HMS SCRAP METAL

Irrevocable, Transferable, Confirmed, Divisible L/C
100 % at sight against presentation of shipping
documents of shipping ports.
PERFORMANCE BOND
The Buyer will hold 2 % ( two percent) of the Purchase price of each shipment as a Performance
Bond of the Seller. After every successfully arrival of each shipment, Buyer will pay out via T/T
the mentioned PB of 2% (two percent) to Seller within 3 (three) Banking days after each
shipment arrived at destination port. Or, if Buyer demands other version of Performance Bond,
payment terms are then: Payment by irrevocable, transferable, divisible and unconditional Bank
Guarantee of full purchase price.
PROCEDURE
1 Buyer issues LOI with BCL or RWA
2 - Seller or is Representative send to FCO
3 - Buyer approve FCO
4 - Seller to prepare sale and purchase draft contract.
5 - Buyer returns the Sales and Purchase Agreement duly signed and sealed to Seller within 5
(Five) Banking days per Fax and E-mail deemed as Originals.
6 Within 5 (Five) Banking days after executing and signing of the Sales and Purchase Contract,
Buyers Bank states their readiness to issue their irrevocable, and for the Seller Transferable
DLC , as per contract agreed to Sellers nominated Bank.
7 Within 10 (ten) International Banking days of the receipt of Buyers Irrevocable , Transferable
and Assignable DLC payment, the Seller will post the full Proof of Product which will activate
the DLC.
8 Shipment commence, as per Delivery Schedule mutually agreed..
NOTES:
WE WILL SUPPLY FULL CERTIFICATION AND PRODUCT SPECIFICATION ON REQUEST. WE WILL
ONLY RESPOND TO ICPO/LOI AS FULL CORPORATE INTENTION TO PURCHASE PRODUCTS
We look forward to doing future business with you.