aprioripetroleum

FOB TRANSACTION READINESS

At APRIORI PETROLEUM, every transaction begins with clear commercial terms and an agreed procedure.

For FOB transactions, the initial process is structured as follows:

BUYER LOI
The Buyer submits an LOI indicating the product, required volume, loading port and preferred payment method.

SCO / FCO
Subject to product availability, the commercial offer is issued specifying the product, price, available volume, loading port, payment terms and transaction procedure.

BUYER | ICPO
Upon acceptance of the commercial terms, the Buyer submits an ICPO reflecting the agreed price, terms and transaction procedure.

COMMERCIAL INVOICE
The Commercial Invoice is issued on the agreed terms and executed by both parties.

From this point, the transaction proceeds in accordance with the procedure agreed and confirmed by the parties.

APRIORI PETROLEUM
Energy Beyond Borders
Baku, Azerbaijan | Dubai, UAE

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