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Bostami and Co

Supplier From Bangladesh
Jul-23-20
Supplier : Iron Ore And Copper Ore, copper millberry, copper cathode

Established: 03

Verification Status



Contact Details:
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Bangladesh


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Item Code: KBT-MD-002
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Item Specification
CR2O3: 42% Basis: 40% Min
CR/FE Ratio: 1.35:1
MGO: 14% Max
AL2O3: 16% Max
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Procedures

The buyer issues a letter of Intent (LOI) or an irrevocable corporate purchase order (ICPO).
Seller issue a complete Corporate Offer(FCO).
Buyer signs and stamps FCO page and returns to the seller.
The seller issues a draft of the sale agreement (SPA) that will incorporate the terms and full conditions.
Buyers signs and stamp Each SPA page and return it to the seller.
The seller completes the SPA, signs and stamps it and issues a PROFORMA INVOICE.
Buyer's Bank issue DLC verbiage, which the seller's Bank reviews and approves.
The seller will send the "Product Test" within 5 working days after the issuance of the draft MT705. The test includes: a) Recent SGS report. b)the asset certificate. c) manufacturing brochure.
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All original documents will be sent to the buying bank via the selling bank via DHL.
The buyer's bank makes payment to the seller's bank immediately after loading the material and an SGS report from an independent SGS appraiser is provided.

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