Palm Oil Crude (CPO)
Direct Buyers and Their Legal Representatives / Mandates Only.
Please be sure to include in your inquiry if you are a broker or direct buyer.
Include your target price in your inquiry and commission if any.
IF WE FEEL YOUR INQUIRY IS NOT SERIOUS WE WILL NOT RESPOND, PLEASE BE SPECIFIC.
US Calls (866) 429-0642
International Calls 011-734-6220450
Palm oil is a form of edible vegetable oil obtained from the fruit of the Oil palm tree. The oil palm is a tropical palm tree originally from West Africa. Palm kernel oil made from the seeds is used as cooking oil, to make margarine and is a component of some processed foods. Palm oil is high in olefins, a potentially valuable chemical group that can be processed into many non-food products as well.
PURCHASE TRANSACTION PROCEDURES: 1. Buyer submits a valid and completed Letter of Intent (LOI) and Bank Comfort Letter (BCL) or Irrevocable Corporate Purchase Order (ICPO) ,
2. Seller issues the Full Corporate Offer (FCO) or / and Draft Contract (DC) with full banking Details,
3. Buyer accepts and agrees the terms and conditions of the FCO or / and DC by counter signature & Companies stamp and sending it to the seller,
4. Signed FCO or / and DC sent via fax or e-mail that will be deemed as original and valid,
5. Hard copies of the Contract to be issued by the seller and exchanged with the buyer,
6. Buyer signs / stamps all the copies and return 2 (two) hard copies of the Contract to the seller,
7. Seller and buyer will lodge the hard copies of the Contract with their respective banks,
8. The buyer bank provides Proof of Funds (POF) to the seller S bank. The POF is the operative or Non-operative L/ C,
9. Seller will provide the Proof of Product (POP) bank to bank. The prime banks only supply the POP After the L/ C has been established,
10. Buyer will present pre-advised L/ C to be approved by seller's bank,
11. Seller will issue 2% Performance Bond (PB) to activate the L/ C,
12. Delivery and shipment commence as per Contract.
* COMMISSION WILL BE NEGOTIATED.
Sales Terms & Specifications:
|Price Terms||FOB / CIF / EXW(Factory Price)|
|Terms Of Payment||T/T, Western Union, PayPal, L/C at sight|
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