Commodity: White Rice Short Quantity: 50,000TM per month x 12 Months. Price: 520 per Metric Tons. Commition: 5$ USD per TM to Buyer side. CIF: Any Country. Payment: SBLC Irrevocable, transferible, divisible. DLC/MT700 (T/T Bank)
White rice, sugar icumsa45, brown sugar, carbon, iron, urea 46%, jet a1, jp54, petrolium derivades, diesel d2, en590 (ulsd), sunflower oil..
Product: Urea 46% prilled or granular Price: CIF 405$/ FOB 385$ per Metric Ton. Total/CQ: 50,000 Metrics Tons Packing: Bags Payment: 60% at loading port after inspection, Balance payment 40% at discharge port with bank guaranty. Procedure CIF 1.BUYER ISSUES ICPO WITH THIS PROCEDURE INCORPORATED IN THE ICPO , ALONG WITH COMPANY PROFILE, BUYER PASSPORT COPY, COMPANY S REGISTRATION COPY. 2. SELLER ISSUES TO BUYER THE COMMERCIAL INVOICE (CI) PROFORMA AND RETURN SIGNED WITHIN 3 BANKING DAYS. AFTER TRIAL ORDER SALES AND PURCHASE AGREEMENT (SPA) FOR 12 MONTHS. 3. SELLER ISSUES TO BUYER VIA EMAIL THE FOLLOWING TRANSACTION DOCUMENTS: - PRODUCT DESCRIPTION -PASSPORT PRODUCT - CERTIFICATE OF ORIGIN. - COMMITMENT TO SUPPLY. - STATEMENT OF AVAILABILITY OF THE PRODUCT. AND BUYER CONFIRMS THE RECEIPT OF THE DOCUMENTS BY MAIL AND ISSUE CONFIRMATION LETTER WITHIN 24 HOURS. 4. SELLER MAKES ARRANGEMENT FOR THE CHARTERED FREIGHT, INSURANCE AND EXPORT FORMALITIES 5. SELLER ISSUES SGS INSPECTION AND INVITES BUYER FOR VISITATION TO WITNESS THE FINAL INSPECTION 6. SELLER SIGNS NCNDA/IMFPA BETWEEN ALL INTERMEDIARIES INVOLVED (OPTIONAL) 7.UPON SUCCESSFUL VERIFICATION OF PRODUCT, BUYER DO FIRST PAYMENT OF 60% OF TOTAL VALUE OF THE INVOICE VIA MT103 AND ISSUES TO SELLER A SBLC FOR BALANCE PAYEMENT OR BANK GUARANTY 8. AFTER TO SIGN AND RETURN THE SPA, THE BUYER ISSUES TO SELLER A SBLC (MT760) BY BANK APPROVED BY SELLER FOR A VALUE OF 3 MONTHS ORDER FOR ONE YEAR, AND SELLER ISSUES TO BUYER A PERFORMANCE BOND OF 2% VALUE OF THE SBLC. 7. UPON CONFIRMATION OF FIRST PAYMENT OF 60% BY SELLER�´S BANK, LOADING & SHIPMENT OF PRODUCT COMMENCES AS PER SCHEDULE 8.WHEN PRODUCT IS ARRIVING IN LOADING PORT, SELLER ISSUES TO BUYER A NOTICE OF ARRIVING IN LOADING PORT AND DELIVER TO BUYER THE FOLLOWING DOCUMENT: - (ATV) AUTHORIZATION FOR PHYSICAL VERIFICATION OF THE PRODUCT AND DO SGS OR EQUIVALENT INSPECTION (OPTIONAL) 9. UPON RECEIPT NOTICE OF ARRIVING IN LOADING PORT AND THE DOCUMENTS, BUYER IMMEDIATELY CONDUCTS HIS INSPECTION IN COORDINATION WITH SELLER AND /OR HIS REPRESENTANT(NO MORE 48HOURS). 10. UPON SUCCESSFUL VERIFICATION OF PRODUCT BUYER, BALANCE PAYMENT SHALL BE MADE BY THE BUYER TO THE SELLER AGAINST PRESENTATION TO THE BUYER OF (I) THE SELLER�´S FAX OR EMAIL COMMERCIAL INVOICE (PROVISIONAL INVOICE ACCEPTABLE WHERE APPLICABLE) (II) 3/3 ORIGINAL BILLS OF LADING ISSUED OR ENDORSED TO THE ORDER OF THE BUYER; AND (III) COPY OF CERTIFICATE(S) OF QUANTITY AND QUALITY ISSUE AT THE LOADING PORT 11. SELLER PAYS ALL INTERMEDIARIES INVOLVED IN THE TRANSACTION WITHIN 48HOURS.(OPTIONAL) The Letter of Intent must be send above the following terms:
