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Page added on April 5, 2017

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China Becomes Biggest US Oil Buyer

China’s imports of crude oil from the U.S. quadrupled in February vaulting the nation past Canada to the top of the list of American Oil Customers. Bloomberg’s Stephen Engle reports on “Bloomberg Markets.”



40 Comments on "China Becomes Biggest US Oil Buyer"

  1. rockman on Thu, 6th Apr 2017 12:32 am 

    And here comes from the US MSM just as certain as the sun rising tomorrow. Here’s an example of the bullsh*t put out in all its glory on Reuters:

    “Exclusive: China buys first U.S. crude cargo since end of export ban

    China’s state-run oil refiner Sinopec Corp has purchased its first ever batch of U.S. crude oil for export, a source told Reuters on Thursday, a landmark transaction after the ending of a four-decade ban on domestic exports.

    {As documented here many times there has never been an effective ban on exporting oil from the US. Since the so called oil export ban law passed by the US govt we’ve exported almost 1.5 BILLION bbls of oil. And that stat is from the same govt that passed the ban law.}

    “The cargo, due to be loaded from a Gulf Coast port in March, may mark the start of a sustained flow of U.S. oil to China, the world’s second-largest buyer, which is eager to diversify its energy sources. Unipec, its trading arm, also has the advantage of leased oil storage tanks in the Caribbean, which could allow it to blend U.S. shale with cheap, heavy Latin American crudes for a bespoke mix ideally suited to its plants back home.”

    {Once Canadian dilbit enters the US it can be bought by any US refinery or any oil blending company that’s free to mix it the specification of any foreign buyer and export it. IOW reporting that X millions bbls of oil have been EXPORTED FROM THE US is not the same as reporting that X millions bbls of oil PRODUCED IN THE US have been exported. IOW blended oil shipped from Cushing to Texas export terminals is neither US or Canadian oil: it is the composite of what was mixed in the storage tanks at Cushing.

    BTW even the original export ban law had a provision that did not ban to reexport oil imported into the country}

    “While the first unfettered exports of domestic crude have already set sail to Europe, those cargoes are generally seen as one-off shipments by companies eager to make a point after fighting for two years to end the ban.

    {There was no fight against a nonexistent ban before President Obama official set the ban law aside last January. In fact, US govt records show that more oil was exported prior to his lifting the “ban” in one year during President Obama’s term then under any other POTUS in history}

    “Based on current U.S. and world prices, the cargoes do not appear profitable, traders said.”

    {Of course, its common for oil buyers to be willing to buy tens of $millions of oil at a loss. LOL}

    “The source declined to comment on any further details of the transaction, including the variety of crude, price or supplier. A Sinopec Corp representative said the company does not comment on specific deals.”

    {IOW no indication if any of the oil exported came from wells in the US or even if the company selling the oil was US or Canadian}

    “But it carries symbolic significance as the United States enters a new era of free oil trade after Congress moved with surprising speed and success last month to scrap the longstanding ban on most overseas shipments.”

    {Zero symbolic significance since there has always been free trade of US produced oil.

    But there a much more significant stat this bullsh*t MSM spin completely ignores: many times the volume of refinery products made from US has been exported then the volume of raw crude. In fact during 2016, before the first bbl oil was exported to China the US exported 74 MILLION BBLS OF REFINERY PRODUCTS to China. IOW US motor fuel consumers have been directly competing on a price basis with Chinese consumers as well as those in other countries. According to the EIA in January US refineries cracked 16.4 million bbls. But of that total 4.8 million bbls were exported.

    https://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm

    IOW when you see reports that the US “consumed” X million bbls per day understand about 30% of that “consumption” was exported.

    BTW neither the Rockman nor any of his oil patch cohorts oppose the exports of the oil or refinery products. Any dynamic that increases the prices to US consumers is A-OK with us. LOL.

  2. Cloggie on Thu, 6th Apr 2017 12:42 am 

    Off-topic: Daimler and Bosch to bring driverless car to market within five years:

    https://techcrunch.com/2017/04/04/daimler-and-bosch-fully-autonomous-cars-within-5-years/

    They have no choice as everybody else is doing it. But in the long term it means the beginning of the end of private car ownership, fewer cars with much higher occupancy rate. Especially younger people can defer the moment of private car ownership until the moment until they are really settled and certainly retired people won’t need to own a car at all. It is good for everybody except the car industry itself, that will sell decreasing numbers. It is good for the cities with less cars parked for 95% of the time and it is good for the environment as the same transport effort can be accomplished with fewer cars with less embodied energy. Commuting can be done by occupying cars with five rather than one passenger by applying intelligent algoritms to match supply and demand, allowing for small detours. Traffic jams will disappear as a consequence.

    Win-win.

  3. Nils Hellevig on Thu, 6th Apr 2017 5:55 am 

    Who cares about US export? 190% of US production is used in the US so that export is just a practicality/logistics. This is just spin.

    Nils Hellevig

  4. rockman on Thu, 6th Apr 2017 9:01 am 

    Nils – “Who cares about US export? 190% of US production is used in the US”.

    Earth to Nils…earth to Nils. An update: just since 2014 the country has exported almost 400 MILLION BBLS of oil from the US. Those exports reached the peak of 15.9 MILLION BBLS PER MONTH in July 2015. Much of it Eagle Ford Shale light oil tankered from the port of Corpus Christi in S Texas to eastern Canadian refineries where it was blended with their heavy oil imports.

    Of course, the US govt could be lying about those stats. LOL. And while the oil export number, 500 MILLION BBLS since 2014, seems big since that same year we’ve exported refinery products made from 5 BILLION BBLS OF OIL. That’s fossil fuel the US consumer lost access to.

    And the latest stat: in January the US exported 4.8 MILLION BBLS OF OIL PER DAY.

    https://www.eia.gov/dnav/pet/pet_move_exp_dc_NUS-Z00_mbbl_a.htm

  5. rockman on Thu, 6th Apr 2017 11:59 am 

    “And the latest stat: in January the US exported 4.8 MILLION BBLS OF OIL PER DAY”. More correctly stated: in January the US exported refinery products made from cracking 4.8 MILLION bopd.

  6. efarmer on Thu, 6th Apr 2017 12:08 pm 

    Well I for one am ready for a Trump Deal with China. We keep the refined products going that way, and in return, we get dirt cheap fireworks for the next 4 years. Something for us working class people in the Rust Belt. Think of going to the fireworks stand and dropping $20 on three big bags of pure pyro and still having a $100 or more for beer. Game Changer.

  7. BobInget on Thu, 6th Apr 2017 2:13 pm 

    Das right Rockman. Chinese ships are bringing crude, leaving with diesel. I’m reading everywhere, most of the world’s storage done been spent.

    As the moil said at the bris, ‘it won’t be long now’.

  8. makati1 on Thu, 6th Apr 2017 6:10 pm 

    Bob, I doubt the Chinese are bringing crude to the U$. They are just buying oily products. The U$ imports oil from oil exporting countries, not China. If I am wrong, send some refs I can check out.

