B: HMS 1 & 2

 
COMMODITY
 HMS 1 & 2
 
SPECIFICATION
 RATIO 80/20, ISRI 200-206

 
PRICE / QUANTITY
 30,000 MT/MTH UPTO 120,000 MT/MTH = US$ $180/MT/CIF   /  FOB $140 / MT

 
ORIGIN
 Africa

 
QUALITY
 SGS AT LOADING PORT
 
DURATION
 ANNUAL CONTRACT, NO SPOT
 
SHIPMENT
 BULK
 
PAYMENT TERM
 IRREVOCABLE, TRANSFERABLE, REVOLVING SBLC / BG, 100% PAYABLE PRIOR LOADING PORT.

 

FOR NON-TRANSFERABLE SBLC, PLEASE ADD US$5.
 
 
 
INSPECTION
 SGS OR SIMILAR AT LOADING PORT AT SELLER'S EXPSENSE
 
 
PROCEDURE
 1) Buyer issues ICPO + BCL. 

2) Seller issues Contract.

3) Buyer's bank issues MT799 pre-advice of Payment Instrument / Payment Guarantee.

4) Yard Visit.

5) Payment Instrument/Guarantee issued.

6) 2%PB

7) Delivery according to contract.

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