12,500mt x 12  250 CIF per metric ton

Procedures:

1.  Buyer issues ICPO with soft bank probe.

2.  Seller issues FCO to be signed and returned by buyer.

3.  Seller issues Contract to be signed by buyer after any revisions.

4.  Buyer provides MT-799 as pre-advice.

5.  Seller issues FULL POP.

6.  Buyer issues payment instrument (BG, RDLC) to be activated upon issuance of Seller's 2 % PB.

7.  Seller issues Performance Bond equal to 2% of the contract.

8.  Shipping commences in approximately 30 days.

Terms:

 
 
PAYMENT TERMS:
 
IRREVOCABLE, NON-TRANSFERABLE, CONFIRMED, REVOLVING DOCUMENTARY LETTER OF CREDIT (RDLC)OR BG FROM A TOP 25 WORLD  PRIME BANK OR AA+ RATED, OF 100% VALUE PAYABLE AT SIGHT
 
DELIVERY : CIF ASWP. 30 45 DAYS AFTER RECEIPT OF BUYERS REVOLVING DOCUMENTARY LETTER OF CREDIT (RDLC) OR BANK GUARANTEE (BG)                          
 
PERFORMANCE BOND: 2% FROM SELLER
                       
 DELIVERY:  INCOTERMS 2000
 
INSPECTION FOR QUANTITY/QUALITY & WEIGHT:   BE CONDUCTED AT THE LOADING PORT BY SGS OR SIMILAR AT SELLERS EXPENSE