SULPHURGRANULAR
Minimum Quantity: 50,000 metric tons per month
Maximum Quantity: 500,000 metric tons per month
CIF Price: Gross USD 230 /NET USD 220 per MT.
Update on Jan 6, 2025.
Specifications:
Purity (WT%) Min. 99.95
Form Granular
Ash Content (WT%) Max. â?¤ 0.05
Moisture (WT%) Max. â?¤ 0.5
Color Bright Yellow
Acidity, H2SO4 (WT%) Max. â?¤ 0.02
Carbon Content (WT%) Max. â?¤ 0.03
Arsenic, Selenium, Tellurium & Lead Nil.
CIF ASWP APPROVED STANDARD BANKING WORKING PROCEDURES
1. Buyer confirms SCO and issues an official ICPO inserting sellerâ??s terms and procedures.
2. Seller issues FCO for buyerâ??s signing, buyer returns signed FCO and a letter of procedures
acceptance.
3. Seller issues draft contract/SPA which is open for amendments.
4. Buyer returns the signed draft contract with NCNDA/IMFPA and a letter of guarantee to perform.
5. Seller submits the signed SPA for registration and legalization with the appropriate authorities.
6. Seller sends the below listed partial pop documents to buyer via government secured courier
service or mail, on buyer choice.
A. statement of availability of product
B. commitment to supply the product
C. certificate of origin
D. Product Passport
E. Proforma Invoice
7. Buyer within 5 to 6 banking days issues SBLC swift MT760 according to Seller's fiduciary bank
verbiage to seller nominated fiduciary offshore bank account for first month shipment, and whereby
buyer fail to issue payment instrument within 7 banking days, buyer will make cash deposit of $320,
000 by TT wire transfer for allocation and security guarantee to enable seller charter vessel and
commence shipment, and this payment shall be deducted from the total cost of product after
inspection at discharge port
8. Seller bank issues the full set of proof of product (pop) and shipping documents with 2%pb
(performance bond) to buyerâ??s bank. QQ Certificate & Product passport docs, all will be issued on
time.
9. Shipment commences immediately as scheduled in the contract.
10. Buyer pays for the total product value via TT/MT103 to the seller's bank after successful SGS/CIQ inspection at discharge port and tittle of product ownership transferred to buyer.
11. Seller pays all intermediaries involved in transaction as per signed NCNDA/IMFPA within 72 hours.
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