Gross Calorific Value (ADB) : 5500 Kcal/Kg
Quantity : Minimal 50.000 MT +/- 10% per shipment and for 12 months and can supply over 100.000 MT per shipment
Payment Procedure by Letter of Credit (L/C) for 100% (one hundred) value amount per month, issued by Top 10 International Prime Bank.
- Buyer approves the FCO with Company Stamp. Buyer provides detail Bank Details, Draft Contract and draft LC; all submitted together to miner.
- Buyer and Seller signs NCND and FPA.
- Buyer provides Contract Draft.
- Buyer and seller signs Contract Agreement.
- Buyer issued the Non-Operative Letter of Credit to Seller.
- We require the draft LC sent to us after receiving FCO.
- Seller post the Operative Bank Performance Bond at 2 % (Two percent) value amount per shipment delivery (50.000 MT) to Buyers Nominated Bank to activating the L/C and same time providing the Laycan dates to Buyer.
- Shipment commences as per contract.
- Mine visit allowed after confirmation and signed contract.
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