TRANSACTION: CIF
INSTRUMENT: SBLC/ BLOCKED FUNDS
DISCOUNT: $12/4
PROCEDURE FOR CIF TO U.S, EUROPE/CHINA
1: Buyer sign Contract and Return with ATB/NOR Formats with the CIS/KYC, Certificate of incorporation and data page of Buyer international Passport.
2: Seller acknowledge the signed contract and also provides the Fiduciary details to receive buyer instrument.Also to be included are the CIS /KYC Certificate of the incorporation and data page of the seller international Passport.Seller also release vessel details for Tracking and confirm.
3: Buyer place SBLC MT 760 Blocked by swift Funds of full value of Cargo for 366 days from a prime Bank
4: Vessel issues Notice of Readiness to Buyer and ETA.Buyer acknowledge NOR/ ETA.
5: Vessel sails to Port of Discharge and informs Buyer to clear her in for Q&Q.
6: After positive Q&Q result, Buyer pays within 72hrs and Vessel discharge into tank farm and Sails.
7: All documents are transferred to the buyer and 12-months Contract is signed
Comments
Dear sir,
My name rango from HK, looking for blco.
Looking for cif china