Trade Lead Description:
USD/MT CIF. Pls hurry up as the prices are sky rocketing and have crossed the 900 for China. Min order 100,000MT/Month. Max Volume 500,000 M/T per month
PROCEDURES NON-NEGOTIABLE
1- END BUYER ISSUES LOI WITH FULL DETAILS OF THE TERMINAL
CAPACITY, PORT HANDLING CAPACITY, QUANTITY PER MONTH, SHIPMENT DATE, 2-SELLER ISSUES FCO. 3-BUYER ISSUES ICPO. 4-SELLER ISSUES DRAFT CONTRACT TO BE ELECTRONICALLLY
SIGNED. 5-BUYER AND SELLER MEET IN ZURICH BANK AND SIGNS ORIGINAL
HARD COPIES AND VIEWS AVAILABILTY REPORT AND OTHER
DOCUMENTS PROVING THE EXISTENCE OF THE PRODUCT. 6-BUYER ISSUES IRREVOCABLE, CONFIRMED, TRANSFERABLE, MONTHLY REVOLVING DLC. SHIPMENT STARTS AS PER THE AGREED TERMS IN THE
CONTRACT. NOTE: PENALTY OF 1% OF THE TOTAL YEARLY CONTRACT WILL
BE IMPOSED INCASE OF NON PERFORMANCE FROM EITHER
PARTY. Posted from UK - South East of England on 27 October, 2008
|
|