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non-operative 2% performance bond. 3. Buyer issue one month cargo value DL/C, activating seller performance bond. 4. The BG and DLC remain in force as guarantee for the length of the contract. 5. Payment cargo by cargo with MT703 (cash transfer) 6. Buyer pays commission to all intermediaries involved within 24 hours of cargo being paid. Contact us for SPA Template to ensure quick closure.
Related Keywords : BLCO, Bonny LightCategories : Energy, Crude Oil
New Zealand
interest in LPG, CIF China port, 12 monthly shipments of 20,000 MT. Also Buyer has interest in D2, CIF China port, 12 monthly shipments of 100,000 MT. Payment guarantee by DLC basis SWIFT 700 or 720, payment by TT after receipt and inspection of goods in China. Buyer requires 2% performance bond from Seller. Please indicate if the above if acceptable in general terms and we can discuss further.
China
PERFORMANCE BOND TO BUYER`S BANK. 7. WITHIN 10 (TEN) DAYS AFTER 2% PERFORMANCE BOND IS OPENED BY SELLER`S BANK, BUYER`S BANK OPENS AUTOMATICALLY RENEWABLE DLC TO SELLER`S BANK. 8. WITHIN 20 (TWENTY) DAYS AFTER OPENING THE BANK GUARANTEES, SELLER PREPARES THE SHIPMENT AND ARRANGES VESSEL`S LOADING AT BONNY TERMINALS, NIGERIA, WITH TWO MILLION BARRELS OF BONNY LIGHT CRUDE OIL AT SELLER`S EXPENSE,
Russia
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