Frequently Asked Questions (FAQ) 

  • We must receive a LOI + banking coordinates (or BCL) before we issue a FCO
     

  • LOI must contain full, verifiable contact and banking details of the buyer
     

  • LOI must be dated within 7 days. LOI older than 7 days will not be acceptable
     

  • LOI must contain target price
     

  • LOI must contain shipment destination. Destination must be a safe world port (SWP) and not sanctioned
     

  • LOI and BCL must be signed and sealed
     

  • BCL must be fresh dated. BCL older than 7 days will not be acceptable
     

  • Our suppliers does NOT ask for deposits or any funds “up front” 
     

Acceptable forms of Payment

  • 3 Month standby Letter of Credit (LC) and TTs
     

  • 1 Month standby Letter of Credit (LC) and monthly revolving LCs
     

  • Fully funded revolving standby Letter of Credit (LC) (For quantities less 1 million metric tons per annum)
     

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