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General Information

Trade Terminology

ASWP – Any Safe World Port.

It is quite common for commodity sellers to offer delivery to any safe world port of the buyer’s choice

BCL – Bank Confirmation Letter

This is a letter from the Buyer’s bank confirming the buyer’s ability to meet a certain level payment requirements. This letter states that the Buyer has sufficient funds to cover the cost of the order. It should however be understood that this does not imply any guarantee of payment.

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