jp 54 jet fuel min quantity: 15, 000 bbls/month max quantity: 10, 000, 000 bbls/month cif price per bbls: gross $ 59.00 usd / net $ 49.00 usd on cif / aswp basic procedures for products being sold on a cif basis: 1. buyer confirms soft offer and issues an icpo and bcl with right for soft probe. 2. loi/icpo must be made out to seller. 3. seller issues fco of which buyer endorses and returns. 4. seller issues draft contract open for amendments. 5. both parties confirm draft contract by endorsing it. 6. both parties lodge contracts in respective banks, buyerã¢ï¿½ï¿½s bank send preã¢ï¿½ï¿½advice to sellers bank to start the bank to bank process. 7. buyer's bank and sellerã¢ï¿½ï¿½s bank finalize the bank to bank process. 8. buyer's bank makes payment as per the signed contract. 9. delivery commence basic procedures for products being sold on a fob basis: 1. buyer confirms soft offer and issues an icpo, bcl with right for soft probe. 2. loi/icpo must be made out to seller. 3. seller issues fco of which buyer endorses and returns. 4. seller issues draft contract open for amendments. 5. buyer returns signed draft contract. 6. buyer's makes payment by irrevocable, swift wire transfer via mt 103 worth the shipment total value to while simultaneously, transfer ownership certificates to buyer 7. delivery commence