Product Description

Procedures:

Nigerian CIF SPOT Crude Oil Trading Operations尼日利亚CIF原油现货贸易业务

1. SELLER ISSUES DRAFT CONTRACT AND BUYER SIGNS. CONTRACT IS DEPOSITED IN THE BANKS RESPECTIVELY. 卖方提供的合同草案及买方签字。合同是分别存放在银行。

2. SELLER ISSUES PROOF OF PRODUCT FOR BUYERS CONFIRMATION.卖方提供证明产品对买家的确认

3. BUYER'S BANKS SENDS SWIFT CONFIRMATION LC, AS PAYMENT GAURANTEE.买方的银行发送SWIFT确认LC，作为付款担保。

4. SELLER ISSUES DIP TEST AUTHORIZATION TO THE BUYER FOR TESTING ANALYSIS. 卖方的问题浸渍试验授权给买方。测试分析

5. SELLER ISSUES COMMERCIAL INVOICE BASED ON QUANTITY IN TANK AND TITLE TRANSFER TO BUYER.卖方的问题在坦克的数量和所有权转移给买家根据商业发票

6. BUYERS TAKES OVER TANK FARM AND PAY BY MT**3.买家接手罐区及支付MT**3

8.  Deal closed. 交易完成

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Buyer may also execute SPA, return same with payment instrument, even if with Block Funds. BUYER is willing to work with block funds since commodity is already in China.