Description

urea granular & prilled gross $**3.*0 usd / net $**3.*0 usd per mt on cif / aswp procedures for products being sold on a cif basis: 1. buyer confirms soft offer & issues an icpo & bcl with right for soft probe. 2. loi/icpo must be made out to seller. 3. seller issues fco of which buyer endorses & returns. 4. seller issues draft contract open for amendments. 5. both parties confirm draft contract by endorsing it. 6. both parties lodge contracts in respective banks, buyer bank send pre advice to sellers bank to start the bank to bank process. 7. buyer&#**9;s bank & seller bank finalize bank to bank process. 8. buyer&#**9;s bank makes payment as per the contract. 9. delivery commence. procedures for fob basis: 1. buyer confirms soft offer & issue an icpo, bcl with right for soft probe 2. loi/icpo must be made out to seller. 3. seller issues fco for buyer to endorse & return 4. seller issues draft contract 5. buyer signs draft contract 6. buyer makes swift payment by mt**3