Buyer Process
SBLC, Letter of Credit, and Payment Instruments in Oil Trading
PetroIntermediation TeamBuyer Process Guides
Four instruments handle 95% of petroleum payments:
- MT103 — direct cash transfer, single shipments under $5M.
- MT700 — Documentary L/C, term contracts.
- SBLC (MT760) — Standby L/C as security, common for term deals.
- DLC at sight — Documentary L/C payable on document presentation.
Choose based on shipment size, frequency, and counterparty trust. Read more at petrointermediation.com.
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