SINCE 2009

COMMODITY

SPECIALISTS

IT IS VERY IMPORTANT THAT BOTH PARTIES UNDERSTANDS THE IMPORTANCE OF THE TYPE OF LETTER OF CREDIT TO USE AND WHY.

OPTION #1

STANDBY LETTER OF CREDIT (SBLC) VIA MT103

STANDBY LETTER OF CREDIT (SBLC) IN THE VALUE OF ONE SHIPMENT AS A BANK GUARANTEE, IRREVOCABLE, CONFIRMED, REVOLVING FOR THE CONTRACT TERM WRITTEN IN THE CONTRACT.  EACH MONTH PAYMENT IS PAYABLE AT SIGHT BY MT103, AGAINST ALL SHIPPING DOCUMENTS, SELLER COMMERCIAL INVOICE AND SGS DOCUMENTS.

OPTION #2

2. STANDBY LETTER OF CREDIT (SBLC) VIA MT760

STANDBY LETTER OF CREDIT (SBLC) IN THE VALUE OF TWO MONTHS SHIPMENT VALUE, AS A BANK GUARANTEE, IRREVOCABLE, CONFIRMED, REVOLVING, DIVISIBLE, TRANSFERABLE, OPERATIVE, FUNDED FOR THE CONTRACT TERM.  EACH MONTH SHIPMENT IS PAYABLE AT SIGHT, AGAINST ALL SHIPPING DOCUMENTS, SELLER COMMERCIAL INVOICE AND SGS DOCUMENTS.

OPTION #3

3. DOCUMENTARY LETTER OF CREDIT (DLC)

DOCUMENTARY LETTER OF CREDIT (DLC) IN THE VALUE OF ONE SHIPMENT AS A BANK GUARANTEE, IRREVOCABLE, CONFIRMED, REVOLVING FOR THE CONTRACT TERM WRITTEN IN THE CONTRACT.  EACH MONTH PAYMENT IS PAYABLE AT SIGHT BY MT103 OR TT TRANSFER WITHIN FIVE (5) DAYS AT LOADING PORT, AGAINST ALL SHIPPING DOCUMENTS, SELLER COMMERCIAL INVOICE AND SGS DOCUMENTS.

OPTION #4

4. DOCUMENTARY LETTER OF CREDIT (DLC)

DOCUMENTARY LETTER OF CREDIT (DLC) IN THE VALUE OF TWELVE SHIPMENT VALUES, IRREVOCABLE, CONFIRMED, FOR THE CONTRACT TERM WRITTEN IN THE CONTRACT.  EACH MONTH SHIPMENT IS PAYABLE AT SIGHT WITHIN FIVE (5) DAYS AT LOADING PORT, AGAINST ALL SHIPPING DOCUMENTS, SELLER'S COMMERCIAL INVOICE AND SGS DOCUMENTS.

THE ABOVE ARE EXAMPLES ONLY, THERE ARE MANY WAYS TO MAKE PAYMENT THAT ARE AGREEABLE TO BUYER AND SELLER.