Trade Lead Description:
1. B/L Buyer.
This buyer does not care about the POP. He would make CASH PAYMENT after the seller provides Bill of Lading. This buyer would issue bank to bank SWIFT MT799, after contract signing. The requirement is, seller Performance Bond should be 5%, instead of standard 2%. This buyer could take M100/75 and/or M100/99. But sulfur content should be 0.5%, as required by PRC government.
2. POP buyer.
Contrary to the 1st order. This buyer want to SEE the POP before signing contract and issue any bank to bank SWIFT to seller. POP need not be given to the buyer or SINOPEC. Just hand carry the POP to SINOPEC HQ Office for inspection, then verification.
Both buyer would accept Monthly shipment 100,000 MT, 200,000 MT up to 500,000 MT for 12 months contract.
Posted from US - Nevada on 11 September, 2008
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