| ≥1 piece |
Frytol, which is Palm cooking oil for human consumtion.
Payment Term:
BY IRREVOCABLE, TRANSFERABLE, CONFIRMED, ASIGNABLE AND DIVISIBLE LC AND AUTO-REVOLVING FULLY FUNDED DOCUMENTARY LETTER OF CREDIT FOR THE VALUE OF 12 MONTHS SUPPLY PAYABLE 100% AT SIGHT IN OUR BANK AGAINST PRESENTATION OF SHIPPING DOCUMENTS AS PER CONTRACT AND BY A TOP 2 (TWENTY FIVE) WORLD BANK AND ACCEPTABLE TO SELLER.
PROCEDURES
1) Buyer issues a Buyer issues LOI + Soft probe + NCND signed from buyer
2) Seller issues FCO
3) Buyer sign seal and return the FCO
4) Seller issues Draft Contract
5) Buyer sign seal and return the Contract, seller sign the Contract and return to the Buyer
6) Buyer and Seller deposit a copy of the executed Contract to their respective Banks.
7) Within 3 (three) banking days, Buyer Bank sends a Non-operative FFSBLC or BG for total shipment value to the seller's Bank
8) Within 48 hours Seller's Bank sends Proof of Products (POP) + PB 2% via Swift Bank to Bank methods to the Buyer's Bank
9) FFSBLC or BG operative.
10) Shipment.