Origin : South Kalimantan
Quantity: (min) 50,000MT û (current max) 100,000MT per month
Packing : BULK
Loading port : open sea anchorage Taboneo
Price : USD66/MT FOB MV
Payment term: Non-operative irrevocable, Non-transferable, Revolving Documentary Letter of Credit from Prime Bank : 98% at Sight (after BL, Invoice & COA) at Indonesia loading port + 2% against CCIC/SGS upon arriving at destination port. Not favour to CIQ.
Performance bond : The Seller shall issue a non operative 2% Performance Bond Guarantee (PBG) of the LC value, and shall be confirmed irrevocable. Performance Bond Guarantee ONLY applies:
1) To guarantee first shipment being spot trial delivery FOB, if the seller fails in the delivery
2) If long-term contracts and PB used to support the Master LC issued by buyer
3) Performance Bond Guarantee is not used for the purchase of CIF, unless the buyer publishes Master LC, then the seller will back up with PBG.
