4. Please advise the prefered payment conditions for
the buyer.
When the offered price is accepted, the following procedures
as described below need to be considered as general. Any past
performance or copies of licences or permits requested by buyers
side will be send after signature of the contract
but will be mentioned in the contract as obligatory before any
financial instrument needs to be opened by the buyer.
SOURCE 2 RUSSIA/ASIA SUNFLOWER,PALMOIL, RAPESEED OIL (Europe
Traceability - Agea Certified), CORN, SOY, COCONUT, CANOLA REFINED
AND CRUDE OILS, REFINERY PROCEDURES (ROB2):
PROCEDURES TERMS SMALL QUANTITY from **0 MT to ***9 MT - NO
PAYMENTS IN ADVANCE. Procedure N° 1 ( larger quantities or
bulk do not know set procedures and will be dealt with
individualy)
PAYMENT TERM.
Upon the signature of the Agreement, Buyer Bank send to Seller
Bank Irrevocable, Transferable SBLC Auto-revolving/ IRDLC or BG
payable at sight after SGS inspection at loading port , issued for
total value of shipment every month for the term of the contract
.
PROCEDURES
1.The Buyer issues the LOI with BCL (bank comfort
letter).
2. Sellers Agent sends an FCO and sends its to the Buyer in
order to sign the document and return it to sellers agents for
acceptance.
3. Sellers Agent sends a pro-forma ICPO or a draft contract
(CTR) to Buyer open for amendments.
4. The Buyer, within 5 working days, signs and sends back ICPO
or the Draft Contract to Seller' Agent which sends it to the
Seller.
5. The Seller shall check and countersign the Draft Contract
for acceptance. .
6. Together with the CTR signed, the Buyer will instruct his
bank to issue the Proof of Funds (POF) with Swift MT**9
transferable, divisible revolving payable at sight for one
months supply and send it to the Sellers bank and will send the
receipt of this POF to the Sellers
Agent.
7. Upon this step the Sellers Bank shall send complete Proof
of Product (POP) with Dip Test,SGS Report, Allocation Certificate
and ISCC with Swift MT**9 to the buyers bank.
8. Seller shall start the loading process after the
approbation by buyer of the POP.
9. After delivery of the order to the sellers port of loading
and after SGS test, against consignees shipping documents , the
buyer will pay with Swift MT **0 or MT **3 T/T or as agreed
otherwise and in accordance with Buyers and Sellers
Bank.