Hello 1. POP shouldn't be actual POP Docs. The Seller can get a Letter of Confirmation from his or her Western Prime Bank Top 50 (No Local Africa, Asia, Middle East and Balkans Banks acceptable) by MT799 that the Product-BLCO exists under full banking responsibility. That will cover POP. This will be followed by 2%PB Non Operative Show More...
Hello 1. POP shouldn't be actual POP Docs. The Seller can get a Letter of Confirmation from his or her Western Prime Bank Top 50 (No Local Africa, Asia, Middle East and Balkans Banks acceptable) by MT799 that the Product-BLCO exists under full banking responsibility. That will cover POP. This will be followed by 2%PB Non Operative by MT799. Buyer's Operative IDLC will activate it. Then after IDLC is confirmed, Seller can load Vessel.2. My Buyer doesn't accept Fiduciary Account.3. Price: DTD Brent minus US$x Net not Gross. Seller pays Seller's side while Buyer pays Buyer's side on separate Pay Order.4. We work only with DLC (not BG, , Blocked Funds or any other). Remember PB and DLC serve only as security and will be called upon only at non-performance by either party. Actual payment is done by wire transfer after discharge and not by DLC. We pay for product once delivered into our storage tanks by MT103.5. Destination: CIF Rotterdam.6. Trial or Spot order: 2m bbls, if successful we proceed:- 2m bbls x 12 months; otherwise, call it a day.7. We accept and work with my Buyer's requirements and procedures ONLY. It is either YES or NO please, let's safe our both precious time. Best regards: Buyer's Bona Fide Agent