Below you find the current D2 pricing and procedures.  
 
 
FOB Rotterdam  
 
$20.00 off of NWE Platts not including commission of $6.00. So $20/14 off.  
 
PROCEDURES  
 
BUYER ISSUES ICPO TO SELLER  
 
SELLER ISSUES DRAFT CONTRACT  
 
FINAL CONTRACT SIGNED BY BOTH BUYER AND SELLER, SELLER SENDS FINAL CONTRACT TO BUYER.  
 
BUYER'S BANK SENDS BCL or RWA TO SELLER'S BANK IN EXCHANGE FOR TSR (TANK STORAGE RECEIPTS). SELLER'S BANK ISSUES TANK RECEIPTS TO BUYER'S BANK.  
 
UPON CONFIRMATION OF TANK RECEIPTS, BUYER ISSUES CONDITIONAL MT103/23, OR RDLC.  
 
 
SELLER ISSUES FULL POP  
 
UPON CONFIRMATION OF FULL POP MT103/23 IS RELEASED ON A PER LIFT BASIS  
 
OWNERSHIP / TITLE DEED TRANSFER AND PAYMENT ARE EXCHANGED BANK TO BANK.  
 
THE TRANSACTION IS CONSUMMATED AS CONTRACTED.  
 
ICPO TO Oblation Inc  
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