Trade Lead Description:
PROCEDURES: 1.Buyer issues legally binding
ICPO addressed to Seller. 2.Seller sends FCO with banking
details. Buyer signs & returns
legally binding FCO. 3.Seller sends contract for
signing & sealing to be
completed within 48hours. Buyer & Seller execute legally binding
contract. 4.Seller Bank’s releases Partial
POP to Buyer’s Bank for
verification. a) Copy of the Tank Storage Receipt at Loading Port
b) Copy of the SGS Quality and Quantity at Loading Port. 5.Buyer’s Bank completes
verification of Partial POP within
24 hours, Buyer’s Bank swift
Irrevocable, Operative TDLC ICC 458 as Payment Instrument. 6.Upon receipt of Buyer TRDLC ICC 458,Seller’s Bank releases Full POP to Buyer’s Bank. Seller’s Bank issues 2%PB. 7.Buyer’s Bank completes verification of Full POP within 48hours. 8.Upon sailing of cargo for destination port – ROTTERDAM. Seller’s Bank submit title transfer and Shipping Documents at sight against TDLC ICC458 for payment.
Type of Offer: |
Offer to Sell |
Quantity: |
2,000,000MT. 10% LIFTABLE |
Packaging: |
Not Specified |
Price / Incoterms Conditions: |
Platts minus $20/$15. TDLC ICC 458. DIP TEST applicable in the event that the date on SGS Report is more than 30 days old. |
Posted from South Africa - Eastern Cape on 10 December, 2010
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Contact Information |
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Company Details |
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