Origin: Kingdom Of Saudi Arabia , Destination: Cif Answ, Quantity: Subsequent Deliveries Of 100, 000mt (+/- 5%) For (12) Months Period, Unit Price Cif: Usd$200/mt, Payement Terms: Irrevocable, Confirmed By 20top Bank, Non Transferable, Auto Revolving, Non Operative Dlc/mt700 With An Amount Equal To One (01) Month Shipment To Guarantee Payment. Seller Issues P.Pop And Pb10% To Activate Dlc. 100% Payable Via Swift (mt103/tt) Bank Transfer Within 2 Banking Days After Delivery At Port Of Destination. Operational Working Procedure For The Required Product: 1. Seller's Mandate Issues Sco (done) 2. Buyer Issues Icpo + Company Profile + Clear Color Copy Of Passport+ Full Banking Information. 3. Seller Issues Fco 4. Buyer Contersigns Fco And Return It With Draft Dlc/mt700 5. Seller Issue Sales And Purchase Agreement (spa) Open For Amendment Buyer Returns To The Seller Countersigned (spa) 6. Seller Verifies And Signs Fina Contract And Forwards To The Buyer Via Official Email With Commercial Invoice 7. Within 02 Banking Days, Buyer Returns To The Seller Contersigned Commercial Invoice 8. Within Ten (10) Banking Days After Issuing Commercial Invoice, Buyer's Bank Issues Irrevocable, Non Transferable, Auto Revolving, Non Operative And Confirmed Dlc/mt700 With An Amount Equal To One (01)month Shipment To Guarantee Payment 9. Within Ten (10) Banking Days After Confirmation Of The Dlc/mt700, Seller's Bank, To Activate Dlc/mt700, Issues Operative And Confirmed Pb10% Of The Amount Of Montly Quantity Value With P.Pop And Authorization To Make Physical Visit. 10. Within 30 Banking Days After Activation Of The Dlc By Seller's Bank, Shipment Commences. 11. Buyer's Bank Releases The Payment By Mt103, Within 02 Banking Days After Receiving Full Documentation And Q&q Sgs At Discharging Port: 12. Within 02 Banking Days After Receipt Of The Payment Via Mt103, Seller Pays Both Side Mandates In The Transaction According Ncnda/imfpa And Subsquently Monthly Shipment Continues As Per Terms And Conditions Of The Sales And Purchase Agreement Contract Between Buyer And Seller. Guidelines To Note When Preparing Documents Icpo: 1. The Icpo Must Be Addressed To End Seller 2. The Above Procedures Must Be Accepted And Incorporated In The Icpo Word For Word. 3. Expired Icpo Not Accepted. Maximum Validity Of Icpo Is 03working Days From Issue Date 4. The Letterhead Is Genuine, Check For Any Signs Of Cut And Paste Or Scan And Edit. In The Letterhead We Need Complete Company Name, Address, Phone Number, Fax Number And Email Address.
Min Quantity: *50,000MT X 12 month contract
