Product Description

PAYMENT TERM.

Upon the signature of the  Agreement, we have this methods of payment:

 

Buyer send  LOI, the seller send  FCO  and contract. The buyer's bank  send the  Swift  SBLC/ IARDLC operative, non-transferable, confirmed by letter guaranteefor one monthly supply to Sellers Bank. Loading of the first *0 container or truck starts within *0/*5  working days from receipt of the financial strument  by Buyer s bank. Each and every subsequent *0 container or truck shall be loaded or destination, as per attached delivery schedule, upon receipt of full payment  via Swift MT**3 T/T payable after inspection and send document bank to bank , for an amount equivalent to the relevant  invoiced quantity value.

 

The Sellers Bank shall send PB2%  with Swift MT**9

 

PROCEDURES:

 

1) The Buyer issues the LOI

2) Seller issues the FCO to buyer and the buyer signs the document and returns  to Sellers Agents for acceptance.

3)Seller sends the draft contract (CTR) to Buyer.

4)The Buyer have 5 working days for sign and return the Contract to Seller's Agent which sends it to the Seller.

5) The Seller shall check and countersign the Draft Contract for acceptance.

6) Together with the signed CTR, the Buyer will instruct his bank to issue the Swift MT**9 with SBLC/ IARDLC non-transferable, operative, confirmed by letter guarantee  for one monthly supply and send it to the Sellers bank for verification ,  will send the receipt of this financial instrument  to the Sellers Agent.

7)Upon this step the Sellers Bank shall send PB 2%  with Swift MT**9 to the buyers bank.

8)Seller shall start the loading process in *0/*5 working days.

9)After delivery of the documents  loading, the seller's bank send buyer's  bank  via swift, the buyer will pay with Swift MT**3 T/T  in accordance from Buyers Bank and Sellers Bank.