DELIVERY SCHEDULE: NO LATER THAN 45 DAYS AFTER SIGNING CONTRACT DATE.
CONTRACT PERIOD: 12 MONTHS, RENEWABLE FOR 12 MORE MONTHS
INSURANCE: CARGO INSURANCE 110% OF THE COMMERCIAL INVOICE VALUE
SHIPPING METHOD: ASWP
PAYMENT GUARANTEE: SBLC by SWIFT MT760, covering One Month Value, valid for one year and one day as Payment Guarantee. The SBLC will be issued by a Top 25 world bank subject to approval by Sellerâ??s bank.
PAYMENT: Within 7 days of signing the Contract and receipt of SELLERâ??s Commercial Invoice, BUYER issues their confirmed Blocked Funds by SWIFT MT760 to the SELLERs Bank. SELLERS will then produce Proof of Product or Statement of Stock for BUYER and issue 2% PB.
