Green Petcoke ORIGIN: Austrian Trial SHIPMENT: 50,000 MT CONTRACT PERIOD: 12 Months LOADING PORT: Vienna SBLC PRICE/MT: 289$ if SBLC as payment Instrument SBLC PAYMENT INSTRUMENT: 110% Irrevocable, Confirmed SBLC Backed by MT 103 at the loading port DLC PRRICE/MT: 299$ if DLC as payment Instrument DLC PAYMENT INSTRUMENT: DLC has to be Irrevocable, Confirmed, Transferable at sight at loading Port DISCHARGE PORT CIF PARTIAL SHIPMENT Allowed INSPECTION: SGS report at port of loading by Seller & Discharge Port at Buyerâ??s cost. TIMELINES: Within 30 days from the acceptance of SBLC / DLC by our bank OTHER REQUISITES All other detailed information to be shared after processing of SBLC/DLC CIF PROCEDURE â?? AT LOADING PORT (SBLC / DLC) 1. Buyer issues ICPO and Acceptance letter with Sellerâ??s delivery procedures on buyer company letterhead along with buyer banking information & company registration certificate. 2. Seller issues SPA to buyer. 3. Buyer signs and returns the SPA to seller with Guarantee of compliance, seller issues partial proof of products to buyer: a. Export Licence. b. COO. c. Irrevocable commitment to supply. d. Proforma invoice for 1st shipment for 1st month. e. Statement of the availability of product. 4. Within 7 banking days Buyerâ??s bank sends Transferrable, Irrevocable Operative SBLC VIA MT 760 backed by MT 103/Irrevocable, Confirmed Transferable DLC at sight at loading port according to sellerâ??s bank verbiage to Sellerâ??s nominated bank account for the first month shipment. 5. On acceptance by Sellerâ??s bank, shares 2% PB if SBLC against contract. 6. No PB if DLC/LC against Spot/Trial Order. 7. Seller shares his shipping arrangement with Buyer to align for loading & Q&Q process. 8. On completion of loading, BL and quality check certificate generation, Sellerâ??s bank submits complete set of documents for realization of money against documents with Buyerâ??s bank. a. NOR/ETA b. Bill of lading. c. Export Licence. d. Vessel Questionnaire 88. e. Port Storage Agreement. f. SGS report at loading port. g. Certificate of Ownership transfer. h. Charter party agreement to transport the product to discharge port. i. Copy of Transnet signed contract to transport the product to the loading port. j. Allocation Transaction passport code certificate by Minister of Energy. 9. The SGS Inspection will be borne by the seller at the loading port, and buyer at the discharge port. 10. Buyerâ??s bank releases payment to sellerâ??s bank by MT103 upon receipt of the shipping documents and confirmation of the Q&Q by SGS/CIQ at loading port. 11. Shipment commences upon confirmation of buyerâ??s payment and arrives at buyerâ??s discharge port within 5-25 days. 12. Seller pays commission within 48 Hours by Swift MT103 to all intermediaries assigned NCNDA/IMFPA. 13. Seller/Buyer proceeds to yearly if they signed draft contract before
