Procedures:
In order to better serve you we request as LOI (letter of intent)
From the direct buyer, on buyer letterhead, we need the following to enable us to quote you a firm price.

Specification of product required:
Volume of order.:
Packing in bags or bulk:
Target price:
Shipping details:
Discharge rate, destination port:
Exact type of financial instrument (Stand by L/C, bank Guarantee, fully funded DLC)

Full banking co-ordinates including account number, contact name at bank, confirming bank name and address if bank issuing is LC is not a not a prime bank.. Name of authorized contract signatory and commissions needed, we will sign your NCND agreement if required.

Kindly fax a complete LOI on buyers stationary to us and also a BLC ( Bank comfort letter or bank Recommendation letter ) on banks stationary will help us give best prices , upon receipt , we will expedite the transaction in the most courteous and professional way.

Experience is the secret of purchasing commodities at far bellow world market prices.

In General the steps are as follows

1) Buyer submits Letter of Intent (LOI) and Bank Comfort Letter (BCL)
2) Seller issues the FCO.
3) Buyer accepts and agrees the terms and conditions of the FCO by counter signature & companies seal and returning it to the seller.
4) Seller issues draft contract with full banking. Draft Contract shall be signed by both parties and sent via fax that will be deemed as original and valid.
5) Hard copies of the Contract to be issued by the Seller, signed and exchanged with the Buyer.
6) Seller and Buyer will lodge the hard copies of the Contract with their respective banks.
7) The Buyer bank provides Proof of Funds to the seller’s bank. The Proof Funds is the operative or non-operative LC
8) Seller will provide the Proof of Product Bank to Bank. The prime banks only supply the POP after the LC has been established. Some US banks have already implemented it while others are considering it. Please do note that some banks do not offer POP service and it is a lawyer who will do it.
9) Buyer will present pre-advised L/C to be approved by Seller's Bank.
10) Seller will issue 2% Performance Bond to activate the Letter of Credit.
11) Delivery and shipment commence as per Contract

LOI must be fresh dated, not older than 5 days.
LOI without target price will not be responded.
BCL must indicate an available value at buyer’s account as necessary to complete the required deal.
Buyer’s bank must be top 100 – if not the confirming bank must be top 25.
Payment instrument must be issued / confirmed by a prime American / European bank.
SBLC pricing stands for the entire contract value.
FFDLC pricing stands for the entire contract value.
DLC pricing stands for monthly shipments value.
Non-transferable payment instrument will be extra charged with 7.00usd/mt.
2% PB will turn the L/C operative – no other value / way.
No past SGS/BL and/or samples will be provided.
No visits at refineries/silos/producers will be approved.
We do not participate in tenders.
We do not compete with pricing from suppliers who can not deliver !
Unless otherwise published – products are available at any quantity

(TOP 50 Banks: Bank Name - Country - Fiscal Year - Assets in $BILLIONS)
Citigroup - United States - 12/2002 - 1,097.19
Mizuho Holdings - Japan - 3/2003 - 1,029.69
UBS - Switzerland - 3/2003 - 851.69
Sumitomo Mitsui Banking Corporation - Japan 3/2003 - 826.60
Deutsche Bank - Germany - 3/2003 - 795.74
Mitsubishi Tokyo Financial Group - Japan - 3/2003 - 784.52
JPMorgan Chase - United States - 12/2002 - 758.80
ING Group - Netherlands - 12/2002 - 751.78
HSBC Holdings - United Kingdom - 12/2002 - 748.89
BNP Paribas - France - 12/2002 - 745.41
Bayerische Hypo und Vereinsbank - Germany - 3/2003 - 711.87
Credit Suisse - Switzerland - 12/2002 - 686.39
Royal Bank of Scotland - United Kingdom - 12/2002 - 649.38
UFJ Holdings - Japan - 3/2003 - 641.82
Barclays - United Kingdom - 12/2002 - 637.83
Bank of America - United States - 9/2002 - 621.76
ABN AMRO Holding - Netherlands - 3/2003 - 583.50
Crédit Agricole - France - 12/2002 - 530.71
Morgan Stanley - United States - 2/2003 - 529.50
Société Générale - France - 12/2002 - 526.04
Industrial & Commercial Bank of China - China - 12/2001 - 524.23
HBOS - United Kingdom 12/2002 - 512.15
Fortis - Belgium 12/2002 - 502.89
Merrill Lynch - United States - 3/2003 - 447.93
Commerzbank - Germany - 3/2003 - 442.66
Bank of China - China - 12/2002 - 434.19
Dresdner Bank - Germany - 12/2002 - 433.81
Norinchukin Bank - Japan - 3/2002 - 431.00
Rabobank - Netherlands - 12/2002 - 393.24
Groupe Caisse d'Epargne - France - 12/2002 - 374.79
Dexia - Belgium - 12/2002 - 368.03
Goldman Sachs - United States - 11/2002 - 355.57
Wells Fargo - United States - 12/2002 - 349.26
DZ Bank - Germany - 12/2002 - 348.47
Wachovia - United States - 12/2002 - 341.84
Resona Holdings - Japan - 3/2003 - 341.54
Santander Central Hispano - Spain - 12/2002 - 334.80
Lloyds TSB Group - United Kingdom - 12/2002 - 334.29
China Construction Bank - China - 12/2001 - 334.06
Landesbank Baden-Württemberg - Germany - 12/2002 - 327.69
Agricultural Bank of China - China - 12/2001 - 305.43
Banca Intesa - Italy - 3/2003 - 291.13
Banco Bilbao Vizcaya Argentaria - Spain - 12/2002 - 288.52
Abbey National - United Kingdom - 12/2002 - 284.11
Bank One - United States - 12/2002 - 277.38
Washington Mutual - United States - 12/2002 - 268.30
Almanij - Belgium - 12/2002 - 265.27
CDC Ixis - France - 12/2002 - 263.10
Kreditanstalt für Wiederaufbau - Germany - 12/2002 - 262.26