.
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