Payment Options

Below are detailed payment options which you may choose from when submitting your LOI (Letter Of Intent).

BG 100% Payable Instrument – A Bank Guarantee which is irrevocable, transferable, and confirmed, covers the cost of the entire order, is payable in its entirety on sight with the presentation of shipping documents, and is issued by or guaranteed by a major world bank.

FFSBLC – Fully Funded Standy By Letter of Credit which is irrevocable, transferable, and confirmed, covers the cost of the entire order, is payable in its entirety on sight with the presentation of shipping documents, and is issued by or guaranteed by a major world bank.

FFRDLC – Fully Funded Revolving Documentary Letter of Credit. As with the other forms of payment, this should be irevocable, transferable, and confirmed. It should also be payable on sight at the presentation of shipping documents, and issued or guaranteed by a major world bank. FFRDLCs should cover the cost of the shipment, and should revolve for the length of the contract, however long that may be. You may elect to have monthly shipments, quarterly shipments, or shipments at some other time interval of your choosing. A BG (Bank Guarantee) may also be requested to ensure that the entire contract is fufiled.

TT/SWIFT – Telegraphic Transfer. You may also make payment for the entire amount via telegraphic transfer.

SWIFT MT103.23 – An irrevocable SWIFT payment instruction.