No Upfront Payments
By way of introduction, I am the president of BRIDG, a US company, and I can supply reliable sources (titleholders) for certain petroleum products for qualified buyers that can provide a POF upfront and then SBLC (prior to POP) but after contract signing. Due to changes in the market, product does not move until an SBLC is presented for both trial and contract shipments. Products available now are Jet Fuels and D6, with ULSD (EN590) and Crude in the near future.
To begin the process, I request an LOI with the buyer’s product requirements to include product specs, quantity, target price and preferred delivery location supported with the buyer’s CP (or website). Should we be able to comply with your LOI requirements, I can deliver direct to the buyer an FCO from my source. We typically quote at net price based upon the PLATT/INDEX less a discount. You would be responsible for all brokers on the buyer side. If interested, please contact me, Michael Heilman, at mikeheilman@comcast.net.
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