  9. rockman on Thu, 6th Apr 2017 7:56 pm 

    Mak – Here you go:

    “How much petroleum does the United States import and export?

    In 2016, the United States imported approximately 10.1 million barrels per day (MMb/d) of petroleum from about 70 countries. Petroleum includes crude oil, natural gas plant liquids, liquefied refinery gases, refined petroleum products such as gasoline and diesel fuel, and biofuels including ethanol and biodiesel. About 78% of gross petroleum imports were crude oil.

    In 2016, the United States exported about 5.2 MMb/d of petroleum to 101 countries. Most of the exports were petroleum products. The resulting net imports (imports minus exports) of petroleum were about 4.9 MMb/d.

    The top five source countries of U.S. petroleum imports in 2016 were Canada, Saudi Arabia, Venezuela, Mexico, and Colombia.”

    And: “The top five destination countries of U.S. petroleum exports in 2016, export volume, and share of total petroleum exports

    Mexico — 0.88 MMb/d — 17%
    Canada — 0.87 MMb/d — 17%
    Netherlands — 0.29 MMb/d — 6%
    Brazil — 0.26 MMb/d — 5%
    Japan — 0.25 MMb/d — 5%

    Here’s the list of all countries the US has imported oil AND REFINERY PRODUCTS from:

    https://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbbl_a.htm

    In 2016 about 7.8 million bbls of refinery products came from China. Less then the peak of 21 mm bbls in 1996. Prior to 1992 there were no imports from China. And from this EIA report you’ll see that no crude oil was imported from China.

    https://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_epc0_im0_mbbl_m.htm

    But as asked before: what’s the practical difference between importing 21 mm bbls of refinery products and 21 mm bbls of crude oil from China. Other then the products would cost the US more then the oil would.

  10. makati1 on Thu, 6th Apr 2017 9:03 pm 

    Thanks rockman. I forgot that the U$ might be importing refined products. You are correct about the exchange.

    “I’ll buy a barrel of your oil for $50 and sell it back to you as refined product for $500. Good deal, no?” LOL

  11. rockman on Fri, 7th Apr 2017 12:33 pm 

    Mak – As I’ve mentioned before the US has become the largest refined oil exporter on the planet:

    Below are the 15 countries that exported the highest dollar value worth of refined oil during 2015:
    United States: US$74.7 billion (12.3% of total refined oil exports)
    Russia: $65.6 billion (10.8%)
    Singapore: $42.1 billion (7%)
    Netherlands: $41.9 billion (6.9%)
    South Korea: $30.7 billion (5.1%)
    India: $30.5 billion (5%)
    Belgium: $24.7 billion (4.1%)
    Saudi Arabia: $24.1 billion (4%)
    China: $19.1 billion (3.2%)
    United Arab Emirates: $15.4 billion (2.5%)
    Italy: $13.1 billion (2.2%)
    Kuwait: $13 billion (2.1%)
    Germany: $12.4 billion (2%)
    United Kingdom: $11.5 billion (1.9%)
    Canada: $11.4 billion (1.9%)
    The listed 15 countries shipped 71 % of all refined oil exports in 2015 (by value).

    And here’s a great visual of chart that emphasizes what I keep say: how much crude oil the US export don’t mean sh*t compared to how crude oil we refine and then ship overseas. Three charts down. And notice the huge increase since 2006 when oil prices started to boom. So while our import deficit from oil imports increased significantly our trade surplus from product export boomed at the same time.

    http://www.ogj.com/articles/print/volume-114/issue-3/processing/us-refining-flexibility-sustains-export-opportunities-profitability.html

    Still looking for a list of our product importing countries. But I did see several years ago that Mexico used 75% of its oil export revenue to by refinery products from the US.

    Did find this about Canada. Not as much product exported to it as I thought:

    “Petroleum Products – Bilateral petroleum products trade with Canada is relatively balanced in both volumetric and value terms. Canada was the destination for 564,000 bpd of petroleum products in 2016, or 12% of all petroleum products exported from the United States.”

    See: it does “take a village” to f*ck up the environment. LOL.

  12. UncleAl on Tue, 11th Apr 2017 1:03 am 

    This is great!! Thanks to all for the discussion. I’m a newbie to the biz and this conversation was a real eye opener. Much appreciated.

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  31. Keat Cheng on Thu, 8th Mar 2018 6:55 pm 

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    we always deliver on time and precision as Set forth in the agreement. You are at liberty to engage our leased facilities into trade programs, project financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.) as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed, Our Terms and Conditions are reasonable.
    DESCRIPTION OF INSTRUMENTS:
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    3. Issuing Bank: HSBC, Deutsche Bank Frankfurt, UBS or any Top 25 .
    4. Age: One Year, One Day
    5. Leasing Price: 4+ 1%
    6. Sale Price: 32+2%
    7. Delivery by SWIFT .
    8. Payment: MT103-23
    9. Hard Copy: Bonded Courier within 7 banking days.
    If you have need for Corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
    Inquiries from agents/ brokers/ intermediaries are also welcomed; do get back to us if you are interested in any of our services and for quality service.
    Name : Keat Cheng
    E-mail : keatcheng2@gmail.com
    Skype id :keatcheng2@gmail.com

