- Company Name : KK Petroleum Enterprise ( M ) Sdn. Bhd
- About Us : <br> <br>Procedures: <br />1. Buyer issues Letter of Intent (LOI) to Seller, KK Petroleum Enterprise (M) Sdn Bhd. <br />2. Seller, KK Petroleum Enterprise (M) Sdn Bhd issues Soft Corporate Offer (SCO) to Buyer. <br />3. Buyer issues Irrevocable Corporate Purchase Order (ICPO). <br />4. The Seller, KK Petroleum Enterprise (M) Sdn Bhd issues Full Corporate Offer (FCO) to Buyer. <br />5. Buyer returns back FCO with sign and seal if accepted all the term and condition together with Draft Documentary Letter of Credit (DLC) format addressed to:- <br />KK PETROLEUM ENTERPRISE (M) SDN. BHD. <br />6. Seller, KK Petroleum Enterprise (M) Sdn Bhd sends the Draft Contract to Buyer. <br />7. Buyer returns back Draft Contract with initial sign after check and understand all terms and conditions contained in the contract. <br />8. Seller sends a Letter of Invitation to Buyer for the formal signing of the Contract .Seller and Buyer will sign a contract in the presence of their lawyers (if needed). HoKK Petroleum Enterprise ( M ) Sdn. Bhdver the contract signing also can be made through the electronic signing. <br />9. Both the Seller and Buyer will lodge the signed and sealed contract (SPA) at their respective bank. Seller issue the Pro-forma Invoice to Buyer. Then the Buyer?s bank will SWIFT NON OPERATIVE DLC to the Seller?s bank. <br />10. Within 3 Banking days after receipt the above documents, the Seller?s bank will issue the 2% Performance Bond (PB) to the Buyer?s bank to activate the DLC. <br /> <br />11. Within 3 working days, Seller will provide all other relevant documents (POP) from PETRONAS DAGANGAN BERHAD pertaining to the transaction, i.e. Allocation Title, Confirmation of Cargo Readiness Letter (CCRL), Certificate of Origin, Storage Tank Receipt, Pro-Forma Invoice ?Act Of Transfer? and Dip-Test Authorization (DTA) to be send to the Buyer?s bank. <br /> <br />Notes that the name of buyer?s Marine Cargo will appears in the CN as consignee. <br /> <br />12. The laycan dates and laycan times will be confirmed by PETRONAS. <br /> <br />13. After receipt satisfactory Dip Test Analysis result<br><br>
- Product/Service : PETRONAS EURO 2M
- Category : Energy Products
- Contact Person : Chandran Erasan
- Link More : Malaysia Energy Products ,Malaysia Industrial Fuel
- Telephone :
- Fax :
- Address : Lot 11A, Jalan 6 / 1, Kawasan Perindustrian Sri Se Seri Kembangan, Selangor Selangor Darul Ehsan. 43300 Malaysia
- Business Type : Distributor/Wholesaler
