Commodity: Indonesia Steam Coal
Kcal: GCV ADB 4900-6800 kcal/kg
Supply Ability: 50.000 MT/ month up to 300.000 MT/Month
Port of loading: South Kalimantan or East Kalimantan
Price Guarantee: Price held firm for 3 month (excluding government increases in taxes).
Delivery Schedule: According to mutual agreement
Term of Payment:
We accept payment through:
-100% Irrevocable, Confirmed, Non-Transferible, Documentary Letter of Credit at sight or
-100% Stand buy Letter of Credit or
-100% Bank Guarantee
We issued 2% Performance Bond after receiving some or above payments.
PROCEDURE:
1. Buyer sends Letter of Intent LOI;
2. Seller issued FCO in favor of the buyer;
3. Buyer issued ICPO with soft probe permission according Seller conditions written in FCO;
4. Seller verifies Buyer ICPO through Seller Bank and sends NCNDA and IMFPA.
5. Buyer signs and seals NCNDA and IMFPA and return to Seller;
6. Seller would release draft contract to Buyer.
7. Contract negotiation begins over emails between Buyer and Seller;
8. Final draft contract sign electronically by both sides - Buyer and Seller;
9. Mine site visit would be arrange within 1-2 days after the final contract is signed and sealed if requested by the end buyer;
10. Within seven (7) banking days the Buyers bank sends the non-operative, non-transferable Documentary Letter of Credit;
11. Within seven (7) banking days Seller would provide 2% performance bond which would automatically activate the DL/C.
12. Delivery and shipment commence as per schedule mutually agreed in the contract.
We are waiting for your ICPO with soft probe permission
Origin:egypt,mexico,indonesia
all Fe
Buyer sends Letter of Intent LOI;
Seller issued FCO in favor of the buyer;
Buyer issued ICPO with soft probe permission according Seller conditions
written in FCO;
Seller verifies Buyer ICPO through Seller Bank and sends NCNDA and
IMFPA.
Buyer signs and seals NCNDA and IMFPA and return to Seller;
Seller would release draft contract to Buyer.
Contract negotiation begins over emails between Buyer and Seller;
Final draft contract sign electronically by both sides - Buyer and Seller;
Mine site visit would be arrange within 1-2 days after the final contract is
signed and sealed if requested by the end buyer;
Within seven (7) banking days the Buyers bank sends the non-operative, non-
transferable Documentary Letter of Credit;
