Commodities: NON GMO SoybeanOrder quantity: 50000 MT Trial order, 100000 MT*12 MONTHSDestination: Tianjin, ChinaTarget price $530Commission included: $10 + $5 = $15Payment: main order is 100% irrevocable Non Transferable, confirmed Letter of CreditCIF PROCEDURE1. Show More...
Commodities: NON GMO SoybeanOrder quantity: 50000 MT Trial order, 100000 MT*12 MONTHSDestination: Tianjin, ChinaTarget price $530Commission included: $10 + $5 = $15Payment: main order is 100% irrevocable Non Transferable, confirmed Letter of CreditCIF PROCEDURE1. Buyer submits the letter of Intent to purchase (LOI).2. Seller sends the FCO and buyer signs it and returns it back to seller along with ICPO and The Sugar import quota allocation letter.3. Seller issues draft contract to buyer.4. Buyer signs the contract returns it to the seller along with DLC Verbiage Draft and RWA.5. Seller provercial Invoice to buyer.6. Upon acceptance of the Verbiage by the seller’s bank, the buyer bank opens the DLC MT 700 as agreed.7. Seller opens the 2% PB (Performance Bond) within 5 working days after DLC is confirmed, operative and accepted by the seller bank.8. Within 4 working days after the confirmation of the DLC, seller completes the loading of the product.9. The shipment documents shall be given within 4 working days after the receipt and acceptance of the agreed operative DLC.10. Payment shall be done at the loading port only in accordance with CIF terms 11.Subsequent monthly shipments continue as per the terms of the contract