FOR SERIOUS BUYERS
1- The buyer sends an LOI to the seller.
2- The seller sends FCO to the buyer.
3- The seller and the buyer sign the FCO.
4- The buyer pay 1334$ for each million ton, which is the fee for fixing the price and reserve the quantity and it is refundable once the lc is made and confirmed.
Note: This 1334$ for each million ton can be cancelled and avoided if FCO is also signed and stamped by the Ministry of Trade & the Saudi embassy in the Buyer country.
5- After payment or signing the FCO as mentioned in point # 4, the seller will issue the final contract (SPA) and Invoice and send it to the buyer.
6- The buyer will issue LC mt705 Pre-advise with complete details and terms and conditions.
7- After mutual confirmation of LC draft seller and buyer side, the buyer will make the LC MT700 (irrevocable, confirmed, revolving lc at sight).
8- The seller will send videos and instruct SGS people for inspection and also the seller will allow visiting buyers for visiting the factory and warehouse for their satisfaction.
9- After receiving of confirmed LC in the sellerâ??s bank, shipment will be effected.
10- The seller will present SGS-Report and shipping documents to the bank.
11- The buyer's bank will release the money against the shipping documents.
12- 20% Performance Bond from Seller side.
13- The stepwise process has been read & accepted and will be acted upon it. (Attached on Page # 2)
we have ability to export huge qty to China and any other countries
kindly serious buyer have to send LOI to start immediately