We offer a large supply of Bonny Light Crude Oil from a credible and reliable supplier. We have the following CIF procedures: 23.1.0 Seller and Buyer shall execute the signed copies of this contract agreement by secured email AND/OR Facsimile transmission. Emailed secured copies AND/OR Facsimile transmissions shall be deemed as originals, bearing the same force and function. Buyer and Seller will lodge the Agreement with their respective banks.
23.1.1 Within 3 working days of executed contract and consequently each month, Buyers bank shall swift to Seller’s bank a Letter of Undertaking quoting the contract codes and confirming the contract agreement (signed by the Buyer) is lodged with the bank and shall state their readiness to issue a fully operative LC within (5) banking days after receiving and confirming the 2% Performance Bond; it shall also be stated that failure by the buyer to issue an LC within the period shall unconditionally warrant the Buyer
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