Our buyer is ready to issue the LOI. The end buyer is a large well-known energy company. They are willing to send LOI with BCL or Bank Pre Advice letter of Credit with company license and passport. However we have a few challenges being:
1. They would like the transaction invoicing and payment thru a reputable company out of Dubai.
2. They will issue LC in advance and payment on sight… They will NOT issue ICPO.
3. The quantities can be from several hundred thousand MT to MM MT per month.
4. Prices must be quoted in Aramco CP.
We want to deal with the direct seller only or those who are direct to the seller.
Please note no other procedure will be accepted by our buyer.