date:Jan 07, 2014
ice and several other commodities through an Iranian export credit line.
The GFTO tenders require sellers to accept payment through a credit line agreement between the Commercial Bank of Syria and the Export Development Bank of Iran.
Traders have said that offers in those tenders are well above market prices and come mostly from Iranian firms offering to re-export commodities out of Iran.
Hoboob maintained it was not using the Iranian credit line agreement in its deals.
We are not using that