Description

*0,**0 MT PER MONTH X *2 MONTHS IS THE MINIMUM ORDER - NO SPOT OR TRIAL SHIPMENTS *2 MONTH CONTRACT - BULK ONLY LOI OR ICPO WITH BCL REQUIRED PROCEDURES Buyer sends to Seller a current dated Letter of Intent (LOI) or Irrevocable Corporate Purchase Order (ICPO) on Buyer&#**9;s letterhead, fresh dated, signed and sealed and a current dated Bank Capability Letter (BCL) on bank letterhead, signed and sealed by a top bank. Seller will send Buyer a Full Corporate Offer (FCO) for signature. Seller sends Buyer a Draft Contract and after the terms are agreed to both Buyer and Seller sign and seal the Formal Contract. Within a specified time as stated in the contract, Buyer opens a non-operative financial instrument. Seller&#**9;s bank provides Buyer&#**9;s bank with a 2% operative Performance Bond (PB) and Proof of Product (POP) which automatically activates the financial instrument. Seller sends all original sets of documentation to the Buyer, including vessels and quality certificates. Shipment commences as per contract *0 to *5 days after the financial instrument is activated. Payment by Irrevocable, Fully Assured, Auto Revolving, Divisible, Assignable, Documentary Letter of Credit (DLC) payable **0% at sight against shipping documents - OR - by Unconditional BG/SBLC for three (3) months value maturity date *3 months to be held as security for the full term of the contract and TT payments at the discharge port. MINIMUM ORDER IS *0,**0MT x *2 NO SPOT SGS Inspection at loading port paid by Seller. Yard visits will be permitted at Buyer&#**9;s expense only after the contract is signed and the Buyer opens a non-operative financial instrument. Seller has all necessary licenses to ship to China, including AQSIQ. Seller will not provide past B/L or advance POP or the AQSIQ numbers.