The buyer would like to receive quotations for - Product : Palm Fatty Acid Distillate (PFAD) Quantity:• Trial Order: 1,000MT of Palm Fatty Acid Distillate (PFAD) as below annexure • 100% Letter of Credit at sight Monthly Order and Payment Terms • Monthly Order: 20,000MT of Palm Fatty Acid Distillate (PFAD) as below annexure Procedures 1. The Buyer issues LOI 2. The seller issues FCO. 3. Buyer confirms FCO and procedure and issue ICPO (Irrevocable Corporate Purchase Order) 4. Seller issues Draft Contract (open for amendment) to the buyer. Buyer signs, seal and returns the draft contract (with TSA) to the seller for final endorsement. Seller gives partial proof of products. a) Commitment to Supply b) Pre-Delivery Schedule c) Certificate of Origin (House) 5. Within Seven (7) banking days, the buyer’s bank issues Irrevocable & Non-Transferable DLC(MT103) Equivalent according to the seller’s fiduciary bank verbiage to the seller’s nominated fiduciary Offshore bank for the first month of shipment. 6. The Supplier-Seller's fiduciary bank confirms the Buyer's bank instrument and issues the full POP documents within 10 working days and delivers it from bank to bank or via email. 7. A. Copy of CPA to transport the product to the loading port a) Copy of vessel questionnaire (88) b) Copy of the bill of lading c) SGS or CIQ report at loading port d) Certificate of Origin e) Commercial Invoice Packaging Terms : 20ft/18~20mt Quantity Required : 20000 Metric Ton/Metric Tons Shipping Terms : CIF Destination Port : Busan Usd 570/Mt, South Korea (Republic Of Korea) Payment Terms : 100% Letter of Credit at sight Looking for suppliers from : Worldwide Contact : Seo Hyun-Ki
