This could be the script of any Hollywood blockbuster: The recent spat between Argentina and the UK over oil in theFalkland Islands. For, there is a conflict, two or more protagonists, oil, money and drama.
The diplomatic battle started hogging the headlines as Argentina began criticizing Britain for its plan to drill for oil and gas in the waters north of the Falkland Islands.
We have established a complete process over the years. And this process is designed to smooth the purchase and delivery of product and minimized possible delay. Therefore we insist on utilizing this process.
OTHER PROCEDURE CAN BE NEGOTIATED THIS DEPEND ON WHAT TYPE OF PRODUCT WE ARE ENGAGING IN AND THE DESTINATION PORT PLEASE CONTACT US FOR DETAILS.
1. BUYER PROVIDES LOI ON THEIR LETTERHEAD TOGETHER WITH FULL BANKING COORDINATES AND AGREES WITH THE RWA'S VERBIAGE 2. BUYER RECEIVES FCO/CONTRACT FROM SELLER 3.BUYER’S BANK SEND MT799/RWA/BCL TO SELLER’S BANK FOR POF) 4.SELLER PROVIDES SOFT/POP 5.BUYER’S BANK ISSUE NON OPERATIVE RDLC 6.SELLER’S BANK RESPOND WITH 2%PB WHICH RENDER BUYER RDLC OPERATIONAL SELLER PROVIDE THE FULL POP AND OTHER RELEVANT DOCUMENTS TO SELLER
7. WITHIN 24 HOURS OF SUCCESSFUL CONFIRMATION OF THE FULL POP DOCUMENTS, BUYER’S BANK RELEASES THE FUNDS AGAINST TITLE OF OWNERSHIP. PAYMENT SHALL BE UNBLOCKED, AND PAYMENT SHALL BE MADE TO SELLER’S DESIGNATED BANK ACCOUNT BY SWIFT WIRE TRANSFER.
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