| ≥1 piece |
| TOTAL QUANTITY | MONTHLY QUANTITY | PRICE |
| 150.000 MT | 12.500 MT | Request |
| 300.000 MT | 25.000 MT | “ |
| 600.000 MT | 50.000 MT | “ |
| 1.200.000 MT | 100.000 MT | “ |
| 1.800.000 MT | 150.000 MT | “ |
| 2.400.000 MT | 200.000 MT | “ |
| 3.600.000 MT | 300.000 MT | “ |
CONTRACT: Minimum 12 months, and contracts are CIF basis only
MINIMUM ORDER: 12.500 MT per Month
DELIVERY PORTS: ASWP – A secure port.
DELIVERY TERMS: 12 month contracts minimum with longer contracts available.
SHIPMENTS: 12,500MT, 25,000MT or 50,000MT.
PACKING: In bulk in big bags or packed in net 50KG (Fifty Kilogram) new polypropylene bags with polyethylene lining.
INSPECTION: SGS in loading port as seller’s cost.
PERFORMANCE BOND:Two Percent (2%) Performance Bond issued by the Seller to the value of the financial instruments provided by the Buyer.
The Vessel loading will commence and can be lifted within 30 to 60 days after receipt of buyer’s operative financial payment instruments.
PROCEDURES:
1. BUYER ISSUES BANK ENDORSED ICPO TO SELLER.
2. SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE BUYER.
3. BUYER SIGNS AND SENDS BACK THE DRAFT CONTRACT TO THE
SELLER WITHIN 48 HOURS.
4. SELLER RETURNS AMENDED DRAFT CONTRACT AS FINAL CONTRACT DULY SIGNED & SEALED. BUYER DULY, SIGNS & SEALS FINAL CONTRACT AND RETURNS BACK THE FINAL CONTRACT TO THE SELLER.
5. SELLER ISSUES FINAL CONTRACT, AS AGREED.
6. WITHIN FIVE (5) BANKING DAYS AFTER DELIVERY TO THE SELLER OF THE FINAL HARD COPY OF THE CONTRACT THAT HAS BEEN SIGNED AND SEALED, THE BUYER OPENS A FINANCIAL INSTRUMENT IN THEIR OWN BANK AND THEN PROVIDES A NON-OPERATIVE FINANCIAL PAYMENT INSTRUMENT TO THE SELLER FOR VERIFICATION, AUTHENTICATION AND CONFIRMATION.
7. WITHIN SEVEN (7) WORKING DAYS OF RECEIPT OF THE NON OPERATIVEFINANCIAL PAYMENT FROM THE BUYER, THE SELLER WILL POST THE 2% OPERATIVE PERFORMANCE BOND AND PROOF OF PRODUCT WHICH WILL ACTIVATE
THE NON OPERATIVE FINANCIAL INSTRUMENTS.
8. SHIPMENT AND DELIVERY.