Product Description

SPOT Prices *2,**0 MT     $**5 *5,**0 MT     $**0 *0,**0 MT     $**5 **0,**0 MT    $**5 Contract  Prices   **0,**0    = *2 x *2,**0    $**5 **0,**0    = *2 x *5,**0     $**5 **0,**0    = *2 x *0,**0     $**5 1,**0,**0 = *2 x **0,**0    $**0 1,**0,**0 = *2 x **0,**0    $**0 2,**0,**0 = *2 x **0,**0    $**0                                Above contract prices is based on 1 month BG for last month otherwise it will be $*5 MT more for transferable D/LC **** IF YOU WANT NON-TRANSFERABLE LC, THE PRICE INCREASES IN 5 USD$/MT. ***** Delivers to Iran, Iraq, Sudan, and Libya please add USD$ *0 to above prices CONTRACT PROCEDURES1) BUYER ISSUES ICPO WITH SELLER’S PROCEDURES, FULL BANK DETAILS, BUYER COMPANY PROFILE, BANK LETTER OF FINANCIAL CAPABILITY FROM A TOP *0 WORLD BANK (Sample text of Bank Letter attached), AND NCNDA/MFPA FROM BUYER 2) SELLER ISSUES THE FCO IN FAVOUR OF THE BUYER. 3) BUYER SIGNS AND SENDS BACK THE FCO TO THE SELLER WITHIN *8 HOURS. 4) SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE BUYER. 5) BUYER SIGNS AND SENDS BACK THE CONTRACT DRAFT TO THE SELLER WITHIN *8 HOURS. 6) SELLER SENDS BACK SIGNED CONTRACT ELECTRONICALLY. 7) SELLER AND BUYER EXCHANGE *3 HARD COPIES SIMULTANEOUSLY BY COURIER AND + COPIES ARE DULY SIGNED & SEALED. 8) THE BUYER'S BANK SENDS TO THE SELLER'S BANK VÍA SWIFT MT- **9 TRANSMISSION THEIR READINESS TO ISSUE THE BANK INSTRUMENT (POF). 9) UPON RECEIPT, THE SELLER'S BANK SENDS TO THE BUYER'S BANK VÍA SWIFT MT***9 TRANSMISSION, THEIR READINESS TO SEND THE PERFORMANCE BOND, COMMITMENT TO SUPPLY THE PRODUCT ALONG WITH ALLOCATION NUMBER AS PER CONTRACT SHIPPING SCHEDULE (POP). *0) WITHIN *0 (TEN) BANKING DAYS OF SUCCESSFUL EXCHANGING OF THE POP AGAINST THE POF, THE BUYER WILL ISSUE THE NON-OPERATIVE BANK INSTRUMENT IN FAVOUR OF THE SELLER. *1) WITHIN *0 (TEN) BANKING DAYS OF RECEIPT OF THE NON-OPERATIVE BANK INSTRUMENT THE SELLER WILL POST THE OPERATIVE PERFORMANCE BOND IN FAVOUR OF THE BUYER WHICH WILL ACTÍVATE THE NON-OPERATIVE BANK INSTRUMENT.