We would like to share one more item as follows:
Based on this morning’s conversation with BSCAP legal team,
BSCAP legal team pointed out one item as follows for us to ponder upon:
1) BSSG has continuous business with Rubber Planet for the past 20 years.
2) This supplier has been delivering rubber to BS group timely without delay.
3) All this while we work base on issuance of PO from TBSC to shippers’ directly.
4) We do not sign any contract like “this time”, and all arrangement has been smooth.
Why we need to have so many documentation in place this time for verification?
Furthermore, all the existing spot buy contracts and purchase orders have been proceed smoothly.
Based on record, several thousand tonnes of NR has been delivered by rubber planet over the years.
No delay, no default.
Warmest regards,
Kok Fong