HSM1&2 -USED Rail r19/r23

11.First Shipment shall be made and Delivered on Board Ship within 90Days

10. Shipment commences in accordance with the agreed schedule

9. Buyer issues the non operative Letter of Credit to Sellers bank within 5 banking days.

8. Seller check the Pre-advice Letter of Credit and confirm to buyer within 3 working days .

7. Buyer issues the Pre-advice Letter of Credit to Sellers bank within 3 working days.

6. Buyer returns 3 signed copies by courier (DHL or equivalent)

5. Seller prepares 5 original copies to be sent by courier (DHL or equivalent) to Buyer

4. Seller/Buyer approves the Final Draft and sign the electronic version

3. Seller sends draft contract for negotiation

2. Buyer signs and seals FCO to show his approval

1. Seller sends FCO to Buyer after having received his LOI

OUTLINE PROCEDURE:

INSPECTION: Quantity and Quality to be confirmed by Company SGS or others for Sellers Account at Loading Port.

DOCUMENTS: As listed by ICC Incoterms 2000.

INSURANCE: At the charge of Seller.

PERFORMANCE BOND: 5% value shipment after receipt and acceptance Instrument financial Seller Bank.

THE L/C WILL HAVE A 365 DAYS VALIDITY.

 By Irrevocable, Operative, Assignable, Non Transferable, Confirmed, Fully Funded LETTER OF CREDIT Auto Revolving the value quantity xxxxxxx MT. Payable 100% at sight documents, after Inspection at loading and presentation of shipping documents, and confirmed by one of the Top 50 Prime Banks.

PAYMENT TERMS: 

SHIPPING TERMS - INCOTERM:  COST INSURANCE AND FREIGHT (further details as set forth by Incoterms 2000 (Latest Edition) as published by the International Chamber of Commerce (ICC)

PRICE:  195 USD /MT FOB

FIRST SHIPMENT:   12 500 MT

TOTAL QUANTITY:   150 000 MT

PORT OF DISCHARGE:

PORT OF LOADING:   Matadi

Origin:  Democratic Republic of Congo

Quantity:  150 000 MT

Quantity: 150 000 MT
Origin: Democratic Republic of Congo
PRICE: 195 USD /MT FOB