Ronny Group

Company Description

Jet fuel JP54, D2 Diesel L-02-62
CIF Rotterdam Houston
PROCEDURES:
1) Buyer issues lrrevocable Corporate Purehase Order (ICPO) with full banking details and permission for Soft
Probe and NCNDIMFPA at the same time.
2) Seller issue Full Corporate Offer (FCO) for Buyer's review based on approval ofICPO and Soft Probe.
3) Buyer accepts FCO, confirmed by signature and seal on the FCO.
4) Seiler provides Draft Contract for evaluation.
5) Buyer and Seller sign NCND/MFP A.
6) Buyer and Seller sign Contract.
7) Seller issues Partial Proof of Product.
8) Buyer's Bank and Seller's Banks communicate and agree on the final wording of DLC.
9) Seller's Bank notifies the Buyer's Bank that they are ready to issue operative 2% PB and Proof ofProduct to
the Buyer's Bank.
10) Buyer's Bank confirms by Swift to the Seller's Bank readiness of opening DLC.
11) Buyer's Bank issues Pre-Advice ofDLC to Seller's Bank.
12) Seller's Bank issues operative 2% PB.
13) Seller's bank sends Full Proof ofProduct to Buyer's Bank (Bank to Bank).
14) Buyer's bank issues DLC, which activates the Performance Bond.
15) Shipment commences as per contract.
16) The contract commences