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Depending in the product of
your interest, each manufacturer has their
own procedures and sometimes dificult to
change. Some of the most common payment
methods are:
Bank Guarantee (BG)
SBLC – Stand By Letter of
Credit
FFDLC – Fully Funded
Documentary Letter of Credit
T/T – Cash Wire Transfer
All L/C’s should be
Transferable, Divisible, Irrevocable and
confirmed by a Prime Top 50 World Bank
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The prices for each product are
handled differently from suppliers. In the case of
Petroleum Derivatives, prices are baed on Platt; the
price of cement is based on current supply and
demand as well as scrap metal and used rails. Coffe
and Sugar are based on Daily Stock Market prices and
vary as well depending on harvest season. Gold is
based as well with the LMSE and discounts will
depend on type gold required. |
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"Remember that all bank
instrument must be signed by Buyer, Buyer
Mandate or by Authorized Legal Counsel."
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