Description
Quanties are a minimum of *0,**0 MT and a Max of **0,**0 MT
(monthly). All BBLS are converted to Metric Tons in contract.
Prices are CIF ASWP for new buyers
PAYMENT: Bank Guarantee payment for total quantity for top *5 prime
Bank. One year contract plus extensions. BG can be done quarterly
or one year.
Procedures:
1. Buyers issues LOI With Bank References.
2. Seller issues Draft Contract to Buyer- Open for amendments.
3. Buyer reviews Draft Contract, signs and returns contract back to
Seller.
4. Buyer and Seller sign and seal Final Contract
5. Buyer's bank will issue the BG to the Sellers group. The bank
guarantee will be for the total value three months (4 BGs) or One
year. The Bank Guarantee shall be valid for **5 days + one. The
bank guarantee will only be paid by the buyer's bank after it
expires **5 days + one and the buyer has received all the
shipments. The bank guarantee shall be on a first-line bank TOP
world *5.
6. Seller's Bank will issue to Buyer the PARTIAL POP:
7. Seller bank issues FULL POP:
8 Seller issues 2% PB
9. Completion and verifications of all documents by SGS
*0. Shipment commerce.
