Payment Terms:
100% Letter of Credit (LC at sight)
Destination:
Chittagong Port, Bangladesh
Looking for suppliers from:
Worldwide
Product Description
Buyer is interested to receive quotations for the following RFQ -
Product : Refined Soybean Oil
Specifications:
Color: R=0.4, Y=4
Peroxide Value: Nil
Free Fatty Acid: Max 0.03%
Vitamin A: Fortified at a minimum of 30 ppm
Iodine Value: 128-132
Quantity: 2000 mt
Additionally, as intermediaries facilitating this transaction, we request a 2% trade commission on the total contract value to be included in your offer.
Packaging Terms : Flexi Container
Quantity Required : 2000 Metric Ton/Metric Tons
Shipping Terms : CIF
Destination Port : Chittagong Port, Bangladesh
Payment Terms : 100% Letter of Credit (LC at sight)
Specifications:
1. LOI along with the passport copy of the person signing the SPA
2. FCO by seller
3. Signed FCO along with ICPO by buyer
4. SPA signed by the seller & buyer
5. Invitation letter from the seller for warehouse inspection
6. Buyer inspection along with BCL by buyer’s bank
7. Warehouse sealed by the buyer
8. Documents by seller
9. Payment by MT103 by buyer
10. Material movement as per shipping terms
Penalty Clauses:
1. Failure by the seller to deliver the product as agreed will result in a penalty to be paid by the seller
to the buyer with a value corresponding to 5% of the value the delivery.
2. Failure by the buyer to pay the product as agreed will result in a penalty to be paid by the buyer to
the seller with a value corresponding to 5% of the value the delivery.
3. Failure will also permit the damaged party to cancel the contract if so chosen.
