Dear Sirs, we are a crude oil seller from NNPC Petroleum Corporation, Nigeria, asking for advice that your Chinese refineries and trading companies have trouble issuing a guaranteed to pay for crude oil and - it is problem, as a seller, we have a huge cost of delivering crude oil to Chinese ports and ask the buyer to issue a guarantee from the buyer's bank in the form of a and the buyer will pay for the goods at the port of arrival after unloading and after inspection of quality and quantity. This is a global practice and procedure, but your customers claim that banks cannot issue financial instruments, even if the client has finances. Please check in our draft contract procedure and financial obligations of both parties and issue your advice and give your opinion on these terms. Or we ask you to inform you what a reliable your bank can offer as a guarantee of payment from your customers. You can adjust the transaction procedure and it will be a professional decision. We hope that your professional banking officers will issue a professional response for business development between our company and your customers. -- Yours Sincerely, - Mikhailov Aleksandr,att. project contract/ GABRICH Crude Oil Sale Representative, Tel/Mob:
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