Commodity Finance Service
1. You have a buyer who you want to supply any goods that you deal in.
2. You have a seller who wants to be paid before he supplies you, or your buyer with the goods
3. Your buyer can issue you with a DLC or SBLC but your supplier requires MT-103 or TT payment upfront.
2. You have a seller who wants to be paid before he supplies you, or your buyer with the goods
3. Your buyer can issue you with a DLC or SBLC but your supplier requires MT-103 or TT payment upfront.
Then this is how my funder works
Step 1. You have issued your buyer with a contract to buy goods with your profit margin added to the price supplier supplies to you
Step 2. You cannot afford to pay the supplier before delivery, and you do no want your buyer to issue a DLC or SBLC to your supplier, as he will then know who your supplier is and also know you profit and margin profit mark up price to your buyer.
Step 3. You buyer instead of he issuing you a DLC or SBLC, for the first shipment of goods you do an agreement with the funder to share he profits and the funder discounts the buyer DLC ,and funder gets the DLC issued to him as your funder and does a back to back payment to your supplier.
Step 4. Goods are shipped to your buyer, and buyer makes a payment by either TT or Mt103 on delivery within 5 days.
Step 5. Buyers DLC becomes a revolving DLC for next shipment known as a (RDLC).
Step 6. On delivery of the product, you and funder get paid . You both share the agreed profits and now you can repeat this process until your full contract is shiped to your buyer. For example in a 12 month contract, funder can if you want fund each shipment and share the profits with you.
Step 7. This procedure and use of funder buying power allows you to make a profit without having to use your own fund or lack of funds
Step 8. This procedure can be used to buy and sell any product not just oil.
Step 2. You cannot afford to pay the supplier before delivery, and you do no want your buyer to issue a DLC or SBLC to your supplier, as he will then know who your supplier is and also know you profit and margin profit mark up price to your buyer.
Step 3. You buyer instead of he issuing you a DLC or SBLC, for the first shipment of goods you do an agreement with the funder to share he profits and the funder discounts the buyer DLC ,and funder gets the DLC issued to him as your funder and does a back to back payment to your supplier.
Step 4. Goods are shipped to your buyer, and buyer makes a payment by either TT or Mt103 on delivery within 5 days.
Step 5. Buyers DLC becomes a revolving DLC for next shipment known as a (RDLC).
Step 6. On delivery of the product, you and funder get paid . You both share the agreed profits and now you can repeat this process until your full contract is shiped to your buyer. For example in a 12 month contract, funder can if you want fund each shipment and share the profits with you.
Step 7. This procedure and use of funder buying power allows you to make a profit without having to use your own fund or lack of funds
Step 8. This procedure can be used to buy and sell any product not just oil.