Sunflower Oil

Procedures
 
1. Full LOI with full banking and soft probe authorization
2. Draft contract
3. After signing of draft contract, seller will counter sign and seal.
4. Buyer will seat L/C with seller's bank
5. Seller will issue Non- operative PB
6. After Non -Operative PB is seated in the buyers confirming bank USA, Sellers bank will open the L/C, and seller will then seat in his bank an SBLC in favour of the buyer, for their PB money.
7. At the end of the contract. After the Non-PB has expired, the seller will swift to the buyer, the SBLC, for the return of the PB money.
8. Seller shall provide satisfactory POP (Proof of Product), which shall consist of the Good's Producer confirming the allocation of said product and quantity, which is existing in the name of Seller.

NAME OF PRODUCT: Sunflower Oil
> ORIGIN: Sellers Option
> QUANTITY: 50, 000 MT p +/- 5%.
> (50, 000 mt per month 1 month)
> CONTRACT LENGTH: spot
> PRICE: $1500 Fixed Price USD per MT
> DESTINATION: CIF To be Determined
> SPECIFICATION: Human consumption
> PACKAGING: 1 Lit. PET Bottles
> PAYMENT PROCEDURES: Documentary Letter of Credit
> INSPECTION:  (SGS Group)
> BANK: Top 25 bank

We own the contracts from this supplier, so there will not be any other agents or brokers involved when buying.