Copper Cathode ~ large quantities

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Posted On

29-Sep-14

Product Details

able 100% LC activated at port of destination AFTER sampling and analysis certificate.
Under Below procedure.
1. BUYER SEND LOI / ICPO ALONG WITH BCL
2. SELLER SEND (SPA) FOR EVALUATION, SIGNING AND SEALING.
3. SELLER WILL RETURN FINAL COPY DULY NOTARIZED AND ACTIVE CONTRACT TO BUYER
4. BUYER SEND POF VIA MT199 TO SELLER
5. ON RECEIPT OF POF SELLER PRESENTS TO BUYER POP
6. BUYER’S BANK TO ISSUE NON-OPERATIVE LETTER OF CREDIT OR BANK GUARANTEE FOR SHIPMENTS.
7. WITHIN FIVE (5) BANKING DAYS AFTER ISSUING NON-OPERATIVE L/C or BG SELLER`S BANK WILL ISSUE A PERFORMANCE BOND OF 2% AND NON-OPERATIVE L/C or BG WILL BE ACTIVATED AFTER RECEIPT OF SELLER`S 2% PB BY BUYER. (BUYER TO ISSUE OPERATIVE LC / BG IN CASE IF QUANTITY IS LESS THEN 5000 MT AS THERE IS NO PBG APPLICABLE.)
8. DISPATCH SHALL COMMENCE AFTER DUE INSPECTION AT LOADING PORT AT SELLER’S COST AND INSPECTION AT DESTINATION ON BUYER’S COST ON ARRIVAL OF GOODS.
9. PAYMENT WITHIN 3 DAYS FROM POSITIVE INSPECTION AND CIQ REPORTS.
To proceed please revert back with official LOI and BCL of the buyer & we will come back with direct seller Sale Purchase Agreement.

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