1. MIRZADA Petroleum Inc sends full corporate-offer (FCO)/Proforma Offer to Buyer
after receiving buyer’s intent to purchase product.
2. The buyer, accepts the FCO/Proforma Offer by sending acceptance letter using official
letter head.
3. MIRZADA sends draft SPA to be completed and mutually agreed by buyer and
MIRZADA.
4. Buyer issues irrevocable, documentary, transferable, letter of credit covering value of
product.
5. MIRZADA’s bank confirms acceptance of the above payment instrument issued by
buyer’s bank.
6. Within 24 hours of LC confirmation, MIRZADA makes finalises request delivery plan
with refinery.
7. Product is insured and paid for by either MIRZADA directly or by end Buyer (depends
on agreement with end buyer) upon confirmation of all shipment process.
8. Vessel arrives at buyer’s designated port of discharge and Q and Q is confirmed.
9. Final payment is drawn from the LC by MIRZADA in accordance to final invoice after
buyer has taken delivery of product.
Please note that offers are subject to the execution of the contract agreement setting out
further terms and conditions.