fego commodites

• Company Name : fego commodites
• About Us : <br> <br>PROCEDURES IN PURCHASING COMMODITIES <br />1. For us the fundamental approach in trying to assist the prospective buyers <br />is that fego commodites work with two important documents, viz the Letter Of Intent <br />(LOI) and a Bank?s Comfort Letter (BCL). <br />2. There are various reasons why the Mandate Holder and we chose <br />this Approach, the main being that we can quickly establish the financial <br />capacity of the buyer to transact, and as such the deal can be concluded <br />quickly without waste of time and resources. <br />3. Perhaps as an alternative to the above, where prospective buyers feel <br />uneasy about their information being given to Third Parties etc. is to submit <br />the LOI to us and the BCL to the buyer?s Attorney/s who can then <br />communicate with us in writing to the effect that he / she is holding such a <br />BCL in order to purchase a specific mine / commodity and that the BCL <br />shows sufficient funds to cover the transaction. Note that there is cost to <br />be borne by the buyer in this context. <br />4. This protocol to be followed is the simplest and most effective for us and <br />many others who follow it.<br><br>
• Product/Service : coal, iron ore
• Category : Energy Products
• Contact Person : zubair
• Link More : South Africa Energy Products ,
• Telephone :
• Fax :
• Address : 16 Lincoln Terrace Wesville durban kzn 3630 South Africa
• Business Type : Trading Company

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