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- Heavy Melting Steel Scrap - Normal Terms:
The following are the common terms which most sellers prefer while negitiating a deal. But every sellers have their individual standard format of Terms & Conditions or it is set based on mutual understanding of both the parties:
Product Name: HMS-1,2
Specifications:............... Origin:............... Packing: Buyers option Quantity: .......... MT Monthly delivery: .......... MT x 12 months Length of contract: .... months Price: USD. ----.00 /MT CIF Payment Terms: BY AN IRREVOCABLE, CONFIRMED, TRANSFERABLE, DIVISIBLE, AUTO-REVOLVING STAND BY LETTER OF CREDIT (SBL/C) FOR ONE MONTH SHIPMENT VALUE ISSUED / CONFIRMED BY AN EUROPEAN PRIME BANK, PAYABLE 100% AT SIGHT(WITHIN FIVE DAYS OF B/L) AGAINST PRESENTATION OF COMPLETE SHIPPING DOCUMENTS WITH SGS CERTIFICATE TO THE BUYER’S BANK. Performance Bond: 2% on monthly shipment value to be posted by the seller. The said PB will be revolve up to cover the full contract periods. Inspection: Quality, Quantity and Weight by SGS at the Loading Port. The Buyer or his representative can also inspect the goods at the loading port along with SGS personals. Delivery: Within 45/50 days from the date of receipt of an operative SBL/C at the seller’s bank. |