- Payment in FFSBLC total contract or BG
Unconditional, transferable, divisible, irrevocable, CIF.
Quantity :
12.500 MT X 12 : USD
300,00 25.000 MT X 12 : USD 290,00
37.500 MT X 12 : USD 260,00
50.000 MT X 12 : USD 250,00
1.000.000 MT : USD 210,00
2.000.000 MT : USD 200,00
3.000.000 MT : USD 197,00
5.000.000 MT : USD 185,00
10.000.000 MT: USD 170,00
Procedures: 1) Buyer issues a LOI + RWA + NCND
with Banking information 2) Seller issues FCO
3) Buyer sign, seal and return the FCO
4) Seller issues Draft Contract
5) Buyer sign, seal and return the Contract,
seller sign the Contract and return to the Buyer
6) Buyer and Seller deposit a copy of the executed Contract to their
respective Banks. 7) Within 48 hours Seller's
Bank sends Proof of Products (POP) via Swift Bank to Bank methods to the
Buyer’s Bank 8) Within 3 (three) banking days,
Buyer Bank sends a Non-operative FFSBLC or BG for total shipment value
to the seller’s Bank 9) Within 3 (three) banking
days, Seller’s Bank sends an operative Performance Bond of 2% (two
percent) calculated upon L/C value.
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