  32. greg lockmandy on Thu, 8th Mar 2018 10:06 pm 

    08 март 2018 16:53:27
    greg lockmandy
    6th International Business Forum SCO Moscow Business Dialog: new quality and dynamics of economic cooperation 07.12.2017 14:55 National administration of SCO University meets in Moscow 07.12.2017 14:38 Why is russian honey valued so high? 07.12.2017 14:34 SCO takes part in Eurasian Economic Forum 2017 and Eastern Economic Forum 07.12.2017 14:29 SCO mounts coordination to prevent natural disasters 07.12.2017 14:24 Rosatom gets first license to build Akkuyu NPP in Turkey 07.12.2017 13:55 SCO governors’ forum to be launched in summer 2018 Comments(58) 08.03.18 19:06 greg lockmandy seeing is believing The term “bank guarantee” has no precise definition, particularly in international law. Some use the term exclusively to describe a transaction in which one party makes an independent guarantee commitment in respect of another party’s liabilities, regardless of the latter’s form and enforceability. Others describe guarantees as all transactions in which security is offered; from letters of comfort (which often are morally binding at most) to surety bonds and abstract payment undertakings. A Bank Guarantee can be described as a Letter of Guarantee issued by one bank to another bank to guarantee the performance of an obligation on the part of the applicant, guaranteeing the beneficiary. A Bank Guarantee is where one Bank (the Issuing Bank) issues an indemnity to another Bank (the Beneficiary Bank) or directly to a Beneficiary, on behalf of its account holder. The Issuing Bank will expect its account holder to pledge ‘assets’ to the bank for its issue. Bank Guarantee’s take many forms. Some Guarantees are written to guarantee rental payments, some are written to guarantee payments upon the meeting of certain conditions. Some are even issued to guarantee loans and credit lines. All of them are written for a specific purpose to a specific party. Each Bank Guarantee will be worded for the purposes it is intended. Some may be ‘callable upon demand’ or some may only be ‘callable’ when the Beneficiary provides notice of satisfaction of a pre-determined condition. Currently, under the new Uniform Rules for Demand Guarantees (URDG 758) an underlying contract should be provided that states clearly the purpose of the Bank Guarantee and forms part of the Guarantee, for example a Rent Agreement or Payment Obligation. In international trade dealings, buyers and sellers often experience problems of trust within each other to honour their payment obligations. A seller may find it difficult to ascertain the buyer’s willingness and ability to make payment, whilst the buyer may not be convinced that the seller genuinely intends to perform his side of the agreement or has the necessary financial and technical resources to do so. Just as the buyer needs protection against non-performance, so the seller will want to minimize or insure against the risk of non-payment. Documentary credits are generally used in such cases, yet various other forms of bank guarantees are available. The common element in all these arrangements is that the guarantor undertakes to be answerable for the payment of a debt or the fulfilment of a payment obligation in the event of default by the party that is responsible for it. LOANS & AND INVESTMENTS LIMITED is a direct provider of bank Guarantee (BG), SBLC, DLC and All other types of Letters of Credit. We are legally registered Financial Firm with good reputation. We only work with Top Prime rated global banks. We deliver with time and precision as set forth in the Deed of Agreement (DOA). All our customers can engage our leased bank instruments into trade programs, Business expansion projects, Aviation projects, Agricultural projects, Petroleum/Oil/Gas, Telecommunication, Construction Projects and any other turnkey project. Our terms and Conditions are reasonable. DESCRIPTION OF INSTRUMENTS: 1. Instrument: Bank Guarantee (BG)/SBLC 2. Total Face Value: Eur/Usd 1M MIN and Eur/Usd 50B MAX). 3. Issuing Bank: HSBC, Barclays Bank, Standard Chartered, Citibank or AA rated Bank in Western Europe or USA. 4. Age: One Year, One Day 5. Leasing Price: 4% of Face Value plus 1% brokers commission (only if there is a broker involved in the transaction) 6. Delivery SWIFT TO SWIFT. 7. Payment: Wire Transfer. 8.. Hard Copy: Bonded Courier within 7 banking days. All relevant information will be provided to any serious customer upon request. Please forward all your inquiries & consultations to our contact details as follows: COMPANY NAME: LOANS AND INVESTMENTS LIMITED COMPANY ADDRESS: 247-249 GRAYS INN ROAD, LONDON WC1X 8QZ, UNITED KINGDOM. CONTACT PERSON: ANDREW CHRISTOU (CEO) EMAIL greglockmandy@gmail.com WHY YOU MUST CHOOSE US: We are genuine and legally registered company operating in Both Europe and Asia. We can issue your Letters of Credit from HSBC Hong Kong, Barclays Bank, Citi Bank, Standard Chartered Bank or any Prime Bank of your choice. We do not have any hidden fees We deliver with time and precision as set forth in the Deed of Agreement We issue and deliver your letter of credit within 5 or 7 days. No stories, no lies… We are direct PROVIDERS, Not Brokers. We are straight to the point, we do not play games. Brokers are welcomed, appreciated and compensated. We pay 1% commission to our brokers, so you can bring customers to us and get good compensation. Advertisements Report this ad Report this ad Bank Guarantee, BG, DLC, Lettters of Credit, Loan against BG, SBLC bank guarantee for lease or rent, BG, DLC, lease bank instruments, Lease BG, Lease SBLC, Letters of credit, loan against BG, MT760, MT799, POF, Proof of funds, providers of bank instruments, SBLC Number One Managed Bank Guarantee Financing Program Leave a comment Posted by Loan And Investments Ltd. on February 11, 2016 $350K Deposit to 30 Million Non Recourse in 45 to 90 Days OR $500K Deposit to 100 Million Non Recourse in 45 to 90 Days This program is an End to End Managed Bank Guarantee Funding and Monetization Program. The Program has two Options: $350K Deposit in 30 Million Non Recourse in 45 to 90 Days, OR $500K Deposit to 100 Million Non Recourse in 45 to 90 Days. The program includes Total Deposit Protection with a very high profile Attorney Trust Account protected by a law firm that was founded by a Supreme Court Judge. Either your Bank Guarantee is Issued or your Get your Deposit Returned, we make money closing deals NOT taking Deposits! The level of transparency, access, protection and proof provided in this program is unique and is rarely offered in the Bank Guarantee industry. The entire End to End Proven Program includes BOTH Issuing a Bank Guarantee and Funding that Bank Guarantee. Everything has been prestructured, preapproved and prenegotiated so it is hassle and headache free with certain predetermed outcomes you can bank on. We provide total contract protection and agree to penalties up to 20 times your deposit! Full Non Recourse Funding in the program means you do not have to repay a cent! The Bank Guarantee is Issued from AAA Rated Top 25 Bank and funded from a second AAA Rated Top 25 Bank. Client Deposits are paid to Attorney Trust Account where Trust Attorney and Barrister has No Criminal History, No Criminal Record, No Criminal Convictions and is the Legal Counsel for Governments and major Corporations. There is No Trading, No Leveraging, No Borrowing, No Currency Investing and we DO NOT require any Project Documentation. All we need to issue program agreements to clients are 3 Documents: CIS (Customer Information Sheet), NCND and Proof of Funds. Please contact us for more information… EMAIL greglockmandy@gmail.com Brokers are paid good commission on each successful transaction so if you want to work for our company as a broker, agent or mandate please contact us for more information. Bank Guarantee Non Recourse, Non Recourse funding, Non Recourse loan, Non Recourse loan funding, Number One Managed Bank Guarantee Financing Program What is Bank Guarantee and How to monetize it? Leave a comment Posted by Loan And Investments Ltd. on February 11, 2016 Bank Guarantee (BG) is a concept in which a client may customarily ask a business owner or an entity to provide financial guarantee from a third party such as a bank or any other lending institution. It ensures that in case a debtor fails to settle a debt, the bank covers the debt on behalf of the debtor. Or in other words, bank guarantee is an instrument to safeguard the interests of both the parties coming into a mutual commercial contract. Guarantee from a lending institution protects the client from any loss that might be incurred if the beneficiary defaults in a contract. On the other hand, it allows the beneficiary to expand business activities by securing a credit line on behalf of the bank guarantee. To buy bank guarantee, all you need to do is to visit a bank or any recognized lender and ask them to stand as a guarantor on your behalf. Of course, you would be required to present your business contract and other details. The bank may also ask you to furnish other financial details of yours. There are numerous institutions working which enable clients to buy bank guarantees without much hassle. Another pragmatic and utilitarian aspect of bank guarantee is bank guarantee monetization. Monetizing bank guarantee signifies raising finance or a credit line against it. If you have bank guarantee