HMS 1&2 (80-20 ISRI 200-206)

Commodity: HMS 1&2 (80-20 ISRI 200-206)
• Origin: USA
• Sellers Bank: Barclays Bank UK
• Trial order: 30,000 mt
• Supply capacity: 30,000 mt x 12 months
• Shipment terms: CIF
• Loading port: Miami port, USA
• Packing: In Bulk
• Inspection: SGS at seller’s cost, inspect at loading place
Price $340 / mt CIF
Negotiable based on quantity
TERMS OF PAYMENT:
Payment terms will be established on the basis of a telegraphic transfer of cash bankto-
bank or via documentary letter of credit (LC) from international bank. Contract to the
seller’s bank, the LC must be irrevocable, transferable, revolving operative 100%
payable at loading port in exchange for shipping documents. (LC preferably from
Barclay’s bank or any other international bank)
SHIPPING DOCUMENT

1. Weight certificate issued by the weighting company
2. Certificate of origin issue by chamber of commerce
3. Bill of lading issue by any capable shipping line
4. Pre-shipment inspection report issue by the inspection company
5. Packing list issue by the port authority, weighting company and the loading and
   packing company
6. Insurances certificate issue by the inspection company, after the seller
   hand over the above mentioned documents to the buyer
   PROCEDURE PROPOSAL
7. Buyer receive the soft corporate offer (SCO)
8. The buyer issues LOI/ICPO along with letter of credit draft.
9. The seller will respond with the draft of the sales purchase agreement (spa)
10. The buyer sign’s and return.
11. Buyer issues operative confirmed transferable DLC at sight to the seller bank.
12. Seller nominates vessel, loads and send invitation to the buyer to accompany the
    SGS inspection and loading of the materials at loading port.
13. The seller transfers 100% of ownership of the goods (freight and 110% insurance of
    value of the goods prepaid) to the buyer.
14. Payment of the product to be released in sellers nominated upon present of shipping
    documents at loading port.