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
Thank You,
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
Thank You,
No comments:
Post a Comment