|
|
| Company: | Chinapans |
|
| Place of Origin: | china |
|
|
 Description
|
| Sell: scrap metal hms & used [Mar. 30, 2007 16:38:02] |
| | We have a reliable source for used rails and HMS. If procedure
workable please contact me to proceed on.
Best regards
Greg Clark
Buyer's issues Letter Of Intent (LOI or ICPO with permission for
soft probe).
Seller issues Full Corporate Offer (FCO) or Draft Contract in name
of the Buyer and the Buyer returns sealed and signed to the Seller with
BCL or BCR. (The LC must confirm with top 25 western/European Bank)
After buyer signs and seal and returns. Buyer's bank must confirms
availability of the Financial Instruments (BCL) to the Seller's bank and
their readiness to issue. The format/ text of such Financial Instrument
to be supplied by the Buyer's bank and approved by the Seller's bank.
Seller forwards four (4) hard copies of original final contract
signed and stamped to Buyer by DHL or similar courier.
The buyer signs and returns 2 hard copies of original final contract
signed and stamped to seller by DHL or similar courier.
Yard Visit: buyer’s bank issue MT799 or MT760 to seller, seller
sends invitation to buyer for yard visit.
MT799 MT705 or MT760, as evidence of the financial capability to
engage in a particular
transaction, An MT799 message is essentially a "free format" text
message sent between banks and is treated much like a secure form of
email. Properly constructed, a SWIFT MT799 can be used to legitimately
provide documentary evidence that a trading partner has the funds
available, either on deposit or via some form of credit facility, to engage
in a transaction.
Buyer opens the Financial Instruments (DLC), Non - Operative and
pending the receipt of the Performance Bond (PB). Seller's bank confirms
Proof of Product (POP) to Buyer's bank.
Seller agrees that the 2% Performance Bond (PB) will be activates
the Financial Instruments (DLC). After receipt of the Buyer's Non-
Operative Financial Instruments.
[Seller can issue the 2% PB up front. buyer needs put 3% in the
Escrow Account.
If buyer didn’t issue the LC with in 5 working days, after
seller issue the 2% PBG.
The buyer 3% money in the escrow account will belong to seller]
Port inspection: Seller sends invitation to buyer for port
inspection. SGS, CCIC, AQSIQ, B/L all certificate or document will issue
at the loading port.
The First shipment will commence no later than 45 days from date
issued of the operative Letter of Credit. The remaining consignments will
be shipped in each 30 day periods.
Effect of payment for each consignment shall be effected within 3
(Three) banking days after receipt by the Seller's Advising Bank of all
documents required for payment.
Note:
Our procedure is to be sure the buyers don’t need to waste money to
issue the LC without see the goods and MT799 will be the best way to
perform in this transaction.
Please understand, after buyer issue the LC, it doesn’t mean seller
already received the payment .For seller to receive the payment, is the
goods are loaded to the vessel and (SGS CCIC and B/L) all legal certify
document is issue. Buyer’s bank received and confirm with all document,
then seller is able to receive the payment. Which the goods are on the
way to destination. | | |
|
| Payment Method: | L/C |
| Quantity: | MTs |
| Pack. & Delivery: | bulk |
|
|
|
Related Products:
|
|
|
|
|
