Page Views: 142
Date Added: 11/13/2011
Last Updated: 11/13/2011
Expiry Date: 11/10/2021
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.g.s inspection for quality and quantity service at sellers cost will inspect the commodity at loading port
payment terms
irrevocable, transferable, confirmed, dlc payable 100 % at sight
against presentation of shipping documents at loading port.
inspection
s.g.s inspection for quality and quantity service at sellers cost will
inspect the commodity at loading port
performance bond
the seller only post pb if the buyer pay with bank guaranty.
the buyer can hold 4% of the shipment value back until ship is arrived
at the port of destination. after receive and check of merchandise he
must pay back the 4% to the seller within 7 days by tt.
procedures
1 – buyer issues loi with bcl or rwa and ncnda
2 - seller or is representative send fco
3 - buyer approve fco
4 - seller prepare sale and purchase draft contract.
5 - buyer returns the sales and purchase agreement duly signed and
sealed to seller within 5 (five) banking days per fax and e-mail.
6 – within 5 (five) banking days after executing and signing of the
sales and purchase contract, buyers bank states their readiness to
issue their irrevocable, and for the seller transferable and non
operative dlc , as per contract agreed to seller’s nominated bank.
7 – within 10 (ten) international banking days of the receipt of buyers
irrevocable , transferable and assignable dlc payment, the seller will
post the full proof of product which will activate the dlc.
8 – shipment commence, as per delivery schedule mutually agreed.
please note
these prices may be subject to change without notice
the market prices for commodities and products commercialized by seller
are subject to change without notice.
we look forward to doing future business with you. |
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