When specifying payment choice, please be clear and completely define the payment instrument as presented in the following examples below:
By irrevocable, transferable and confirmed (conditional or unconditional, as per contract terms) Bank Guarantee (BG), in the total amount of the contract (100%) or in the agreed amount as per contract, issued or guaranteed by one of the top 25 world banks, 100% payable at sight, at the Seller's Bank, against presentation of shipping and/or other contract documents.
By irrevocable, transferable and confirmed Fully Funded Stand by Letter of Credit (FFSBLC), in the total amount of the contract, issued or guaranteed by one of the top 25 world bank's 100% payable at sight, at the Seller's Bank, against presentation of shipping documents, as per contract.
By irrevocable, transferable, divisible and confirmed Fully Funded Stand-By Letter of Credit (FFSBLC), in the total amount of the contract (100%) or in the agreed amount, as per contract, issued or guaranteed by one of the top 25 world bank's 100% payable at sight, at the Seller's Bank, against presentation of shipping and/or other contract documents.
By irrevocable, transferable, divisible and confirmed Fully Funded Revolving Documentary Letter of Credit (FFRDLC), issued or guaranteed by one of the top 25 world banks, in the amount corresponding to the monthly shipment, revolving the number of months specified in contract, payable at sight, at the Seller's Bank, against presentation of shipping and/or other contract documents. The Seller may require a guarantee for securing the Buyer's commitment in fulfilling the contract which can be represented by a Bank Guarantee (BG) or a Stand-By Letter of Credit (SBLC). In case no guarantee is required by the Seller, the price of the commodity is normally much higher.
By direct funds transfer via Bank T/T (KTT or SWIFT) in the amount corresponding to the monthly shipment, from one of the top 25 world banks, 100% payable at sight, at the Seller's Bank, against presentation of shipping and/or other contract documents. The Seller may require a guarantee for securing the Buyer's commitment in fulfilling the contract which can be represented by a Bank Guarantee (BG) or a Stand-By Letter of Credit (SBLC).
By irrevocable and conditional SWIFT payment instrument, 100% payable at sight, at the Seller's Bank, against presentation of shipping and/or other contract documents or Commercial Invoice.
Please specify completely even if using direct deposit, Bank T/T, or other SWIFT transactions as payment instruments.