HMS 1&2 scrap

 

SELLER PROCEDURE

1). Buyer issue LOI or ICPO

2). Seller issue FCO

3). Buyer signs the FCO and send it to the seller

4). Seller issues Draft Contract

5). Buyer signs the Draft Contract and send it back to the seller

6). Seller provides past performance docs (BL) for the Buyer to review and approve

7). Buyer bank open Transferable L/C for seller as agreed by sellers bank.

8). Buyer uses US, WESTERN EUROPE OR ASIA BANK for confimation.

9). Upon receipt of the agreed pre-advise SBLC by MT799, seller activates 2% performance Bond

10). Seller checks quantity and quality with SGS at loading port.

11) At the buyers request, the seller will allow the buyer or his representative to be present at loading port

12). Seller begins shipment.

 

NCNDA will be signed to secure mutual interest of seller and buyer, IMFPA will be issure with contract.

 

PAYMENT TERMS.

Operative, irrevocable, confirmed, Transferable or Non-Transferable, Divisible and Guaranted FFDLC Revolving top 25 world Bank. 100% LC payable upon receipt Documents by TT WIRE from LOADING PORT.

 

RECEIPT OF DOCUMENT: Commercial Invoice, Clean on Bond of lading document