Description
Origin:
Brazil
PROCEDURE TO BE FOLLOWED - Non
negotiable
Note: Seller now takes only
deals with BG one month for Guaranty, valid *4 months from a Top *5
Bank and revolving LC. Except on Spots deal.
Procedure to be followed: The
prices and procedures depend on Market fluctuations and may change
any time.
1) Buyer sends ICPO with BCL +
NCNDA/IMFPA to Seller for checking;
2) Seller sends FCO to Buyer to
sign this document;
3) Seller sends the draft
contract to Buyer to negotiate;
4) The contract is signed and
sealed by all parties at a TTM, no internet games;
OPTIONAL: AT THIS POINT OF
TIME IF the BUYER CHOOSES, HE MAY REQUEST SENDING IN A MT**9 THAT
STATES BUYER RWA TO ISSUE THE BANK INSTRUMENT FOR A RETURN OF
PROOF OF PRODUCT FROM SELLER AND TO PREADVISE THE PERFORMANCE BOND,
BANK TO BANK IN A MT **9. THIS WILL TAKE ***0
DAYS.
5) Buyer issues a Transferable
Bank Instrument (ARDLC /SBLC/ BG) with the conditional to Seller
Co-Partner of account;
6) After the received and
acceptance of bank instrument the POP is issued to buyer
bank;
7) For one year contract,
within 6 days the Performance bond (PB) will become to operate with
the conditional of bank instrument;
8) This PB will not be used in
the spot contract;
9) If Buyer prefers to issue
non - transferable bank instrument the payment must be Bank
Guarantee (BG ) and SBLC of the total contract and the price may be
slightly changed;
*0) To commence the loading
within *0/*5 days by Director of Logistic in Santos Port;
*1) The delivery time will be
confirmed.
