Trade Lead Description:
50000 mton for sale at $590 per mton
CIF to Dubai port. Buyer sends LOI with banking (we will give you the details) Seller sends FCO to buyer together with bank RWA for presentation of commodity
Buyer sends approved FCO to seller together with bank RWD to prove buying capacity
Buyer and seller sign the contract, exchange of hard copies as usual
Seller issues a fully active two per cent performance bond of the monthly value
Payment can be done by MT 103 each month after verification of documents
Delivery as per the contract and schedule
With this system, everyone is guaranteed, POP is not a financial instrument, no one can use it on screen and it guarantees safety of payment, it also allows the realisation of various and many deals per month. Outside of these procedures, we cannot work with you.
Posted from Saudi Arabia - Ar Riyad on 15 November, 2007
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