1. Buyer
submits official, formal, corporate
(if applicable) Letter of Intent (LOI)
detailing the desired commodity, quantities,
quantities per shipment, type, exact
specifications (if known by buyer beforehand),
delivery terms, conditions, packaging
information, destination port,
**TARGET PRICE**,
payment type (and any & all other
details necessary to ensure prompt and
secure shipment & delivery to world
ports for import into a specific country
and / destination.)
2. Accompanying LOI must be AT LEAST
ONE FINANCIAL REFERENCE FROM AT LEAST
ONE TOP 50 BANK. We will accept SWIFT
bank message and/or a signed Official
Corporate Letter from a TOP BANK. We
will provide our bank details and SWIFT
CODE for any capable buyer who comes
forward with signed and sealed official
LOI from the company and / or individual
who is able to fund the purchase of
the desired physical commodity.
3. We will then give buyer a soft offer
of "THIS PRICE OR BETTER"
and/or "48-HOUR TIME LIMITED CIF
/QUOTE OF $XYZ PER METRIC TON DELIVERED
TO ??"
4. BUYER MUST THEN SIGN
PROFORMA INVOICE / SUPPLY CONTRACT FOR
IMPORT PURCHASE OF SUGAR, WHEAT, CORN,
SOYBEAN, RICE, ETC. FOR WHATEVER COMMODITY
YOU ARE SEEKING TO PURCHASE FOR IMPORT.
5. BUYER WILL ISSUE THE NECESSARY FINANCIAL
INSTRUMENT REQUIRED TO DO SUCH INT'L
IMPORT / EXPORT BUSINESS. ISSUED TO
B&G'S BANKS ARE ACCEPTABLE
FOR RECEIVING SUCH CONDITIONAL FINANCIAL
INSTRUMENTS.
6. B&G GROUP WILL FINANCE THE IMPORT
PURCHASE OF SUGAR, WHEAT, CORN, SOYBEAN,
RICE, ETC., ENABLE ITS WORLD EXPORT
AND DELIVERY TO ANY DESTINATION PORT,
FACTORY, OR ANY MUTUALLY AGREEABLE DESTINATION.
IF BUYER'S BANK IS OF HIGH-ENOUGH RATING,
AND IF BUYER'S STANDING WITH BANK IS
ACCEPTABLE ENOUGH, THEN WE CAN OFFER
DEFERRED L/Cs FOR QUALIFIED BUYERS OF
UP TO at 100% sight L/C.
7. Seller's POP exchanged bank-to-bank
(or via Seller's Attorney's Notarized
Letter) vs. buyer's POF (BCL).
8. Seller reviews Pre-Advise L/C text
and notifies buyer.
9. Buyer opens Non-Operative L/C in
seller's favor.
10. Seller posts PB immediately after
L/C is opened, activating buyer's L/C.
11. First shipment commences 21-45 days
after opening of buyer's financial instrument.
Any additional shipments to take place
at regular intervals, as per contract
schedule.
