Palm Oil (Crude and Refined) is available from Malaysia, Indonesia and Thailand on Spot and CIF basis. The pricing of the products are based on the Malaysian Palm oil Board (MPOB) prices ex refinery and the CIF price is somewhat in line with the FOB Rotterdam prices as per the index.
The prices are on the rise due to crop shortfall and the rising demand therefore any quote would have a limited time validity of a few days only towards the actual execution of the contract.
Payment for Spot shipments by at sight LC. For long term annual or bi-annual contracts, the buyer would have to open a BG in the form of a two months value ISBLC with actual payment by Swift MT 103. Prices are subject to review every month.
Send inquiries for quote on end buyer/end user Letterhead with full contact details.
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