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PROCEDURE WITH - RDLC /
SBLC / LPG / BG - ICC 458
1) The buyer's send Swift MT
799 or MT 700
(RDLC/BG/SBLC/LPG as per ICC
458) exactly as per our bank
format or possible with FF/
RDLC under Revolving Payment. 2) Then the Seller's start
verification and after
acceptance of the MT 799/MT
700, the process time frame of
the PB 2-4% and POP will be in
14 to 20 working days. 3) The seller's provides particle
POP but we will give them main
key of POP like Allocation
Numbers & Allocation Product
or Refinery Commitment for the
Product & Availability, and PB
4% (non operative). 4) Then The buyer's Re-Swift
Collateral Guarantee in the form
of RDLC/SBLC/LPG/BG ICC 458
format fully (Transferable &
Unconditional) through MT 760
or possible again MT 720 as an
Collateral Guarantee in this deal
or they can use BG or SBLC.
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