BLCO Available with 2% Upfront PB
Sir
Seller is able to offer BLCO on CIF basis with upfront PB with the following procedure.
Please advise asap if any interest.
Thanks
Batubo M
Houston TX 77082
CIF PROCEDURE: Discount 7/5
1. Seller's signed contract is dispatched to buyer.
2. Buyer returns the signed contract which will be deposited by both parties in their respective banks.
3. Seller’s fiduciary bank pre-advises buyer’s bank stating their readiness to post a 2% PB to be activated by buyer’s DLC
4. Buyer’s bank responds to seller’s bank stating readiness to receive and activate seller’s 2% PB with buyer’s DLC.
5. Seller’s fiduciary bank post a non-operative 2% PB for the first month’s volume.
6. Buyer’s bank swifts a DLC via MT700 to seller’s bank, which activates seller’s 2% PB
7. Upon receipt and verification of the buyer’s DLC, seller nominates and load a vessel in buyer’s name and forward details to the buyer.
8. Loaded vessel captain issues NOR/ETA to buyer’s POD. Buyer’s POD acknowledges the NOR / ETA
9. Vessel proceeds to buyer’s POD with periodic ETA
10. Upon arrival at buyer’s POD, captain issues ATB to buyer’s inspectors for Q&Q analysis
11. Q&Q analysis is performed by Buyer’s inspector and the report is presented to both buyer and seller
12. Seller issues a commercial invoice to the buyer and within 48 hours of Q&Q report, Buyer's bank
makes payment on out-turn barrels via MT103 for the full cargo value to seller's account, and simultaneously makes payment into all agent's / facilitator's accounts on the contract.
13. Vessel sails for next delivery
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- Publisher: Batubo
- Company Name: Guranteed Source Ltd
- Country: USA
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