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Purchase Transation Procedures

  • LOI must be not older than 3 work days, addressed to Oceanic Resources Group Limited.
  • LOI must contain specs, target price, payment instruments.
  • LOI must contain shipment destination (destination must be non-embargo ports).
  • BCL must indicate an available value at buyer's account as necessary to complete the required deal.
  • Enquiries without LOI and BCL annexed will not be formally responded too.
  • Buyer's bank must be top 50 European or American, otherwise top 25 confirming bank will be provided.
  • SBLC pricing stands for the entire contract value.
  • FFDLC pricing stands for the entire contract value.
  • DLC pricing stands for monthly shipments value.
  • LC revolving per each shipment will not be acceptable.
  • Only transferable L/C will be acceptable. Non-transferable L/C are not negotiatable.
  • 2% PB will turn the L/C operative - never the other value/way.
  • No past SGS/BL and/or samples will be provided.
  • No visits at refineries/silos/producers will be approved, except on loading time.
  • For shipments quantity less than 12,500MT upon FOB basis only.


We are sellers and occasionally due to restrictions put by our insurers we act as facilitators in front of other fellow sellers.




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