or a letter of credit, you might be able to monetize it. For bank guarantee monetization and to raise finance against it, it is paramount that the bank guarantee has been specifically formulated for the purpose of raising finance. Bank guarantees framed for other purposes cannot be generally monetized or financed. Monetizing Bank Guarantee liquidates the bank guarantee and uses them as reinforcement for cash. Almost any bank guarantee all over the world can be used to fund a project. Bank guarantee can be leased or it can be owned unrestrictedly. There are innumerable bank guarantee monetization programs available all over the globe. The most important feature of a supreme bank guarantee monetization program is that it is highly pre-structured and transparent. Bank guarantee monetization is a high-risk involved task and it is extremely crucial to get it done accurately. Otherwise it can lead to being tricked and losing all the money. It is advised to consult any bank guarantee or bank guarantee monetization expert before moving forward to buy any bank guarantee from any institution or bank. LOCKMANDYGREG LOAS LIMITED is the leading experts in the industry of buying, selling, monetizing, funding or discounting bank guarantees. LOCKMANDYGREG LOANS LIMITED helps you stay away from such road blocks and get your Bank Guarantee issued and monetized consistently and seamlessly. For more details please contact us with below details… Email: greglockmandy@gmail.com BROKERS ARE WELCOME & ARE 100% PROTECTED!! If you want to be our broker or company representative please contact us via email for more information. Bank Guarantee agricultural loans, bank guarantee, bank guarantee discounting, bank guarantee for lease or rent, Bank Guarantee leasing, Bank Guarantee providers, bank instrument providers, best bg providers, bg issuer, bg project financing, buy bank instruments, dlc providers, What is Bank Guarantee and How to monetize it What is Project finance? Leave a comment Posted by Loan And Investments Ltd. on February 8, 2016 Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of equity investors, known as ‘sponsors’, as well as a ‘syndicate’ of banks or other lending institutions that provide loans to the operation. They are most commonly non-recourse loans, which are secured by the project assets and paid entirely from project cash flow, rather than from the general assets or creditworthiness of the project sponsors, a decision in part supported by financial modeling. The financing is typically secured by all of the project assets, including the revenue-producing contracts. Project lenders are given a lien on all of these assets and are able to assume control of a project if the project company has difficulties complying with the loan terms. From investopedia : The financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure where project debt and equity used to finance the project are paid back from the cashflow generated by the project. Generally, a special purpose entity is created for each project, thereby shielding other assets owned by a project sponsor from the detrimental effects of a project failure. As a special purpose entity, the project company has no assets other than the project. Capital contribution commitments by the owners of the project company are sometimes necessary to ensure that the project is financially sound or to assure the lenders of the sponsors’ commitment. Project finance is often more complicated than alternative financing methods. Traditionally, project financing has been most commonly used in the extractive (mining), transportation, telecommunications industries as well as sports and entertainment venues. Risk identification and allocation is a key component of project finance. A project may be subject to a number of technical, environmental, economic and political risks, particularly in developing countries and emerging markets. Financial institutions and project sponsors may conclude that the risks inherent in project development and operation are unacceptable (unfinanceable). “Several long-term contracts such as construction, supply, off-take and concession agreements, along with a variety of joint-ownership structures are used to align incentives and deter opportunistic behaviour by any party involved in the project. The patterns of implementation are sometimes referred to as “project delivery methods.” The financing of these projects must be distributed among multiple parties, so as to distribute the risk associated with the project while simultaneously ensuring profits for each party involved. A riskier or more expensive project may require limited recourse financing secured by a surety from sponsors. A complex project finance structure may incorporate corporate finance, securitization, options (derivatives), insurance provisions or other types of collateral enhancement to mitigate unallocated risk. Project finance shares many characteristics with maritime finance and aircraft finance; however, the later two are more specialized fields within the area of asset finance. History Limited recourse lending was used to finance maritime voyages in ancient Greece and Rome. Its use in infrastructure projects dates to the development of the Panama Canal, and was widespread in the US oil and gas industry during the early 20th century. However, project finance for high-risk infrastructure schemes originated with the development of the North Sea oil fields in the 1970s and 1980s. Such projects were previously accomplished through utility or government bond issuances, or other traditional corporate finance structures. Project financing in the developing world peaked around the time of the Asian financial crisis, but the subsequent downturn in industrializing countries was offset by growth in the OECD countries, causing worldwide project financing to peak around 2000. The need for project financing remains high throughout the world as more countries require increasing supplies of public utilities and infrastructure. In recent years, project finance schemes have become increasingly common in the Middle East, some incorporating Islamic finance. The new project finance structures emerged primarily in response to the opportunity presented by long term power purchase contracts available from utilities and government entities. These long term revenue streams were required by rules implementing PURPA, the Policy resulted in further deregulation of electric generation and, significantly, international privatization following amendments to the Public Utilities Holding Company Act in 1994. The structure has evolved and forms the basis for energy and other projects throughout the world. Parties to a project financing There are several parties in a project financing depending on the type and the scale of a project. The most usual parties to a project financing are; Sponsor Lenders Financial Advisors Technical Advisors Legal Advisors Debt Financiers Equity Investors Regulatory Agencies Multilateral Agencies Project development Project development is the process of preparing a new project for commercial operations. The process can be divided into three distinct phases: Pre-bid stage Contract negotiation stage Money-raising stage Financial model A financial model is constructed by the sponsor as a tool to conduct negotiations with the sponsor and prepare a project appraisal report. It is usually a computer spreadsheet designed to process a comprehensive list of input assumptions and to provide outputs that reflect the anticipated real life interaction between data and calculated values for a particular project. Properly designed, the financial model is capable of sensitivity analysis, i.e. calculating new outputs based on a range of data variations. Contractual framework The typical project finance documentation can be reconducted to four main types: Shareholder/sponsor documents Project documents Finance documents Other project documents Engineering, procurement and construction contract The most common project finance construction contract is the engineering, procurement and construction (EPC) contract. An EPC contract generally provides for the obligation of the contractor to build and deliver the project facilities on a turnkey basis, i.e., at a certain pre-determined fixed price, by a certain date, in accordance with certain specifications, and with certain performance warranties. The EPC contract is quite complicated in terms of legal issue, therefore the project company and the EPC contractor need sufficient experience and knowledge of the nature of project to avoid their faults and minimize the risks during contract execution. An EPC contract differs from a turnkey contract in that, under a turnkey contract, all aspects of construction are included from design to engineering, procurement and construction whereas in the EPC contract the design aspect is not included. Alternative forms of construction contract are a project management approach and alliance contracting. Basic contents of an EPC contract are: Description of the project Price Payment Completion date Completion guarantee and Liquidated Damages (LDs): Performance guarantee and LDs Cap under LDs Operation and maintenance agreement An operation and maintenance (O&M) agreement is an agreement between the project company and the operator. The project company delegates the operation, maintenance and often performance management of the project to