We are into full time distribution of crude palm oil mostly from malaysia and indonesia. And to make co-operation more easier for our ciustomers, we accept an irrevocable, transferable l/c established by a well known international bank with differed or negotiated payment of up to 120days after receiving a " shipped on bpard" bill of lading.
This simply means, 25% of the total value of the l/c is acceptable every 30 days up to 120days.
Only in bulk vessels.
