Trade Lead Description:
USD/MT CIF. Pls hurry up as the prices are sky rocketing and have crossed the 900 for China.
Min order 100,000MT/Month.
Max Volume 500,000 M/T per month
PROCEDURES NON-NEGOTIABLE
1- END BUYER ISSUES LOI WITH FULL DETAILS OF THE TERMINAL
CAPACITY, PORT HANDLING CAPACITY, QUANTITY PER MONTH,
SHIPMENT DATE,
2-SELLER ISSUES FCO.
3-BUYER ISSUES ICPO.
4-SELLER ISSUES DRAFT CONTRACT TO BE ELECTRONICALLLY
SIGNED.
5-BUYER AND SELLER MEET IN ZURICH BANK AND SIGNS ORIGINAL
HARD COPIES AND VIEWS AVAILABILTY REPORT AND OTHER
DOCUMENTS PROVING THE EXISTENCE OF THE PRODUCT.
6-BUYER ISSUES IRREVOCABLE, CONFIRMED, TRANSFERABLE,
MONTHLY REVOLVING DLC.
SHIPMENT STARTS AS PER THE AGREED TERMS IN THE
CONTRACT.
NOTE: PENALTY OF 1% OF THE TOTAL YEARLY CONTRACT WILL
BE IMPOSED INCASE OF NON PERFORMANCE FROM EITHER
PARTY.
Posted from UK - South East of England on 4 August, 2008
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