a reputable operator with expertise in the industry under the terms of the O&M agreement. The operator could be one of the sponsors of the project company or third-party operator. In other cases the project company may carry out by itself the operation and maintenance of the project and may eventually arrange for the technical assistance of an experienced company under a technical assistance agreement. Basic contents of an O&M contract are: Definition of the service Operator responsibility Provision regarding the services rendered Liquidated damages Fee provisions Concession deed An agreement between the project company and a public-sector entity (the contracting authority) is called a concession deed. The concession agreement concedes the use of a government asset (such as a plot of land or river crossing) to the project company for a specified period. A concession deed would be found in most projects which involve government such as in infrastructure projects. The concession agreement may be signed by a national/regional government, a municipality, or a special purpose entity set up by the state to grant the concession. Examples of concession agreements include contracts for the following: A toll-road or tunnel for which the concession agreement giving a right to collect tolls/fares from the public or where payments are made by the contracting authority based on usage by the public. A transportation system (e.g., a railway / metro) for which the public pays fares to a private company) Utility projects where payments are made by a municipality or by end-users. Ports and airports where payments are usually made by airlines or shipping companies. Other public sector projects such as schools, hospitals, government buildings, where payments are made by the contracting authority. Shareholders Agreement The shareholders agreement (SHA) is an agreement between the project sponsors to form a special purpose company (SPC) in relation to the project development. This is the most basic of structures held by the sponsors in a project finance transaction. This is an agreement between the sponsors and deals with: Injection of share capital Voting requirements Resolution of force one Dividend policy Management of the SPC Disposal and pre-emption rights Off-take agreement An off-take agreement is an agreement between the project company and the offtaker (the party who is buying the product / service that the project produces / delivers). In a project financing the revenue is often contracted (rather than being sold on a merchant basis). The off-take agreement governs mechanism of price and volume which make up revenue. The intention of this agreement is to provide the project company with stable and sufficient revenue to pay its project debt obligation, cover the operating costs and provide certain required return to the sponsors. The main off-take agreements are: Take-or-pay contract: under this contract the off-taker – on an agreed price basis – is obligated to pay for product on a regular basis whether or not the off-taker actually takes the product. Power purchase agreement: commonly used in power projects in emerging markets. The purchasing entity is usually a government entity. Take-and-pay contract: the off-taker only pays for the product taken on an agreed price basis. Long-term sales contract: the off-taker agrees to take agreed-upon quantities of the product from the project. The price is however paid based on market prices at the time of purchase or an agreed market index, subject to certain floor (minimum) price. Commonly used in mining, oil and gas, and petrochemical projects where the project company wants to ensure that its product can easily be sold in international markets, but off-takers not willing to take the price risk Hedging contract: found in the commodity markets such as in an oilfield project. Contract for Differences: the project company sells its product into the market and not to the off-taker or hedging counterpart. If however the market price is below an agreed level, the offtaker pays the difference to the project company, and vice versa if it is above an agreed level. Throughput contract: a user of the pipeline agrees to use it to carry not less than a certain volume of product and to pay a minimum price for this. Supply agreement A supply agreement is between the project company and the supplier of the required feedstock / fuel. If a project company has an off-take contract, the supply contract is usually structured to match the general terms of the off-take contract such as the length of the contract, force majeure provisions, etc. The volume of input supplies required by the project company is usually linked to the project’s output. Example under a PPA the power purchaser who does not require power can ask the project to shut down the power plant and continue to pay the capacity payment – in such case the project company needs to ensure its obligations to buy fuel can be reduced in parallel. The degree of commitment by the supplier can vary. The main supply agreements are: 1. Fixed or variable supply: the supplier agrees to provide a fixed quantity of supplies to the project company on an agreed schedule, or a variable supply between an agreed maximum and minimum. The supply may be under a take-or-pay or take-and-pay. 2.Output / reserve dedication: the supplier dedicates the entire output from a specific source, e.g., a coal mine, its own plant. However the supplier may have no obligation to produce any output unless agreed otherwise. The supply can also be under a take-or-pay or take-and-pay 3.Interruptible supply: some supplies such as gas are offered on a lower-cost interruptible basis – often via a pipeline also supplying other users. 4.Tolling contract: the supplier has no commitment to supply at all, and may choose not to do so if the supplies can be used more profitably elsewhere. However the availability charge must be paid to the project company. Loan agreement A loan agreement is made between the project company (borrower) and the lenders. Loan agreement governs relationship between the lenders and the borrowers. It determines the basis on which the loan can be drawn and repaid, and contains the usual provisions found in a corporate loan agreement. It also contains the additional clauses to cover specific requirements of the project and project documents. Basic terms of a loan agreement include the following provisions. General conditions precedent Conditions precedent to each drawdown Availability period, during which the borrower is obliged to pay a commitment fee Drawdown mechanics An interest clause, charged at a margin over base rate A repayment clause Financial covenants – calculation of key project metrics / ratios and covenants Dividend restrictions Representations and warranties The illegality clause Intercreditor agreement Intercreditor agreement is agreed between the main creditors of the project company. This is the agreement between the main creditors in connection with the project financing. The main creditors often enter into the Intercreditor Agreement to govern the common terms and relationships among the lenders in respect of the borrower’s obligations. Intercreditor agreement will specify provisions including the following. Common terms Order of drawdown Cashflow waterfall Limitation on ability of creditors to vary their rights Voting rights Notification of defaults Order of applying the proceeds of debt recovery If there is a mezzanine funding component, the terms of subordination and other principles to apply as between the senior debt providers and the mezzanine debt providers. Tripartite deed The financiers will usually require that a direct relationship between itself and the counterparty to that contract be established which is achieved through the use of a tripartite deed (sometimes called a consent deed, direct agreement or side agreement). The tripartite deed sets out the circumstances in which the financiers may “step in” under the project contracts in order to remedy any default. A tripartite deed would normally contain the following provision. Acknowledgement of security: confirmation by the contractor or relevant party that it consents to the financier taking security over the relevant project contracts. Notice of default: obligation on the relevant project counterparty to notify the lenders directly of defaults by the project company under the relevant contract. Step-in rights and extended periods: to ensure that the lenders will have sufficient notice /period to enable it to remedy any breach by the borrower. Receivership: acknowledgement by the relevant party regarding the appointment of a receiver by the lenders under the relevant contract and that the receiver may continue the borrower’s performance under the contract Sale of asset: terms and conditions upon which the lenders may transfer the borrower’s entitlements under the relevant contract. Tripartite deed can give rise to difficult issues for negotiation but is a critical document in project financing. Common Terms Agreement An agreement between the financing parties and the project company which sets out the terms that are common to all the financing instruments and the relationship between them (including definitions, conditions, order of drawdowns, project accounts, voting powers for waivers and amendments). A common terms agreement greatly clarifies and simplifies the multi-sourcing