PORTLAND CEMENT 42.5 N (FOR CONSTRUCTION) and
UREA 46%
PACKING 50 KG BAGS OR IN BULK
COUNTRY OF ORIGIN
Urea :
UKRAINE
Cement : CIS, China or Indonesia at
Seller's option
SHIPMENT
WITHIN 30-45 DAYS OF RECEIPT AND ACCEPTANCE OF
BUYER'S LETTER OF CREDIT
PAYMENT
BY AN IRREVOCABLE, TRANSFERABLE (CEMENT) and
NON-TRANSFERABLE (UREA), CONFIRMED, AUTO-REVOLVING, LETTER OF CREDIT
(+5%) COVERING VALUE OF EACH SHIPMENT (+5%).
PERFORMANCE BOND 2% of the shipping amount
UNLOADING RATE : Min.2.300 MT
PROCEDURES FOR PROCESSING ORDERS
1. Seller gives a quote to the buyer after
receiving the details of its order (quantity, target price, destination,
terms of payment and delivery, etc).
If the buyer
and the seller are agree on buyer’s details order, then :
2. Buyer sends LOI with BCL or ICPO
3. Seller sends draft contract. Buyer revises and
makes amendments to the draft contract. Contract is signed -electronic
copies are valid-
4. Buyer’s bank sends Proof of
Funds via :
a) SWIFT MT 799 to seller’s bank or
b) Pre-advice LC or
c)
Buyer provides an SFE-225 bank letter
5a) In case
of receipt SWIFT MT 799 Seller’s bank issues Performance Bond (PB) and
provide POP, Buyer opens L/C, or does not open L/C
5b and c) in case of receipt of Pre-advice LC or
SFE-225 bank letter
MAE's(Seller) bank will send
a swift message stating that it will post the 2% PB, once it will
receive and accept the non-operative L/C and provide POP
6. Buyer’s bank issues non-operative L/C
7. Seller issues PB to activate L/C
8. Shipment starts as per contract
6. Buyer’s bank issues non-operative L/C
7. Seller issues PB to activate L/C
8. Shipment starts as per contract
AkyolMustafa@aol.com
