Hello everyone,
At the moment, i'm in final stage of concluding the purchases of UREA 46 from Brazil.
We have already signed the contract with the Brazillian supplier for 500MT UREA 46% of Brazillian Origin. Priced around USD300/MT CIF Asean port.
However at the last moment before issuing the L/C the supplier insisted that i issue them the L/C with RED CLAUSE 35% advances. I don't feel comfortable because with Confirmed Irrevocable L/C 100% At Sight, i think is Fair enough for both buyer & seller....As this is the first trial business...
Anyone with experiences in trading UREA pls give your advices.
Quoting from [Carlos rodriguez]:Hello everyone,
At the moment, i'm in final stage of concluding the purchases of UREA 46 from Brazil.
We have already signed the contract with the Brazillian supplier for 500MT UREA 46% of Brazillian Origin. Priced around USD300/MT CIF Asean port.
However at the last moment before issuing the L/C the supplier insisted that i issue them the L/C with RED CLAUSE 35% advances. I don't feel comfortable because with Confirmed Irrevocable L/C 100% At Sight, i think is Fair enough for both buyer & seller....As this is the first trial business...
Anyone with experiences in trading UREA pls give your advices.
The only thing i can tell you.. i never found so many fraud UREA offers like on this page. A real seller never ask for prepay or other . Dont trust this offers!!!
conquest
Thanks for your advice... I think this Brazilian 'PUTANG' is a SCAMMER... he is not really a honest business man.. As for me, i've never asked for any advance payment from my buyers.. Everyone pls be carefull because in this site UREA trader 99% of them are scammer..
