LOI, SCO, FCO, ICPO, RWA, BCL, POP, POF…
Such lingo has gone viral!
If you’re dealing with or communicating in such a language, I appeal to you to run as far away as possible!
What you’re immersing yourself in is a chain of complete time wasting where no real business ever, ever gets done. Not at least in the real world of physical commodity trading. No oil or commodity is sold or bought in such a manner in real life. Producers and End-Users never converse in such terminology. You will only find yourself chasing rainbows at the end of the day.
Policing fraudulent physical petroleum transactions across the globe, they are all over the net.
