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payment
terms
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| These
payment terms are dictated by our sellers are non-negotiable.
Please ensure you can comply with these terms before progressing
with a contract. |
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| Payments
must guaranteed by a top prime world bank acceptable to Seller
& his bank.
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| Check
out the top banks here |
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Contract
Deal
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A
three month BG/ARDLC and monthly payments via TT
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Example
of payment method (based on 300,000 Metric Tons at US$90/mt
via TT)
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Payment
for 25,000MT (+/-5%) of the Agreement quantity of 300,000MT
(+/-5%) shall be effected by T/T to Seller's bank from Buyer's
bank on every shipment and these payment terms will be guaranteed
through an Irrevocable Prime Bank, Bank Guarantee for the
value of US$ 2,250,000 (two million two hundred and fifty
thousand United States Dollars) (+/-5%). The Irrevocable
Prime Bank Bank Guarantee should be issued at the beginning
of the contract period covering the last three months of
the contract period. If for any reason payment against any
shipment is not effected by T/T to Seller's bank account
then the Seller will stop the shipments and get paid out
of the Bank Guarantee issued by the Buyer. If payment for
every shipment is effected by T/T then the Seller will get
paid for the last three month's shipments of 75,000MT by
the Prime Bank, Bank Guarantee. The Prime Bank, Bank Guarantee
should be issued, confirmed and guaranteed by a top prime
world bank acceptable to the Seller. Partial shipments are
allowed.
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or
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A one
month BG/ARDLC and monthly payments via a Non-Transferable
or Transferable DLC
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Example
of payment method (based on 300,000 Metric Tons at US$90/mt
via MRLC)
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Payment
of the agreement quantity of 25,000MT (+/-5%) of the total
quantity of 300,000MT (+-5%) shall be effected by a Monthly
Revolving Transferable Letter of Credit to Seller’s bank
from Buyer’s bank for the monthly contract value and these
payment terms will be guaranteed through a Irrevocable Prime
Bank Stand-by Letter of Credit for the value of US$ 2,250,000
(two million two hundred and fifty thousand United States
Dollars) (+/-5%). The Irrevocable Prime Bank Stand-by Letter
of Credit and the Monthly Revolving Transferable Letter
of Credit should be issued at the beginning of the contract
period.
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Spot
Deal
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- 50% payment
by Telegraphic Transfer, due upon issue of POP. Then
50% payment by Telegraphic Transfer, due at SGS certification
plus
- a half-shipment
value bank guarantee from a top 25 world bank, required
to cover the payment, plus any demurrage charges or
additional costs which may be incurred by buyer
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Example
of payment method (based on 25,000 Metric Tons at US$90/mt
via TT)
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Payment
for 12,500 MT (+/-5%) of the agreement quantity of of 25,000MT
(+/-5%) shall be effected by T/T to Seller's bank from Buyer's
bank at issue of POP. Payment for 12,500 MT (+/-5%) of the
agreement quantity of 25,000MT (+/-5%) shall be effected
by T/T to Seller's bank from Buyer's bank due at SGS Certification.
These payment terms will be guaranteed through a Irrevocable
Prime Bank Gurantee for the value of US$ 1,125,000 (one
million one hundred and twenty five thousand United States
Dollars) (+/-5%). The Irrevocable Prime Bank Bank Guarantee
should be issued at the beginning of the contract.
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Container
Deal
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- 50% payment
by Telegraphic Transfer, due at contracts signed stage
and issue of commercial invoice.
- Then 50% payment
by Telegraphic Transfer, prior to container loading
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Example
of payment method (based on 4,000 Metric Tons at US$90/mt
via TT)
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Payment
for 2,000 MT (+/-5%) of the agreement quantity of of 4,000MT
(+/-5%) shall be effected by T/T to Seller's bank from Buyer's
bank at signing of Contract. Payment for 2,000 MT (+/-5%)
of the agreement quantity of 4,000MT (+/-5%) shall be effected
by T/T to Seller's bank from Buyer's bank prior to the container
being loaded.
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