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Thursday, 11 December 2014

Closing Oil Derivatives Related Transactions

1. Seller issues a Full Corporate Offer (FCO) on his letterhead for review and due diligence by buyer along with a satisfactory refinery supply letter including his perivalko agreements or a letter that he has perivalko in place.

2. After satisfactory due diligence by buyer, Seller issues a contract for signing .

3. Buyer signs and returns contract to Seller following contract’s conditions .

4. Seller issues a DLC for one month shipment as contract requires that will revolve for the duration of the contract and upon satisfactory delivery of seller.

For More:  Closing Oil Derivatives Related Transactions

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