1- Quantity and Price: (1) 3000mt x 12 months. 1) CIF USD 7390 /mt
2) USD 6900 /mt by SBLC with the term of payment within 5 days after goods arrived at unloading port), Procedure: (1) Buyer issues LOI + BCL to: Chen Jiancao, LOI without BCL there is no deal don't want waste time. (2) Seller issues FCO. (3) Buyer signs FCO and sends it to seller. (4) Seller issues draft Contract. (5) Buyer signs draft Contract and sends it to seller. (6) Buyers Bank will SWIFT MT799 to the Sellers Bank after both parties signed final contract. (7) After received Buyers Bank MT799 or POF, the Sellers Bank will issue MT 799 guaranteed to issue POP and 2% operative PBG via SWIFT to the Buyers bank after received buyers L/C. (8) Buyer's Bank opens Non operative Irrevocable L/C. (9) Upon receipt Non operative L/C, seller's Bank activates non operative L/C with 2% Performance Bond. Posted from South Africa - Gauteng on 7 July, 2008
