Bitumen 85/100

SELLERS PROCEDURES:
- Buyer issues ICPO with full banking details and SOFT PROBE authorization.
- Seller issues Contract (SPA).
- Seller and Buyer sign and seal Contract.
- Buyers Bank issues NON Operative Irrevocable Divisible Non-Transferable
Revolving RDL/C.
- Sellers Bank issues 2% PB to the Buyers Bank for product cost which activates
RDL/C.
- Delivery Commences as Scheduled

COMMODITY: Bitumen 85/100
SPECIFICATIONS: See Annex 1
ORIGIN: IRAN
INCOTERM: FOB, Free On Board
QUANTITY: 5000MT x 12 Month
RENEWAL OF PRICE: Subject to mutual agreement by Seller and Buyer annually.
INSPECTION: SGS for Quantity and Quality paid by the Seller.

LOADING PORT: Port of Bandar Abbass - IRAN
PAYMENT TERMS: STAND BY LETTER OF CREDIT for one month shipment and
RDL/C 100% At Sight for 11 month.
POP: POP is provided Bank to Bank after receiving POF from Buyers
bank initially.
DELIVERY: The first shipment of delivery within 30 - 45 days after received
buyers LC.
PACKING: PACKED IN CORRUGATED NEWLY PRODUCED COLD
ROLLED STEEL DRUMS COATED IN ANTIRUST BLACK WITH DESCRIPTION AS FOLLOWS:
HEIGHT 980 MM
DIAMETER 500 MM
THICKNESS 0.5 AND/OR 0.6 MM
GROSS WEIGHT 190 KGS
NET WEIGHT 180 KGS
TOLERANCE MAX. +/-3 PC

COMMODITY: Bitumen 85/100