Crude Oil
Post 1 of 4
Why buyers are reluctant to work with SBLC as payment instrumen? I have a real offer for BLCO on CIF terms but all buyers want to issue only DLC and refuse to commit themselves to SBLCI even when their instrument is activated by a 2% prime bank Performance Bond.
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21 Aug 2008 07:47
Post 2 of 4
Quoting from [sismeo2008]:
Why buyers are reluctant to work with SBLC as payment instrumen? I have a real offer for BLCO on CIF terms but all buyers want to issue only DLC and refuse to commit themselves to SBLCI even when their instrument is activated by a 2% prime bank Performance Bond.
what is this ?
21 Aug 2008 23:23
Post 3 of 4
Quoting from [sismeo2008]:
Why buyers are reluctant to work with SBLC as payment instrumen? I have a real offer for BLCO on CIF terms but all buyers want to issue only DLC and refuse to commit themselves to SBLCI even when their instrument is activated by a 2% prime bank Performance Bond.
Sorry I was talking of SBLC. Buyers do not want SBLC as payment instrument only DLC. My question is Why???
22 Aug 2008 03:50
Post 4 of 4
Quoting from [sismeo2008]:SBLC is like BG.The buyer block his money, covering 1 month's value of the contract.This is the reason why no one accept SBLC
Why buyers are reluctant to work with SBLC as payment instrumen? I have a real offer for BLCO on CIF terms but all buyers want to issue only DLC and refuse to commit themselves to SBLCI even when their instrument is activated by a 2% prime bank Performance Bond.
24 Aug 2008 04:16
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