NWI PETROLEUM
Company Details
Company Introduction
D2 Quantity of Commodity: 2, 000, 000 MT x 12 month @ $440/430 ( 500K Lift Able) 1, 000, 000 MT x 12 month @ $440/430 ( 500K Lift Able) 500, 000 MT x 12 month @ $450/440 ( 500K Lift Able) Procedure for Purchase and Sale of Commodity; Terms of Payment: 1. The Buyer issues complete NDNCA + IMFPA to the Seller ..2. Seller issues Partial POP to Buyer.3. After verification of Partial POP, Buyer will lodge Pre-advice of RDLC or Conditional MT103-23 via SWIFT message (Conditional MT 103-23) Partial POP consists of:(1) Refinery RWA Letter(2) Refinery Allocation Confirmation(3) Invoice(4) License(5) Ministry of Justice Letter(6) Specifications(7) Refinery Letter To Bank ***** Seller issues contract for Buyer's execution.5.Buyer signs contract and returns.6.Seller issues Tank/Pipeline receipts (Pipeline Receipts, SGS Reports, Allocation Numbers) to the Buyer email.***** Buyer verifies the Proof of Product (Pipeline Receipts, SGS Reports, Allocation Numbers) and releases MT103 payment.8. Close
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