EXTRA VIRGIN OLIVE OIL - EDIBLE Fresh 12,500 MT / Month 12 Months / ANNUAL CONTRACT (Spot deal or trial shipment, ALLOWED) Private label is possible BULK or new clean clear PET Bottles for food storage with capacity 1-5 Liters volume CIF û USD 2.970,00 x MT CIF û ASWP By SGS or similar at Seller's account As per Payment Terms Below First shipment immediately 30 - 45 days Below you have the specifications CONTRACTS: a) Contract Guarantee: BG or SBLC per Three (03) Month contract valued amount or valued amount equivalent of Three (3) shipments; issued by to First International Bank, operative by MT 760 (via swift) in amounts and the text (suggested by the seller): irrevocable, divisible, transferable, without restrictions, unencumbered, unconditional, irreversible, negotiable and for the total validity of the contract. b) Contract Payment: The payment will be issued by First International Bank, through an operative ARDLC: irrevocable, divisible, transferable, without restrictions, unencumbered, unconditional, irreversible, negotiable payable against shipment documents when the product is embarked in the loading port. PERFORMANCE BOND: An Operative Performance Bond will be provided by the SellerÆs Bank within 10 Banking Days after SellerÆs Bank receipt of an ARDLC. The Performance Bond shall be sent to BuyerÆs Bank and shall be equal to 2,0 % (Two Per Cent) per Metric Ton based on auto revolving monthly delivery. PROCEDURE PROTOCOL: 1) Seller issues and sends a FCO to the Buyer; 2) Buyer issues ICPO (with LETTERHEAD), signed and stamped to: xxxxxxxxxxxxxxxxx.; 3) Seller issues DRAFT CONTRACT, and sends it to the Buyer; 4) Buyer SIGNS and STAMPS draft contract and sends it back to the Seller; 5) Seller issues the HARD CONTRACT and send it to the Buyer by an international courier; 6) Buyer signs and resends back half of the copies by courier to the Seller; 7) Buyer initiates banking procedures with his Bank and sends swift (and) HARD COPY of MT 760 (BG) or SBLC to the SellerÆs Bank (BANK TO BANK); 8) SellerÆs Bank sends to the BuyerÆs Bank the POP. 9) BuyerÆs Bank open an ARDLC irrevocable, divisible, transferable, without restrictions, unencumbered, unconditional, irreversible, negotiable payable against shipment documents when the product is embarked in the loading port;