of finance for a project and ensures that the parties have a common understanding of key definitions and critical events. Terms Sheet Agreement between the borrower and the lender for the cost, provision and repayment of debt. The term sheet outlines the key terms and conditions of the financing. The term sheet provides the basis for the lead arrangers to complete the credit approval to underwrite the debt, usually by signing the agreed term sheet. Generally the final term sheet is attached to the mandate letter and is used by the lead arrangers to syndicate the debt. The commitment by the lenders is usually subject to further detailed due diligence and negotiation of project agreements and finance documents including the security documents. The next phase in the financing is the negotiation of finance documents and the term sheet will eventually be replaced by the definitive finance documents when the project reaches financial close. Basic scheme Hypothetical project finance scheme For example, the Acme Coal Co. imports coal. Energen Inc. supplies energy to consumers. The two companies agree to build a power plant to accomplish their respective goals. Typically, the first step would be to sign a memorandum of understanding to set out the intentions of the two parties. This would be followed by an agreement to form a joint venture. Acme Coal and Energen form an SPC (Special Purpose Corporation) called Power Holdings Inc. and divide the shares between them according to their contributions. Acme Coal, being more established, contributes more capital and takes 70% of the shares. Energen is a smaller company and takes the remaining 30%. The new company has no assets. Power Holdings then signs a construction contract with Acme Construction to build a power plant. Acme Construction is an affiliate of Acme Coal and the only company with the know-how to construct a power plant in accordance with Acme’s delivery specification. A power plant can cost hundreds of millions of dollars. To pay Acme Construction, Power Holdings receives financing from a development bank and a commercial bank. These banks provide a guarantee to Acme Construction’s financier that the company can pay for the completion of construction. Payment for construction is generally paid as such: 10% up front, 10% midway through construction, 10% shortly before completion, and 70% upon transfer of title to Power Holdings, which becomes the owner of the power plant. Acme Coal and Energen form Power Manage Inc., another SPC, to manage the facility. The ultimate purpose of the two SPCs (Power Holding and Power Manage) is primarily to protect Acme Coal and Energen. If a disaster happens at the plant, prospective plaintiffs cannot sue Acme Coal or Energen and target their assets because neither company owns or operates the plant. A Sale and Purchase Agreement (SPA) between Power Manage and Acme Coal supplies raw materials to the power plant. Electricity is then delivered to Energen using a wholesale delivery contract. The cash flow of both Acme Coal and Energen from this transaction will be used to repay the financiers. Complicating factors The above is a simple explanation which does not cover the mining, shipping, and delivery contracts involved in importing the coal (which in itself could be more complex than the financing scheme), nor the contracts for delivering the power to consumers. In developing countries, it is not unusual for one or more government entities to be the primary consumers of the project, undertaking the “last mile distribution” to the consuming population. The relevant purchase agreements between the government agencies and the project may contain clauses guaranteeing a minimum offtake and thereby guarantee a certain level of revenues. In other sectors including road transportation, the government may toll the roads and collect the revenues, while providing a guaranteed annual sum (along with clearly specified upside and downside conditions) to the project. This serves to minimise or eliminate the risks associated with traffic demand for the project investors and the lenders. Minority owners of a project may wish to use “off-balance-sheet” financing, in which they disclose their participation in the project as an investment, and excludes the debt from financial statements by disclosing it as a footnote related to the investment. In the United States, this eligibility is determined by the Financial Accounting Standards Board. Many projects in developing countries must also be covered with war risk insurance, which covers acts of hostile attack, derelict mines and torpedoes, and civil unrest which are not generally included in “standard” insurance policies. Today, some altered policies that include terrorism are called Terrorism Insurance or Political Risk Insurance. In many cases, an outside insurer will issue a performance bond to guarantee timely completion of the project by the contractor. Publicly funded projects may also use additional financing methods such as tax increment financing or Private Finance Initiative (PFI). Such projects are often governed by a Capital Improvement Plan which adds certain auditing capabilities and restrictions to the process. Project financing in transitional and emerging market countries are particularly risky because of cross-border issues such as political, currency and legal system risks. Therefore, mostly requires active facilitation by the government. If you need Loan, project funding, Bank Guarantee, SBLC, DLC or Letters of Credit please contact us immediately. EMAIL greglockmandy@gmail.com Brokers are paid good commission on each successful transaction so if you want to work for our company as a broker, agent or mandate please contact us for more information. Bank Guarantee agricultural loans, bank guarantee, bank guarantee for lease or rent, Bank Guarantee or Standby Letter of Credit, bg issuer, buy bank instruments, dlc providers, Project finance Financial Instruments for Lease and Sales. Leave a comment Posted by Lockmandygreg loans Ltd. on February 8, 2016 Financial Instruments for Lease and Sales. We provide financial instruments basically for lease or sale. We adhere to a prompt and quick delivery of any financial instrument of your choice BANK GUARANTEE MT760, SBLC, MT760, MT103, upon your interest indication. We have the below instruments for lease or for sale. 1) BANK GUARANTEE (BG) issued by UBS AG Switzerland with face value of 30 billion Euros. 2) STANDBY LETTER OF CREDIT issued by INDUSTRIAL AND COMMERCIAL BANK OF CHINA with face value of SBLC 50 Billion USD. 3) STANDBY LETTER OF CREDIT issued by BNP PARIBAS FRANCE, BARCLAY’S BANK PLC, HSBC BANK PLC, DEUTSCHE AG AND JP MORGAN CHASE BANK with face value of SBLC 40 Billion USD. The above instruments are ready for outright lease out or outright sell off. So the leasing fee for any of the instrument is 3% and commission agents gets 2% While for an outright purchase of any of the above instrument is from 43 % to 45 % and the commission agents remains 2% Therefore,the attorney has resolved to offer you 2% as agent commission for any client that purchases or leases from your side. So therefore,you should source for urgent and potential clients that will need financial instruments of the three (3) above categories i.e MT760 BG, MT760 SBLC and MT103 2ways.. Further information’s will be divulged upon your reply. If you need Loan, project funding, Bank Guarantee, SBLC, DLC or Letters of Credit please contact us immediately. EMAIL :greglockmandy@gmail.com Brokers are paid good commission on each successful transaction so if you want to work for our company as a broker, agent or mandate please contact us for more information. Bank Guarantee Property Investment Secrets from Professional Buyers Leave a comment Posted by LOCKMANDYGREG LOANS Ltd. on February 8, 2016 Photo credit: flickr.com – marco Property investment has reaped great rewards for many over the years, both for those hoping for a quick return by selling on the property at a profit, and for those with longer term plans in the buy-to-let market. Before you decide to make the leap, make sure you’ve done all the necessary research and know exactly what you’re getting into. There are pitfalls as well as gains. Know Your Market You stand more chance of success, with less work, if you’re familiar with the area you plan to buy in. For instance, if you make the mistake of buying a small studio flat in a remote part of town that’s favoured by affluent families, your pool of potential buyers or renters will be smaller because your target market is looking elsewhere. If you’re aiming to let to students, buy close to a college or university, and young, single professionals tend to favour town centre locations or those close to fast travel links. It may sound obvious, but it’s easy to get carried away with what looks like a bargain and forget the practical aspects of who is going to live there. Pay Attention to Current Events Akin to knowing your market, knowing what’s going on in the wider world and how those things might impact the property market in general can pay dividends. In some cases, world affair knowledge can almost provide you with a crystal ball in knowing what, and when, to buy. For instance, by keeping an eye on the recent financial crisis in Greece, and balancing that against the strong pound and UK independence from the Euro, you may have been able to foresee the recent increase in