Dear Sir Madam,I'm looking for products with the following specifications: D2 = 100,000mt per monthMazut M100 = 100,000mt per monthPayment DLC Selle must be able to prove they are able to supply to China in CIF basis.Please send SCO to [email protected], H Leewe have some conditions.TERMS AND PROCED Show More...
Dear Sir Madam,I'm looking for products with the following specifications: D2 = 100,000mt per monthMazut M100 = 100,000mt per monthPayment DLC Selle must be able to prove they are able to supply to China in CIF basis.Please send SCO to , H Leewe have some conditions.TERMS AND PROCEDURES CIF1. Buyer confirms SCO and issues an official ICPO inserting seller’s terms and procedures2. Seller issues FCO for buyer’s signing, buyer returns signed FCO and a letter of procedures acceptance3. Seller issues draft contract SPA which is open for amendments.4. Buyer returns the signed draft contract with NCNDA IMFPA and a letter of guarantee to perform5. Seller submits the signed SPA for registration and legalization with the appropriate authorities6. Seller sends the registered legalized contract hard copies with the below listed partial pop documents to buyer via government secured courier service, the courier expenses shall be borne by seller.A. approval to export certificateB. export license certificateC. statement of availability of productD. commitment to supply the productE. certificate of originF. analysis test result7. Both parties lodge their copies of the registered and legalized contract with their respective banks, seller signs chartered party agreement and sends copy to buyer.8.1. Buyer within 10 banking days issues MT199 stated buyer is ready to issue DLC to activate seller non operative PB.8.2. Seller give non operative PB.8.3. Buyer open DLC for first month shipment to activate PB.9. Seller's bank issues the full set of proof of product (pop) and shipping document's with 2%pb (performance bond) to buyer’s bank10. Shipment commences immediately as scheduled in the contract.11. Buyer pays for the total product value via TT MT103 to the seller's bank after successful SGS CIQ inspection at discharge port and tittle of product ownership transferred to buyer12. Seller pays all intermediaries involved in transaction as per signed NCNDA IMFPA within 72 hours
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