1. Buyer issues LOI and Seller issues FCO
2. Buyer issues ICPO with full banking details + KYC
3. Seller issues SPA with PI
4. Seller will present the draft contract for acceptance by the buyer and sealed, within three working days. The draft copy will be deemed legal until hard copies are exchanged.
5. Buyer returns the contract by exchanging it by e-mail attachment, duly signed.
6. Buyer's bank issues LC using SWIFT MT700 or issues SBLC using SWIFT MT760 open for full contract period, to be received at seller's bank within three working days.
7. LC needs to be recurring for 12 months. SBLC is anyway for year long.
Product offered: Refined Soybean Oil
Type: Non-GMO, for Human Consumption
Origin : Ukraine.
Minimum Order Quantity: 12,500 MT
Order quantity: 12,500 MT per month x 12 months
Contract Quantity: 150,000 MT
Incoterms: CIF-Any European Port.
Packing: Bulk, Flexi Tank, 24K ltrs
Insurance: 110% by Seller
Inspection: Q&Q SGS inspection by Seller at loading port
Payment: DLC MT700, Irrevocable, Confirmed & Transferable, 1-month order value, auto-revolving, 12-months valid, issued by Top 50 Prime Bank. DLC release Payment at sight against shipping docs.
Price CIF : US$1375 Per MT.
Animal Feed Supplement of Soybean Meal for Sale Product Specification - Soybean Meal
-Origin: Cameroon
-Protein: Min 48%
-Moisture: Max 12.5%
-Fibre: Max 5%
-Mineral Material: Max 6%
-Packaging in 25KG or 50KG
-Payment Terms: Letter of Credit Only
-SGS Report and Insurance Certificate included
-Quality Certificate from Monsanto Company
-Incoterms: CIF
No. Items Description
1 Product Soymeal
2 Specification Genetically modified soymeal
Moisture 13%PCT
Protein (43.0±0.5) %(PCT),
(Urease) 0.30U/g,
(Ash) 7.0% (PCT),
(Fiber) 7.0%(PCT)
(KOH Protein Solubility) 70.0%PCT
(Lysine)â?2.3% (PCT)
3 Place of Production P.R.China
4 Package In bulk or container subject to buyers requirement
5 Available Quantities for sale before October 31 50,000 tons available before Oct 31,2021
6 Minimum quantity for initial order -1000 Metric Tons
7 Port of Loading -Tianjin Port
8 Payment Terms - 30% Advance payment via TT and 70% balance payment via TT after receiving copy of B/L within 3 days.