Used Rail

10. DELIVERY AND SHIPMENT COMMENCE AS PER SCHEDULE MUTUALLY AGREED.

9. SELLER ISSUE MILL DOCUMENT WITH ITS AUTHORIZATION NUMBER TO SELL INTO EUROPEAN UNION.

8. WITHIN 10 (TEN) INTERNATIONAL BANKING DAYS OF RECEIVING THE BUYERS L/C PRE ADVICE FROM THE BUYERS BANK, THE SELLER WILL POST THE PROOF OF PRODUCT (POP) AND PERFORMANCE BANK GUARANTEE (PBG) VIA SWIFT TO THE BUYERS BANK. THE PROOF OF PRODUCT (POP) AND PERFORMANCE BANK GUARANTEE (PBG) WILL AUTOMATICALLY ACTIVATE THE PRE-ADVICE L/C, HENCE MAKING THE LETTER OF CREDIT OPERATIVE.

7. WITHIN 07 (SEVEN) INTERNATIONAL BANKING DAYS OF RECEIVING THE SEALED AND SIGNED L/C APPLICATION FORM FROM THE SELLERS, THE BUYERS WILL ISSUE THE L/C PRE ADVICE AS PER CONTRACT. 

6. AFTER REVIEW, SELLER RETURNS THE L/C APPLICATION FORM BACK TO THE BUYER WITH PROPOSED CHANGES IF ANY.

5. BUYER SENDS DULY FILLED L/C APPLICATION FORM OF THE L/C ISSUING BANK FOR THE APPROVAL OF THE SELLER/SELLERS BANK, CLEARLY MENTIONING SELLERS FINANCE COMPANY AS THE FIRST BENEFICIARY.

4. SELLER SENDS 05 (FIVE) HARD COPIES DULY SIGNED AND SEALED. BUYER DULY SIGN AND SEAL ALL COPIES AND RETURN BACK 03 (THREE) COPIES TO THE SELLER.

3. BUYER SIGNS AND SENDS BACK THE CONTRACT DRAFT TO THE SELLER WITHIN 48 HOURS.

2. SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE BUYER.

1.BUYER ISSUES LOI/ICPO WITH FULL BANKING DETAILS WITH SOFT PROBE AUTHORIZATION OR BCL.