Falcon Crest Inc.  

Our Procedures:
1.SELLER ISSUES TO THE BUYER FCO/DRAFT CONTRACT.
2.BUYER ISSUES TO THE SELLER LOI.
3.ACCEPTANCE.BUYER/SELLER INITIAL THE CONTRACT.
4.BUYER CONFIRM FUNDS TO THE SELLERS BANK.
5.SELLER ISSUES TO THE BUYER BANK FOR THE BENEFIT OF
THE BUYER 2PCT.PB.
6.BUYERS BANK ISSUES TO THE SELLERS BANK FOR THE
BENEFIT OF THE SELLER THE LETTER OF CREDIT.
7.EXACTLY SEVEN DAYS AFTER THE CONFIRMATION OF THE
BUYERS LC,SELLER SHALL FURNISH BUYER WITH LAY CAN
DATE,TANKER LOADING APPROVAL,REASSIGNMENT OF THE CARGO
IN THE BUYERS NAME AS WELL AS CHARTER PARTY/VESSEL
DETAILS.
8.LOADING WILL TAKE PLACE 14 DAYS AFTER THE LAYCAN
DATE IS ISSUED.
9.DELIVERY WILL NOT TAKE LATER THAN 21 DAYS AFTER THE
LOADING.