R55 R65 HMS1 HMS2

given above.

Overpricing will be split with the end seller on a 50:50 basis. It will have to be added to the prices

credited toward the last shipment.

In case of contract termination, 30 days written notice is required. Any balance of the deposit is

That means each months wire transfer or MT103 will be for $6,600,000.

1/12 of the amount, ($600,000) is credited toward each months shipment.

If one months payment for 30,000 MT is $7,200,000; the deposit is equal to that amount.

Deposit Example:

after receipt by the Sellers Advising Bank of all documents required for payment.

8. Effect of the payment for each consignment shall be effected within 3 (three) banking days

day period as defined in the shipping schedule.

MT103 or wire transfer. The remaining consignments will be shipped in each 30 (thirty)

7. The first shipment will commence no later than 45 (forty-five) days from date issued of the

Bank PB) automatically becomes operative at the time of the first billing.

matches the contract terms, the secondary Performance Bond (issued by seller as SBLC or

6. After receipt by the Seller of the MT 103 or wire transfer and verification that the swift

Both are backed with a 100% PB from the Seller.

5. The Buyers bank will issue the MT103 or wire transfer along with the refundable deposit.

countersign the contract and send back to the Buyer via e-mail.

4. Buyer must sign the contract and send to the Seller for signature. The Seller will

replace the word Bank with the name of their Bank.

3. The Buyer must provide all information within the contract that has been left blank, and

2. Seller provides FCO, contract (valid for 3 days) and accompanying documentation

1. Buyer completes and returns LOI as per template provided.

Annual Contract Procedures (refundable deposit required)

"Please note that each of my sellers have a unique LOI/ICPO format which we have to adhere to, so at the time of issuing a LOI p