demand from Greek nationals in the Prime London property sector. Those Greeks with money to spend, looking for a safer investment proposition than currently offered in their own country, took a keen interest in London property around the £1 million mark. Organise Your Finances Before you even start looking at potential properties, get your finances in order. If you need to borrow money, investigate mortgage deals. Independent brokers will give impartial advice on the best mortgage deals currently available, and let you know about the latest developments amongst lenders. One trap not to fall into is to simply walk into your own bank and take the first deal they offer you. There are often far better, more specialised offers around that you’ll only uncover through a diligent search alongside expert advice. Having got your finances in order, and an offer in principle on the table, you’ll be in a much stronger position to negotiate with sellers for the best price. Get Buying Help Because investing in property takes up a huge chunk of money, it pays to use every advantage available to cut down risks and secure great deals. Whether you’re looking for a place to live in personally or you want a property purely for investment, a professional property buyer can prove invaluable. It’s their job to scout out the latest deals and they often have a large network of estate agents, developers, or builders who keep them informed. They also have expert local knowledge, know what’s in the pipeline (such as major town development or renovation, for instance), and can guide you accordingly, preventing costly mistakes. Property investment is scary and exciting in equal measure. Get it right and the rewards are huge. Take your time, check every step, and you’ll have a far greater chance of success. Bank Guarantee Bank Guarantee Monetization and Funding Leave a comment Posted by LOCKMANDYGREG LOAN Ltd. on January 30, 2016 Bank Guarantee is a guarantee by a bank or any lending institution to a beneficiary that it will fulfill the liability of a third person in case the third person defaults or is unable to deliver the terms of contract. The lending institution becomes the co-signor with the third person or the debtor in the guarantee, unless stated otherwise. There are two types of bank guarantees that exist generally namely:- Performance Bank Guarantee: – In this type of guarantee, a bank assumes monetary liability up to a specified amount in case of non-performance of a contract or obligation. Financial Bank Guarantee: – Bank issues guarantee in lieu of monetary consideration in this type of guarantee. To buy bank guarantee from any bank, you need to present them with CIS (Customer Information Sheet), NCND and Proof of Funds along with your business contract and other details as and when demanded. Bank Guarantee Monetization allows you to monetize your bank guarantee for following purposes: Bank Guarantees can be monetized for cash. They can be placed into various trade programs. You can monetize them in the composition of both immediate cash and trade programs. Bank Guarantee monetization generally gives you returns between 60%-90% non-recourse. Bank Guarantee funding for owned bank guarantees can give you a return of 80% within 72 hours of the delivery of the Bank Guarantee. The returns might be low as 50% on leased bank guarantees. While opting for a bank guarantee funding or monetization program, one should extremely assess the track record of the program and the risk involved in the process. Fraud rate is relatively higher from the past and one should choose only the most reliable and safe program such as Lockmandy loans LIMITED which has 100% successful transaction record till now. One should not fall for the cheap programs just to save some quick dollars. You might end up losing everything at the end. LOCKMANDY LOANS LIMITED is the leading experts in the industry of buying, selling, monetizing, funding or discounting bank guarantees. LOCMANDYGREG LOAN LIMITED helps you stay away from such road blocks and get your Bank Guarantee issued and monetized consistently and seamlessly. For more details please contact us with below details… Email: greglockmandy@gmail.com BROKERS ARE WELCOME & ARE 100% PROTECTED!! If you want to be our broker or company representative please contact us via email for more information. Bank Guarantee, bank instrument providers, Bank Instruments Provider Bank Guarantee Monetization, Customer Information Sheet, Financial Bank Guarantee, Funding a Bank Guarantee, LOCKMANDYGREG LOAN AND INVESTMENT LIMITED, monetization program, Performance Bank Guarantee US de-lists hundreds from Iran sanctions Leave a comment Posted by lockmandygreg loan Ltd. on January 30, 2016 In accordance with its commitments under the JCPOA nuclear deal with Iran (see previous blog), the US has de-listed over 400 people and entities from its List of Specially Designated Nationals (SDNs). As a consequence, non-US persons will no longer be subject to sanctions for conducting transactions with them, though US persons remain subject to a broad prohibition on transactions with Iran or its government, and a requirement that the assets of the Government of Iran and Iranian financial institutions continue to be frozen. In addition, more than 200 people and entities are still listed as SDNs, and non-US persons are still prohibited from knowingly seeking to evade US restrictions on transactions and trade with Iran. Bank Guarantee Switzerland implements additional EU and UN Iran de-listings Leave a comment Posted by lockmandygreg loan Ltd. on January 30, 2016 Switzerland has followed the EU, US, and UN in de-listing Bank Sepah from its sanctions against Iran (see previous blog), along with Naser Bateni and the company he manages Hanseatic Shipping Trust, whose EU listings were annulled in October 2015 (see previous blog), and 3 entities connected to Islamic Republic of Iran Shipping Lines, also reflecting UN and EU modifications to their own sanctions. Bank Guarantee The world’s richest 62 people now have more wealth than the poorest 3.6 billion combined Leave a comment Posted by lockmandygreg loan Ltd. on January 30, 2016 So much wealth has accumulated among the world’s richest that the 62 wealthiest people on the planet now own more than the poorest 3.6 billion people, or half the planet, according to research published by Oxfam, an anti-poverty charity. That ratio has become a good deal more skewed recently. In 2010, it required the richest 388 people to make up the wealth of the bottom 50%. Since then, Oxfam says, the world’s richest 62 people have added 44% to their cash and assets, while the wealth of the bottom half has dropped by 41%. “Far from trickling down, income and wealth are instead being sucked upwards at an alarming rate,” Oxfam said in the report, “An Economy For The 1%” (pdf). “Once there, an ever more elaborate system of tax havens and an industry of wealth managers ensure that it stays there, far from the reach of ordinary citizens and their governments.” The charity released the report one day ahead of the start of the World Economic Forum at Davos, where some of the world’s richest and most powerful business leaders and government decision-makers will meet. Oxfam argued that wealth inequality isn’t just a problem for those on the bottom but that it poses a threat to economic development for everyone. The number of people lifted out of absolute poverty over the past two decades has been encouraging, says the report, but had inequality not risen at the same time, as many as 200 million more people could have been lifted out of poverty over the same period. “That could have risen to 700 million had poor people benefited more than the rich from economic growth,” said the report. Bank Guarantee anti-poverty charity, The world’s richest 62 people We offer Legitimately Cash & Asset Backed Financial Instruments on Lease and Sale Dear friends, We offer Legitimately Cash & Asset Backed Financial Instruments on Lease and Sale at the best rates and with the most feasible procedures. Instruments offered can be put in all forms of trade and can be monetized or discounted for direct funding. We offer certifiable and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AND SALE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE. If you need Loan, project financing, Bank Guarantees, SBLC, DLC or Letters of Credit kindly contact us immediately for more detailed information. Bank Guarantee arrendamento bg instrumentos bancários, arrendamiento de instrumentos bancarios, bank guarantee, bank guarantee discounting, Bank Guarantee or Standby Letter of Credit, Bank Guarantee providers, bg issuer, bg provider, buy bank instruments ← Older posts RSS feed Search for: Recent Posts Number One Managed Bank Guarantee Financing Program What is Bank Guarantee and How to monetize it? What is Project finance? Financial Instruments for Lease and Sales. Property Investment Secrets from Professional Buyers Archives February 2016 January 2016 December 2016 November 2016 October 2016 September 2017 August 2017 July 2017 Categories Bank Guarantee bank instrument providers Bank Instruments Provider BG DLC Lease bank guarantee letters of credit Lettters of Credit Loan Loan against BG Loan and Investments loan provider Loans LOANS AND PROJECT FUNDING monetize bank instrument Project finance SBLC Uncategorized We Monetize Bank Instruments in lockmandygreg loans LTD

