BLCO NEEDED
Real sellers or mandate ONLY or next to Seller should contact me No long chain
We only consider a seller real if he is able to back up his product with his performance bond 1st.
Please note that Seller's Non-Operative 2% Performance Bond will become active only after Buyer issues the DLC
2% PB BOND NEEDED ALTERNATIVELY $100, 000 CASH BOND FOR TTO / CIF, & $200. 000 FOR TTT
Buyer does not provide BPU, MT799, MT760, BG, POF, Pre-advice, BCL, etc. 1st.
Quantity: Two (2) Million Barrels to Four (4) Million Barrels
Delivery: We only deal on CIF/TTO/TTT basis in that order of preference
No long chain Real sellers or mandate ONLY or next to Seller
Buyer's side should should be clear of any names - Buyer determines who gets paid on Buyer's side
Buyer will provide any information or document required before seller's loaded vessel leaves Bonny terminal. However, Buyer not provide any document prior to Seller posting the required 2% PB with Buyer's Bank.
After Seller has posted the PB, not only will Buyer provide CPA, Buyer's Bank, JP Morgan Chase will immediately issue an "DLC" IRREVOCABLE OPERATIVE Letter of Credit in the full amount of the contract to Seller's Bank.