Top 50 World Banks 2008
(Rank: Bank Name - Country - Fiscal
Year - Assets in $MILLIONS)
1 (1) The Royal Bank of Scotland Group plc , Edinburgh , UK *3,782,880
2 (2) Deutsche Bank AG , Frankfurt am Main , Germany *2,953,727
3 (3) BNP Paribas SA , Paris , France *2,477,272
4 (4) Barclays PLC , London , UK *2,442,996
5 (5) Cr?dit Agricole SA , Paris , France *2,067,577
6 (6) UBS AG , Z?rich , Switzerland *2,007,224
7 (7) Soci?t? G?n?rale , Paris La D?fense , France *1,566,904
8 (8) ABN AMRO Holding NV , Amsterdam , Netherlands *1,498,849
9 (9) UniCredit SpA , Milan , Italy *1,493,799
10 (10) ING Bank NV , Amsterdam , Netherlands *1,453,382
11 (-) The Bank of Tokyo-Mitsubishi UFJ Ltd , Tokyo , Japan *1,400,605
12 (12) Banco Santander SA , Boadilla del Monte , Spain *1,334,671
13 (13) JPMorgan Chase Bank National Association,New York,USA *1,318,888
14 (14) Bank of America NA , Charlotte , USA *1,312,794
15 (15) Citibank NA , New York , USA *1,251,715
16 (21) HSBC Bank plc , London , UK *1,238,615
17 (16) Credit Suisse Group , Z?rich , Switzerland *1,201,802
18 (-) Bank of Scotland plc , Edinburgh , UK *1,201,497
19 (17) Fortis Bank SA/NV , Brussels , Belgium *1,121,656
20 (23) Sumitomo Mitsui Banking Corporation , Tokyo , Japan *1,089,483
21 (18) Industrial & Commercial Bank of China Ltd,Beijing,China * 962,031
22 (-) Calyon , Paris La D?fense , France * 938,491
23 (19) China Construction Bank Corporation , Beijing , China * 903,353
24 (24) Commerzbank AG , Frankfurt am Main , Germany * 901,278
25 (-) Caisse Nationale des Caisses d'Epargne,Paris,France * 879,317
26 (22) Intesa Sanpaolo SpA , Milan , Italy * 837,576
27 (26) Rabobank Nederland , Utrecht , Netherlands * 834,069
28 (31) Bank of China Limited , Beijing , China * 820,254
29 (-) Natixis , Paris , France * 760,241
30 (45) Banco Bilbao Vizcaya Argentaria SA , Madrid , Spain * 734,216
31 (27) Dresdner Bank Group , Frankfurt am Main , Germany * 731,300
32 (-) Mizuho Corporate Bank Ltd , Tokyo , Japan * 717,683
33 (29) Lloyds TSB Group plc , London , UK * 703,316
34 (30) Agricultural Bank of China , Beijing , China * 684,673
35 (41) Mizuho Bank Ltd , Tokyo , Japan * 683,342
36 (32) Danske Bank A/S , Copenhagen , Denmark * 656,758
37 (33) Wachovia Bank NA , Charlotte , USA * 653,269
38 (42) Landesbank Baden-W?rttemberg , Stuttgart , Germany * 648,281
39 (34) Royal Bank of Canada , Montr?al , Canada * 641,395
40 (39) National Westminster Bank Plc , London , UK * 621,580
41 (35) Bayerische Hypo-und Vereinsbank AG , Munich , Germany * 617,148
42 (48) Bayerische Landesbank , Munich , Germany * 607,659
43 (37) The Norinchukin Bank , Tokyo , Japan * 580,032
44 (38) DZ BANK AG Frankfurt am Main , Germany * 578,829
45 (51) Banque F?d?rative du Cr?dit Mutuel,Strasbourg,France * 578,814
46 (40) Nordea Group , Stockholm , Sweden * 568,792
47 (44) Kreditanstalt f?r Wiederaufbau,Frankfurt am Main,Germany * 550,290
48 (54) Bank for International Settlements,Basel,Switzerland * 510,901
49 (55) The Hongkong and Shanghai Banking Corp,Hong Kong * 506,828
50 (46) National Australia Bank Ltd , Melbourne , Australia * 499,676
* Figures are consolidated
* These bank rankings are compiled from balance sheet information included
on Bankersalmanac.com available at 29 October 2008.
SUMMARY OF PROCEDURES
1.) Letter of Intent
2.) Full Corporate Offer
3.) Bank Comfort Letter (Proof of
Funds)... Letter of Credit
4.) Proof of Product(Bank to Bank)
5 .) Performance Bond
PLEASE NOTE: Financial information
must be consistent with issuer of
the LOI information.
Only Buyers and/or their Authorized-with-Signature,
Power-of-Attorney Mandates are authorized
to issue LOI + BCL and sign all necessary
documents including Contract + opening
of L/C in Seller's Favor.
We do not accept LOIs issued by agents
or brokers "on behalf of buyer".
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