Terms & Prices

SALES PROCEDURE:

  1. BUYER SEND LOI (LETTER OF INTENT) OR REQUEST LETTER

  2. SELLER SENDS FCO, BUYER CONFIRMS THE FCO (OPTIONAL)

  3. CONTRACT PERIOD

  • SELLER SENDS DRAFT CONTRACT.

  • SELLER AND BUYER AGREE UPON DRAFT CONTRACT CONDITIONS.

  • SELLER AND BUYER WET SIGN AND SEAL THE CONTRACT FORMALLY.

  • WET SIGNED AND SEALED DRAFT CONTRACT IS ACCEPTED AS FINAL CONTRACT.

  1. SELLERS ISSUES PROFORMA INVOICE. BUYER CONFIRMS THE PROFORMA INVOICE

  2. BUYER OPENS THE DL/C TO SELLER’S BANK 
    PAYMENT TERMS:PAYMENT IS MADE BY LETTER OF CREDIT, CONFIRMED AND IRREVOCABLE PAYMENT AT SIGHT WITH 100% WITH REIMBURSEMENT BANK OF FIRST ORDER, TRANSFERABLE AGAINST DOCUMENTS OF EXPEDITION. THE PAYMENT WILL BE HONORED BY THE BANK OF REIMBURSEMENT UPON RECEIPT OF THE TELEX MT PAYMENT IN A MAXIMUM 3 WORKING DAYS. (IN ACCORDANCE WITH THE TERMS OF THE LETTER OF CREDIT ISSUED IN OUR FAVOR.)

  3. THE DELIVERY SHALL BEGIN THE FIRST SHIPMENT SHALL BEGIN 4-6 WEEKS AFTER RECEIPT AND CONFIRMATION OF AN OPERATIVE FINANCIAL INSTRUMENT ACCEPTABLE TO THE  SELLER.