    08 март 2018 10:30:25

  33. Michael David on Wed, 28th Mar 2018 11:34 am 

    I am a mandate to a Finance and Investment Company who is a premier provider of trade finance and project finance instruments as well as discountable bank instruments. We offer Genuine Bank Guarantees, Standby Letter of Credit, Pre Advice / RWA Messages, Documentary Letters of Credit, Bank Draft, Proof of Funds, Performance Bond, Medium Term Notes, and various SWIFT messaging services on lease and sale. We issue these instruments from prime banks, secondary banks, and financial institutions; and transmit SWIFT MT 760, MT 799, MT199, MT999 and other messages on behalf of our clients.

    We offer certifiable and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions. Kindly contact for genuine inquiries and I can provide you with the needed information.

    FOR LEASING OF BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M-20B
    LEASING FEE = 4% 2%

    FOR PURCHASE OF BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M-20B
    PURCHASING PRICE = 32% 2%

    Michael David.
    Contact Mail : riversfinancegroupplc@gmail.com

  34. Anatoly Vyacheslav on Tue, 3rd Apr 2018 6:30 am 

    Dear Buyer/ Buyer mandate
    We currently have Available FOB Rotterdam/Hosuton for JP54,D2, D6, JetA1 with good and workable procedure, whereby buyer will dip test in seller tank with proof of product.
    Kindly Contact us via (anatolyvyacheslavoil@mail.ru) for SCO as soon as possible, so we can move to the next step.

    Regards
    Anatoly Vyacheslav
    email: anatolyvyacheslavoil@mail.ru,
    anatolyvyacheslavoil@yandex.ru
    skype:anatolyvyacheslavoil

  35. martin on Wed, 18th Apr 2018 6:06 pm 

    Hello Dear,

    We issue All types of bank instruments such as BG/SBLC, BANK DRAFT, BCL, MT103 cash backed, MT103/202 cash wire, Bank Letter/Confirmation , MT799 block funds etc.

    Issuing Bank moves first with bank to bank RWA /communications.

    Let me know if you have any need of either of the listed above.

    Email me at: martinsmithword@gmail.com

    Thanks

  36. Rafferty Vandor on Mon, 23rd Apr 2018 6:07 pm 

    GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY/LEASE
    AT THE BEST RATES AVAILABLE

    We offer certified and verifiable bank instruments via Swift Transmission from a genuine provider capable
    of taking up time bound transactions.

    FOR LEASING OF BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    LEASING FEE = 4%+2%

    FOR PURCHASE OF FRESH CUT BG/SBLC
    PRICE = 32%+2%
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M

    Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly
    renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding: For further details contact us with the below information.

    Contact: Name: RAFFERTY VANDOR

    Email: raffertyvandor@gmail.com

    Skype: raffertyvandor@gmail.com

  37. Paul Morrison on Fri, 4th May 2018 4:17 am 

    Hello Dear,

    We issue All types of bank instruments such as BG/SBLC, BANK DRAFT, BCL, MT103 cash backed, MT103/202 cash wire, Bank Letter/Confirmation , MT799 block funds etc.

    Issuing Bank moves first with bank to bank RWA /communications.

    Let me know if you have any need of either of the listed above.

    Email me at: paulharrison809@gmail.com

    Thanks,

  38. Antius on Fri, 4th May 2018 4:43 am 

    Michael David, Rafferty Vandor, et al, why don’t you post this crap somewhere where it is actually relevant? This is a public forum that discusses oil, energy and geopolitics. I doubt that anyone here is interested in the financial services that you are selling.

  39. Valery Prokopenko on Wed, 16th May 2018 2:07 am 

    Hello buyers, at the moment seller company have JP54, Jet fuel A1, d2, D6, (virgin fuel and Oil) spot for FOB Any Russian Port and FOB Rotterdam, Houston and Primorsk Port. If you have any interested buyer kindly contact us via below without delay.

    Best reagrds.
    Valery Prokopenko
    Email: gozov.petroleum@mail.ru
    Email: valerypetroleum@gmail.com
    Skype :gozov1

  40. Mrs.Carol Anderson on Mon, 21st May 2018 2:14 am 

    Hello, Apply and get qualify for a loan.Interest rate 1% easy process.
    Please Only serious inquiries.
    Name :
    Country :
    Phone number :
    Amount Needed as Loan :
    Purpose of Loan :
    Email : bdsfn.com@gmail.com
    Emaill: anatiliatextileltd@gmail.com
    Best Regards.
    Mrs.Carol Anderson

    Hello, Apply and get qualify for a loan.Interest rate 1% easy process.
    Please Only serious inquiries.
    Name :
    Country :
    Phone number :
    Amount Needed as Loan :
    Purpose of Loan :
    Email : bdsfn.com@gmail.com
    Emaill: anatiliatextileltd@gmail.com
    Best Regards.
    Mrs.Carol Anderson

    Hello, Apply and get qualify for a loan.Interest rate 1% easy process.
    Please Only serious inquiries.
    Name :
    Country :
    Phone number :
    Amount Needed as Loan :
    Purpose of Loan :
    Email : bdsfn.com@gmail.com
    Emaill: anatiliatextileltd@gmail.com
    Best Regards.
    Mrs.Carol Anderson

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