HMS 1-2

or at destination port within 3 days at arrival

Wire Transfer (TT) at sight upon presentation documents required for payment. by the Seller,

months and one (1) day from the date of issue. Payment for each shipment shall be effected by

By irrevocable BG /SBLC equal at value of 1 month shipments, valid for the period of 12

OR

shipping documents.

shipment, guaranteed by the bank for the contract value. Payable 100% at sight against set of

By Irrevocable, Transferable Auto Revolving Letter of Credit at Value of one month

PAYMENT TERMS

YARD.

TO REALSE IN WITH IN ___(TBD)___ DAYS AFTER THE VISIT

VERBIGE FROM THE BANK AND COMMITMENT LETTER FROM THE BANK

*BUYER CAN VISIT THE YARD WITH BCL AND FINANCE INSTRUMENT

INSTRUMENT. SHIPMENT COMMENCES AS PER THE TERMS OF THE CONTRACT

SELLER SENDS THE 2 % PERFORMANCE BOND WHICH ACTIVATES THE PAYMENT

BUYER OPENS NON OPERATIVE PAYMENT INSTRUMENT.

BUYER SENDS DRAFT CONTRACT SIGNED SELLER SENDS FINAL CONTRACT.

SELLER ISSUES FCO / DRAFT CONTRACT.

BUYER ISSUES LOI or ICPO with soft probe or BCL

PROCEDURES

HMS 2 - ISRI Code 206: Same as IRSI 204, but max size 60 x 18

or thin gauged material.

HMS 2 - ISRI Code 205: Same as IRSI 204 but free of sheet iron

inches.

HMS 2 - ISRI Code 204: Same as IRSI 203 but max size 36x18

manner to ensure compact charging.

suitable as No.1 heavy melting steel, Prepared in a

thickness, charging box size to include material not

steel scrap, black and galvanized 1/8 inch and over in

HMS 2 - ISRI Code 203: Heavy melting steel. Wrought iron or

compact charging.

inches (charging box size) prepared in a manner to to insure

thickness individual pieces not over 60 inches x 18

Wrought iron or steel scrap 1.4 inch and over in

HMS 1 - ISRI Code 202: Heavy melting steel 5 feet x 18 inches.

compact charging.

(charging box size) prepared in a manner to insure

individual pieces not over 36 inches x 18 inches

Wrought iron or steel scrap ? inch over in thickness

HMS 1 - ISRI Code 201: Heavy melting steel 3 feet x 18 inches.

insure compact charging.

inches (charging box size) prepared in a manner to

over in thickness. Individual pieces not over 60 x 24

and/or steel scrap ? inch or steel scrap ? inch and

HMS 1 - ISRI Code 200: Heavy melting steel. Wrought iron

HMS 1 / 2 - ISRI CODES:

ORIGIN : EUROPE,  ASIA, SOUTH AMERICA

Commodity : HMS 1/2 80%-20%