Yes, you are right. You have to outsource systematic instrument parties to secure the transaction. and the answer are :
- Your sugestion to your COAL supplier for using CMA scheme.
- as Importer, you have to open LC in Top 200 banks (bankers almanac version)
- Client, COAL exporter who propose the financing from the bank
- Bank, set up due diligence the client and provide inventory financing with pre export financing and post export financing in Indonesia
- Collateral manager, secure the COAL at stockpile and make sure the quality & quantity the COAL at stockpile. issue the the warehouse receipt.
For detail informations, don't hesitate contact me at dedep@dbs.com