OTC OIL :: OFFICIAL TRADE CONSOLIDATED OIL LIMITED

Only listed agents are eligible to carry any document related to OTCOIL and its operations. Illegal usage of OTCOIL name, documents,pop, tanker receipts, FCO, SCO logo and seal will be prosecuted in the court of law.

PURCHASE PROCEDURES

IPP: Irrevocable purchase procedure

OTC OIL requires the following documentation irrevocably from all buyers/potential buyers.

Buyer provides
1. ICPO
2. Signed FCO
3. Signed SPA
4. Transferable LC
5. Loading Schedule

OTC Oil provides
1. FCO FUll credit offer
2. SPA contract draft
3. SPA signed contract
4. Full POP on buyers name upon receiving transferable letter of credit

Note: OTC does not have enough time to accomodate any other procedures, please do not try.