International Trading, Energy Supply & Commodities/Non-binding SCO offers

Glossary

Trading glossary

The acronyms used in offers, contracts and procedures.

SPA
Sales & Purchase Agreement
CI
Commercial Invoice
POF
Proof of Funds
PPOP
Partial Proof of Product
POP
Proof of Product
LC / SBLC
Letter of Credit / Standby LC
BG
Bank Guarantee
BPU
Bank Payment Undertaking
ICPO
Irrevocable Corporate Purchase Order
CIS/KYC
Client Information Sheet / Know Your Customer
ATV
Authorization to Verify
IPA
Injection Programming Agreement
DIP
Independent Dip Test
LOI
Letter of Intent
FCO
Full Corporate Offer
BCL
Bank Comfort Letter

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