what is PB?
Post 1 of 3
Sellers/suppliers keep mentioning "PB 2%"
what is this?
what is this?
30 Sep 2006 22:08
Post 2 of 3
Replying To [RookieTrader]:Once again, this usually comes into play when dealing with large volume commodities like iron ore or coal etc. If the Seller goves a 2% P.B., (Performance Bond), it means that the Seller is willing to issue a 2% (of the total value of the shipment) guarantee to the Buyer's Bank to show that he has the intention to supply and that he is genuine.
Sellers/suppliers keep mentioning "PB 2%"
what is this?
01 Oct 2006 06:58
Post 3 of 3
Replying to [grigo]:
As usual very informative inputs . hats on for you
As usual very informative inputs . hats on for you
01 Oct 2006 10:28
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