CIF (discount is $6/$4 to European destination and $5/$3 to U.S and $4/$2 to Asian destination) *1. Seller provides the Buyer with draft contract by e-mail. *2. After terms are agreed Seller signs and seals the contract and
dispatches to the Buyer in form of e-mail. *3. Buyer countersigns the contract and dispatches a duplicate copy to the Seller in form of e-mail. *4. Buyer and Seller deposit same at their respective Banks. *5. Seller sends Proof of product to Seller via email for buyer’s confirmation. *6. Buyer sends proof of fund (MT202 or MT760 or MT103) to seller's bank
*7. Seller sends a 2% operative performance bond to buyers bank
*8. Seller charters and load vessel and send the document to the buyer. *9. Buyer post by swift to sellers bank an operative, divisible, transferable confirmable DLC to sellers bank. 10. Buyer places payment order (LC) to all agents and brokers. 11. Seller deliver product to buyer safe port. We are regularly Selling: bonny light crude oil. We are regularly Buying: d2, jp54, mazut, urea.
BR.TradeHolding.com Tip: We always strongly recommend our members to strictly follow the traditional methods and rules of international trading before going into any deal with any party met over the internet. Such as getting prior company confirmation by phone, fax or by mail besides necessary cross checks done through the related local bodies like banks, chambers of commerce, related trade associations, etc. especially before realizing any money transaction.
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