All our offers are unique and we only send out protected documents. Any unauthorized change leads to immediate cancellation of our offer. Changed or sanitized documents without our contact data, letter heads or security attributes will not be honored and are not valid.
We only accept documents exchanged between the banks -secure and protected from fraud. Neither we nor our banks will ever send any POP before we have a guarantee from the Buyer in our bank. Our bank signs fully responsible for the product in place and our performance for the contract duration.
All documentation comes from our refineries, banks or other authorities; respectively SGS or the port authority for example. Documents outside these sources are not acceptable.
Buyer’s bank and Seller’s bank manage the process and sign responsible for the funds, product and performance of both sides. We only use well established and performing banks.
No Performance Bond will be offered. We offer penalties inside the SPA on both sides.
We only accept BG/SBLC by MT760 as collateral.
We never trade the Collateral Instruments. Guarantees from our customers are collateral for the trade operations and nothing else.