Supplier From
Bilbao,
Bizkaia,
Spain
Supplier From
Bilbao,
Bizkaia,
Spain
Minimun order:12.500mt x 12 months
Quality, quantity, weight by sgs or equivalent at seller¦s
Cost with certificate at port of loading.
PORTS at SELLER choice
PAYMENT TERMS:
CONTRACTS:
BRAZIL
$ 1.050, 00 USD per Metric Ton
12.500MT x 12 months
50.000 MT x Month
Quality, Quantity, weight by SGS or equivalent at seller¦s
cost with certificate at port of loading.
FOB û VIT+RIA and PARANAGU- BRAZILIAN
PORTS at SELLER choice.
a) Contract Guarantee: BG or SBLC per Three (03) Month contract valued
amount or valued amount equivalent of Three (3) shipments; issued by to First
International Bank, operative by MT 760 (via swift) in amounts and the text
(suggested by the seller): irrevocable, divisible, transferable, without restrictions,
unencumbered, unconditional, irreversible, negotiable and for the total validity of the
contract.
b) Contract Payment: The payment will be issued by First International Bank, through
an operative ARDLC: irrevocable, divisible, transferable, without restrictions,
unencumbered, unconditional, irreversible, negotiable payable against shipment
documents when the product is embarked in the Brazilian loading port.
PERFORMANCE BOND:
An Operative Performance Bond will be provided by the SellerÆs Bank within 10
Banking Days after SellerÆs Bank receipt of an ARDLC. The Performance Bond
shall be sent to BuyerÆs Bank and shall be equal to 2,0 % (Two Per Cent) per Metric
Ton based on auto revolving monthly delivery.
PROCEDURE PROTOCOL:
1) Seller issues and sends a FCO to the Buyer;
2) Buyer issues ICPO (with LETTERHEAD), signed and stamped to:
xxxxxxxxxxxxx.;
3) Seller issues DRAFT CONTRACT, and sends it to the Buyer;
4) Buyer SIGNS and STAMPS draft contract and sends it back to the Seller;
5) Seller issues the HARD CONTRACT and send it to the Buyer by an international
courier;
6) Buyer signs and resends back half of the copies by courier to the Seller;
7) Buyer initiates banking procedures with his Bank and sends swift (and) HARD
COPY of MT 760 (BG) or SBLC to the SellerÆs Bank (BANK TO BANK);
8) SellerÆs Bank sends to the BuyerÆs Bank the POP.
9) BuyerÆs Bank open an ARDLC irrevocable, divisible, transferable, without
restrictions, unencumbered, unconditional, irreversible, negotiable payable against
shipment documents when the product is embarked in the Brazilian loading port;
