Contract period: 12 months
Performance bond: 2%
Commissions: $50
Specifications: Standard Sb 60% min. A. (the Stibi has 60 degrees up)
Applications: Used in addition to current raw materials
Others:
Specification :
- Size 0-6 inch.
- Sb 50%min. Fe 0.3%max.
- As 0.3%max. Pb 0.4%max.
- Se 70 ppm max. Bi 70 ppm max.
- S 23%max. Moisture 4.0%max.
Procedure:
1. Buyer sends LOI
2. Seller send FCO
3. Buyer returns signed FCO
4. Intermediaries sign IMFPA
5. Seller sends draft SPA
6. Buyer returns signed draft SPA
7. Seller issues proforma invoice
8. Buyer returns signed proforma invoice
9. Within fifteen (15) banking days after the proforma invoice is signed, the buyers bank issues an irrevocable confirmed non-transferable DLC MT700, valid for sixty (60) days, in the amount of 100% of the product value.
10. Within five (5) bank days after the confirmation and receipt of the DLC MT700, the seller's bank will issue a 2% performance bond (value of the shipment value).
11. The seller will provide dates for loading. Loading must start within 20/25 days after confirmation of the seller’s bank receiving and confirming of the buyers DLC.
12. Within 76 hours after loading is complete and the buyer receiving all the required shipping documents, the buyer's bank will pay to the seller’s bank via MT700.
13. After the goods arrive at the destination port and discharged to the dock, the buyer is required to start the inspection within two (2) days. Within five (5) working days after the buyer receives the analysis report and the result matches the detail quantity and quality, the buyer's bank will issue an irrevocable confirmed non-transferable DLC MT700 valid for sixty (60) days, in the amount of 100% of the next shipment value.
14. From the second monthly order onwards, the buyer's bank is required to issue the DLC for next batch of goods five (5) days in advance of the current batch of goods arrival at destination port.
15. This process will continue until the completion of the terms of the contract.
Packaging Terms : 1,000kgs Flexible Container-Bag
Quantity Required : 50000 Metric Ton/Metric Tons
Shipping Terms : CIF
Destination Port : Aswp, Other-Not Shown
Payment Terms : Guarantee: Non transferable DLC Payment: TT or MT103 Payment timing: At origin against shipping documents
