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Showing posts with the label Oil & Gas Department

Petroleum Derivatives

 a) The buyer's company full banking details. b) The authorized signatory/officer's data page of his/her Passport. d) BCL (Proof of Funds) 2. The buyer signs all the brokers' rights in the NCNDA contract and submits it to the buyer's bank and notary public for approval and sends it to the seller. 3. The final seller signs the NCNDA with a seal and submits it to the seller's bank and the official documents office 4.Accepting the buyer's Irrevocable Corporate Purchase Order, the seller issues the Memorandum of Understanding for Title Take over (MOU) or Sales & Purchase Agreement (SPA) to be executed and returned by the buyer to proceed with the transaction 5. Upon receipt and verification of the countersigned Memorandum of Understanding, the seller will Immediately email the soft copy of the following Proof of Product (POP), issued in the name of the initialbuyer as stated below; a.Product Passport (Product Test Analysis Report). b.Certificate of Origin. c. Ta...