We hereby expressed our interest in procuring the commodity M100 75 GOST 1058575.Please provide us your best offer for the following terms and conditions:ORIGIN: Russian FederationQUANTITY: 100,000 MT per monthDESTINATION PORT: CIF China PortsTARGET PRICE: Selleru2019s best offerCOMMISSION: Mandateship accepted. Total USD 10 per metric ton to be equal shared Show More...
We hereby expressed our interest in procuring the commodity M100 75 GOST 1058575.Please provide us your best offer for the following terms and conditions:ORIGIN: Russian FederationQUANTITY: 100,000 MT per monthDESTINATION PORT: CIF China PortsTARGET PRICE: Selleru2019s best offerCOMMISSION: Mandateship accepted. Total USD 10 per metric ton to be equal shared by Selleru2019s and Buyeru2019s agent each side USD 5.PAYMENT: Irrevocable Documentary or, in the case of BankGuaranty is issued, payment by Telex Transfer or other agreed paymentinstrument within FIVE (5) days after SGS inspection and unloading.PERFORMANCE BOND: After signing contract, the Selleru2019s bank the Buyeru2019s bank within 5 days to confirm Buyeru2019s payment capability pertaining to Contract obligation. Upon satisfactory the Selleru2019s bank shall issue a non-operative pre-advise of Performance Bond in the amount of TWO (2) percent of the value of the said commodity to the Buyeru2019s bank, and follow by the Buyeru2019s bank issue a 100% value operative BG DLC (or agreed payment instrument) to Selleru2019s bank, and thereupon both instruments shall be activated and confirm simultaneously and automatically.Buyer will issue BG DLC corresponding to Selleru2019s 2% PB per monthu2019sissuance, i.e. 2% PB per month to be corresponding to 12 months BG.PS: Check that key point is PB term to ensure that we are dealing with real sellers.Buyer doesnu2019t accept or pay Legalization fee, Notarization fee, Registration fee, POP Preparation fee, Ownership Transfer fee, or any upfront fees in any forms. PROCEDURES (Negotiable):1. Buyer sends LOI ICPO with bank details and right for soft probe.2. Seller issues FCO and Buyer reply acceptance.3. Buyer Seller send draft contract, after amendments and both parties sign.4. Buyer and Seller lodge Contract in their respective banks. Electronically signed contract is accepted.5. Within 5 days after contract signed, Selleru2019s bank Buyeru2019s bank to confirm Buyeru2019s payment capability pertaining to Contract obligation. Upon satisfactory, Selleru2019s bank issues a non-operative pre-advice 2% PB to Buyeru2019s bank.6. Buyeru2019s bank SWIFT operative 100% Conditional BG (trading use) DLC, or as may agree, and activate 2% PB.Please take note we could only issue one instrument for each deal, i.e., a DLC, or Conditional BG + T T. We are unable to provide 2 instruments at the same time as like DLC + BG.Please kindly take note we are unable to issue conditional MT103 23 from our banks for such services are not accessible in China at this time.7. After receiving and verifying Buyeru2019s BG DLC, Seller bank sends partial full POP.8. Delivery commence as per scheduled.9. Buyer releases payment (T T or other agreed format) after SGS inspection for quantity, quality of cargo received at discharging port.10. Seller release commissions to Mandates and intermediaries involved.
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